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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, the company said. The proposed IPOs remain subject to regulatory approvals, market conditions and individual companies’ timelines. Valmiki Leela Capital acted as book-running lead manager to the Deepa Jewellers IPO, which was subscribed 43.40 times overall. The non-institutional investor portion was subscribed 109.04 times, while the qualified institutional buyer and retail portions were subscribed 36.73 times and 19.09 times, respectively. Shares of Deepa Jewellers debuted at ₹221 on the stock exchanges, a 24.86% premium to the issue price of ₹177. The IPO's anchor book saw participation from institutional investors including Motilal Oswal, WhiteOak Capital, 360 ONE, Nomura, Citi, Alchemy Capital, UNIFI and Girik Capital. Deepa Jewellers, an organised 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. The company has a strong presence in South India and operates an asset-light model supported by an outsourced manufacturing network of 41 skilled karigars. “Completing our maiden mainboard IPO mandate establishes an important operating base for Valmiki Leela Capital’s investment-banking business. With a pipeline of approximately ₹3,000 crore, our focus is now on preparing issuers for the standards of governance, disclosure and execution demanded by public markets,” said Sandeep Gupta, director, Valmiki Leela Capital. The merchant banker said its pipeline reflects growing interest among manufacturing, infrastructure and consumer businesses in accessing public capital. “The next set of public-market candidates is emerging across manufacturing, energy infrastructure and domestic consumption. The opportunity for merchant bankers is to help these companies translate their operating record, governance standards and proposed use of capital into an investment case that public-market investors can properly assess,” said Pankaj Agrawal, director, Valmiki Leela Capital. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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