Deepa Jewellers IPO
Deepa Jewellers IPO
Overview
Deepa Jewellers IPO is a book build issue of ₹459.72 crores. The issue is a combination of fresh issue of 1.41 crore shares aggregating to ₹250.00 crores and offer for sale of 1.18 crore shares aggregating to ₹209.72 crores. Deepa Jewellers IPO opens for subscription on Sep 1, 2026 and closes on Sep 3, 2026. The allotment for the Deepa Jewellers IPO is expected to be finalized on Sep 4, 2026. Deepa Jewellers IPO will list on NSE and BSE with a tentative listing date fixed as Sep 8, 2026. Deepa Jewellers IPO is set issue price band at ₹168 to ₹177 per share. The lot size for an application is 84 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,868 (84 shares) (based on upper price). Emkay Global Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Total Shares
2,59,72,633
Issue Size
₹460 Cr
Price Band
₹168 – ₹177
Lot Size
84 shares
Min. Investment
₹14,868
Max. Investment
₹1,93,284
Open Date
01 Sep, 2026
Close Date
03 Sep, 2026
Allotment
04 Sep, 2026
Listing
08 Sep, 2026
Max. Investment
₹1,93,284
Announced
01 Sep, 2026
Opening Date
01 Sep, 2026
Closing Date
03 Sep, 2026
Basis of Allotment
04 Sep, 2026
Initiation of Refunds
07 Sep, 2026
Credit of Shares
07 Sep, 2026
Listing Date
08 Sep, 2026
Live GMP
Est. Listing: ₹232
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About Deepa Jewellers IPO
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),
Deepa Jewellers IPO Share Price
Issue Breakdown
Shareholding
Dilution: 17.2% increase in shares
Deepa Jewellers IPO Financial Health
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.
Deepa Jewellers IPO Lot Size
Investors can bid for a minimum of 84 shares and in multiples thereof.
| 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 |
(All values in CR)
Deepa Jewellers IPO Valuations
| Metric | Value |
|---|---|
| ROE | 56.45 |
| ROCE | 52.08 |
| Debt/Equity | 0.47 |
| RoNW | 56.45 |
| PAT Margin | 5.44 |
| EBITDA Margin | 7.60 |
| NAV | 29.03 |
(All values in CR)
Deepa Jewellers IPO Strength & Risk
Deepa Jewellers IPO – Strengths
- Strong presence in Southern India: 94.37% of FY26 revenue came from Southern Indian states.
- Established customer base: 373 customers across 47 retail chains and 326 standalone stores.
- Diversified product portfolio: 16 products and 110 SKUs across different designs and weight categories.
- Specialisation in key products: Strong presence in vaddanam and CNC machine-cut bangles.
- Asset-light manufacturing model: Outsourced production through karigars enables scalability without significant manufacturing infrastructure.
- Experienced management: Promoters and management have sectoral experience.
Deepa Jewellers IPO – Risks
- High customer concentration: Top 10 customers contributed 64.67% of FY26 revenue.
- Product concentration: A significant portion of revenue comes from vaddanam and CNC machine-cut bangles.
- Regional concentration: Over 94% of revenue comes from Southern India.
- Gold price volatility: Fluctuations in gold prices can affect procurement costs, margins and cash flows.
- High inventory requirements: Large inventories expose the company to price and inventory-management risks.
- Dependence on third-party karigars: Disruption in outsourced manufacturing could affect production.
- Negative operating cash flows: The company reported negative operating cash flows in FY26 and FY25.
- Competition: Competition from established jewellery chains could pressure market share and margins.
Deepa Jewellers IPO GMP
Deepa Jewellers IPO last GMP is ₹55, last updated Aug 29th 2026 06:37 PM. With the upper price band of ₹177.00, Deepa Jewellers IPO's estimated listing price is ₹232 (cap price + today's GMP). The expected percentage gain/loss per share is 31.07%. >> Deepa Jewellers IPO Retail Subject to Sauda: ₹3500 >> Deepa Jewellers IPO Small HNI Subject to Sauda: ₹49000 During this period, the GMP ranged from a low of ₹0.00 to a high of ₹55.00.
Last updated 29 Aug, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 29 Aug, 2026 | 177 | ₹55▲ | - | ₹232 (31.07%) | 4620 | 29 Aug, 2026 |
| 28 Aug, 2026 | 177 | ₹47 | - | ₹224 (26.55%) | 3948 | 28 Aug, 2026 |
| 27 Aug, 2026 | 177 | ₹47▲ | - | ₹224 (26.55%) | 3948 | 27 Aug, 2026 |
| 26 Aug, 2026 | 0 | ₹0 | - | ₹ (%) | - | 26 Aug, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Deepa Jewellers IPO
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Go to IPO Section
Find Deepa Jewellers IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.