B2B jewellery manufacturer Royal Chain Ltd has filed draft red herring prospectuses (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The offering features a fresh issue of equity shares worth up to Rs 850 crore alongside an Offer for Sale (OFS) of up to Rs 150 crore by promoters and existing investors.

From the fresh issue, Royal Chain Ltd  plans to deploy Rs 650 crore toward repaying or prepaying outstanding debt and accrued interest, reducing its total standalone borrowings of Rs820.4 crore. The remainder will fund general corporate purposes.

As a vertically integrated original design manufacturer (ODM), Royal Chain Ltd  designs and manufactures gold chains and fine jewellery.

Royal Chain is a vertically integrated, technology-driven original design manufacturer (ODM) of gold chains and jewellery, operating across the value chain from conceptualisation and design to prototyping and manufacturing.

The company serves a broad customer base that includes organised retailers such as Titan Company, Kalyan Jewellers India, P N Gadgil Jewellers, Senco Gold, Kalamandir Jewellers, Thangamayil Jewellery and D.P. Abhushan, among others.

As of June 30, 2026, Royal Chain had a product portfolio of more than 27,000 designs. Its offerings are marketed under in-house brands including Rico, SAR and Anamitra, a children’s jewellery brand, as well as collections such as Aalishaan Jewels, Orant and Indigo.