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.
