Baanganga Gold IPO

Baanganga Gold & Diamond Sets Sights On ₹720-Crore IPO, Jewellery Firm Files Draft Papers With SEBI

Baanganga Gold & Diamond files DRHP for Rs 720 crore IPO, fresh issue pegged at Rs 540 crore

Baanganga Gold & Diamond (I), an organised and fully integrated manufacturer of gold and diamond jewellery operating on a business-to-business (B2B) model, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering (IPO).The proposed issue comprises a fresh issue of equity shares aggregating up to Rs 540 crore and an offer for sale (OFS) of shares worth up to Rs 180 crore, taking the total issue size to up to Rs 720 crore.The OFS comprises shares offered by promoter selling shareholders Navratanmal Jeetm