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Learn about Deepa Jewellers Limited’s Draft Red Herring Prospectus (DRHP) filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.
Deepa Jewellers Limited has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering.
The DRHP outlines the company’s jewellery manufacturing and retail business profile, operational strengths, financial performance, and the broad structure of the proposed public issue.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Deepa Jewellers Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI in December 2025, marking the formal initiation of its IPO process. The filing is currently under regulatory review. Following SEBI observations and approvals, the company is expected to file the Red Herring Prospectus (RHP), after which the issue price band and IPO dates will be announced.
Subject to regulatory approvals, the equity shares are proposed to be listed on BSE and NSE.
The DRHP proposes a fresh issue of equity shares aggregating up to ₹250 crore and an OFS component (number of shares and value disclosed in the DRHP). Final numbers will be confirmed in the RHP.
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue of Equity Shares + Offer for Sale (OFS) |
Face Value |
To be disclosed in RHP |
Issue Size |
Fresh issue up to ₹250 crore |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
IPO Structure |
Mainboard IPO (Book-built issue) |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Deepa Jewellers Limited operates in the jewellery manufacturing and retail segment, catering to India’s growing jewellery and precious metals market. The company is engaged in the manufacturing and retailing of:
Gold jewellery
Diamond jewellery
Gemstone jewellery
Other precious metal ornaments
The company operates retail jewellery stores across multiple cities and regions, offering diverse jewellery collections across various price points. Deepa Jewellers maintains in-house jewellery manufacturing facilities supported by skilled craftsmen, design capabilities, and quality assurance infrastructure.
Its operations are supported by:
Hallmarking and jewellery industry certifications
Strong supplier relationships for precious metals and gemstones
Inventory management systems
Modern retail formats with trained sales staff
The company’s business model focuses on design innovation, retail customer experience, product quality, and omnichannel expansion, including digital and e-commerce initiatives.
According to the DRHP, the proceeds from the fresh issue are proposed to be utilised towards strengthening operational capabilities and supporting business expansion. The broad objectives include:
| Fund Allocation | Purpose |
|---|---|
Working Capital & Inventory |
Procurement of gold, precious metals, and jewellery inventory |
Manufacturing / Processing |
Expansion and upgradation of jewellery processing facilities |
Technology & Systems |
IT systems, ERP, and inventory management |
Debt Repayment |
Partial repayment to optimise capital structure |
General Corporate Purposes |
Administrative and strategic flexibility |
These objectives aim to expand retail presence, enhance manufacturing capabilities, strengthen digital channels, and support long-term growth in India’s organised jewellery market.
The DRHP provides an overview of Deepa Jewellers Limited’s recent financial performance. A simplified snapshot of key financial metrics is outlined below:
| Fiscal Year / Period | Revenue (₹ crore) | EBITDA (₹ crore) | Profit After Tax (₹ crore) |
|---|---|---|---|
FY24 |
1,024.57 |
35.77 |
24.35 |
FY25 |
1,397.01 |
56.01 |
40.58 |
H1 FY26 |
1,642.38 |
135.20 |
97.22 |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Date / Status | Details |
|---|---|---|
DRHP filed with SEBI |
December 2025 |
Formal initiation of IPO process |
SEBI observations |
Awaited |
Under regulatory review |
SEBI approval |
Awaited |
Approval required to proceed |
Red Herring Prospectus (RHP) |
To be announced |
Post SEBI approval |
IPO Opening Date |
To be announced |
Final dates awaited |
IPO Closing Date |
To be announced |
As per RHP |
Allotment Date |
To be announced |
Post IPO closure |
Credit to DEMAT |
To be announced |
Post allotment |
Listing on NSE/BSE |
To be announced |
After completion of formalities |
Note: Investors should refer to official filings for final IPO dates to learn more about Deepa Jewellers Limited IPO listing details and price, and listing timelines.
Check other upcoming ipo’s here : Upcoming IPO
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Deepa Jewellers Limited filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India on 29 December 2025, formally initiating the regulatory process for its initial public offering to raise up to ₹250 Crores.
The Deepa Jewellers Limited IPO is currently at the Draft Red Herring Prospectus review stage, with observations from the Securities and Exchange Board of India awaited before the company can proceed to the Red Herring Prospectus filing.
The Deepa Jewellers Limited IPO comprises a fresh issue of equity shares aggregating up to ₹250 Crores along with an offer for sale by existing shareholders, with final details to be disclosed in the Red Herring Prospectus.
Subject to regulatory approvals, Deepa Jewellers Limited equity shares are proposed to be listed on both the National Stock Exchange and the Bombay Stock Exchange.
Deepa Jewellers Limited proposes utilising fresh issue proceeds for expanding retail store network, augmenting inventory and working capital, enhancing manufacturing capacity, developing technology and e-commerce platforms, repaying partial debt, and general corporate purposes.
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