Kataria Jewellers Launches IPO to Fund Store Expansion and Debt Repayment

IPO Details and Use of Proceeds Kataria Dhulchand Pannalal Jewellers, trading under Kataria Jewellers, has filed a draft red‑herring prospectus on 26 August to launch an IPO that will issue 1.6 crore fresh equity shares. The company plans to use ₹154.9 crore of the net proceeds to establish two new stores—one in Kota, Rajasthan, and another in Ujjain, Madhya Pradesh—covering capital expenditure for interiors, fit‑outs, architect fees and initial inventory. An additional ₹50 crore will be allocated to repay outstanding debt, while the remaining funds will support general corporate purposes. Smart Horizon Capital Advisors has been appointed as the sole book‑running lead manager.

Financial Performance and Growth Outlook Kataria Jewellers operates three jewellery outlets in Madhya Pradesh, with two in Ratlam and one in Indore. The firm reported a profit of ₹44.55 crore in the fiscal year ended March 2026, more than triple the ₹13.11 crore recorded the previous year. Revenue grew 49.1 % to ₹477.9 crore from ₹320.5 crore during the same period, underscoring robust sales momentum. As of 10 August 2026, total outstanding borrowings stood at ₹104.1 crore. The IPO proceeds are expected to fuel further expansion while strengthening the balance sheet through debt reduction, positioning the company for sustained growth in the competitive jewellery sector.