Deepa Jewellers IPO concluded its third and final day of bidding on Thursday, September 3, with the issue getting booked over 42 times on Thursday. The demand for the IPO was led by non-institutional investors, while the latest grey market trend points to a premium listing of 11.3%.
Deepa Jewellers IPO: Key Highlights
- Current GMP: Rs 20 per share (indicating ~11.3% listing premium over the upper price band).
- Overall Subscription (Day 3): 42.61 times (Retail: 18.44x, NII: 105.96x, QIB: 37x).
- Price Band: Rs 168 to Rs 177 per equity share.
- Issue Window: September 1 to September 3, 2026.
- Tentative Listing Date: September 8, 2026.
Here's everything you need to know about the IPO of Deepa Jewellers.
Deepa Jewellers IPO GMP Today
The Grey Market Premium (GMP) for Deepa Jewellers IPO stood at Rs 20 per share, as of 5:30 p.m. on Thursday. Based on the upper end of the price band at Rs 177, the estimated listing price is Rs 197 (upper price band + GMP), indicating an expected listing gain of 11.3% for allottees.
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Note: Grey market premiums are unofficial and may not accurately reflect the stock's actual listing performance.
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Deepa Jewellers IPO Day 3 Subscription Status
The IPO was subscribed 42.61 times on Thursday.
- QIBs: 37 times
- NIIs: 105.96 times
- RIIs: 18.55 times
Deepa Jewellers IPO: Key Details
The IPO of Deepa Jewellers is a book build issue of Rs 459.72 crore. The issue comprises:
- Fresh issue: 1.41 crore shares worth Rs 250 crore
- Offer for sale: 1.18 crore shares aggregating to Rs 209.72 crore.
- The price band for the IPO is set between Rs 168 and Rs 177 per share.
To participate in the IPO, retail investors must bid for at least a single lot of 84 shares. This means the minimum investment required for a retail investor is Rs 14,868 at the upper price band of Rs 177.
Emkay Global Financial Services Ltd. is the book running lead manager and Bigshare Services Ltd. is the registrar of the issue.
Deepa Jewellers IPO Key Dates
- IPO Open Date: Tuesday, September 1, 2026
- IPO Close Date: Thursday, September 3, 2026
- Allotment Finalisation: Friday, September 4, 2026
- Refund Initiation & Demat Transfer: Monday, September 7, 2026
- Listing Date on BSE & NSE: Tuesday, September 8, 2026
Use Of Proceeds
The company will use the net proceeds for funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the company (Rs 215 crore).
The remaining funds will be used for general corporate purposes.
Company Financials
The company's revenue increased by 38%, while profit after tax (PAT) rose by 158% in FY26 compared with FY25.
For FY26, Deepa Jewellers reported:
- Total income: Rs 1,927.73 crore, compared with Rs 1,400.10 crore in FY25
- Profit after tax (PAT): Rs 104.79 crore, up from Rs 40.58 crore in the previous financial year
- EBITDA: Rs 146.34 crore versus Rs 56.01 crore a year earlier
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 customised ornaments crafted with quality materials and skilled workmanship.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
Frequently Asked Questions (FAQs)
- What is the latest GMP of Deepa Jewellers IPO?
The GMP for Deepa Jewellers IPO is Rs 20 as of September 3, indicating an estimated listing price of Rs 197 and a potential premium of 11.3% over the upper price band.
- What is the minimum application amount for retail investors?
Retail investors must apply for a minimum lot of 84 shares, requiring a capital outlay of Rs 14,868 at the upper price band of Rs 177.
- When will Deepa Jewellers IPO share allotment take place?
The basis of allotment is expected to be finalised on Friday, September 4, 2026.
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