Deepa Jewellers IPO

Listed Mainboard
Min Investment
₹14,868
84 Shares
Min Investment
₹14,868 · 84 Shares
Open Sept 01
Close Sept 03
Allotment Sept 04
Refund Sept 07
Listing Sept 08
Price Band ₹168–177
Lot Size 84 shares
Issue Size ₹460 Cr
Listed At ₹221.00 +24.9%
Subscribed 43.36×
Listed On BSE & NSE
Listing Price
₹221.00 (+24.86%)
vs issue price
Check allotment status →
Current Price (BSE)
₹246.35 (+39.18%)
at close, 09 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹25
+14.1%
Est. Listing: ₹202
Updated: Sept 07, 2026 9:58 pm
GMP estimate ₹202
Actual listing ₹221
Listed above the GMP estimate by ₹19 (+9.4%)
Subscription Status
QIB
36.73x
NII
109.01x
bNII (>10L)
127.56x
sNII (2-10L)
71.92x
Retail
19.02x
Total
43.36x
Updated: Sept 03, 2026 4:59 pm IST
Analysis Score 74 / 100
Data: 80%
GMP Score 55
Subscription Score 95
Financial Health 76
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹168–177 per equity share
Face Value₹2 Per Equity Share
Lot Size 84 shares (Min ₹14,868)
Total Issue Size ₹459.72 crore
Fresh Issue₹250.00 crore
Offer For Sale₹209.72 crore
Issue TypeBook-build Issue
Lead Manager Emkay Global Financial Services Ltd. , Valmiki Leela Capital Pvt. Ltd.
Registrar Bigshare Services Pvt. Ltd.
PromotersAshish Agarwal, Seema Agarwal and Dev Agarwal
Listing atBSE & NSE
BSE Code544903
NSE SymbolDEEPA
ISININE1M2N01020
Listing Price₹221.00
Listing Gain+24.86%

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
QIB 0.11x 0.46x 36.73x
NII 0.63x 5.10x 109.01x
bNII > ₹10L 0.36x 4.28x 127.56x
sNII 2-10L 1.19x 6.73x 71.92x
Retail 1.38x 4.69x 19.02x
Total 0.87x 3.60x 43.36x

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 84 ₹14,868
Retail Maximum 13 1,092 ₹1,93,284
S-HNI Minimum 14 1,176 ₹2,08,152
S-HNI Maximum 67 5,628 ₹9,96,156
B-HNI Minimum 68 5,712 ₹10,11,024
Budget to Lots Calculator ▼
₹

IPO Reservation

Category Shares Offered Shares %
QIB51,94,52820.00%
NII (HNI)38,95,89515.00%
bNII > ₹10L25,97,26310.00%
sNII < ₹10L12,98,6325.00%
Retail90,90,42235.00%
Anchor77,91,78930.00%
Total2,59,72,634

Financial Analysis

Financial Data

EPS (Pre)
₹12.78
ROE
56.45%
ROCE
52.08%
RoNW
56.45%
EBITDA Margin
7.60%
Debt/Equity
0.47
NAV/Share
₹29.03
Revenue Growth
37.69%
Profit Margin
5.44%

Financial Performance

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
Values in Crores (₹)

Peer Comparison

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

Strengths & Risks

Strengths
  • 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%.
Risks & Concerns

Our data checks haven't flagged a specific concern for Deepa Jewellers — but that 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

About Deepa Jewellers

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.

Company Contact Information

Deepa Jewellers Ltd., Ground floor and first floor,, door no. 3- 6-343 & 344,, Basheerbagh, Himayathnagar,, Hyderabad, Telangana, 500029

Objects of the Issue

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

Anchor Investors

Anchor Bidding Date
August 31, 2026
Shares Offered to Anchors
77,91,789
Lock-in End (30 Days, 50%)
October 04, 2026
Lock-in End (90 Days, 50%)
December 03, 2026

Deepa Jewellers IPO - Quick Take

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.

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.

On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Deepa Jewellers IPO is Rs 168 to Rs 177 per share. Face value is Rs 2 per share.

The total issue size of Deepa Jewellers IPO is Rs 460 crore, comprising fresh issue of Rs 250 crore and offer for sale (OFS) of Rs 210 crore.

Retail investors must apply for a minimum of 1 lot of 84 shares, requiring an investment of Rs 14,868. Maximum retail application is 13 lots (1092 shares, approx Rs 1,93,284).

Deepa Jewellers IPO opens for subscription on September 01, 2026 and closes on September 03, 2026. Anchor investor bidding is scheduled for August 31, 2026.

The expected allotment date for Deepa Jewellers IPO is September 04, 2026. Refunds for unsuccessful applicants are expected on September 07, 2026.

Deepa Jewellers IPO is scheduled to list on September 08, 2026 on both BSE and NSE. BSE script code: 544903, NSE symbol: DEEPA, ISIN: INE1M2N01020.

The current GMP (Grey Market Premium) of Deepa Jewellers IPO is +Rs 25 (+14.1% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Deepa Jewellers IPO is currently subscribed 43.36 times overall — retail at 19.02x, QIB at 36.73x, NII at 109.01x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 19.02x for Deepa Jewellers IPO, the estimated retail allotment probability is approximately 6.0%. This is a low probability — approximately 6 out of every 100 retail applications may receive allotment.

The registrar for Deepa Jewellers IPO is Bigshare Services Pvt. Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Deepa Jewellers IPO are Emkay Global Financial Services Ltd., Valmiki Leela Capital Pvt. Ltd..

The promoter(s) of Deepa Jewellers are Ashish Agarwal, Seema Agarwal and Dev Agarwal.

Deepa Jewellers IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.

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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