Deepa Jewellers came to market through an IPO that opened on 1 September 2026 and closed on 3 September 2026, and the shares listed on 8 September 2026 on BSE, NSE. The price band was ₹168 to ₹177 per share and one lot was 84 shares, so the minimum application was ₹14,868. The issue size was ₹459.72 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹221, a gain of 24.9% against the issue price of ₹177. Bigshare Services Pvt.Ltd was the registrar to the issue, and Emkay Global Financial Services Ltd., Valmiki Leela Capital Pvt.Ltd were the lead managers.
As of 3 September 2026.
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Overall the issue was subscribed 43.40 times.
Deepa Jewellers Ltd. is into the retail and wholesale trade of gold and diamond jewellery that come in a variety of traditional and modern designs meeting the preferences of different kinds of customers. The business is dedicated to the procurement, design and sale of various products like rings, necklaces, earings, bangles, and custom-made ornaments which are made with high-quality material and fine craftsmanship.Deepa Jewellers Ltd.
prides itself on the purity, fair pricing and trust it generates through physical retail outlets and supply chains while following regulatory requirements and jewellery market dynamics. Product Portfolio: 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.
As of 30th November, 2025, they have a product portfolio consisting of 14 products and 76 SKUs within their product categories.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Deepa Jewellers Limited finalised its anchor investor allocation on August 31, 2026, raising ₹137.91 crore from 15 institutional investors at an anchor price of ₹177 per share. The anchor book comprises 77,91,789 equity shares, with domestic mutual funds receiving 19.21% of the allocation through 2 fund houses across 3 schemes — Tata India Consumer Fund, Tata Dividend Yield Fund, and Unifi Flexi Cap Fund. No allocation was made to life insurance companies or pension funds.
The remaining allocation was led by Motilal Oswal Finvest Limited at 26.07%, followed by WhiteOak Capital Equity Fund, 360 One Equity Opportunities Fund, Ashoka India Equity Investment Trust, and High Conviction Fund, each at 6.52%. Other notable participants include CP Capital Ltd, Maybank Securities, Girik Multicap Growth Equity Fund, LRSD Securities, Citi Group Global Markets Mauritius, Nomura Singapore Limited, and Alchemy Long Term Ventures Fund.
Ashish Agarwal, Seema Agarwal, Dev Agarwal. Promoter holding 100% before the issue and 72.98% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Deepa Jewellers IPO was a ₹459.72 crore book-built issue, comprising a fresh issue of ₹250 crore and an offer for sale of ₹209.72 crore. It was priced at ₹168–₹177 per share with a lot size of 84 shares (₹14,868). The IPO was open from September 1 to September 3, 2026 and was subscribed 43.4x. Shares listed on BSE and NSE on September 8, 2026 at ₹221, a 24.9% premium to the issue price of ₹177. Bigshare Services Pvt. Ltd.
is the registrar. Emkay Global Financial Services Ltd. and Valmiki Leela Capital Pvt. Ltd. are the book running lead managers.
The price band of Deepa Jewellers IPO is ₹168 to ₹177 per share.
The lot size of Deepa Jewellers IPO is 84 shares.
The minimum investment for Deepa Jewellers IPO is approximately ₹14,868 based on the upper price band.
The allotment date of Deepa Jewellers IPO is Sep 4, 2026.
No GMP quote could be verified as recorded before Deepa Jewellers IPO listed. A grey-market observation of ₹22 per share was recorded on 8 Sep 2026, 8:15 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹221. GMP is unofficial and does not forecast or guarantee the actual listing price.
Deepa Jewellers IPO listed on Sep 8, 2026. It was issued at ₹221.0(NSE) and is currently around ₹201.25 as on 30-Oct-2026 3:30 PM, which is approximately 13.7% versus issue price. The 52-week high is ₹277.00.
You can check Deepa Jewellers IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Deepa Jewellers IPO allotment status on Rupix for quick and easy access.
₹168 to ₹177 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 84 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,868.
₹14,868, for one lot of 84 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 1 September 2026 and closed on 3 September 2026.
The basis of allotment was published on 4 September 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 8 September 2026 on BSE, NSE, opening at ₹221.
The issue size was ₹459.72 crore. The fresh issue was 1,41,24,293 shares (aggregating up to ₹250 crore). The offer for sale was 1,18,48,340 shares (aggregating up to ₹209.72 crore).
It listed at ₹221 against an issue price of ₹177, a gain of 24.9 percent on listing day.