Deepa Jewellers Limited

Deepa Jewellers Limited is an established business-to-business jewellery firm specialized in the design, processing, and distribution of 22-karat hallmarked gold and diamond ornaments. The company manufactures a broad array of products, including traditional South Indian bridal items such as waist belts (vaddanam), gundlamala haaram, and armlets, alongside modern CNC machine-crafted bangles, chains, earrings, and rings. Incorporated in 2016 and headquartered in Hyderabad, Telangana, the issuer operates as a B2B vendor supplying prominent national retail jewellery chains including Joyalukkas, Kalyan Jewellers, and Lalithaa Jewellery, as well as an extensive network of independent retail jewellers across 13 states and 1 union territory in India. The company employs a capital-efficient operational model that combines specialized in-house processing facilities in Hyderabad with a vetted artisan manufacturing network. All products undergo strict quality checks, including mandatory BIS hallmarking and internal fire assay testing to verify metal purity and meet industry standards.

Deepa Jewellers Limited allocated 77,91,789 equity shares to anchor investors at the upper price band of Rs 177 per share, raising Rs 137.91 crore ahead of the public issue opening.