Deepa Jewellers is set to go public, aiming to raise Rs 250 crore to fund its expansion across South India.
IPO Details
Deepa Jewellers has filed a draft prospectus with SEBI to raise about Rs 250 crore through an initial public offering. The issue includes a fresh issue of shares worth Rs 250 crore and a sale of about 11.85 million shares by the promoters, Ashish and Seema Agarwal.
Use of Funds
The company plans to use roughly Rs 215 crore from the fresh issue for long‑term working capital. This will help buy more gold, maintain inventory and support the company’s growth plans. The remaining amount will be used for general corporate purposes.
Company Overview
Founded in 2016, Deepa Jewellers is a B2B designer, processor and supplier of hallmarked gold jewellery. It operates mainly in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. The firm works with an outsourced manufacturing model and a network of 40 skilled karigars.
- Product range: 14 product categories and 76 SKUs (as of 30 Nov 2025).
- Customer base: 315 customers, including 43 jewellery retail chains and 272 independent stores across 13 states and one union territory.
- Key partners: Joyalukkas India, Kalyan Jewellers India and Lalithaa Jewellery Mart.
Financial Highlights
For the fiscal year 2025, Deepa Jewellers reported revenue of Rs 1,397 crore and a net profit of Rs 40.5 crore.
Lead Managers and Registrar
Emkay Global Financial Services and Valmiki Leela Capital are acting as book‑running lead managers, while Bigshare Services is the registrar for the issue.
Disclaimer
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.