Deepa Jewellers IPO - Listing Performance & Details

Deepa Jewellers Limited was incorporated on May 5, 2016 and is headquartered in Hyderabad. It works in the gold jewellery sector.

The company operates as an organised business-to-business (B2B) designer, processor and supplier of hallmarked gold jewellery, with operations across Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. It designs, processes and sells jewellery including rings, necklaces, earrings and bangles, largely through an outsourced manufacturing model supported by a network of 40 karigars, 24 of whom have worked with the company for over five years. To reduce dependence on external karigars, the company is setting up a 6,696 sq ft in-house manufacturing facility at its Hyderabad headquarters, fitted with 3D wax printers, vacuum pressure casting machines and induction melting furnaces. The company is led by Ashish Agarwal as Chairman and Managing Director, with Dev Agarwal as Whole-time Director and Seema Agarwal as a promoter.

As per the DRHP, revenue from operations was Rs 139.70 crore in FY25, while profit after tax rose to Rs 40.58 crore in FY25 from Rs 22.02 crore in FY23, and stood at Rs 48.62 crore for the six months ended September 30, 2025. This is a mainboard IPO comprising a fresh issue of equity shares of face value Rs 2 each aggregating up to Rs 250 crore, along with an offer for sale of up to 1.18 crore shares by promoters Ashish Agarwal and Seema Agarwal, each selling up to 59.24 lakh shares, proposed to be listed on the NSE and BSE. Of the fresh issue proceeds, Rs 215 crore is earmarked for long-term working capital requirements toward procurement, maintenance and scaling up of jewellery inventory, with the balance for general corporate purposes.