Deepa Jewellers Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹168 - ₹177
- Lot size
- 84 shares
- Issue amount
- ₹459.72 cr
- Total subscription
- 43.4×
- Opens
- 1 Sept 2026
- Closes
- 3 Sept 2026
- Allotment
- 4 Sept 2026
- Listing
- 8 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 2,59,72,633 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹14,112
- Fresh issue
- ₹250 cr
- Offer for sale
- ₹209.72 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,868
- Issue type
- Bookbuilding IPO
- Shares before issue
- 8,20,00,000
- Shares after issue
- 9,61,24,293
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 84 | ₹14,868 |
| sHNI | 14 | 1,176 | ₹2,08,152 |
| bHNI | 68 | 5,712 | ₹10,11,024 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,08,219 | 18,56,704 |
| HNIs(10L +) | 2,209 | 57,450 |
| HNIs (2-10L) | 1,104 | 77,820 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 91.94 | 3,376.75 |
| FIIs | 0 | 802.3 |
| FIs | 0 | 792.57 |
| Mutual Funds | 0 | 233.04 |
| Others | 0 | 1,548.84 |
| RETAIL | 160.9 | 3,071.06 |
| HNIs 2+ | 22.99 | 1,655.45 |
| HNIs 10+ | 45.97 | 5,863.93 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 12.78 | 4.95 | 2.97 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 56.45 | 35.95 | 30.3 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Deepa Jewellers Limited | 0 | 0 | 2 | 29.03 | 56.45 | 12.78 |
| Sky Gold and Diamonds Limited | 57.56 | 803.6 | 10 | 72.02 | 23.88 | 13.97 |
| Shanti Gold International Limited | 12.72 | 269.9 | 10 | 83 | 37.34 | 21.22 |
| Shringar House of Mangalsutra Limited | 17.02 | 230.65 | 10 | 70.29 | 26.29 | 13.55 |
| RBZ Jewellers Limited | 10.08 | 138.15 | 10 | 74.96 | 20.11 | 13.7 |
| Khazanchi Jewellers Limited | 22.22 | 802.85 | 10 | 129.14 | 32.45 | 36.1 |
Company information
Company profile
Deepa Jewellers Ltd. operates in the retail and wholesale jewellery segment, offering a wide range of gold and diamond ornaments designed to suit both traditional and modern customer preferences. The company focuses on sourcing, designing, and selling products such as rings, necklaces, bangles, earrings, and customized jewellery, backed by skilled craftsmanship and quality materials. Its portfolio also includes traditional items like vaddanam, kangan, mangtika, and other cultural ornaments, with 14 product categories and 76 SKUs as of November 2025. With a strong emphasis on purity, transparent pricing, and customer trust, the company serves customers through physical stores and distribution channels while adapting to changing market trends and maintaining regulatory compliance.
Strengths
- Established Jewellery Brand: Deepa Jewellers has an established presence in the jewellery market, supported by brand recognition and customer relationships.
- Diversified Jewellery Portfolio: Offers a wide range of gold, diamond, and other jewellery products catering to different customer preferences and occasions.
- Strong Regional Presence: A well-established retail network and local customer base provide a foundation for brand loyalty and future expansion.
Risk factors
- Gold Price Volatility: Significant fluctuations in gold and precious metal prices can affect customer demand, inventory valuation, and profit margins.
- High Working Capital Requirement: Jewellery retailing requires substantial investment in inventory, which can increase working capital requirements and financial costs.
- Intense Competition: Faces competition from established jewellery chains, regional retailers, and online jewellery platforms, which may put pressure on pricing and margins.
Promoters
Ashish Agarwal
Seema Agarwal
Dev Agarwal
Registrar & documents
Lead manager
Emkay Global Financial Services Limited, Valmiki Leela Capital Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Deepa Jewellers Ltd. Ground floor and first floor, door no. 3- 6-343 & 344, Basheerbagh, Himayathnagar, Hyderabad, Telangana, 500029 Website: www.deepajewel.com
+91 76809 62117
[email protected]Company website ↗Understanding DEEPA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.