IPO
Deepa Jewellers’ Rs.460-Cr IPO subscribed 43.37 times
Hyderabad-based Deepa Jewellers ’ initial public offering (IPO) was subscribed 43.37 times. The Non-Institutional Investor (NII) category recorded 109.02 times subscription, while the Qualified Institutional Buyer (QIB) portion was subscribed 36.73 times. The individual investor category achieved 19.03 times subscription.The IPO consisted of a fresh issue of shares aggregating up to INR 250 Cr and an offer for sale of shares totalling INR 209.72 Cr. Emkay Global Financial Services acted as the lead manager for the transaction.Deepa Jewellers is a B2B (business-to-business) designer and supplier of hallmarked gold jewellery in southern India. It plans to use the funds raised from the fresh issue for general corporate purposes and business expansion.
For FY25, Deepa Jewellers had reported about INR 1,397 Cr in Operating Income and about INR 41 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
