• Products
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Currency
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Corporate/HUF Trading Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
  • Platform
    Trading Platforms
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
    All Calculators
    Trading Platforms
    Features and Tools
    Calculators
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
  • Market
    Market Movers
    Share Market Today
    Top Gainers
    Top Losers
    Stocks
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indian Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Market Movers
    Stocks
    Indices
    Mutual Funds
    IPO
  • Learn
    Stockshaala
    Basics of Stock Market
    Introduction to Fundamental Analysis
    Introduction to Technical Analysis
    Derivatives, Risk management & Option Trading Strategies
    Personal Finance
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Quarterly Results
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Events
    Budget 2025
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2025
    Stockshaala
    Resource
    Investing Guide
    Events
  • Partner
    Business Associates
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement

-- / --

IPO Details

RHP/DRHP

Issue Date

--

Investment/lot

--

Price Range

--

Lot Size

--

IPO Size

N/A

Schedule of N R Gold IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

The IPO of N R Gold Ltd comprises a fresh issue of up to 31,00,000 equity shares. There’s no offer for sale in this IPO, which is a fixed price issue. The lot size of the IPO is TBA and the price band is TBA.

The opening date of the IPO is TBA and the closing date is TBA. The listing of shares will take place on TBA. The allotment date of the IPO is TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA.

  • Investment in N R Gold & Jewels LLP
  • General corporate purposes
Detail Information
Upper Price Band
TBA
Fresh Issue
Up to 31,00,000 equity shares
Offer for Sale
NA
EPS in ₹ in FY 24
7.24

India’s gems and jewellery market size was at US$ 78.50 billion in FY21. Growth in exports is mainly due to revived import demand in the export market of the US and the fulfilment of orders received by numerous Indian exhibitors during the Virtual Buyer-Seller Meets (VBSMs) conducted by GJEPC. The future outlook for gold jewellery seems to be promising amidst some challenges. Increase in duty drawback for gold announced in Oct 2023, New year and the Valentine month are expected to result in increased exports.

In the coming years, growth in the gems and jewellery sector would largely be contributed by the development of large retailers/brands. Established brands are guiding the organised market and are opening opportunities to grow. Increasing penetration of organised players provides variety in terms of products and designs. Also, the relaxation of restrictions on gold import is likely to provide a fillip to the industry.

N R Gold Ltd is a wholesale manufacturer and distributor of traditional and modern jewellery, primarily serving well-established brands such as Kalyan Jewellers India Limited and Joyalukkas India Limited. It operates under a robust B2B business model, specialising in South Indian traditional jewellery, while also offering a diverse range of Indo-western and modern jewellery design to meet various customer demands.

Strong B2B Network

N R Gold Ltd has established a strong B2B network by consistently supplying jewellery to prestigious Indian brands. These collaborations enhance its market credibility and brand visibility, as associations with such esteemed clients reflects the trust and reliability it has built over time. Additionally, its relationships with boutique stores and wholesalers further solidify its market presence.

Design, Innovation and Product Range

The extensive experience of the promoters in the gold industry provides valuable insights into customer preferences and market trends. This understanding enables the company to design products that align with the specific needs and desires of its customers. By offering a diverse range of traditional and modern jewellery, including Indo-western designs, it successfully caters to both classic and contemporary markets, appealing to a wide and varied customer base.

  • Concentrated Customer Base :

N R Gold Ltd, along with its subsidiary, has a concentrated customer base, making it significantly dependent on few key customers for its revenue. The loss of any one or more of these customers could have a significant impact on its business operations and profitability.

  • Dependence on Few Suppliers :

The company’s dependence on few suppliers puts it at risk of interruptions in the availability of raw materials, which could adversely affect its business, financial condition and results of operations. Further, it has not entered into any long-term agreements with its suppliers for raw materials and accordingly may not be able to enjoy credit and other facilities provided by its existing suppliers.

  • Fluctuation in Price and Supply of Raw Materials :

Any fluctuation in price and supply of raw materials, particularly gold, which is its primary raw material for the manufacture of its products, could adversely impact its income. Also, the company’s income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on its results of operations.

Loading chart...
Loading chart...
Loading chart...
Company Name Total Income (in ₹ crores) EPS in ₹ Return on Net Worth (in %) NAV Per Share (in ₹)
N R Gold Ltd
450.64
7.24
30.78
23.52
Radhika Jeweltech Ltd
545.63
4.20
18.70
22.45
Ashapuri Gold Ornament Ltd
166.85
0.30
8.26
3.60
S M Gold Ltd
63.21
1.19
27
22.04
  • IPO Registrar: Skyline Financial Services Pvt Ltd
  • Book Running Lead Managers: Interactive Financial Services Ltd and Wealth Mine Networks Pvt Ltd

N R Gold Ltd offers a diverse range of jewellery, tailored to meet the preferences of various customer segments. These include:

  • Traditional South Indian Jewellery: The company’s core strength includes mangalsutras, harams, and temple jewellery which features traditional motifs and intricate craftsmanship.

  • Modern and Indo-Western Jewellery: It adapts to the evolving trends in the jewellery industry by offering modern designs that cater to younger, style-conscious buyers. This includes trendy chokers, lightweight necklaces, and contemporary bracelets.

  • Customised Orders: N R Gold Ltd provides custom jewellery solutions for clients looking for unique and exclusive pieces with a combination of precious and semi-precious stones.

The total income of N R Gold Ltd grew from ₹25.7858 crores in FY 22 to ₹450.6404 crores in FY 24. Its operating EBITDA margin grew from 1% in FY 22 to 2.91% in FY 24. A strong B2B network coupled with design, innovation and product range has contributed to the company's growth.

To maintain its production, N R Gold Ltd collaborates with a network of over 100 job workers who manufacture its products on a job-work basis. All of its jewellery products are meticulously manufactured in Mumbai, where its team oversees the production process. Once the manufacturing is complete, the finished goods are transferred to its operational shop in 1st Floor, Manu Square, 27-14-28, Rajagopalachari St, Governor Peta, Vijayawada, Andhra Pradesh, India. This ensures that the same level of quality and craftsmanship is upheld across both the wholesale and operational channels. enabling it to offer customers in Andhra Pradesh access to its exclusive range of traditional and modern jewellery directly from its operational outlet.

Parameter FY 24 FY 23 FY 22
Total Income (in ₹ crores)
450.64
453.77
25.78
Profit Before Tax (in ₹ crores)
8.05
5.81
1.71
Profit After Tax (in ₹ crores)
5.19
3.76
1.52
EBITDA (in ₹ crores)
13.12
11.61
0.25
EPS in ₹
7.24
5.24
2.12
Parameter FY 24 FY 23 FY 22
Profit Before Tax (in ₹ crores)
8.05
5.81
1.71
Net Cash Flow from Operating Activities (in ₹ crores)
-26.74
-52.86
-0.47
Net Cash Flow from Investing Activities (in ₹ crores)
0.05
6.47
0.74
Net Cash Flow from Financing Activities (in ₹ crores)
28.03
46.48
-0.25
Cash & Cash Equivalents As At End of the Period (in ₹ crores)
1.46
0.12
0.02

Visit the Registrar’s Website

  • Visit the official website of Skyline Financial Services Pvt Ltd
  • Click on ‘Public Issue’ from ‘Investors’ dropdown
  • Choose ‘Company Name’
  • Enter DPID/Client ID or Application Number or PAN Number
  • Click on ‘Search’ to know the status

Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

  • Choose the Issue Type
  • Select the Issue Name from dropdown
  • Put in either your application number or PAN number
  • Check the box ‘I’m not a robot’
  • Click on ‘Search’ to know allotment status
  • Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  • Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
  • Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  • Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.

Company NameBidding Dates
To be announced
04 Jul - 08 Jul'25
07 Jul - 09 Jul'25
07 Jul - 09 Jul'25
07 Jul - 09 Jul'25

N R Gold IPO FAQs

You can read more about N R Gold and its IPO from the company’s red herring prospectus (RHP) here.

The N R Gold Ltd IPO comprises a fresh issue of up to 31,00,000 equity shares. There’s no offer for sale in this IPO.

The exact dates of the IPO are not known.

Company NameBidding Dates
To be announced
04 Jul - 08 Jul'25
07 Jul - 09 Jul'25
07 Jul - 09 Jul'25
07 Jul - 09 Jul'25
Open Demat Account to Invest in any IPO
+91 -

personImage
Open Demat Account to Invest in any IPO
+91 -