Deepa Jewellers Files IPO Papers With SEBI to Raise Funds

Deepa Jewellers Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering, marking its entry into the public markets. 

Key Development 

The proposed IPO comprises a fresh issue of equity shares aggregating to ₹250 crore, along with an offer for sale of up to 1.18 crore equity shares by promoters Ashish Agarwal and Seema Agarwal, who are each looking to sell up to 59.24 lakh shares.  

The company’s equity shares are proposed to be listed on both the National Stock Exchange of India Ltd and BSE Ltd. 

Other Major Insights  

Out of the fresh issue proceeds, ₹215 crore will be deployed towards working capital requirements, primarily to support procurement, maintenance and scaling up of jewellery inventory.  

Emkay Global Financial Services Limited and Valmiki Leela Capital Private Limited have been appointed as the book-running lead managers, while Bigshare Services Private Limited will act as the registrar to the issue. 

About The Company  

Deepa Jewellers operates as an organised B2B designer, processor and supplier of hallmarked gold jewellery, with a strong presence across southern India, including Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala.  

The company focuses on 22-carat gold jewellery processing, job work and trading, and is a key supplier of vaddanam and CNC machine-cut bangles to jewellery retail chains and standalone stores. 

Read More: India’s 2025 IPO Boom: ₹1.95 Trillion Raised Across 373 Issues! 

Conclusion 

The company reported revenue from operations of ₹1,397 crore in FY25, up from ₹1,024.57 crore in FY24, while profit after tax rose to ₹40.58 crore from ₹24.35 crore. With consistent growth in revenues and profitability, the proposed IPO is aimed at supporting inventory-led expansion as the company scales its B2B jewellery operations. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.