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IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹10 per share
  • Price Band
  • Lot Size
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    [.] shares (agg. up to ₹400 Cr)
  • Offer for Sale
    59,06,250 shares of ₹10 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    94,50,00,000 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Sat, Jul 25, 2026

Issue Reservation

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

About Master Chains n Jewels Ltd.

Incorporated in May 1997, Master Chains N Jewels Limited is one of India’s leading gold jewellery manufacturers, engaged in designing, manufacturing, job-work services, and wholesale distribution of a wide range of gold jewellery. The company specializes in lightweight jewellery and offers an extensive portfolio including gold chains, earrings, bracelets, necklaces, chokers, rings, mangalsutras, pendant sets, daily wear jewellery, and kids’ jewellery in 14K, 18K, and 22K gold. It also provides customized jewellery manufacturing and job-work services for wholesalers and retailers.

The company operates two integrated manufacturing units in Mumbai with in-house design, CAD, casting, stamping, machine-made jewellery production, quality control, and skilled craftsmanship capabilities. Supported by over 80,000 jewellery designs and a nationwide wholesale distribution network spanning 23 states and 3 union territories, Master Chains N Jewels serves leading jewellery retailers, wholesalers, and multi-store chains across India.

The company focuses on innovation, lightweight jewellery trends, technology-driven manufacturing, and long-standing customer relationships.

As of June 30, 2026, Master Chains N Jewels employed 196 permanent employees across production, design, sales & marketing, quality control, finance, administration, IT, and support functions.

Strengths

  • One of India’s leading manufacturers of gold chains and lightweight jewellery.
  • Scalable in-house manufacturing with technology-led design and production capabilities.
  • Diversified product portfolio supported by strong design innovation and customization.
  • Established customer relationships, extensive wholesale distribution network, and experienced promoters.

Company Financials (Restated)

Master Chains n Jewels Ltd.’s revenue increased by 11% and profit after tax (PAT) rose by 162% 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 473.64 267.24 218.04
Total Income 1,680.97 1,512.45 1,273.19
Profit After Tax 97.27 37.12 22.04
EBITDA 145.92 61.64 40.40
NET Worth 231.96 134.65 97.52
Reserves and Surplus 227.46 130.15 93.02
Total Borrowing 214.19 113.72 103.15

Recently Listed IPOs in Gems, Jewellery And Watches

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Advit Jewels Ltd. Mainboard ₹165.16 Cr ₹138 18.41 ₹179.46 +30.04% ₹194.07 (-4.43%)
PNGS Reva Diamond Jewellery Ltd. Mainboard ₹379.52 Cr ₹386 10.96 ₹411.70 +6.66% ₹405.95 (-1.34%)
Shringar House of Mangalsutra Ltd. Mainboard ₹400.92 Cr ₹165 19.47 ₹184.88 +12.05% ₹219.66 (-0.43%)

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 Funding working capital requirements of the Company
    350.00
  • 3 General Corporate purposes
  • Total
    350.00

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 53.06%
ROCE 77.09%
RoNW 41.93%
PAT Margin 5.79%
EBITDA Margin 8.68%
Pre IPO Post IPO
EPS (₹) 1.03
Promoter Holding 99.98%
Madan Sardarmal Kothari, Raj Madan Kothari, Khushbu Raj Kothari, Taruna Madan Kothari

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. Systematix Corporate Services Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Master Chains n Jewels Ltd. Address
Unit 1/2, 6th Floor, Plot – 219/221
Mehta Mansion, Sheikh Memon Street
Zaveri Bazar, Kalbadevi
Mumbai, Maharashtra, 400002

IPO FAQs

Master Chains n Jewels IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Master Chains n Jewels IPO open and close dates are not available as of now.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Steps to apply in Master Chains n Jewels IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Master Chains n Jewels 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.

The Master Chains n Jewels IPO dates are not announced. Please check back again after some time.

Master Chains n Jewels IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Master Chains n Jewels 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.

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

The Master Chains n Jewels IPO listing date is not yet announced. The tentative date of listing is .

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