Deepa Jewellers IPO
Live MainboardAlready have an account? Apply now
Deepa Jewellers IPO details
Schedule of Deepa Jewellers
| Issue open date | 01 Sep 2026 |
| Issue close date | 03 Sep 2026 |
| UPI mandate deadline | 03 Sep 2026 (5 PM) |
| Allotment finalization | 04 Sep 2026 |
| Refund initiation | 07 Sep 2026 |
| Share credit | 07 Sep 2026 |
| Listing date | 08 Sep 2026 |
| Mandate end date | 18 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 03 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 02 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Deepa Jewellers
Deepa Jewellers operates in the business-to-business gems and jewellery sector, focusing on the sale of products like vaddanam and CNC machine-cut bangles to retail chains and standalone stores. The company generates the majority of its revenue from operations in Southern India, specifically within Telangana, Andhra Pradesh, and Tamil Nadu. Along with its primary offerings, the product portfolio includes traditional neck pieces, armlets, earrings, rings, precious stones, pearls, and gold bullion. Currently, production is fully outsourced to third-party karigars who craft the ornaments according to company specifications. To scale capacity and improve operational efficiencies, the company is in the process of transitioning to a new in-house manufacturing facility located in Hyderabad. Revenue is derived directly from wholesale transactions with jewellery retailers, supported by targeted marketing and flexible take-back arrangements for unsold inventory.
Financials of Deepa Jewellers
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 459.72 |
| Fresh Issue – Proceeds go to the company | 250 |
| Offer for sale – Proceeds go to the existing investors | 209.72 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory | 215 (86%) |
| General corporate purposes | 35 (14%) |
Strengths
- Strong B2B focus with diverse products like vaddanam and bangles.
- Asset-light model with 100% manufacturing outsourced to third-party karigars.
- Established and significant market presence across Southern India.
- Strong financial performance with PAT CAGR of 107.46% (FY24-FY26).
- Stringent quality controls, including BIS hallmarking and fire assaying
Risks
- High customer concentration, with the top 10 contributing 64.67% of revenue.
- Heavy regional reliance on Southern India exposes the business to local risks.
- Complete dependence on third-party karigars creates supply and quality risks.
- Significant supplier concentration, with the top 10 providing 91.81% of purchases.
- History of negative operating cash flows in Fiscal 2025 and 2026.