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Upcoming IPO: Hyderabad-based Deepa Jewellers files DHRP with Sebi for IPO — Check key details

Hyderabad-based Deepa Jewellers has filed a draft red herring prospectus with SEBI for an initial public offering (IPO) aimed at raising up to ₹250 crore. The IPO consists of a fresh share issue and an offer for sale of nearly 11.84 million shares by its promoters, Ashish and Seema Agarwal, with proceeds earmarked for long-term working capital and inventory scaling.

Upcoming IPO: Hyderabad-based Deepa Jewellers files DHRP with Sebi for IPO — Check key details

Credit: Livemint

Key Highlights

  • Deepa Jewellers aims to raise ₹250 crore through its IPO.
  • The IPO includes a fresh share issue and an offer for sale by promoters.
  • Proceeds will fund long-term working capital and inventory needs.
  • The IPO will be conducted via a book-building process.
  • Up to 50% of the offer is reserved for qualified institutional buyers.
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Sources

  1. Deepa Jewellers Files IPO Papers With SEBI; Aims To Raise Rs 250 Crore Via Fresh Issue
  2. Upcoming IPO: Hyderabad-based Deepa Jewellers files DHRP with Sebi for IPO — Check key details

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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