National News
Royal Chain Files Draft Papers For Rs 1,000-Crore 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.
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.
National News
FGLOC to host inaugural Gold Summit in Kochi
Will bring together key industry stakeholders to chart the future roadmap for the gold-loan sector and unlock the potential of gold as a financial asset
The Federation of Gold Loan Companies (FGLOC) will host its inaugural Gold Summit in Kochi on November 17, 2026, bringing together key industry stakeholders to chart the future roadmap for the gold-loan sector and unlock the potential of gold as a financial asset.
The summit aims to strengthen the operational capabilities of gold-loan companies, equipping them to scale efficiently and responsibly. Core discussions will address shared industry challenges while emphasizing corporate governance, regulatory compliance, and sustainable business practices.
Bringing together prominent voices from across the financial ecosystem, the event will examine the evolving role of gold in modern finance, emerging market opportunities, and strategies to expand credit access to underserved populations.
​Key areas of deliberation include:
- ​Policy and regulatory developments
- ​Responsible lending and consumer protection
- ​Corporate governance and transparency
- ​Technological advancements and sustainable growth
Prominent industry leaders scheduled to participate include George Alexander Muthoot, Executive Vice-Chairman of Muthoot Finance; Thomas John Muthoot, Chairman and Managing Director of Muthoot FinCorp; and V.P. Nandakumar, Chairman and Managing Director of Manappuram Finance.
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