Baanganga Gold & Diamond files DRHP for โน720 crore IPO, eyes working capital boost
Baanganga Gold & Diamond has filed its draft red herring prospectus for an initial public offering worth up to โน720 crore, comprising a fresh issue of โน540 crore and an offer for sale of up to โน180 crore. The jewellery manufacturer plans to deploy most of the new capital toward working capital needs, underscoring the sectorโs heavy inventory intensity and the financing demands of scaling branded manufacturing.
