From mint · Livemint · · 1m 10s
Tanvi Exports Files IPO DRHP
Tanvi Exports files IPO DRHP with ₹10 face value shares for debt repayment and growth.
In brief
Tanvi Exports files IPO DRHP with ₹10 face value shares for debt repayment and growth. Tanvi Exports, a Rajkot-based gold jewellery maker, filed its DRHP for an IPO to raise funds for debt repayment and working capital, with 84.35% domestic revenue and 15.65% export revenue. Originally reported by mint.
IPO filing
Tanvi Exports has filed its Draft Red Herring Prospectus with Sebi for an initial public offering.
IPO structure
The company proposes to raise funds through a fresh issue of up to 3,580,000 equity shares and an offer for sale of up to 3,580,000 equity shares.
Use of proceeds
Net proceeds will be used for debt repayment, working capital, and general corporate purposes.
Revenue growth
Revenue increased from ₹1,374.60 million in fiscal 2024 to ₹11,399.36 million in fiscal 2026, representing a cagr of 188%.
Market share
The company accounts for around 8% of gujarat's overall gold jewellery exports.
Domestic and export markets
Domestic revenue accounts for 84.35% of total revenue, with exports contributing 15.65%.
IPO advisers
Aryaman Financial Services Limited is the book running lead manager, while Bigshare Services Private Limited is the registrar to the offer.
The main idea
Tanvi Exports, a Rajkot-based gold jewellery maker, filed its DRHP for an IPO to raise funds for debt repayment and working capital, with 84.35% domestic revenue and 15.65% export revenue.
