Rathod Jewellery Manufacturing IPO (DRHP filed)
Rathod Jewellery Manufacturing Limited filed its draft red herring prospectus with SEBI on 5 Oct 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 5 Oct 2026
- Days since
- 13
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Rathod Jewellery Manufacturing IPO status
Rathod Jewellery Manufacturing Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 5 Oct 2026 |
|---|---|
| Days since filing | 13 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | 50% of the Net Issue |
| Retail Investors | 35% of the Net Issue |
| Non-Institutional | 15% of the Net Issue |
Rathod Jewellery Manufacturing Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹511.83 Cr to ₹672.79 Cr, and profit after tax rose from ₹33.97 Cr to ₹50.47 Cr. The PAT margin for 31 Mar 2026 was 7.50%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 299.41 | 247.42 | 253.53 |
| Total Income | 672.79 | 511.83 | 347.76 |
| Profit After Tax | 50.47 | 33.97 | 36.28 |
| EBITDA | 71.81 | 47.77 | 23.34 |
| Net Worth | 158.01 | 107.14 | 139.21 |
| Reserve & Surplus | 157.85 | 106.98 | 139.05 |
| Total Borrowings | 97.92 | 102.01 | 88.86 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| ROE % | 38.07 | 27.82 | 14.03 |
| ROCE % | 29.32 | 24.42 | 11.05 |
| Debt / Equity | 0.62 | 0.95 | 0.64 |
| RoNW % | 31.94 | 31.71 | 12.06 |
| Pat Margin % | 7.56 | 6.69 | 4.86 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Rathod Jewellery Manufacturing Ltd | 10 | — | 16.28 | 16.28 | 31.94% | 50.97 |
| Sky Gold and Diamonds Ltd | 10 | 57.49 | 13.97 | 13.97 | 22.97% | 77.39 |
| Priority Jewels Ltd | 10 | 15.93 | 14.03 | 14.03 | 12.73% | 103.30 |
Notes
Basic/diluted earnings per share refers to the basic/diluted earnings per share sourced from the financial statements of the respective peer group companies for the financial year ended.
Net asset value per share represents Net worth divided by total number of shares at the end of the year.
Price/earnings ratio for the peer group has been computed based on the closing market price of equity shares on NSE as on September 22, 2026, divided by the diluted earnings per share for the Fiscal 2026.
Return on Net Worth is calculated as Profit for the year as a percentage of Net Worth
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of our Company | 115.00 |
| 2 | Repayment and/or pre-payment, in full or in part, of borrowing availed by our Company | 90.00 |
| 3 | General corporate purposes | — |
| Total | 205 |
About Rathod Jewellery Manufacturing Limited
Incorporated in 2012, Rathod Jewellery Manufacturing Ltd. is a B2B jewellery manufacturer specializing in the design, production, and sale of handcrafted gold jewellery studded with uncut diamonds (chakri and polki), diamonds, coloured gemstones, and other precious and semi-precious stones. The company primarily serves organized jewellery retail chains, retailers, and wholesalers across India, while also catering to select international markets.
Its product portfolio includes uncut diamond (chakri) jewellery, polki jewellery, kundan jewellery, and diamond jewellery. The company offers a diverse range of traditional, contemporary, bridal, and everyday-wear designs, including bangles, bracelets, earrings, mangalsutras, necklaces, nose pins, pendants, rings, tikkas, and other jewellery pieces. As of March 31, 2026, the company maintained an extensive catalogue of more than 4,456 active SKUs.
Manufacturing: Rathod Jewellery operates two integrated manufacturing facilities located in Kolhapur, Maharashtra, and Jaipur, Rajasthan, with a combined area of approximately 48,868 square feet.
Customers: Its customer network spans 15 states and union territories across India and includes leading jewellery brands such as Kalyan Jewellers, Novel Jewels, Joy Alukkas, and Titan. The company also serves customers in international markets, including the UAE, Qatar, and the United States.
As of August 31, 2026, Rathod Jewellery was supported by a dedicated in-house design team comprising 49 designers.
Competitive Strengths:
Established B2B customer network supported by long-standing relationships
Key player in the uncut diamond (chakri) jewellery segment
Integrated manufacturing capabilities: Ensuring quality at every stage
Diversified product portfolio across multiple product categories
Technology-enabled in-house design capabilities
Experienced Promoters and management team with strong execution capabilities
Promoters
Chandrakant Hanjarimal Rathod
Rupali Chandrakant Rathod
Reeva Chandrakant Rathod
Hridhay Chandrakant Rathod
Contact details
Rathod Jewellery Manufacturing Ltd.
Plot No F-12/1, MIDC Shiroli
Hatkanangle
Kolhapur, Maharashtra, 416122
Tel: +91 230-2460701
E-mail Id: cs@rathodjewellery.in
Website: https://www.rathodjewellerymfg.in/
Rathod Jewellery Manufacturing IPO FAQs
- Has Rathod Jewellery Manufacturing IPO filed for an IPO?
- Rathod Jewellery Manufacturing Limited filed its draft red herring prospectus (DRHP) with SEBI on 5 Oct 2026.
- When will the Rathod Jewellery Manufacturing IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Rathod Jewellery Manufacturing IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.