ICICI Securities Limited
BSE NSE

Deepa Jewellers Limited IPO

Mainboard Listed 24.86% Listed @ ₹221.00
  • IPO Open Date
  • 1st Sep 2026
  • IPO Close Date
  • 3rd Sep 2026
  • Allotment date
  • 4th Sep 2026
  • Listing date
  • 8th Sep 2026
  • Issue Size
  • ₹ 460 Cr.
  • Issue Price Band
  • ₹ 168 to 177
  • Lot Size
  • 94 Share
  • Minimum Investment
  • ₹ 14868

Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.

About Deepa Jewellers Limited

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. It emphasizes purity, transparent pricing, and customer trust, operating through physical stores and distribution channels while adhering to regulatory standards and evolving jewellery market trends.

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)
  • Rings

As on July 31, 2026, the company has a product portfolio of 16 products and 110 SKUs across its product categories.

Customer Base & Presence

As of July 31, 2026, the company's customer network spans across 13 states and 1 union territory in India with a total customer base of 373 customers, comprising of 47 jewellery retail chains and 326 standalone stores.

Digital Presence

The company uses a third-party mobile application namely “Deepa Jewellers Limited” to enhance brand visibility, disseminate information, and display product collections, which was commissioned on June 25, 2021. This application enables access to high-resolution images of selected jewellery designs to remote customers.

Competitive Strengths

  • Strong presence in southern market
  • Well established customer base with long-standing relationship with jewellery retail chains and standalone stores
  • Diverse product portfolio with varied weight ranges, designs and specialisation in vaddanam and CNC machine cut bangles
  • Established procurement network and long-standing relationship with karigars
  • Well experienced promoters and a professional management team with sectoral experience



Read More

IPO Subscription Details

Category Shares Offered Shares Applied Subscription Times (x)
QIB (Ex Anchor) 51,55,438 (27.84%) 19,07,76,852 37.00
NII 40,09,394 (21.65%) 42,48,23,532 105.96
bNII (> ₹10L) 26,72,930 (14.43%) 33,12,95,244 123.94
sNII (< ₹10L) 13,36,464 (7.22%) 9,35,28,288 69.98
Retail 93,55,253 (50.51%) 17,35,05,948 18.55
Total 1,85,20,085 (100.00%) 78,91,06,332 42.61
Updated on 2026-09-11 19:50:41

Grey Market Premium (GMP)

GMP Date IPO Price GMP Estimated Listing Price Estimated Profit* Last Updated
03-09-2026 ₹177 ₹25 ₹202 ( 14.12% ) ₹2,350.00 03-Sep-2026 04:16 PM
02-09-2026 ₹177 ₹28 ₹205 ( 15.82% ) ₹2,632.00 02-Sep-2026 03:59 PM
01-09-2026 ₹177 ₹55 ₹232 ( 31.07% ) ₹5,170.00 01-Sep-2026 10:07 AM
Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.

Financials of Deepa Jewellers Limited

A quick overview of the key financial performance of Deepa Jewellers Limited.

Total Assets (₹ Cr)

Revenue (₹ Cr)

Profit after Tax (₹ Cr)

*All values are in Rs. Cr

Company Financials

Revenue increased by 38%, Profit after Tax (PAT) increased by 158%, Total Assets increased by 64% between FY2025 and FY2026.

Period Ended FY2024 FY2025 FY2026
Revenue 1,024.57 1,397.01 1,926.68
Assets 174.64 217.67 357.18
Total Income 1,025.73 1,400.10 1,927.73
Profit After Tax 24.35 40.58 104.79
EBITDA 35.77 56.01 146.34
Net Worth 92.55 133.21 238.07
Reserves & Surplus 88.45 129.11 221.67
Total Borrowings 77.93 80.79 111.12
Amount in ₹ Crore

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 94 ₹ 16,638
Retail (Max) 12 1,128 ₹ 1,99,656
S-HNI (Min) 13 1,222 ₹ 2,16,294
S-HNI (Max) 60 5,640 ₹ 9,98,280
B-HNI (Min) 61 5,734 ₹ 10,14,918

Key Performance Indicators (KPI)

KPI Latest
ROE (%) 56.45
ROCE (%) 52.08
Debt / Equity 0.47
RoNW (%) 56.45
PAT Margin (%) 5.44
EBITDA Margin (%) 7.6
Pre IPO
Post IPO
EPS (₹)
12.78
-
P/E (x)
-
-
Promoter Holding (%)
99.98
-
Disclaimer: KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.

IPO Lead Manager(s)

Lead Manager Details

  • Emkay Global Financial Services Limited

Lead Manager Details

  • Valmiki Leela Capital Private Limited

IPO Registrar

  • Registrar Name
  • Bigshare Services Private Limited
  • Phone
  • +91 22 6263 8200
  • Contact Person
  • Babu Raphael C.
  • SEBI Registration Number
  • INR000001385
  • Address
  • Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400093, Maharashtra, India

Company Contact Details

  • Company Name
  • Deepa Jewellers Limited
  • Phone
  • +91 76809 62117
  • Contact Person
  • Vandana Modani
  • Corporate Identity Number
  • U74999TG2016PLC109435
  • Address
  • Ground floor and first floor, door no. 3-6-343 & 344, Basheerbagh, Himayathnagar, Hyderabad-500029, Telangana, India

Deepa Jewellers Limited FAQs

The Deepa Jewellers Limited IPO is a MAIN IPO with a total issue size of ₹ 460 crores. The IPO price band is fixed at ₹168 to ₹ 177 per share, and the minimum lot size is 94 Shares. The Deepa Jewellers Limited IPO will open on 1st Sep 2026, and will close on 3rd Sep 2026. Bigshare Services Private Limited has been appointed as the registrar for the issue. The equity shares are proposed to be listed on BSE,NSE.

The Deepa Jewellers Limited IPO opens on 1st Sep 2026 and closes on 3rd Sep 2026.

The Deepa Jewellers Limited IPO lot size is 94 Share, and the minimum amount required for application is ₹ 14868.

You can apply for the Deepa Jewellers Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker’s platform, select Deepa Jewellers Limited IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

The Deepa Jewellers Limited IPO listing date is 8th Sep 2026.
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