{
  "id": 9943063,
  "title": "Baanganga Gold & Diamond files DRHP for Rs 720 crore IPO, fresh issue pegged at Rs 540 crore",
  "url": "https://urgent.news/2026/09/26/baanganga-gold-diamond-files-drhp-for-rs-720-crore-ipo-fresh-issue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-26T07:44:46.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/ipos/fpos/baanganga-gold-diamond-files-drhp-for-rs-720-crore-ipo-fresh-issue-pegged-at-rs-540-crore/articleshow/134499882.cms"
  },
  "original_language": "en",
  "account": "Baanganga Gold & Diamond has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India for an anticipated initial public offering (IPO). The proposed issuance includes a fresh equity share allocation of up to Rs 540 crore and an offer for sale (OFS) of shares potentially valued at Rs 180 crore, resulting in a total issue size of up to Rs 720 crore. The OFS will be allocated to promoter selling shareholders Navratanmal Jeetmal Ganna and Jinesh Navratanmal Ganna, with the former potentially selling up to Rs 120 crore worth of shares, and the latter up to Rs 60 crore. The company intends to utilize the net proceeds from the IPO to address working capital needs and general corporate expenditures, with Rs 405 crore earmarked for working capital requirements over the fiscal years of 2027, 2028 and 2029.",
  "summary": "Baanganga Gold & Diamond has filed its DRHP for an IPO comprising a fresh issue of up to ₹540 crore and OFS of up to ₹180 crore. The jewellery manufacturer plans to use fresh proceeds mainly for working capital requirements.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}