Baanganga Gold & Diamond has filed its draft red herring prospectus for an initial public offering worth up to ₹720 crore, comprising a fresh issue of ₹540 crore and an offer for sale of up to ₹180 crore. The jewellery manufacturer plans to deploy most of the new capital toward working capital needs, underscoring the sector’s heavy inventory intensity and the financing demands of scaling branded manufacturing.
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"Baanganga Gold & Diamond files DRHP for ₹720 crore IPO, eyes working capital boost"
Baanganga Gold & Diamond has filed its draft red herring prospectus for an initial public offering worth up to ₹720 crore, comprising a fresh issue of ₹540 crore and an offer for sale of up to ₹180 crore. The jewellery manufacturer plans to deploy most of the new capital toward working capital needs, underscoring the sector’s heavy inventory intensity and the financing demands of scaling branded manufacturing.
Baanganga Gold & Diamond files DRHP for ₹720 crore IPO, eyes working capital boost
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (08:52 PM IST)•5 min read
Baanganga Gold & Diamond has filed its draft red herring prospectus for an initial public offering worth up to ₹720 crore, comprising a fresh issue of ₹540 crore and an offer for sale of up to ₹180 crore. The jewellery manufacturer plans to deploy most of the new capital toward working capital needs, underscoring the sector’s heavy inventory intensity and the financing demands of scaling branded manufacturing.
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