Deepa Jewellers Limited logo

IPO details · Updated

Deepa Jewellers Limited

ClosedMainboardNSE: DEEPABSE: 544903
Check Allotment
Price Band
₹168 – ₹177
Lot Size
84 shares
Min. Investment
₹14,868
Issue Size
₹459.72 Cr
Offer Dates
1 Sept – 3 Sept 2026
Listing
8 Sept 2026

Issue Details

Full details →
Total Issue Size
₹459.72 Cr
2,59,72,633 shares
Fresh Issue
₹250 Cr
1,41,24,293 shares
Offer for Sale
₹209.72 Cr
1,18,48,340 shares
Face Value
₹2 per share
Issue Type
Book-built IPO
Listing At
BSE, NSE
Shares Pre-Issue
8,20,00,000
Shares Post-Issue
9,61,24,293

IPO Timeline

  1. Offer opens

    1 Sept 2026

  2. Offer closes

    3 Sept 2026

  3. Allotment

    4 Sept 2026

  4. Listing

    8 Sept 2026

Issue Allocation

Share of the offer reserved for each investor category

  • Anchor30.0%77,91,789 shares
  • QIB20.0%51,94,527 shares
  • HNI15.0%38,95,895 shares
  • Retail35.0%90,90,422 shares

Subscription Status

Times subscribed by investor category

CategoryOfferedBidsSubscribed
QIB51,94,52719,07,76,852
36.73x
NII38,95,89542,48,23,532
109.04x
Retail90,90,42217,35,05,948
19.09x
Total1,81,80,84478,91,06,332
43.40x

Lot Size & Investment

1 lot = 84 shares

Retail (min)

1 lot · 84 shares

Retail (max)

13 lots · 1,092 shares

S-HNI (min)

14 lots · 1,176 shares

ApplicationLotsSharesAmount
Retail184₹14,868
Small HNI (S-HNI)141,176₹2,08,152
Big HNI (B-HNI)685,712₹10,11,024

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26Mar-25Mar-24
Assets357.18217.67174.64
Total Income1,927.731,400.11,025.73
Profit After Tax104.7940.5824.35
EBITDA146.3456.0135.77
Net Worth238.07133.2192.55
Reserves & Surplus221.67129.1188.45
Total Borrowing111.1180.7977.93

Key Performance Indicators

Key performance indicators
PeriodMar-26
RoNW (%)56.45
EPS (₹)12.78
P/E (pre-issue)13.85
P/E (post-issue)16.24

Peer Comparison

Listed companies in the same business

CompanyP/EROE
Sky Gold And Diamonds Ltd57.5623.88%
Shanti Gold International Ltd12.7237.34%
Shringar House Of Mangalsutra Ltd17.0226.29%
Rbz Jewellers Ltd10.0820.11%
Khazanchi Jewellers Ltd22.2232.45%

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. 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. Deepa Jewellers Ltd. emphasizes purity, transparent pricing, and customer trust, operating through physical stores and distribution channels while adhering to regulatory standards and evolving jewellery market trends. 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. The company use third-party mobile application namely “Deepa Jewellers Limited” to enhance their brand visibility, disseminate information and display product collections, which was commissioned by them on June 25, 2021. This application enables access to high-resolution images of selected jewellery designs to remote customers. As on July 31, 2026, they have a product portfolio of 16 products and 110 SKUs across their product categories. 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 vadannam 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

Objects of the Issue

  • Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company (₹215.00 Cr)
  • General Corporate Purposes (₹12.15 Cr)
  • Issue Expenses (₹41.95 Cr)

Promoters

  • <p>Ashish Agarwal
  • Seema Agarwal
  • Dev Agarwal</p>

Company Information

Book running lead managers
  • Emkay Global Financial Services Ltd.
  • Valmiki Leela Capital Pvt.Ltd.
Registered office
Ground floor and first floor,, door no. 3- 6-343 & 344,, Basheerbagh, Himayathnagar,, Hyderabad, Telangana, 500029

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.