New Delhi, Sept. 1 -- The initial public offering (IPO) of business-to-business (B2B) jewellery company, Deepa Jewellers, opens today, i.e., Tuesday, 1 September, and will remain open until Thursday, 3 September.

The Rs.459.72 crore book-build issue combines a fresh issue of about 1.41 crore shares to raise Rs.250 crore and offer for sale (OFS) of 1.18 crore shares for Rs.209.72 crore.

The company intends to use the net proceeds from the fresh issue of shares to meet long-term working capital requirements towards procurement, maintenance and scaling up of inventory, and for general corporate purposes.

The price band of the issue has been fixed at Rs.168 to Rs.177 per share. As the Deepa Jewellers IPO subscription window will close on T...