According to reports from The Economic Times and The Hindu BusinessLine, Valmiki Leela Capital has established a ₹3,000 crore IPO pipeline for the next 12-18 months across multiple sectors. The SEBI-registered Category I merchant banker is working on proposed IPOs across renewable energy, power infrastructure, pharmaceuticals, packaging and fast-moving electrical goods. Issues worth around ₹1,500 crore are currently being evaluated in the renewable energy and power sectors, with the proposed IPOs remaining subject to regulatory approvals, market conditions and individual companies' timelines.
As reported by The Economic Times and The Hindu BusinessLine, Valmiki Leela Capital successfully completed its maiden mainboard mandate with the ₹460-crore public issue of Deepa Jewellers. The IPO was subscribed 43.40 times overall, with the non-institutional investor portion achieving 109.04 times subscription. The qualified institutional buyer and retail portions were subscribed 36.73 times and 19.09 times respectively. Deepa Jewellers shares debuted at ₹221 on stock exchanges, representing a 24.86% premium to the issue price of ₹177. Valmiki Leela Capital acted as book-running lead manager to the Deepa Jewellers IPO, demonstrating its growing capabilities in managing complex public offerings.
According to The Economic Times, the IPO's anchor book saw participation from institutional investors including Motilal Oswal, WhiteOak Capital, Nomura, Citi, Alchemy Capital, UNIFI and Girik Capital. Deepa Jewellers, an organized business-to-business 22-karat gold jewellery platform established in 2016 and based in Hyderabad, serves 373 customers across 13 states and one Union Territory, operating an asset-light model supported by an outsourced manufacturing network of 41 skilled karigars.
As reported by The Economic Times and The Hindu BusinessLine, Sandeep Gupta, director of Valmiki Leela Capital, stated that completing the maiden mainboard IPO mandate establishes an important operating base for the investment-banking business. With a pipeline of approximately ₹3,000 crore, the focus is now on preparing issuers for the standards of governance, disclosure and execution demanded by public markets. The merchant banker's pipeline reflects growing interest among manufacturing, infrastructure and consumer businesses in accessing public capital. Pankaj Agrawal, director of Valmiki Leela Capital, noted that the next set of public-market candidates is emerging across manufacturing, energy infrastructure and domestic consumption, with opportunities for merchant bankers to help companies translate their operating record, governance standards and proposed use of capital into investment cases for public-market investors.
