Arjun Jewellers has received SEBI’s observations for its proposed Rs.200 crore initial public offering. The issue is planned entirely as a fresh issue of equity shares, with no offer-for-sale component.
The company intends to utilise the proceeds primarily to meet additional working capital requirements, including inventory procurement for its existing and proposed retail showrooms. A portion of the funds is also proposed to be used for general corporate purposes. The company has yet to announce the issue opening date, price band and other offer details.
Source: Economic Times, Upstox, 9 November 2026
