Page 26 - Bullion World Volume 5 Issue 08 August 2025

Bullion World | Volume 5 | Issue 08 | August 2025

India's gold and jewellery industry has been
The Golden shining brightly on the stock market in recent
years, transforming from a culturally cherished
tradition into a compelling investment narrative.
IPO Wave: Over the past four years, the organized jewellery

retail sector has witnessed an unprecedented
Why India's IPO boom, with five major well-known brands
going public and delivering remarkable returns
to investors.
Jewellery Several established jewellery houses have

successfully made their market debut since
Giants are 2021, demonstrating strong performance
patterns and seasonal growth drivers that have
caught investor attention. Now, as another major
Capturing player prepares to launch its IPO, it's the perfect

time to decode what makes these golden
Investor investments tick.

This comprehensive analysis takes a closer
Hearts look at the companies that have listed since
2021-examining how they've performed,
identifying which quarters consistently boost
their earnings, and extracting valuable lessons
for investors considering the next gold industry
IPO. Whether you're a curious market observer
or a serious investor looking to add some
sparkle to your portfolio, this deep dive offers
essential insights into the recent IPO wave that's
reshaping India's gold sector.

The IPO Timeline: Market Capitalisation: Showing the
Who Made the Move and When Market’s Favourites
The jewellery retail sector has seen several significant Market Capitalization of Jewellery Companies with
IPOs in the past five years: IPOs since 2021 (in ₹ Crore)

Company Name IPO Date • Kalyan Jewellers leads by a wide margin,
Kalyan Jewellers March 2021 demonstrating both investor appeal and
Senco Gold July 2023 operational scale.
Manoj Vaibhav Gems ‘N’ October 2023 • Senco Gold and Motisons also command
significant market valuation, while regional players
Jewellers like Manoj Vaibhav and RBZ are scaling up.
Motisons Jewellers December 2023
RBZ Jewellers December 2023

These listings don’t merely signal market
opportunity—they represent the formalization and
professionalization of a sector once dominated by
family-run businesses.

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