National News
Master Chains N Jewels Files DRHP With SEBI For ₹400 Crore IPO
Fresh Issue To Fund Working Capital; Existing Shareholders To Offload Up To 0.59 Crore Equity Shares Through Offer For Sale
News
Mumbai: Master Chains N Jewels Limited, one of India’s leading gold chain manufacturers, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO), marking a significant step towards its public market debut.
According to the DRHP, the proposed book-built IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore along with an Offer for Sale (OFS) of up to 0.59 crore equity shares by existing shareholders.
The company intends to utilise the net proceeds from the fresh issue primarily to meet its working capital requirements, while the remaining funds will be allocated towards general corporate purposes.
The equity shares, carrying a face value of Rs 10 each, are proposed to be listed on the BSE and the NSE. Systematix Corporate Services Limited has been appointed as the Book Running Lead Manager, while Bigshare Services Limited will act as the Registrar to the issue.
The issue price, IPO opening and closing dates, and other key details will be announced later following regulatory approvals.
National News
Namibia Looking At Close Collaboration With India On Skill Transfer, Training In Diamond Sector
Deepening Collaboration With India To Leverage Its World-Class Expertise In Diamond Cutting, Polishing, and Value Addition.
GJEPC hosted a high-level media interaction at the Bharat Diamond Bourse (BDB), featuring a visiting Namibian delegation led by Hon’ble Gaudentia Kröhne, Deputy Minister of Industries, Mines and Energy, Namibia.
During the session, the Hon’ble Deputy Minister highlighted Namibia’s vision to cultivate a close, multi-faceted partnership with India, focusing on skill transfer, technical training, and capacity building within the diamond cutting and polishing industry.
Key Takeaways & Strategic Objectives
- Skill Transfer & Training: Deepening collaboration with India to leverage its world-class expertise in diamond cutting, polishing, and value addition.
- Investment Opportunities: Extending an invitation to Indian jewelry manufacturers to establish local operations and manufacturing facilities in Namibia.
- Ease of Doing Business: Implementing single-window “One-Stop Centres” designed to streamline business operations, company registrations, and visa processing for international investors.
- Legislative Reforms: Preparing for the upcoming passage of the Special Economic Zone (SEZ) Bill, which will serve as a key economic catalyst across multiple industrial sectors.
Strengthening Bilateral Trade
This strategic dialogue underscores Namibia’s push toward downstream industrial expansion and mineral beneficiation. By leveraging India’s global leadership in diamond processing, Namibia aims to create high-value local employment while offering Indian manufacturers robust growth opportunities backed by modernized governance and infrastructure.
Shri Kirit Bhansali, Chairman, GJEPC, said:

“Namibia produces the world’s highest-value rough diamonds, while India cuts and polishes 14 out of every 15 diamonds globally. With the proposed 15-year tax exemption for Special Notified Zones, India can now offer producer nations not just manufacturing, but a global trading hub. We look forward to building a lasting partnership with Namibia.”
Anoop Mehta, Convener – Diamond Panel, GJEPC, said:
“We have invited Namibia to bring its rough diamonds to India and utilise the new tax framework for trading through the Special Notified Zones. This will give Indian MSMEs more direct access to high-quality rough diamonds without the need to travel overseas. We are exploring this opportunity closely and, if the discussions progress, we would be happy to work towards an MoU with Namibia. We are very positive that, with this new policy, a greater share of Namibia’s diamond trade can come directly to India.”

Highlighting the quality of Namibia’s production, Ms. Gaudentia Krohne, Deputy Minister, Ministry of Industries, Mines and Energy said:

“Namibia is having the best quality of diamonds in the world. We do not have the quantity, but we have the best quality. That’s why I am really proud to come from Namibia and talk about the Namibian diamonds in India.”
The delegation also saw a potential role for India’s diamond trading infrastructure in bringing Namibian roughs closer to Indian buyers. “We can bring our diamonds here, showcase them here and even sell them. If this platform created by India is already being used by other countries, why can Namibia not make use of it too?” Ms. Krohne added.
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