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Telangana Jewellery Maker Moves Closer to Public Listing with Fresh Issue
Deepa Jewellers has filed IPO papers for a Rs 250 crore fresh issue, aiming to fund expansion, meet working capital needs, and tap rising demand for organised jewellery in regional and urban markets.
Deepa Jewellers, a Telangana-based jewellery manufacturer and retailer, has filed draft IPO papers with the capital markets regulator to raise funds through a fresh issue worth Rs 250 crore. The company plans to use the proceeds to support working capital needs, expand its retail footprint, and strengthen manufacturing capabilities as organised jewellery demand continues to grow across regional markets.