BSE List Price : ₹221.05

NSE List Price : ₹221.00

subscription

Category	Times
QIBs	36.73x
HNIs	109.04x
Retail	10.79x
Total : 42.61x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	84	₹14,868
Retail Maximum	13	1,092	₹193,284
S-HNI Minimum	14	1,176	₹208,152
S-HNI Maximum	67	5,628	₹996,156
B-HNI Minimum	68	5,712	₹1,011,024

About the Company

Incorporated in 2016, Deepa Jewellers Ltd. is engaged in the retail and wholesale trading of gold and diamond jewellery, offering a range of traditional as well as contemporary designs. Its product range includes rings, necklaces, earrings, bangles, and customised jewellery. The company has a diversified product portfolio comprising vaddanam, CNC machine-cut bangles, gents kada, vanky, dandpatti, gundlamala haaram, gundlamala necklace, kangan, earrings, mangtika, maatil, champasaralu, jada, and rings. Deepa Jewellers places emphasis on product purity, transparent pricing, and building customer trust. The company operates through physical stores and distribution channels and also utilises a third-party mobile application, “Deepa Jewellers Limited,” which was commissioned on June 25, 2021, to showcase its jewellery designs and strengthen brand visibility. As of July 31, 2026, the company had a customer network spread across 13 states and 1 Union Territory, comprising 373 customers, including 47 jewellery retail chains and 326 standalone stores. The company offered 16 products and 110 SKUs across its various product categories.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹1025.73	₹993.05	₹24.35	₹174.64
2025	₹1400.10	₹1345.63	₹40.58	₹217.67
2026	₹1927.73	₹1787.39	₹104.79	₹357.18

Company Promoter

Ashish Agarwal

Seema Agarwal

Dev Agarwal

Know before investing

• • Strengths

  The company has a well-established presence in Southern India, which forms a significant part of its business operations and revenue contribution. Deepa Jewellers has developed long-standing relationships with jewellery retail chains and standalone stores. Its customer base is spread across 13 states and one Union Territory and comprises 373 customers. The company offers a broad and diversified range of jewellery products in various designs and weight categories. It has specialised expertise in vaddanam and CNC machine-cut bangles and offers 16 products across 110 SKUs.

• • Risks

  The company has a high concentration of revenue among its key customers. Its top 10 customers contributed ?12,460.30 million, ?8,839.29 million and ?6,901.89 million, accounting for 64.67%, 63.27% and 67.36% of revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Any decline in business from, or loss of, these customers could have a material adverse impact on the company’s business and financial performance. The company is significantly dependent on certain key products, particularly vaddanam and CNC machine-cut bangles, which contribute a substantial share of its revenue. Vaddanam generated revenue of ?8,062.41 million, ?4,830.59 million and ?3,755.56 million, representing 41.85%, 34.58% and 36.66% of revenue in Fiscals 2026, 2025 and 2024, respectively. CNC machine-cut bangles contributed ?5,948.53 million, ?5,842.21 million and ?4,075.94 million, accounting for 30.87%, 41.82% and 39.78%, respectively. The company’s operations and revenue are substantially concentrated in Southern India. Revenue generated from the region stood at ?18,181.87 million, ?13,738.07 million and ?10,199.85 million, contributing 94.37%, 98.33% and 99.55% of total revenue in Fiscals 2026, 2025 and 2024, respectively. Any unfavourable developments affecting the region could adversely impact the company’s business and financial performance.

Objects of the Issue & Utilisation of proceeds

Funding the Company’s long-term working capital requirements for procurement, maintenance, and expansion of inventorGeneral corporate purposes                                                                                            |

Company  Address

Deepa Jewellers Ltd.
Ground floor and first floor,
door no. 3- 6-343 & 344,
Basheerbagh, Himayathnagar,
Hyderabad, Telangana, 500029
Phone: + 91 76809 62117
E-mail: cs@deepajewel.com
Website: www.deepajewel.com

IPO Registrar

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Phone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
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