Deepa Jewellers Hits IPO Milestone With Rs 2.5 Bn Fresh Issue And Shareholder OFS

Deepa Jewellers, incorporated in 2016 and operating from Hyderabad, Telangana, has taken a significant step toward public markets by submitting its draft red herring prospectus to SEBI. The IPO structure blends fresh capital raising with promoter divestment, positioning the company to fund expansion amid rising demand for branded jewellery. Key financials show authorised capital of Rs 200 lakhs and paid-up capital of Rs 200 lakhs as per recent records, with directors including Ashish Agarwal and Seema Agarwal steering operations.

Issue Highlights

• Fresh issue size up to Rs 2.5 billion (Rs 250 crore)
• ​Existing shareholders offloading up to 1.8 million shares
• ​Hyderabad based firm in jewellery manufacturing and wholesale
• ​Directors Ashish Agarwal, Seema Agarwal, Dev Agarwal

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Sources: MarketScreener, The Economic Times, Tofler