Royal Chain Files DRHP For Rs 1,000 Cr IPO, Plans Rs 650 Cr Debt Repayment

The company had outstanding borrowings of Rs 820.4 crore on a standalone basis, making debt reduction the primary use of the IPO proceedsMumbai-based business-to-business (B2B) jewellery manufacturer Royal Chain has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Boar…