Tanvi Exports India IPO (DRHP filed)
Tanvi Exports India Limited filed its draft red herring prospectus with SEBI on 30 Sep 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
- 30 Sep 2026
- Days since
- 34
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Tanvi Exports India IPO status
Tanvi Exports India 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 | 30 Sep 2026 |
|---|---|
| Days since filing | 34 |
| 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 |
Tanvi Exports India Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹1,012.3 Cr to ₹1,143.23 Cr, and profit after tax rose from ₹18.48 Cr to ₹65.8 Cr. The PAT margin for 31 Mar 2026 was 5.76%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 254.22 | 143.28 | 49.24 |
| Total Income | 1,143.23 | 1,012.30 | 137.87 |
| Profit After Tax | 65.80 | 18.48 | 2.59 |
| EBITDA | 92.08 | 31.73 | 6.41 |
| Net Worth | 93.45 | 28.51 | 4.79 |
| Reserve & Surplus | 92.45 | 27.51 | 3.79 |
| Total Borrowings | 113.51 | 74.84 | 28.52 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| ROE % | 60.71 | 38.95 | 54.00 |
| ROCE % | 38.61 | 20.77 | 12.45 |
| Debt / Equity | 1.05 | 1.58 | 5.96 |
| RoNW % | 69.49 | 63.81 | 54.00 |
| Pat Margin % | 5.77 | 1.83 | 1.88 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Tanvi Exports India Ltd | 10 | — | 29.52 | 29.52 | 69.49% | 42.48 |
| Shanti Gold Limited | 10 | 12.20 | 21.22 | 21.22 | 23.42% | 83.00 |
| Sky Gold Limited | 10 | 43.84 | 18.07 | 18.06 | 23.37% | 77.33 |
| Rbz Jewellers Ltd | 10 | 12.92 | 13.70 | 13.70 | 18.28% | 74.96 |
| Utsav CZ Gold Jewels Ltd | 10 | 26.54 | 24.60 | 23.95 | 29.84% | 81.95 |
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 | Repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by our Company | 70.00 |
| 2 | Funding working capital requirements of our Company | 110.00 |
| 3 | General Corporate Purposes | — |
| Total | 180 |
About Tanvi Exports India Limited
Incorporated in 2020, Tanvi Exports India Ltd. is a gold jewellery manufacturer and exporter based in Gujarat. The Company is engaged in the design, manufacture and export of fine gold jewellery for both domestic and international markets. Its diversified product portfolio comprises jewellery manufactured in gold purities ranging from 9K to 22K, including machine-made Italian chains, bridal and occasion jewellery, casting jewellery, cubic zirconia (CZ)-studded jewellery, daily-wear collections, lightweight jewellery and nano-lightweight jewellery. This broad product portfolio enables the Company to cater to diverse customer preferences and price segments.
Manufacturing Facilities
The Company operates an integrated manufacturing facility in Rajkot, Gujarat, with end-to-end in-house capabilities across the jewellery manufacturing value chain. These capabilities include product design, gold processing, casting, chain manufacturing, engraving, stone setting, polishing, finishing, quality control and packaging, enabling the Company to maintain greater control over its manufacturing processes and product quality.
Customer Base
Tanvi Exports serves customers across 18 states and union territories in India and exports its products primarily to the United Arab Emirates. Its customer base includes established jewellery retailers and brands such as Joyalukkas, Kalyan Jewellers, Senco Gold, Chemmanur Gold Palace, Titan Limited, Jos Alukkas and Novel Jewels, among others.
Design and Product Development
To strengthen its design and product development capabilities, the Company operates two dedicated design studios located in Hooghly, West Bengal, and Coimbatore, Tamil Nadu. These studios support the development of new designs and collections across the Company's diverse product categories and customer seg
Promoters
Bipinbhai Gordhanbhai Viradiya
Raj Ashokbhai Bhalara
Mayur Bhupatbhai Limbasiya
Hiteshbhai Mohanbhai Sardhara
Hareshbhai Mohanbhai Sardhara
Contact details
Tanvi Exports India Ltd.
Plot No. 345/1, Aji Industrial Estate
Opp. Shri Bavishi Weigh Bridge
Rajkot, Gujarat, 360003
Tel: +91 281-6173222
Email: investor.relations@tanviexports.com
Website: https://www.tanviexports.com/
Tanvi Exports India IPO FAQs
- Has Tanvi Exports India IPO filed for an IPO?
- Tanvi Exports India Limited filed its draft red herring prospectus (DRHP) with SEBI on 30 Sep 2026.
- When will the Tanvi Exports India IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Tanvi Exports India 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.