Royal Chain IPO Details

Bookbuilding IPO | ₹1,000 Cr | Listing at BSE, NSE |

Royal Chain Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on September 28, 2026 to raise funds through Initial Public Offer (IPO).

Royal Chain Ltd. IPO is a Book Build Issue of ₹1,000.00 crores consisting of a fresh issue of shares worth Rs ₹850.00 crores and an offer for sale (OFS) of ₹150.00 crores.

The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Royal Chain IPO DRHP for more details.

IPO Details

IPO Date

[.]
Listing Date

[.]
Face Value

₹10 per share
Price Band
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

[.] shares (agg. up to ₹1,000 Cr)
Fresh Issue

[.] shares (agg. up to ₹850 Cr)
Offer for Sale

[.] shares of ₹10 (agg. up to ₹150 Cr)
Share Holding Pre Issue

12,53,44,092 shares

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Mon, Sep 28, 2026

Issue Reservation

Investor Category	Shares
QIB	Not more than 50% of the Offer
Retail	Not less than 35% of the Offer
NII	Not less than 15% of the Offer

About Royal Chain Ltd.

Incorporated in 2013, Royal Chain Ltd. is one of the top five players in India’s organised B2B jewellery manufacturing industry by installed manufacturing capacity as of March 31, 2026. It is a Mumbai-based vertically integrated and technology-driven design manufacturer (ODM), managing the entire value chain from design conceptualisation and prototyping to large-scale manufacturing. The company has a diversified product portfolio includes chains, bracelets, rings, bangles, kadas, earrings, necklaces, anklets, and pendants for men, women, and children, catering to both everyday and occasion-based jewellery demand. As of June 30, 2026, the company offered more than 27,000 designs across multiple categories and markets its products through in-house brands such as Rico, SAR, and Anamitra, along with collections including Aalishaan Jewels, Orant, and Indigo.

Manufacturing: The company operates a manufacturing facility in Mahape, Maharashtra, spanning approximately 88,981 sq. ft. with an annual installed capacity of 12,000 kg of gold jewellery as of March 31, 2026. Its in-house design studio is supported by a team of 30 designers.

Customers: The company serves a diversified customer base comprising dealers, wholesalers, institutional clients, and export customers. During Fiscal 2026, it catered to approximately 1,887 customers, including nine institutional clients. Its distribution network extends across 24 states and four union territories in India, while exports reach markets such as the UAE, the UK, the USA, Singapore, and Malaysia.

Competitive Strengths:

One of India’s Largest B2B Jewellery Manufacturers in terms of installed capacity
Diversified Customer Base and Long-Standing Customer Relationships with Institutional Customers
Diversified Product Portfolio and New Product Development Technology Enabling Broad Customer Reach
Technology-Led Platform Driving Quality, Product Innovation and Operational Excellence
Experienced Promoters Supported by an Experienced and Professional Management Team

Company Financials (Restated)

Royal Chain Ltd.’s revenue increased by 31% and profit after tax (PAT) rose by 174% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	1,172.95	668.09	515.07
Total Income	4,738.45	3,621.00	2,354.51
Profit After Tax	173.34	63.33	27.36
EBITDA	288.23	130.53	63.62
NET Worth	465.75	184.22	120.98
Reserves and Surplus	444.86	164.55	101.32
Total Borrowing	560.24	367.75	301.83

Recently Listed IPOs in Gems, Jewellery And Watches

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
Deepa Jewellers Ltd.	Mainboard	₹459.72 Cr	₹177	13.85	₹194.37	+9.81%	₹202.54
Priority Jewels Ltd.	Mainboard	₹91.50 Cr	₹200	15.21	₹241.50	+20.75%	₹300.93
Shankesh Jewellers Ltd.	Mainboard	₹367.18 Cr	₹93	10.24	₹94.82	+1.96%	₹90.42

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Repayment/ prepayment, in part or full, of certain outstanding loan facilities and accrued interest thereon, availed by Company

650.00
2 General corporate purposes
Total

650.00

Key Performance Indicator (KPI)

KPI	Mar 31, 2026
ROE	53.34%
ROCE	24.56%
Debt/Equity	1.36
RoNW	53.34%
PAT Margin	3.66%
EBITDA Margin	6.09%
NAV	37.16

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	13.83

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	94.15%
Public	5.85%
Total	100%

Company Promoters: Suresh Futarmal Jain, Manish Futarmal Jain, Nilesh Futarmal Jain, Snneh Suresh Jain, Naman Manish Jain, Royal Family Welfare Trust, Celestial Charms and Foxy Feathers.

Offer For Sale – Selling Shareholders

Name	Category	Estimated Amount (₹ cr.)
Suresh Futarmal Jain	Promoter	50.00
Manish Futarmal Jain	Promoter	50.00
Celestial Charms	Promoter	25.00
Foxy Feathers	Promoter	25.00
Total		150.00

*Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.

IPO Registrar

MUFG Intime India Pvt.Ltd.

022-49186000
royalchain.ipo@in.mpms.mufg.com
Visit Website

IPO Lead Manager(s)

JM Financial Ltd.
360 One WAM Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Royal Chain Ltd. Address

101, 1st floor, Plot no. 127/129

Royal House Shaikh Memon Street

Zaveri Bazar Kalbadevi

Mumbai, Maharashtra, 400002

cs@royalchains.com
Visit Website

IPO FAQs

What is the Royal Chain IPO?

Royal Chain IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹1,000 Crores. The issue is priced at To be declared. The minimum order quantity is .

The Royal Chain IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Royal Chain IPO through Angel One?

Angel One customers can apply online in Royal Chain IPO using UPI as a payment gateway. Angel One customers can apply in Royal Chain IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Royal Chain IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Royal Chain IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Royal Chain IPO will open?

The Royal Chain IPO dates are not announced. Please check back again after some time.

What is the lot size of Royal Chain IPO?

Royal Chain IPO lot size and the minimum order quantity is not available at this time. Please check again later.

How to apply for Royal Chain IPO?

You can apply in Royal Chain IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Royal Chain IPO allotment?

The finalization of Basis of Allotment for Royal Chain IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Royal Chain IPO allotment status.

When is Royal Chain IPO listing date ?

The Royal Chain IPO listing date is not yet announced. The tentative date of listing is .