Deepa Jewellers IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 1,025.73 | 1,400.10 | 1,927.73 |
| Expense | 993.05 | 1,345.63 | 1,787.39 |
| Profit (PAT) | 24.35 | 40.58 | 104.79 |
| Total Assets | 174.64 | 217.67 | 357.18 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Sky Gold and Diamonds Limited | 13.97 | 57.56 | 23.88 | 72.02 | 4,708.38 Cr |
| Shanti Gold International Limited | 21.22 | 12.72 | 37.34 | 83.00 | 2,018.71 Cr |
| Shringar House of Mangalsutra Limited | 13.55 | 17.02 | 26.29 | 70.29 | 2,245.82 Cr |
| RBZ Jewellers Ltd | 13.70 | 10.08 | 20.11 | 74.96 | 636.48 Cr |
| Khazanchi Jewellers Limited | 36.10 | 22.22 | 32.45 | 129.14 | 2,049.22 Cr |
Promoters: Ashish Agarwal, Seema Agarwal and Dev Agarwal
Strengths & Risks
- Heavily oversubscribed — 43.4x overall (so far).
- Strong institutional (QIB) demand — 36.7x.
- Revenue grew 38% in the latest reported year.
- Strong return on equity — 56%.
Our metrics didn't flag a major concern for Deepa Jewellers from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Deepa Jewellers, founded in 2016, is one of the leading wholesalers and traders of gold and diamond jewellery. The firm sells a wide range of traditional and contemporary designs across rings, necklaces, earrings, bangles, and customized ornaments. So far, the company offers 16 products with 110 different products across various categories. Its product portfolio includes 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 source, design, and sell jewellery products crafted with quality and skilled craftsmanship. The firm developed its business with an aim to offer pure jewellery, clear and transparent pricing, and to build customer trust.
| Purpose | Amount (Cr) |
|---|---|
| Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company | 215.00 |
| General corporate purposes | - |
Resources & Documents
Deepa Jewellers Ltd., Ground floor and first floor,, door no. 3- 6-343 & 344,, Basheerbagh, Himayathnagar,, Hyderabad, Telangana, 500029
Deepa Jewellers has set a price band of Rs 168–Rs 177 per share for an issue size of Rs 460 crore. The stock listed with a 24.86% gain versus its issue price on September 08, 2026.
Deepa Jewellers, founded in 2016, is one of the leading wholesalers and traders of gold and diamond jewellery. The firm sells a wide range of traditional and contemporary designs across rings, necklaces, earrings, bangles, and customized ornaments.
The issue is promoted by Ashish Agarwal, Seema Agarwal and Dev Agarwal with Emkay Global Financial Services Ltd., Valmiki Leela Capital Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Compa… (Rs 215 crore) and General corporate purposes.
Grey market is quoting a premium of +Rs 25 (+14.1% over issue price), up Rs 11 from the previous session. Final subscription data records overall subscription at 43.36x, retail at 19.02x, QIB at 36.73x, NII at 109.01x.
On fundamentals, the company is posting revenue growth of 37.7%, a profit margin of 5.4%, return on equity of 56.5% in its most recent reported period. Listed peers in this segment include Sky Gold and Diamonds Limited (P/E 57.56x) and Shanti Gold International Limited (P/E 12.72x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Deepa Jewellers IPO GMP — What It Means
The latest grey market premium for Deepa Jewellers IPO is ₹25 (+14.1%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Deepa Jewellers it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Deepa Jewellers GMP history and trend, or learn how grey market premium works and how reliable it is.
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