Solitario Files DRHP For BSE SME IPO, Plans Expansion Across 95 Retail Touchpoints

Solitario Lab Grown has filed its Draft Red Herring Prospectus (DRHP) with the BSE SME platform for a proposed initial public offering. The company plans to use the fresh issue proceeds to establish 20 new exclusive brand outlets and add 75 shop-in-shop counters across India, strengthening its retail presence.

The lab-grown diamond jewellery brand reported FY26 revenue from operations of ₹112.43 crore and a profit after tax of ₹11.09 crore. Its proposed IPO comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 5.42 lakh shares, marking a significant step in its expansion plans.

#LabGrownDiamonds #IPO #D2CBrands #Startup77