New Delhi, Dec 30: Deepa Jewellers has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO).
IPO Structure Includes Fresh Issue And OFS
The Hyderabad-based
company’s proposed IPO will be a combination of a fresh issue of shares worth Rs 250 crore along with an offer for sale of 11,848,340 shares by promoters Ashish Agarwal and Seema Agarwal, according to the Draft Red Herring Prospectus (DRHP) filed on Monday.
Use Of IPO Proceeds Outlined
Proceeds from its fresh issuance worth Rs 215 crore will be utilised for funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the company, and general corporate purposes.
Company Background And Operations
Incorporated in 2016, the company is an organised B2B designer, processor and supplier of hallmarked gold jewellery, primarily having operations in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala.
Jewellery Portfolio And Manufacturing Model
The company designs, processes and sells a wide range of jewellery, operating through an outsourced manufacturing model, supported by a network of 40 karigars.
Product Range And SKUs
As on November 30, 2025, the company had a product portfolio of 14 products and 76 SKUs across its product categories.
Customer Network Across India
As of November 30, 2025, its customer network spans across 13 states and one union territory with a total customer base of 315 customers, comprising 43 jewellery retail chains and 272 standalone stores.
Key Retail Clients
With a diverse product portfolio and a team of creative designers, the company has a long-standing relationship with jewellery retail chains and standalone stores, including Joyalukkas India, Kalyan Jewellers India and Lalithaa Jewellery Mart.
Financial Performance In FY25
On the financial front, the company’s revenue from operations stood at Rs 1,397 crore during FY25, with a net profit of Rs 40.5 crore.
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Issue Managers And Registrar
Emkay Global Financial Services and Valmiki Leela Capital are the book running lead managers, and Bigshare Services is the registrar to the issue.
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