Moksh Ornaments Plans to Raise Capital with 4.5 Million Warrants at ₹15 Each

Moksh Ornaments Ltd, a Mumbai-based gold jewellery manufacturer, is moving forward with a plan to raise fresh capital by issuing 4.5 million warrants at ₹15 per warrant. This fundraising strategy is designed to support the company’s growth ambitions and strengthen its balance sheet as it continues to expand its presence in the jewellery market.

 

Key Highlights:

 

The company will issue 4.5 million warrants, each priced at ₹15. These warrants can be converted into equity shares, giving investors a direct stake in Moksh Ornaments’ future performance.

 

Moksh Ornaments has a track record of tapping equity markets for growth. Earlier this year, the company launched a rights issue of over 32.6 million shares at the same price point, raising nearly ₹49 crore. The rights issue saw strong interest from existing shareholders, reflecting confidence in the company’s business model and outlook.

 

Moksh Ornaments specializes in designing and manufacturing gold jewellery, including bangles, chains, and mangalsutras, with production based in Mumbai and Kolkata. The company is known for its focus on new designs and hallmark-certified products.

 

The latest fundraising round comes as Moksh Ornaments continues to report healthy sales growth. For the March 2025 quarter, net sales jumped 58% year-on-year, highlighting strong demand for its products.

The board of directors is scheduled to meet on June 20, 2025, to finalize details of the warrant issue and other strategic matters.

 

This move signals Moksh Ornaments’ intent to capitalize on market momentum and invest in new opportunities as it looks to scale up operations.

 

Sources: Bigul, Moneycontrol, BlinkX