365telugu.com online news,Hyderabad, December 31st,2025: Deepa Jewellers, a prominent B2B gold jewellery processor based in Hyderabad, has formally initiated its public listing process by filing a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
The proposed Initial Public Offering (IPO) features a face value of ₹2 per share. The offering is structured as a combination of a fresh issue valued at up to ₹250 crore and an Offer for Sale (OFS) of 11,848,340 equity shares by the company’s promoters, Ashish Agarwal and Seema Agarwal.
Utilization of Funds
The company intends to deploy approximately ₹215 crore from the fresh issuance toward:
Inventory Management: Funding long-term working capital for the procurement and scaling of gold inventory.
Corporate Growth: General corporate purposes to support expanding operations.
Business Profile and Market Presence
Founded in 2016, Deepa Jewellers operates as an organized designer and supplier of hallmarked gold ornaments. While its primary footprint covers South India-specifically Telangana, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala-its distribution network now reaches 13 states and one Union Territory.
According to CRISIL data, the firm has carved out a niche as a leading supplier of vaddanam (waist belts) and CNC machine-cut bangles. Its business model relies on an outsourced manufacturing framework supported by a network of 40 specialized karigars (artisans).
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Beyond its own product lines, the company provides:
Job Work Services: Processing raw materials provided by clients into finished ornaments.
Trading Operations: Dealing in silver jewellery, 18-karat and 20-karat gold, precious stones, and gold bullion.
Financial Performance and Clientele
Deepa Jewellers has reported significant growth in its financial metrics:
H1 FY26 (Ended Sept 2025): Revenue of ₹812 crore with a net profit of ₹48.6 crore.
FY25 vs FY23: Revenue jumped to ₹1,397 crore in FY25, up from ₹921 crore in FY23. Net profit nearly doubled in that period, rising from ₹22 crore to ₹40.5 crore.
The company serves a total of 315 customers, including 43 major retail chains such as Joyalukkas, Kalyan Jewellers, and Lalithaa Jewellery Mart.
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IPO Structure and Management
The issue will be conducted through a book-building process with the following allocations:
QIBs: Up to 50%
Non-Institutional Investors: At least 15%
Retail Investors: At least 35%
Emkay Global Financial Services and Valmiki Leela Capital are serving as the book-running lead managers, while Bigshare Services Private Limited has been appointed as the registrar. The equity shares are slated for listing on both the BSE and NSE.