Hyderabad-based Deepa Jewellers has filed preliminary papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The company plans to raise approximately Rs 250 crore through a fresh issue of shares, with proceeds intended for long-term working capital and general corporate purposes. The IPO also includes an offer for sale of over 11.8 million shares by promoters Ashish and Seema Agarwal. Deepa Jewellers operates as a B2B designer, processor, and supplier of hallmarked gold jewellery across several southern Indian states.