National News
Jos Alukkas Honoured as IIJS ICON at IIJS Tritiya 2025
India International Jewellery Show (IIJS Tritiya 2025), India’s third-largest and most prestigious gem and jewellery exhibition, honoured Jos Alukkas as an IIJS ICON, recognizing its outstanding contribution to the industry.
At the IIJS Celebration Night, hosted by the Gem and Jewellery Export Promotion Council (GJEPC), Managing Directors Varghese Alukkas, Paul J Alukkas, and John Alukkas received a prestigious token of appreciation on behalf of Jos Alukkas. The event recognized 17 top jewellery retailers across India for their leadership, innovation, and commitment to excellence in the industry.
Dignitaries present at the grand occasion included Sabyasachi Ray, Executive Director, GJEPC, Nirav Bhansali, Convener – National Events, GJEPC, Kirit Bhansali, Chairman, GJEPC, Mansukh Kothari, Co-Convener, Gold Panel, GJEPC, K Srinivasan, Convener, Gold Panel, GJEPC, and Jayanti Savaliya, Regional Chairman – Gujarat, GJEPC.
With this recognition, Jos Alukkas further strengthens its legacy of trust, innovation, and craftsmanship, inspiring the future of the jewellery industry.
National News
Deepa Jewellers Lists At Rs 221, A 25% Premium
The Offer Was Subscribed 42.61 Times, Led By Non-Institutional Investors (105.96x), Qualified Institutional Buyers (37x), and Retail Investors (18.55x)
Shares of Hyderabad-based Deepa Jewellers made a strong stock market debut on Sept. 8, listing at a nearly 25% premium to their issue price following high demand for its Rs 459.72-crore ($55 million) initial public offering.
The stock opened at Rs 221 on the National Stock Exchange (NSE) and Rs 221.05 on the BSE, compared to the offer price of Rs 177.
Oversubscribed: The offer was subscribed 42.61 times, led by non-institutional investors (105.96x), qualified institutional buyers (37x), and retail investors (18.55x).
Capital Deployment: Proceeds from the Rs 250-crore fresh issue component will primarily fund long-term working capital (Rs 215 crore) to scale inventory. The IPO also included an offer for sale worth Rs 209.72 crore.
Financials: The B2B 22-carat gold jewellery supplier reported FY26 revenue of Rs 1,926.68 crore, up from Rs 1,397.01 crore in FY25. Net profit surged 158% year-on-year to Rs 104.79 crore.
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