Deepa Jewellers secures SEBI nod for IPO with ₹250 cr fresh issue and OFS

Hyderabad-based B2B gold jewellery processor Deepa Jewellers cleared by SEBI for IPO featuring ₹250 cr fresh issue plus 1.18 cr-share OFS. Supplies vaddanam and CNC bangles to 315 customers across 13 states through outsourced karigar model serving 43 retail chains and 272 standalone stores.

— Source publishedFri, 22 May, 2026, 20:25 IST·First seen Fri, 22 May, 2026, 20:44 IST·Source The Hindu BusinessLine

What happened

Hyderabad-based B2B gold jewellery processor Deepa Jewellers got SEBI nod for IPO comprising ₹250 crore fresh issue and 1.18 crore share OFS by promoters.

Key facts

  • ₹250 crore fresh issue
  • 1.18 crore OFS shares
  • 40 karigars
  • 315 customers
  • 43 retail chains
  • 272 standalone stores
  • 76 SKUs

Why this matters

Deepa's listing creates a benchmark valuation for B2B jewellery processors and signals consolidation opportunities among the 272 standalone stores in its supply network.