Lalithaa Jewellery Mart News, Photo, Video and Current Affairs

Deepa Jewellers Limited (the “Company”) has fixed the price band of Rs 168/- to Rs 177/- per Equity Share of face value Rs 2 each (“Equity Shares”) for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, September 01, 2026, for subscription and close on Thursday, September, 03, 2026. Investors can bid for a minimum of 84 Equity Shares and in multiples of 84 Equity Shares thereafter. As on the date, there is outstanding of 82,000,000 Equity Shares. The Offer comprises a fresh issue of up to Rs 2,500.00 million and an offer-for-sale for up to 11,848,340 Equity Shares by the Promoter Selling Shareholders, comprising up to 5,924,170 Equity Shares by Ashish Agarwal and 5,924,170 Equity Shares by Seema Agarwal. The proceeds from its fresh issuance worth Rs 2,500.00 million will be utilised for funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company, general corporate purposes and Offer Expenses. The Offer is being made through the book-building process, in compliance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), wherein not more than 50% of the Offer shall be available for allocation to qualified institutional buyers (“QIBs”), not less than 15% of the Offer shall be available for allocation to non-institutional bidders (NIIs), and not less than 35% of the Offer shall be available for allocation to retail individual bidders (RIIs). Incorporated in 2016, the Company is an organized B2B designer, processor and supplier of hallmarked gold jewellery, primarily having operations in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. According to a CRISIL Report, the Company is one of the key processors and suppliers of vaddanam and CNC machine cut bangles, distributing to jewellery retail chains and standalone stores. The Company is an organized business-to-business (B2B) company, engaged in designing, getting its jewellery manufactured, and supplying gold jewellery to other businesses such as retail chains and standalone stores, rather than selling directly to end customers. It is engaged in the business of processing and supplying 22 karat gold jewellery, job-work services and trading of jewellery and related products. The Company designs, processes and sells a wide range of hallmarked plain gold and precious stone studded jewellery. Its products primarily include vaddanam (waist belt), CNC machine cut bangles, gents kada, vanky (armlet), dandpatti (bajuband), gundlamala haaram (traditional neck piece), gundlamala necklace, kangan, earring, mangtika (forehead pendant), maatil (ear chain), champasaralu (ear-to-hair chain), jada (braid ornament), rings, bracelets and precious rings. In addition to its core jewellery processing operations, the Company also undertakes job work assignments, wherein it receives raw material from its customers, which it processes and delivers finished ornaments to them. Furthermore, the Company is also engaged in the trading of silver ornaments, 18 and 20-karat gold ornaments, precious stones and gold bullion. As on July 31, 2026, the Company has a product portfolio of 16 products and 110 SKUs across our product categories. As of July 31, 2026, its customer network spans across 13 states and 1 union territory in India with a total customer base of 373 customers, comprising of 47 jewellery retail chains and 326 standalone stores. The Company’s team of creative designers allows it to manage a large and wide portfolio of designs. With a diverse product portfolio and team of creative designers, the Company has established a long-standing relationship with jewellery retail chains and standalone stores including, Joyalukkas India Limited, Kalyan Jewellers India Limited and Lalithaa Jewellery Mart Limited, among others. The Company has implemented a quality control and assurance framework to maintain the consistent standards of craftsmanship and product integrity. Further, as a part of its marketing initiatives, the Company regularly participates in B2B exhibitions to broaden its brand exposure, visibility and awareness, and to promote its brand and specific product collections. The Company also uses a third-party mobile application, “Deepa Jewellers Limited” to enhance its brand visibility, disseminate information and display product collections, which was commissioned by it on June 25, 2021. The Company’s revenue from operations was Rs 19,266.76 million during FY26 as against Rs 10,245.68 million during FY24. Its profit after tax was Rs 1,047.88 million during FY26 as against Rs 243.47 million during FY24. Emkay Global Financial Services Limited and Valmiki Leela Capital Private Limited are the book running lead managers to the Offer (“BRLMs”), and Bigshare Services Private Limited is the registrar to the Offer (“RTA”). The shares are proposed to be listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE and together with BSE, the “Stock Exchanges”).

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