Archive · 30 Dec 2025
Deepa Jewellers Files DHRP with Sebi for IPO
Deepa Jewellers, a company based in Hyderabad, has filed a draft red herring prospectus with SEBI to launch an IPO.
This IPO will include a fresh share sale of up to ₹250 crore and an offer for sale of 11.84 million shares by the promoters, Ashish Agarwal and Seema Agarwal.
The funds raised will be used for working capital, inventory, and general corporate purposes.
The IPO will reserve 50% for institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
Deepa Jewellers operates in several states and has a wide customer base, including major jewellery retailers.
The company's revenue and net profit have shown significant growth in recent years.
The shares will be listed on the BSE and NSE.
Deepa Jewellers has filed a draft red herring prospectus with SEBI for an IPO.
The IPO includes a fresh share sale of up to ₹250 crore and an offer for sale of 11.84 million shares by promoters.
Funds raised will be used for long-term working capital, inventory procurement, and general corporate purposes.
The IPO reserves 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
Deepa Jewellers operates in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala, with a customer base spanning 13 states and a union territory.
- Who
- Deepa Jewellers, a Hyderabad-based B2B designer, processor, and supplier of hallmarked gold jewellery
- What
- Filing of draft red herring prospectus (DHRP) with SEBI for an initial public offering (IPO)
- When
- Not specified
- Where
- Hyderabad, India
- Why
- To raise funds for long-term working capital needs, inventory procurement, and general corporate purposes
- Company
- Deepa Jewellers
- IPO Type
- Mix of fresh share sale and offer for sale
- Fresh Share Sale
- ₹250 crore
- Offer for Sale
- 11.84 million shares by promoters
- Promoters Selling Shares
- Ashish Agarwal and Seema Agarwal
- Fund Usage
- Long-term working capital, inventory procurement, and general corporate purposes
- IPO Reservation
- 50% for QIBs, 15% for NIIs, 35% for retail investors
- Operational Areas
- Telangana, Karnataka, Andhra Pradesh, Tamil Nadu, Kerala
- Customer Network
- 13 states and 1 union territory, 315 customers
- Revenue (FY25)
- ₹1,397 crore
- Net Profit (FY25)
- ₹40.5 crore
- Lead Managers
- Emkay Global Financial Services, Valmiki Leela Capital
- Registrar
- Bigshare Services Private Limited
- Listing Exchanges
- BSE and NSE
