The ₹459.72 crore Deepa Jewellers initial public offering (IPO) is set to open for subscription on September 1, 2026. According to the Red Herring Prospectus (RHP), the issue comprises a fresh issue of up to ₹250.00 crore and an offer for sale (OFS) of up to ₹209.72 crore by its existing shareholders.

The IPO will remain open until September 3, 2026, while the anchor investor portion will open for subscription on August 31, 2026. The basis of allotment is expected to be finalised on September 4, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹177 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	84	₹14,868
Retail (Maximum)	13	1,092	₹1,93,284
sNII (Minimum)	14	1,176	₹2,08,152
bNII (Minimum)	68	5,712	₹10,11,024

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

Incorporated in 2016, Deepa Jewellers Limited processes, designs, and supplies 22-karat hallmarked gold jewellery to jewellery retail chains and standalone stores through an organised B2B business model. According to a CRISIL Report, it is among the key processors and suppliers of vaddanam and CNC machine-cut bangles, with operations primarily across Telangana, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala.

It follows an asset-light outsourced manufacturing model supported by 41 karigars. The company also provides job-work services and trades in silver ornaments, 18- and 20-karat gold jewellery, precious stones, and gold bullion. As of July 31, 2026, the company had a total customer base of 373 customers, spanning across 13 states and 1 union territory in India, comprising 47 jewellery retail chains and 326 standalone stores.

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