Deepa Jewellers Limited

Deepa Jewellers Limited (New IPO): GMP, Profit, Price & expert review

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Deepa Jewellers Limited is an organised B2B designer, processor and supplier of hallmarked gold jewellery, serving jewellery retail chains and standalone stores across southern India. It specialises in processing and supplying 22‑carat gold jewellery through an outsourced manufacturing network supported by around 40 karigars.

Its network expands to 315 customers comprising 43 jewellery retail chains and 272 standalone stores across 13 states and 1 union territory.
Deepa Jewellers designs, processes and supplies hallmarked 22‑carat gold jewellery to organised retailers through an outsourced manufacturing model and offers a wide product portfolio including vaddanam, bangles, necklaces, earrings, rings and more across 14 product categories.

Deepa Jewellers Limited has filed DRHP with SEBI for a proposed IPO consisting Fresh Issue of ₹ 250 Cr as Fresh issue & OFS of 11,848,340 Equity Shares.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 250 Cr + 11,848,340 Equity Shares
Fresh Issue:₹ 250 Cr
Offer for Sale:11,848,340 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

Deepa Jewellers Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 133.20 Cr
Revenue:₹ 1397.01 Cr
EBITDA₹ 56.01 Cr
PAT₹ 40.58 Cr
EBITDA Margin:~4.01%
PAT Margin~2.90%
Face Value:₹ 02

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Capital Expenditure~ ₹ 00 Cr
Working Capital Requirement~ ₹ 215 Cr
Borrowing prepayment/repayment~ ₹ 00 Cr
General Corporate PurposeBalance

Deepa Jewellers Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 921.3₹ 1,024.6₹ 1,397.0
PAT (₹ Cr)₹ 22.0₹ 24.3₹ 40.6
Asset (₹ Cr)₹ 152.8₹ 174.6₹ 217.7
Net Worth (₹ Cr)₹ 68.1₹ 92.6₹ 133.2

Deepa Jewellers Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
21-Mar₹ –₹ –₹ –
20-Mar₹ –₹ –₹ –
19-Mar₹ –₹ –₹ –
18-Mar₹ –₹ –₹ –
17-Mar₹ –₹ –₹ –
Deepa Jewellers Limited

Deepa Jewellers Limited IPO Pros & Cons

Strengths:

  • Strong B2B position in organised jewellery supply, tapping growing demand in India’s jewellery market.
  • Consistent revenue and profit growth in recent years pre‑IPO.
  • Diversified customer base across 13 states with established retail partners (e.g., Kalyan, Joyalukkas).
  • Asset‑light outsourced manufacturing model reduces fixed costs.
  • IPO funds focused on scaling inventory and working capital, potentially boosting growth.

Risks:

  • Jewellery industry is highly competitive with thin margins and cyclical demand.
  • Lack of wide direct retail presence, revenue depends on third‑party retail clients.
  • Gold price volatility can impact inventory costs and profitability (industry risk).
  • As a new public company, valuation and listing gains are uncertain.
  • IT/data system risks and dependence on vendors could affect operations.

Deepa Jewellers Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Ashish Agarwal~ 48.79%
Seema Agarwal~ 48.78%
Dev Agarwal~ 2.41%
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Deepa Jewellers Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Deepa Jewellers Limited

Lead / Book Running Lead ManagersEmkay Global Financial Services Limited, Valmiki Leela Capital Private Limited
Registrar (RTA)Bigshare Services Private Limited

Deepa Jewellers Limited FAQ

  • It is an organised B2B designer, processor and supplier of hallmarked 22‑carat gold jewellery, serving retail chains and stores across southern India.
  • Deepa Jewellers is raising funds via IPO to support long‑term working capital, inventory expansion and general corporate purposes.
  • The issue size of the IPO consists of a fresh issue worth ₹ 250 Cr + OFS of ~1.18 Cr equity shares. It will be listed on BSE and NSE platform.
  • Key risks include gold price volatility, reliance on jewellery retailers, inventory management challenges and intense industry competition.
  • Upsides include strong B2B niche positioning, diversified retail network, scalable outsourced model, and healthy revenue/profit growth.
  • Investors can apply through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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