Deepa Jewellers IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Retail)
₹14,868
1 lot · 84 shares at the upper price band
Price band
₹177
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹459.72 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹177
- Issue size
- ₹459.72 Cr
- Lot size
- 84
- Opens
- 1 Sept 2026
- Closes
- 3 Sept 2026
- Allotment
- 4 Sept 2026
- Listing
- 8 Sept 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Bigshare Services Pvt.Ltd.
- Minimum investment
- ₹14,868 (1 lot · 84 shares)
- Face value
- ₹2 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Fresh issue
- ₹250 Cr
- Offer for sale
- ₹210 Cr
- Listing at
- BSE, NSE
- Refunds
- 7 Sept 2026
- Shares credited
- 7 Sept 2026
- Promoter holding
- 100% before · 72.98% after
- Lead managers
- Emkay Global Financial Services Ltd., Valmiki Leela Capital Pvt.Ltd.
Offer documents & links
Subscription by category
As of 3 Sept 2026, 1:24 pm.
Total subscription
30.38x
Full issue details
Details as published for this issue, read 11 Sept 2026, 4:57 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 1 to 3 Sep, 2026 |
|---|---|
| Listed on | Tue, Sep 8, 2026 |
| Face Value | ₹ 2 per share |
| Price Band | ₹168 to ₹177 |
| Issue Price | ₹177 per share |
| Lot Size | 84 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,59,72,633 shares (agg. up to ₹ 460 Cr) |
|---|---|
| Fresh Issue | 1,41,24,293 shares (agg. up to ₹ 250 Cr) |
| Offer for Sale | 1,18,48,340 shares of ₹ 2 (agg. up to ₹ 210 Cr) |
| Share Holding Pre Issue | 8,20,00,000 shares |
| Share Holding Post Issue | 9,61,24,293 shares |
| BSE Script Code / NSE Symbol | 544903 / DEEPA |
| ISIN | INE1M2N01020 |
IPO Timetable
- IPO Open
- Tue, Sep 1, 2026
- IPO Close
- Thu, Sep 3, 2026
- Allotment
- Fri, Sep 4, 2026
- Refund
- Mon, Sep 7, 2026
- Credit of Shares
- Mon, Sep 7, 2026
- Listing
- Tue, Sep 8, 2026
Issue Reservation
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 1,29,86,316 | 50.00% | NA |
| − Anchor Investor | 77,91,789 | 30.00% | NA |
| − QIB (Ex. Anchor) | 51,94,527 | 20.00% | NA |
| NII (HNI) | 38,95,895 | 15.00% | NA |
| − bNII > ₹10L | 25,97,264 | 10.00% | 2,208 |
| − sNII < ₹10L | 12,98,631 | 5.00% | 1,104 |
| Retail | 90,90,422 | 35.00% | 1,08,219 |
| Total | 2,59,72,633 | 100.00% | — |
Deepa Jewellers IPO comprises a total issue size of 2,59,72,633 shares. Out of which, 1,29,86,316 (50.00%) are allocated to QIB , 38,95,895 (15.00%) allocated to NII 90,90,422 (35.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 84 | ₹14,868 |
| Retail (Max) | 13 | 1092 | ₹1,93,284 |
| S-HNI (Min) | 14 | 1176 | ₹2,08,152 |
| S-HNI (Max) | 67 | 5628 | ₹9,96,156 |
| B-HNI (Min) | 68 | 5712 | ₹10,11,024 |
Investors can bid for a minimum of 84 shares and in multiples thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Mon, Aug 31, 2026 |
|---|---|
| Shares Offered | 77,91,789 |
| Anchor Portion (₹ Cr.) | 137.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 3, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 2, 2026 |
Deepa Jewellers IPO raises ₹ 137.91 crore from anchor investors . Deepa Jewellers IPO Anchor bid date is August 31, 2026 .
IPO Anchor Investors List
About Deepa Jewellers Ltd.
Incorporated in 2016, Deepa Jewellers Ltd. is engaged in the retail and wholesale trading of gold and diamond jewellery, offering a wide range of traditional and contemporary designs catering to diverse customer preferences. The company focuses on sourcing, designing, and selling jewellery products including rings, necklaces, earrings, bangles, and customized ornaments crafted with quality materials and skilled workmanship.
Product Portfolio: Vaddanam (waist belt), CNC machine cut bangles, gents kada, vanky(armlet), dandpatti (bajuband), gundlamala haaram (traditional neck piece), gundlamala necklace, kangan, earring, mangtika (forehead pendant), maatil (ear chain), champasaralu (ear to hair chain), jada (braid ornament), and rings.
Deepa Jewellers Ltd. emphasizes purity, transparent pricing, and customer trust, operating through physical stores and distribution channels while adhering to regulatory standards and evolving jewellery market trends.
As of July 31, 2026, the company's customer network spans across 13 states and 1 union territory in India with a total customer base of 373 customers, comprising of 47 jewellery retail chains and 326 standalone stores.
The company use third-party mobile application namely "Deepa Jewellers Limited" to enhance their brand visibility, disseminate information and display product collections, which was commissioned by them on June 25, 2021. This application enables access to high-resolution images of selected jewellery designs to remote customers.
As on July 31, 2026, they have a product portfolio of 16 products and 110 SKUs across their product categories.
Competitive Strengths:
Strong presence in southern market
Well established customer base with long-standing relationship with jewellery retail chains and standalone stores
Diverse product portfolio with varied weight ranges, designs and specialisation in vadannam and CNC machine cut
bangles
Established procurement network and long -standing relationship with karigars
Well experienced Promoters and a professional management team with sectoral experience
Company Financials (Restated Consolidated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 357.18 | 217.67 | 174.64 |
| Total Income | 1,927.73 | 1,400.10 | 1,025.73 |
| Profit After Tax | 104.79 | 40.58 | 24.35 |
| EBITDA | 146.34 | 56.01 | 35.77 |
| NET Worth | 238.07 | 133.21 | 92.55 |
| Reserves and Surplus | 221.67 | 129.11 | 88.45 |
| Total Borrowing | 111.11 | 80.79 | 77.93 |
| Amount in ₹ Crore |
Deepa Jewellers Ltd.'s revenue increased by 38% and profit after tax (PAT) rose by 158% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Gems, Jewellery And Watches
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Priority Jewels Ltd. | Mainboard | ₹91.50 Cr | ₹200 | 15.21 | ₹241.50 | +20.75% | ₹226.92 |
| Shankesh Jewellers Ltd. | Mainboard | ₹367.18 Cr | ₹93 | 10.24 | ₹94.82 | +1.96% | ₹98.41 |
| Lalithaa Jewellery Mart Ltd. | Mainboard | ₹1,700.00 Cr | ₹201 | 9.95 | ₹248.44 | +23.60% | ₹337.60 |
| Advit Jewels Ltd. | Mainboard | ₹165.16 Cr | ₹138 | 18.41 | ₹179.46 | +30.04% | ₹267.51 |
| PNGS Reva Diamond Jewellery Ltd. | Mainboard | ₹379.52 Cr | ₹386 | 10.96 | ₹411.70 | +6.66% | ₹504.70 |
| Shringar House of Mangalsutra Ltd. | Mainboard | ₹400.92 Cr | ₹165 | 19.47 | ₹184.88 | +12.05% | ₹216.79 |
| SMR Jewels Ltd. | SME | ₹63.74 Cr | ₹128 | 18.01 | ₹103.05 | -19.49% | ₹98.00 |
| Yaashvi Jewellers Ltd. | SME | ₹43.88 Cr | ₹83 | 5.6 | ₹87.05 | +4.88% | ₹80.95 |
| Grover Jewells Ltd. | SME | ₹33.83 Cr | ₹88 | 12.31 | ₹100.80 | +14.55% | ₹260.00 |
| Luxury Time Ltd. | SME | ₹18.74 Cr | ₹82 | 12.57 | ₹163.59 | +99.50% | ₹64.00 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company | 215.00 |
| 2 | General Corporate Purposes | 12.15 |
| 3 | Issue Expenses | 41.95 |
| Total | 269.10 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 56.45% |
| ROCE | 52.08% |
| Debt/Equity | 0.47 |
| RoNW | 56.45% |
| PAT Margin | 5.44% |
| EBITDA Margin | 7.60% |
| NAV | 29.03 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.95 | — |
| Market Cap at Offer Price | - | ₹1,868.37 Cr |
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 72.98% |
| Public | — | 27.02% |
| Total | 100% | 100% |
Company Promoters: Ashish Agarwal, Seema Agarwal and Dev Agarwal.
Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Ashish Agarwal | Promoter | 59,24,170 | 104.86 |
| Seema Agarwal | Promoter | 59,24,170 | 104.86 |
| Total | — | 1,18,48,340 | 209.72 |
Deepa Jewellers IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 8 | 0 | 2 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 36.73 | 51,94,528 | 19,07,76,852 |
| NII | 109.04 | 38,95,895 | 42,48,23,532 |
| bNII (> ₹10L) | 127.56 | 25,97,263 | 33,12,95,244 |
| sNII (< ₹10L) | 72.02 | 12,98,632 | 9,35,28,288 |
| Retail | 19.09 | 90,90,422 | 17,35,05,444 |
| Total | 43.40 | 1,81,80,845 | 78,91,05,828 |
The Deepa Jewellers IPO is subscribed 43.40 times on September 3, 2026 6:54:14 PM (Day 3). The public issue subscribed 19.09 times in the retail category, 36.73 times in the QIB category, and 109.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 19,74,530
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager’s fees and commissions (including underwriting commission, brokerage and selling commission, as applicable | 27.12 |
| 2 | Brokerage, selling commission, bidding charges, processing fees for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs, Sponsor Banks | 1.44 |
| 3 | Fees payable to the Registrar to the Offer | 0.34 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 4.36 |
| 5 | Printing and distribution | 0.52 |
| 6 | Advertising and marketing expenses | 2.93 |
| 7 | Fee payable to legal counsel, the statutory auditor, independent chartered engineers, Industry report provider and other advisors | 4.39 |
| 8 | Miscellaneous | 0.85 |
| Total | 41.95 |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹ 177.00 | ₹ 177.00 |
| Open | ₹ 221.05 | ₹ 221.00 |
| Low | ₹ 193.10 | ₹ 193.00 |
| High | ₹ 222.10 | ₹ 222.00 |
| Last Trade | ₹ 194.30 | ₹ 194.37 |
Check IPO Performance…
IPO Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
ipo@bigshareonline.com
IPO Lead Manager(s)
Emkay Global Financial Services Ltd.
Valmiki Leela Capital Pvt.Ltd.
Contact Details
Deepa Jewellers Ltd. Address
Ground floor and first floor,
door no. 3- 6-343 & 344,
Basheerbagh, Himayathnagar,
Hyderabad, Telangana , 500029
+ 91 76809 62117
cs@deepajewel.com
Deepa Jewellers IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Deepa Jewellers made a strong stock market debut; shares list at 25% premium - BusinessToday
IndiaIPO · 8 Sept 2026
Deepa Jewellers shares jump nearly 25 pc in market debut trade
Telangana Today · 8 Sept 2026
Deepa Jewellers Shares Soar 25% on Market Debut
Rediff MoneyWiz · 8 Sept 2026
Deepa Jewellers Share Price: Stock Lists 25% Above IPO Issue Price at Rs 221
APAC Media · 8 Sept 2026
Deepa Jewellers IPO Listing Today: Check Share Price
Univest · 8 Sept 2026
Deepa Jewellers Lists 24.86% Higher; Trades Above IPO Price
HDFC Sky · 8 Sept 2026
