Royal Chain IPO (DRHP filed)
Royal Chain Limited filed its draft red herring prospectus with SEBI on 1 Oct 2026 for an issue of about ₹1,000.00 Cr. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 1 Oct 2026
- Days since
- 30
- Issue size
- ₹1,000.00 Cr
- Board
- Mainboard
- Price band
- TBA
Royal Chain IPO status
Royal Chain 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 | 1 Oct 2026 |
|---|---|
| Days since filing | 30 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Royal Chain Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹3,621 Cr to ₹4,738.45 Cr, and profit after tax rose from ₹63.33 Cr to ₹173.34 Cr. The PAT margin for 31 Mar 2026 was 3.66%.
| 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 |
| Reserve & Surplus | 444.86 | 164.55 | 101.32 |
| Total Borrowings | 560.24 | 367.75 | 301.83 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 53.34 | 41.50 | 25.52 |
| ROCE % | 24.56 | 21.58 | 14.36 |
| Debt / Equity | 1.36 | 2.00 | 2.50 |
| RoNW % | 53.34 | 41.50 | 25.52 |
| Pat Margin % | 3.66 | 1.75 | 1.16 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Royal Chain Ltd | 10 | — | 14.39 | 14.39 | 53.34% | 37.16 |
| Sky Gold & Diamonds Ltd | 10 | 43.96 | 18.07 | 18.06 | 23.00% | 77.86 |
| Shringar House of Mangalsutra Ltd | 10 | 15.72 | 13.55 | 13.55 | 26.29% | 70.29 |
| Shanti Gold International Ltd | 10 | 15.34 | 21.22 | 21.22 | 38.08% | 83.00 |
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 |
|---|---|
| 1 | Repayment/ prepayment, in part or full, of certain outstanding loan facilities and accrued interest thereon, availed by our Company |
| 2 | General corporate purposes |
About Royal Chain Limited
Incorporated in 2013, Royal Chain Ltd. is among the top five players in India’s organised B2B jewellery manufacturing industry by installed manufacturing capacity as of March 31, 2026. Based in Mumbai, the Company is a vertically integrated and technology-driven original design manufacturer (“ODM”), with capabilities spanning the entire value chain from design conceptualisation and prototyping to large-scale manufacturing.
The Company offers a diversified portfolio of jewellery products, including chains, bracelets, rings, bangles, kadas, earrings, necklaces, anklets and pendants, catering to men, women and children across everyday and occasion-based jewellery segments. As of June 30, 2026, the Company offered more than 27,000 designs across multiple product categories. Its products are marketed under in-house brands, including Rico, SAR and Anamitra, as well as collections such as Aalishaan Jewels, Orant and Indigo.
Manufacturing
The Company operates a manufacturing facility in Mahape, Maharashtra, spread across approximately 88,981 sq. ft. As of March 31, 2026, the facility had an annual installed capacity of 12,000 kg of gold jewellery. The Company also operates an in-house design studio supported by a team of 30 designers, enabling it to develop and customise designs in line with evolving customer preferences and market trends.
Customer Base and Distribution
The Company serves a diversified customer base comprising dealers, wholesalers, institutional customers and export customers. During Fiscal 2026, it catered to approximately 1,887 customers, including nine institutional clients. Its domestic distribution network spans 24 states and four union territories across India, while its international presence extends to markets including the UAE, the UK, the USA, Singapore and Malaysia.
Contact details
Royal Chain Ltd.
101, 1st floor, Plot no. 127/129
Royal House Shaikh Memon Street
Zaveri Bazar Kalbadevi
Mumbai, Maharashtra, 400002
Tel: +91 22 6996 3333 (326)
Email: cs@royalchains.com
Website: https://royalchaingroup.com/
Royal Chain IPO FAQs
- Has Royal Chain IPO filed for an IPO?
- Royal Chain Limited filed its draft red herring prospectus (DRHP) with SEBI on 1 Oct 2026.
- When will the Royal Chain IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Royal Chain IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
- What is the Royal Chain IPO size?
- The DRHP proposes an issue of about ₹1,000.00 Crore. The final size can change in the RHP.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.