Deepa Jewellers IPO is a book-built public issue of ₹459.72 crore. The IPO comprises a combination of a fresh issue of 1,41,24,293 equity shares aggregating to ₹250 crore and an offer for sale of 1,18,48,340 shares aggregating to ₹209.72 crore.
The Deepa Jewellers IPO is scheduled to open for subscription on 1 September 2026 and will close on 3 September 2026. The basis of allotment is expected to be finalized on 4 September 2026.
The equity shares of Deepa Jewellers Limited are proposed to be listed on BSE and NSE, with the tentative listing date scheduled for 8 September 2026.
The IPO price band has been fixed at ₹168 to ₹177 per share. The lot size is 84 shares, making the minimum retail investment ₹14,868 at the upper price band.
Deepa Jewellers IPO Details
| IPO Date | 1 to 3 Sep 2026 |
|---|---|
| Listing Date | Tuesday, Sep 8, 2026 |
| Face Value | ₹2 per share |
| Price Band | ₹168 to ₹177 per share |
| Lot Size | 84 Shares |
| Issue Type | Book Building Issue |
| Sale Type | Fresh Issue + Offer for Sale |
| Listing At | BSE, NSE |
| Total Issue Size | 2,59,72,633 Shares, aggregating up to ₹459.72 Cr |
| Fresh Issue | 1,41,24,293 Shares, aggregating up to ₹250 Cr |
| Offer for Sale | 1,18,48,340 Shares, aggregating up to ₹209.72 Cr |
| Pre-Issue Shares | 8,20,00,000 Shares |
| Post-Issue Shares | 9,61,24,293 Shares |
| Market Cap at Upper Band | ₹1,701.40 Cr |
Deepa Jewellers IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Open | Tuesday, Sep 1, 2026 |
| IPO Close | Thursday, Sep 3, 2026 |
| Basis of Allotment | Friday, Sep 4, 2026 |
| Refunds Initiated | Monday, Sep 7, 2026 |
| Credit of Shares to Demat | Monday, Sep 7, 2026 |
| Listing | Tuesday, Sep 8, 2026 |
Deepa Jewellers IPO Lot Size
Investors can bid for a minimum of 84 shares and in multiples of the prescribed lot size. At the upper price band of ₹177 per share, one retail lot requires an investment of ₹14,868.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 84 | ₹14,868 |
| Retail Maximum | 13 | 1,092 | ₹1,93,284 |
| S-HNI Minimum | 14 | 1,176 | ₹2,08,152 |
| S-HNI Maximum | 67 | 5,628 | ₹9,96,156 |
| B-HNI Minimum | 68 | 5,712 | ₹10,11,024 |
Deepa Jewellers IPO Reservation
The Deepa Jewellers IPO reservation includes a portion for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), as specified in the IPO documents. The issue also includes an anchor investor portion.
| Investor Category | Shares / Reservation |
|---|---|
| QIB | As per IPO reservation structure |
| Anchor Investor | 77,91,789 Shares |
| NII | As per IPO reservation structure |
| Retail Individual Investors | As per IPO reservation structure |
Deepa Jewellers IPO Anchor Investors
Deepa Jewellers IPO raised approximately ₹137.91 crore from anchor investors. The anchor investor bidding took place on 31 August 2026.
| Particulars | Details |
|---|---|
| Anchor Bid Date | Monday, Aug 31, 2026 |
| Shares Offered | 77,91,789 |
| Anchor Portion | ₹137.91 Cr |
| 50% Lock-in End Date | Oct 4, 2026 |
| Remaining Lock-in End Date | Dec 3, 2026 |
About Deepa Jewellers Limited
Deepa Jewellers Limited, incorporated in 2016, is engaged in the retail and wholesale trading of gold and diamond jewellery. The company offers a broad selection of traditional and contemporary jewellery designs catering to different customer requirements.
Its product portfolio includes rings, necklaces, earrings, bangles, kadas, armlets, waist belts, traditional necklaces and customized jewellery products.
The company has developed a presence in the jewellery market through physical retail stores and distribution channels. It focuses on product quality, purity, transparent pricing and customer trust.
As of July 31, 2026, Deepa Jewellers had a customer network spread across 13 states and 1 Union Territory in India. The network comprised 47 jewellery retail chains and 326 standalone stores.
The company also uses a third-party mobile application under the name “Deepa Jewellers Limited” to showcase selected jewellery designs and improve its digital brand presence.
As of July 31, 2026, the company had a product portfolio consisting of 16 product categories and 110 SKUs.
Deepa Jewellers Product Portfolio
Deepa Jewellers IPO Key Strengths
Deepa Jewellers IPO Financial Performance
Deepa Jewellers reported strong financial growth in FY2026. Total income increased to ₹1,927.73 crore in FY2026 from ₹1,400.10 crore in FY2025, while profit after tax increased to ₹104.79 crore from ₹40.58 crore.
Based on the provided financial information, revenue increased by approximately 38% and profit after tax grew by approximately 158% between FY2025 and FY2026.
| Particulars | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Total Assets | ₹357.18 Cr | ₹217.67 Cr | ₹174.64 Cr |
| Total Income | ₹1,927.73 Cr | ₹1,400.10 Cr | ₹1,025.73 Cr |
| Profit After Tax | ₹104.79 Cr | ₹40.58 Cr | ₹24.35 Cr |
| EBITDA | ₹146.34 Cr | ₹56.01 Cr | ₹35.77 Cr |
| Net Worth | ₹238.07 Cr | ₹133.21 Cr | ₹92.55 Cr |
| Reserves and Surplus | ₹221.67 Cr | ₹129.11 Cr | ₹88.45 Cr |
| Total Borrowings | ₹111.11 Cr | ₹80.79 Cr | ₹77.93 Cr |
Figures are in ₹ crore unless otherwise stated.
Deepa Jewellers IPO Key Performance Indicators
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 56.45% |
| ROCE | 52.08% |
| Debt / Equity | 0.47 |
| RoNW | 56.45% |
| PAT Margin | 5.44% |
| EBITDA Margin | 7.60% |
| NAV | ₹29.03 |
Deepa Jewellers IPO Valuation
At the upper price band of ₹177 per share, Deepa Jewellers is expected to have a post-issue market capitalisation of approximately ₹1,701.40 crore.
| Valuation Metric | Value |
|---|---|
| EPS | ₹4.95 |
| Market Cap at Offer Price | ₹1,701.40 Cr |
| NAV | ₹29.03 |
Investors should evaluate the IPO valuation along with the company’s earnings growth, profitability, return ratios, debt levels, business scale, competitive position and prospects of the jewellery industry.
Deepa Jewellers IPO Objectives
The primary objective of the fresh issue is to provide long-term working capital to the company. The funds are proposed to be used towards procurement, maintenance and scaling up of inventory. The remaining proceeds will be used for general corporate purposes.
| No. | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding long-term working capital requirements for procurement, maintenance and scaling up of inventory | ₹215 Cr |
| 2 | General Corporate Purposes | Balance Amount |
Deepa Jewellers Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 72.98% |
| Public | — | 27.02% |
| Total | 100% | 100% |
Company Promoters: Ashish Agarwal, Seema Agarwal and Dev Agarwal.
Deepa Jewellers IPO Offer for Sale
The offer for sale component comprises 1,18,48,340 equity shares aggregating to approximately ₹209.72 crore at the upper price band.
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| Ashish Agarwal | Promoter | 59,24,170 | ₹104.86 Cr |
| Seema Agarwal | Promoter | 59,24,170 | ₹104.86 Cr |
| Total | — | 1,18,48,340 | ₹209.72 Cr |
Deepa Jewellers IPO Review
IPO Review:
Deepa Jewellers Limited operates in the gold and diamond jewellery business, with activities spanning retail and wholesale trading. The company has developed a diversified product portfolio covering traditional and contemporary jewellery designs.
One of the key positives is the company’s established customer and distribution network. As of July 31, 2026, the company had a network covering 13 states and one Union Territory, with 47 jewellery retail chains and 326 standalone stores.
The company also reported strong financial performance. Total income increased from ₹1,400.10 crore in FY2025 to ₹1,927.73 crore in FY2026, while PAT increased from ₹40.58 crore to ₹104.79 crore.
Profitability ratios were also strong, with FY2026 ROE and RoNW at 56.45% and ROCE at 52.08%. The company reported a debt-to-equity ratio of 0.47.
The fresh issue proceeds are primarily intended to fund long-term working capital requirements, particularly procurement and inventory. This is important for a jewellery business because inventory requirements can be significant as the company scales its operations.
At the upper price band of ₹177, the expected market capitalisation is approximately ₹1,701.40 crore. Investors should evaluate this valuation against the company’s earnings, growth rate, return ratios and the risks associated with fluctuations in gold prices and consumer demand.
Overall, the company’s improving revenue, profitability and return ratios are important positives. However, investors should also consider jewellery-sector risks, working-capital requirements, competition, gold-price volatility and the company’s ability to sustain its recent growth before making an investment decision.
What Is Deepa Jewellers IPO GMP?
GMP stands for Grey Market Premium. It is an unofficial indicator that some market participants use to assess investor sentiment and possible demand for an IPO before its shares start trading on the stock exchanges.
The grey market operates outside the formal stock exchange system. GMP can change frequently based on demand, market conditions, subscription trends and investor sentiment.
GMP is not an official indicator and does not guarantee the actual listing price or listing gain. The final market price after listing can differ significantly from grey-market expectations.
Deepa Jewellers IPO Registrar
Bigshare Services Pvt. Ltd. is the registrar appointed for the Deepa Jewellers IPO. The registrar is responsible for processing IPO applications, maintaining allotment records, handling refunds and facilitating the credit of allotted shares into investors’ demat accounts.
Phone: 8657578989 / 8069219065 / 8069219060
Email: ipo@bigshareonline.com
Deepa Jewellers IPO Lead Managers
| No. | Book Running Lead Manager |
|---|---|
| 1 | Emkay Global Financial Services Ltd. |
| 2 | Valmiki Leela Capital Pvt. Ltd. |
Deepa Jewellers Limited Contact Details
Ground floor and first floor,
Door No. 3-6-343 & 344,
Basheerbagh, Himayathnagar,
Hyderabad, Telangana, 500029
Phone: +91 76809 62117
Email: cs@deepajewel.com
Website: deepajewel.com
Deepa Jewellers IPO RHP
Investors can refer to the official Deepa Jewellers IPO Red Herring Prospectus (RHP) for detailed information about the company’s business, financial performance, risks, objects of the issue and other IPO-related disclosures.
View Deepa Jewellers IPO RHP →
Deepa Jewellers IPO FAQs
When will Deepa Jewellers IPO open?
The Deepa Jewellers IPO is scheduled to open for subscription on September 1, 2026.
When will Deepa Jewellers IPO close?
The IPO subscription period is scheduled to close on September 3, 2026.
What is the Deepa Jewellers IPO price band?
The price band has been fixed at ₹168 to ₹177 per equity share.
What is Deepa Jewellers IPO lot size?
The minimum application size is 84 shares.
What is the minimum investment for Deepa Jewellers IPO?
At the upper price of ₹177 per share, one lot of 84 shares requires an investment of ₹14,868.
What is the total size of Deepa Jewellers IPO?
The IPO comprises approximately ₹459.72 crore and includes a fresh issue of ₹250 crore and an offer for sale of approximately ₹209.72 crore.
How many shares are offered in Deepa Jewellers IPO?
The total issue comprises 2,59,72,633 equity shares.
How much is the fresh issue in Deepa Jewellers IPO?
The fresh issue comprises 1,41,24,293 shares aggregating to approximately ₹250 crore.
What is the Deepa Jewellers IPO OFS size?
The offer for sale comprises 1,18,48,340 shares, aggregating to approximately ₹209.72 crore at the upper price band.
What is the Deepa Jewellers IPO market cap?
At the upper price band of ₹177 per share, the expected post-issue market capitalisation is approximately ₹1,701.40 crore.
When will Deepa Jewellers IPO allotment be finalized?
The basis of allotment is expected to be finalized on September 4, 2026.
When will Deepa Jewellers shares be listed?
The tentative listing date is September 8, 2026 on both BSE and NSE.
Who is the registrar of Deepa Jewellers IPO?
Bigshare Services Pvt. Ltd. is the registrar appointed for the Deepa Jewellers IPO.
Who are the lead managers of Deepa Jewellers IPO?
Emkay Global Financial Services Ltd. and Valmiki Leela Capital Pvt. Ltd. are the book running lead managers for the issue.
What are the objectives of Deepa Jewellers IPO?
The company proposes to use the fresh issue proceeds primarily for long-term working capital requirements, including procurement, maintenance and scaling up of inventory. The remaining amount will be used for general corporate purposes.
Is Deepa Jewellers profitable?
Yes. Deepa Jewellers reported a profit after tax of ₹104.79 crore in FY2026, compared with ₹40.58 crore in FY2025.
What is the Deepa Jewellers IPO EPS?
The reported EPS for Deepa Jewellers is ₹4.95.
What is Deepa Jewellers IPO GMP?
GMP means Grey Market Premium. It is an unofficial indicator of investor sentiment and possible listing expectations. GMP can change frequently and does not guarantee the actual listing price.
Where can I check Deepa Jewellers IPO GMP?
You can check the latest grey market premium updates on the Deepa Jewellers IPO GMP page on TradingMinds.
Disclaimer: This IPO article is intended only for general informational and educational purposes. It should not be treated as investment, financial or trading advice. IPO dates, issue details, price bands, allotment schedules, financial figures, subscription data and other information may change based on official announcements. Grey market premium figures are unofficial and can fluctuate substantially. Investors should carefully read the official IPO documents and evaluate the company’s business, financial position, valuation, growth prospects, competitive environment and associated risks before making any investment decision.
