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Vummidi Bangaru Jewellers Partners with Ignition presented by Shiv Nadar Foundation, Chennai Edition

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Vummidi Bangaru Jewellers (VBJ Since 1900), India’s most trusted heirloom jewellery brand joined hands with Ignition presented by Shiv Nadar foundation, Chennai edition, a stage that united young professionals, like-minded individuals from varied disciplines. Ignition is a platform created and curated by the award-winning journalist Shoma Chaudhury under the umbrella of her company Lucid Lines Productions, to deepen public discourse. The event took place at ITC Grand Chola and was attended by over 500 powerful voices from the city.

Speaking about the association, Amarendran Vummidi, Managing Partner, VBJ Since 1900, said, “We are proud to be associated with Ignition presented by Shiv Nadar foundation, Chennai edition as we share similar principles and ideologies. Ignition presented by Shiv Nadar foundation, Chennai edition celebrates accomplishments and encourages younger generation. These healthy conversations truly ignite the minds and promotes diverse thinking amongst the youth. As a 125-year-old brand, we have the responsibility towards the society, and this is one small step towards that direction.” 

Adding a rich cultural layer to this event, VBJ Since 1900 showcased a curated selection of its heritage and contemporary jewellery through a specially designed display panel at the venue. 

Hosted by veteran journalist, Shoma Chaudhury, the event brought together India’s most influential minds — Sanjaya Baru (Policy Analyst and Author), Dr. Ambrish Mithal (Padma Bhushan awardee), D.P. Srivastava (former Ambassador to Iran), Kabir Taneja (Strategic Affairs Expert), and Wellness Advisor Richa Gangani offered a compelling exchange of ideas.

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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)

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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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