Baanganga Gold & Diamond files draft papers for ₹720-crore IPO

Baanganga Gold & Diamond (I) Ltd has filed draft papers with SEBI to raise up to ₹720 crore through an IPO, comprising a fresh issue of equity shares worth up to ₹540 crore and an offer for sale of shares worth up to ₹180 crore. The company, which specializes in the design, manufacturing, quality control, and sale of gold and diamond jewellery, primarily caters to organised jewellery retail chains, wholesalers, and distributors.

Its customers include major players such as Joyalukkas India, Novel Jewels, Malabar Gold and Diamonds, Kalyan Jewellers, Bhima Enterprises, and PN Gadgil Jewellers. As of July 31, 2026, the company had over 5 lakh designs and 579 clients across 18 states and four Union Territories.

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