Deepa Jewellers, one of the leading manufacturers of gold Jewellery, submitted its DRHP with SEBI to raise funds via an Initial Public Offering (IPO).
As per the DRHP filed on Monday, this IPO consists of a combination of both the fresh issue of ₹250 crore and an offer for sale of 11,848,340 shares by promoters Ashish Agarwal and Seema Agarwal.
The proceeds of ₹215 crore raised from the fresh issue will be used towards working capital needs, including buying, maintaining, and expanding inventory. Lastly, the remaining funds will be used for the company’s general corporate purposes.
Deepa Jewellers, founded in 2016, is involved in the design, processing, and supply of hallmarked gold jewellery supported by a network of 40 karigars. Its product portfolio consists of 14 products and 76 SKUs as of November 30, 2025. Along with gold, the company also engaged in the trading of silver ornaments, as well as 18- and 20-karat gold ornaments, precious stones, and gold bullion.
The company has a client base of 315 customers across 13 states and 1 union territory in India. Moreover, the company has established long-term relationships with leading jewellery retail chains, including Joyalukkas, Kalyan Jewellers, Lalithaa Jewellery, Chandana Brothers, and many more.
In FY25, the company generated a revenue of ₹1,397 crore and a net profit of ₹40.5 crore.
The book-running lead managers of the issue are Emkay Global Financial Services and Valmiki Leela Capital. While Bigshare Services is the registrar of the issue.
The Equity Shares are proposed to be listed on the BSE Limited and NSE Limited.
Deepa Jewellers IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Deepa Jewellers Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹921.71 | ₹892.15 | ₹22.02 |
| 2024 | ₹1025.73 | ₹993.05 | ₹24.35 |
| 2025 | ₹1400.10 | ₹1345.63 | ₹40.58 |
| September 2025 | ₹812.25 | ₹747.16 | ₹48.62 |
Deepa Jewellers IPO Valuation – FY2025
Deepa Jewellers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.95 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 35.95% |
| Net Asset Value (NAV): | ₹16.25 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Sky Gold and Diamonds Limited | 7.18 | 36.89 | 24.41% | 42.76 | 2,924.93 Cr. |
| Shanti Gold International Limited | 7.75 | 27.62 | 44.85% | 21.13 | 1,106.41 Cr. |
| Shringar House of Mangalsutra Limited | 6.34 | 28.28 | 36.20% | 20.83 | 1,429.82 Cr. |
| RBZ Jewellers Ltd | 9.70 | 13.81 | 17.15% | 61.26 | 530.15 Cr. |
Objects of the Issue
- Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by our Company; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Emkay Global Financial Services Limited
- Valmiki Leela Capital Private Limited
