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Deepa Jewellers IPO
Price Band
₹168.0–177.0
Issue Size
₹459.72 Cr
Lot Size
84 shares
Min Investment
₹14,868
GMP
+₹25.0 (14.12%)
Issue Price
₹177.0
Subject to Sauda
₹1600
Paid only if allotted
Deepa Jewellers IPO AI Summary
- Deepa Jewellers IPO is listed on BSE, NSE in the Gems, Jewellery And Watches sector.
- Price band: ₹168.0–₹177.0 per share, lot size 84 shares (min. investment ₹14,868).
- Subscription window: 01 Sep–03 Sep 2026, listing on 08 Sep 2026.
- Current GMP is +₹25.0 (14.12%), an estimated listing price of ₹202 — unofficial and can change daily.
Deepa Jewellers Ltd. is set to enter the market with a strong product portfolio and established market presence. With a significant subscription response and a favorable GMP, the IPO presents an opportunity for investors looking to engage in the jewellery sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Deepa Jewellers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Sep 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
43.40x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
36.73x
|
37x ✓ |
| NII (HNI) |
109.04x
|
109x 🔥 |
| ↳ bNII (>₹10L) |
127.56x
|
128x 🔥 |
| ↳ sNII (<₹10L) |
72.02x
|
72x ✓ |
| Retail (RII) |
19.09x
|
19x ✓ |
| Total | 43.40x | 43.40x |
Auto-updated every 5 min · As of 3rd Sep 2026 18:56
Deepa Jewellers IPO Grey Market Premium (GMP) Today
GMP
+₹25.0
GMP %
+14.12%
Est. Listing
₹202.0
Updated: 08 Sep 2026 04:30
GMP Trend (Last 13 Days)
About the Company
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. 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. 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 on November 30, 2025, they have a product portfolio of 14 products and 76 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 cutbangles Established procurement network and long -standing relationship with karigars Well experienced Promoters and a professional management team with sectoral experience
Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 357.18 | 217.67 | 174.64 |
| Total Income | 1,927.73 | 1,400.10 | 1,025.73 |
| Profit After Tax | 104.79 | 40.58 | 24.35 |
| EBITDA | 146.34 | 56.01 | 35.77 |
| NET Worth | 238.07 | 133.21 | 92.55 |
| Reserves and Surplus | 221.67 | 129.11 | 88.45 |
| Total Borrowing | 111.11 | 80.79 | 77.93 |
Key Ratios
EPS
₹4.95
NAV
₹29.03
ROE
56.45%
ROCE
52.08%
RoNW
56.45%
PAT Margin
5.44%
Debt/Equity
0.47
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Khazanchi Jewellers Ltd | 129.14 | 32.45% | 22.22 | 36.1 | 36.1 |
| Rbz Jewellers Ltd | 74.96 | 20.11% | 10.08 | 13.7 | 13.7 |
| Shringar House Of Mangalsutra Ltd | 70.29 | 26.29% | 17.02 | 13.55 | 13.55 |
| Shanti Gold International Ltd | 83 | 37.34% | 12.72 | 21.22 | 21.22 |
| Sky Gold And Diamonds Ltd | 72.02 | 23.88% | 57.56 | 13.97 | 13.96 |
| Deepa Jewellers Ltd. This IPO | 29.03 | 56.45% | — | 12.78 | 12.78 |
Promoters
Ashish Agarwal, Seema Agarwal, Dev Agarwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company 215.00 2 General Corporate Purposes 12.15 3 Issue Expenses 41.95 Total 269.10
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1,025.73 Cr in the year ending 31 Mar 2024, rising to ₹1,400.10 Cr by 31 Mar 2025, and further increasing to ₹1,927.73 Cr by 31 Mar 2026.
Profit Trend
Profit after tax was ₹24.35 Cr in the year ending 31 Mar 2024, increasing to ₹40.58 Cr by 31 Mar 2025, and further rising to ₹104.79 Cr by 31 Mar 2026.
Valuation
Deepa Jewellers Ltd. has an implied P/E of approximately 35.00 at the issue price of ₹177.0, compared to peers trading at a P/E range of 10.08 to 57.56.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares are expected to trade in the unofficial market before listing. A positive GMP suggests that the IPO might list at a higher price than the issue price, while a negative GMP indicates the opposite.
Subscription Demand
As of 3rd Sep 2026, the IPO was subscribed 43.4 times overall. The QIB category saw a subscription of 36.73 times, NII (HNI) was subscribed 109.04 times, and Retail (RII) was subscribed 19.09 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and volatility.
IPO Timeline, Explained
The IPO opened for subscription on 1st September 2026 and closed on 3rd September 2026. Allotment of shares is expected on 4th September 2026, with the listing date set for 8th September 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the listing day at a higher price than the issue price. However, there are risks involved, as market conditions can change rapidly, and there is no guarantee of listing gains.
This evaluation is generated from Deepa Jewellers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Deepa Jewellers IPO GMP today?
Deepa Jewellers IPO GMP today is +₹25.0 (14.12%), indicating an estimated listing price of ₹202. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Deepa Jewellers IPO?
The price band of Deepa Jewellers IPO is ₹168.0–₹177.0 per share.
When does Deepa Jewellers IPO open and close?
Deepa Jewellers IPO opens on 01 September 2026 and closes on 03 September 2026.
When does Deepa Jewellers IPO list on the stock exchange?
Deepa Jewellers IPO listed on 08 September 2026 at ₹202.0.
What is the lot size for Deepa Jewellers IPO?
The lot size for Deepa Jewellers IPO is 84 shares, requiring a minimum investment of ₹14,868.
What is the lot size for the Deepa Jewellers IPO?
The lot size for the Deepa Jewellers IPO is 84 shares.
What is the minimum investment required?
The minimum investment required is ₹14,868.
What is the price band for the IPO?
The price band for the Deepa Jewellers IPO is ₹168.0 to ₹177.0.
When is the listing date for the IPO?
The listing date for the Deepa Jewellers IPO is 8th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price at which shares will trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
01 Sep 2026
Close
03 Sep 2026
Allotment
04 Sep 2026
Listing
08 Sep 2026
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