Deepa Jewellers has secured final approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The Hyderabad-based company’s IPO will comprise a fresh issue of up to ₹250 crore, alongside an offer-for-sale of approximately 1.18 crore shares by its promoters, Ashish Agarwal and Seema Agarwal.
Founded in 2016, Deepa Jewellers operates as an organised B2B designer, processor, and supplier of hallmarked gold jewellery, with a strong presence in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala. According to a report by Crisil, the firm ranks among the key processors and suppliers of vaddanam and CNC machine-cut bangles, serving jewellery retail chains and standalone stores.
The company specializes in the processing of 22-karat gold jewellery and offers job-work services, alongside trading in jewellery and related products. Its diverse product line includes hallmarked plain gold and precious stone-studded jewellery, predominantly managed through an outsourced manufacturing model with support from a network of 40 karigars.
Deepa Jewellers’ product offerings encompass vaddanam (waist belt), CNC machine-cut bangles, gents kada, vanki (armlet), dandpatti (bajuband), gundlamala haaram (traditional neckpiece), gundlamala necklace, kangan, earrings, mangtika (forehead pendant), maatil (ear chain), champasaralu (ear-to-hair chain), jada (braid ornament), and rings.
In addition to its primary jewellery processing activities, the company undertakes job work assignments where it processes raw materials from clients and delivers finished products. Furthermore, it is involved in trading silver ornaments, as well as 18 and 20-karat gold ornaments, precious stones, and gold bullion.
Deepa Jewellers boasts a portfolio of 14 product categories and 76 SKUs. As of November 30, 2025, the company serves a clientele of 315 customers, encompassing 13 states and one union territory, which includes 43 jewellery retail chains and 272 standalone outlets.
The announcement was published on May 22, 2026.
