Deepa Jewellers IPO Day 2: Subscription Status, Timeline & Key Issue Details
Deepa Jewellers's ₹459.72 crore initial public offering (IPO) entered its second day of public subscription today, September 2, 2026, with a price band of ₹168 to ₹177 per share. As of 10:40 A.M on the second day of bidding, the issue had been subscribed 1.35 times.
The IPO will remain open for subscription until September 3, 2026. The basis of allotment is expected to be finalised on September 4, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 8, 2026.
Deepa Jewellers IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹459.72 crore
- Fresh Issue: Up to ₹250.00 crore
- Offer for Sale (OFS): Up to ₹209.72 crore
- Face Value: ₹2 per equity share
- Price Band: ₹168 to ₹177 per share
- Lot Size: 84 shares
- Minimum Investment Amount (Retail Investor): ₹14,868 (84 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Emkay Global Financial Services Limited, Valmiki Leela Capital Private Limited
- Registrar: Bigshare Services Private Limited
Deepa Jewellers IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
1 September 2026 |
|
Subscription Closing Date |
3 September 2026 |
|
Basis of Allotment Date |
4 September 2026 |
|
Refund Initiation Date |
7 September 2026 |
|
Credit of Shares |
7 September 2026 |
|
Listing on BSE and NSE |
8 September 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Deepa Jewellers IPO Day 2 Subscription Status
[September 2, 2026, 10:40 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.11x |
|
Non-Institutional Investors (NIIs) |
1.22x |
|
Retail Individual Investors (RIIs) |
2.09x |
|
Total |
1.35x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the company
- General corporate purposes.
About Deepa Jewellers Limited
Deepa Jewellers Limited is a B2B gold jewellery company engaged in designing, processing, and supplying 22-karat hallmarked gold jewellery to jewellery retail chains and standalone stores. Incorporated in 2016, it primarily operates across South India and is a key supplier of vaddanam and CNC machine-cut bangles.
The company follows an asset-light, outsourced manufacturing model supported by 41 karigars. Along with gold jewellery, it also offers job-work services and trades in silver ornaments, precious stones, gold bullion, and 18- and 20-karat jewellery, serving 373 customers across 13 states and one union territory.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
1,926.68 |
1,397.01 |
1,024.57 |
|
EBITDA |
146.34 |
56.01 |
35.77 |
|
Profit After Tax (PAT) |
104.78 |
40.58 |
24.35 |
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