Deepa Jewellers, Horizon Industrial Parks file DRHPs with SEBI for IPOs

B2B gold jewellery designer and supplier Deepa Jewellers and industrial and logistics infrastructure developer Horizon Industrial Parks have filed their draft red herring prospectuses (DRHPs) with market regulator Securities and Exchange Board of India (SEBI).

Shares of the two firms are likely to be listed on the National Stock Exchange (NSE) and the BSE (formerly the Bombay Stock Exchange).

Deepa Jewellers IPO

The initial share sale is a mix of fresh issuance of shares aggregating to ₹250 crore and an offer for sale of 11,848,340 shares by promoters Ashish Agarwal and Seema Agarwal, according to the preliminary papers.

The objectives of the offer include funding long-term working capital needs towards procurement, maintenance and scaling up of inventory and general corporate purposes.

Deepa Jewellers is an organised business-to-business designer, processor and supplier of hallmarked gold jewellery. It primarily operates in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.

According to the CRISIL Report, it is one of the key processors and suppliers of vaddanam (or oddiyanam) and machine-cut bangles, distributing to jewellery retail chains and standalone stores. As of November 2025, it has a product portfolio of 14 products and 76 stock keeping units (SKUs).

Horizon Industrial Parks IPO

The ₹2,600 crore IPO of Horizon Industrial Parks Ltd, which is backed by global private equity firm Blackstone, is exclusively a fresh issuance of equity shares without OFS component.

As per the DRHP, the money generated will be used for repayment of borrowings availed by the company and certain wholly-owned subsidiaries. A part will also be utilised for general corporate purposes.

Ahead of the IPO, the company has already raised nearly USD 200 million in a pre-IPO round, with participation from investors like SBI Life Insurance, 360 ONE, SBI, EAAA, Radhakishan Damani and DSP Investments.

Horizon Industrial Parks Ltd is an industrial and logistics infrastructure developer, owner and operator. Its pan-India portfolio of about 60 million square feet is spread across 45 assets in 10 cities.