Deepa Jewellers Files IPO Papers With SEBI; Aims To Raise ₹250 Crore Via Fresh Issue
Deepa Jewellers Limited has filed preliminary IPO papers with SEBI, planning to raise ₹250 crore through fresh equity shares along with an offer for sale of 1.18 crore shares by promoters. The company operates as a B2B gold jewellery processor across 13 states with 315 customers and reported revenue of ₹1,397 crore with net profit of ₹40.50 crore.
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Deepa Jewellers Limited has filed its preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering. The Hyderabad-based gold jewellery processor plans to raise ₹250.00 crore through fresh equity shares, with proceeds primarily allocated for working capital requirements.
IPO Structure and Management
The public offering comprises both fresh issue and offer for sale components. The IPO includes an offer for sale of 1.18 crore equity shares by promoters Ashish Agarwal and Seema Agarwal.
| Component | Details |
|---|---|
| Fresh Issue Size | ₹250.00 crore |
| OFS Component | 1.18 crore equity shares |
| Promoters | Ashish Agarwal and Seema Agarwal |
| Listing Exchanges | NSE and BSE |
| Book Running Lead Managers | Emkay Global Financial Services Limited, Valmiki Leela Capital Private Limited |
| Registrar | Bigshare Services Private Limited |
Fund Utilization
The company has allocated ₹215.00 crore from the fresh issue proceeds for specific business requirements. These funds will support long-term working capital needs, particularly for procurement, maintenance and scaling up of inventory operations, along with general corporate purposes.
Business Operations and Network
Incorporated in 2016, Deepa Jewellers operates as an organized B2B designer, processor and supplier of hallmarked gold jewellery. The company has established operations across five South Indian states including Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala.
The company operates through an outsourced manufacturing model, supported by a network of 40 karigars. As of November 30, 2025, it has developed a diverse product portfolio of 14 products and 76 SKUs across its product categories.
| Operational Metrics | Details |
|---|---|
| Geographic Presence | 13 states and 1 union territory |
| Total Customer Base | 315 customers |
| Jewellery Retail Chains | 43 |
| Standalone Stores | 272 |
| Manufacturing Partners | 40 karigars |
The company has established long-standing relationships with major jewellery retail chains including Joyalukkas India, Kalyan Jewellers India, and Lalithaa Jewellery Mart. It specializes in designing, processing, and selling hallmarked plain gold and precious stone-studded jewellery, particularly vaddanam and CNC machine-cut bangles.
Financial Performance
Deepa Jewellers demonstrated strong financial performance with revenue from operations reaching ₹1,397.00 crore and net profit of ₹40.50 crore.
| Financial Metric | Amount |
|---|---|
| Revenue from Operations | ₹1,397.00 crore |
| Net Profit | ₹40.50 crore |
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