Deepa Jewellers Shares List at 25% Premium on NSE
Deepa Jewellers made its stock market debut on Tuesday, September 8, 2026, with its shares listing at a 24.86% premium on the NSE. The stock opened at ₹221 apiece on the NSE against its IPO issue price of ₹177 per share. On the BSE, the shares debuted at ₹221.05 per share, representing a 24.89% premium over the issue price.
The company’s ₹459.72 crore IPO was open for subscription from September 1 to September 3, 2026, and witnessed strong investor interest. The issue was subscribed 42.61 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Deepa Jewellers IPO Overall Subscription Status
[September 3, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
37.00x |
|
Non-Institutional Investors (NIIs) |
105.96x |
|
Retail Individual Investors (RIIs) |
18.55x |
|
Total |
42.61x |
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, incorporated in 2016, is a B2B gold jewellery company engaged in designing, processing, and supplying 22-karat hallmarked gold jewellery to jewellery retail chains and standalone jewellery stores. The company has a strong footprint in South India and is a prominent supplier of traditional vaddanam jewellery and CNC machine-cut bangles.
The company follows an asset-light model, with manufacturing outsourced to a network of 41 skilled karigars. Alongside gold jewellery, it offers job-work services and trades in silver ornaments, precious stones, gold bullion, and 18- and 20-karat gold jewellery. As of June 30, 2026, Deepa Jewellers had a customer base of 373 clients 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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