Master Chains n Jewels IPO - Date, Price Band & Details

Master Chains N Jewels Limited was incorporated in Mumbai in May 1997 and converted to a public limited company in November 2025. Its registered office is in Zaveri Bazar, Kalbadevi, Mumbai. It works in the organized gold jewellery manufacturing and wholesale distribution sector.

The company designs, manufactures, and distributes gold jewellery, with a growing focus on lightweight designs, and also provides job-work manufacturing services. Its product range spans 14K, 18K, and 22K gold in yellow gold, rose gold, and rhodium finishes, including chains, necklaces, earrings, bracelets, rings, mangalsutras, chokers, pendant sets, kids' jewellery, and daily-wear collections. It sells to wholesalers and single-store and multi-store jewellery retailers rather than directly to end consumers. As of June 30, 2026, the company held a design database of around 80,666 jewellery designs, supported by a team of 22 CAD designers, and operated two manufacturing units at Kalachowki, Mumbai with a combined area of about 6,870 square feet and an installed capacity of nearly 4,972.90 kilograms a year as of March 2026. The promoters are Madan Sardarmal Kothari, Raj Madan Kothari, Khushbu Raj Kothari, and Taruna Madan Kothari.

The company reported revenue of Rs 1,680.59 crore and profit after tax of Rs 97.27 crore, as per the DRHP. The IPO is a mainboard issue comprising a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 59.06 lakh equity shares by promoter Taruna Madan Kothari, proposed for listing on the BSE and NSE. As per the DRHP, net proceeds from the fresh issue are proposed to be used for funding working capital requirements and general corporate purposes.