National News
Grand opening of Joyalukkas Showroom in Jodhpur, Rajasthan
Joyalukkas has expanded its presence with the grand opening of a new showroom in Jodhpur, Rajasthan. The inauguration ceremony was graced by . Vanita Seth, Mayor of Jodhpur Nagar Nigam (South), alongside Joy Alukkas, Chairman and Managing Director of Joyalukkas Group, and Thomas Mathew, Executive Director of Joyalukkas
National News
Tanvi Exports Files DRHP For Proposed IPO
The Company Proposes To Raise Funds Through An IPO Comprising A Fresh Issue Of Up To 3,580,000 Equity Shares and An Offer For Sale (OFS) Of Up To 3,580,000 Equity Shares
Tanvi Exports India Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering (IPO).
The Rajkot-based company designs, manufactures and exports fine gold jewellery and accounts for around 8% of Gujarat’s overall gold jewellery exports.
The company proposes to raise funds through an IPO comprising a fresh issue of up to 3,580,000 equity shares and an Offer for Sale (OFS) of up to 3,580,000 equity shares. The shares will have a face value of Rs 10 each.
The net proceeds from the fresh issue will be used towards repayment or pre-payment of certain outstanding borrowings, funding incremental working capital requirements and general corporate purposes.
Revenue from operations increased from Rs 1,374.60 million in fiscal 2024 to Rs 10,084.05 million in fiscal 2025 and further to Rs 11,399.36 million in fiscal 2026, representing a CAGR of 188% over the period. The company’s export business also expanded from a single UAE order worth Rs 43.40 million in fiscal 2024 to export revenue of Rs 2,457.46 million across five countries in fiscal 2025.
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