Master Chains N Jewels files IPO papers with Sebi; eyes Rs 400 cr via fresh issue

Master Chains N Jewels Ltd has filed preliminary papers for an initial public offering. The proposed IPO includes a fresh issue of equity shares worth Rs 400 crore. It also features an Offer for Sale of nearly 59.06 lakh equity shares. Proceeds will fund working capital needs and general corporate purposes. The company designs, manufactures, and distributes a wide range of gold jewellery.

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