Deepa Jewellers IPO 2026: Price Band, GMP, Subscription, Financials & Key Details

The Deepa Jewellers IPO is scheduled to open for subscription on September 1, 2026, and close on September 3, 2026. The IPO is a Mainboard Book Build Issue of ₹459.72 crore, comprising a ₹250 crore fresh issue and an Offer for Sale (OFS) of ₹209.72 crore.

The IPO price band has been fixed at ₹168 to ₹177 per share, with a face value of ₹2 per equity share. Retail investors can apply for a minimum of 84 shares, requiring an investment of ₹14,868 at the upper price band.

The shares are proposed to be listed on both the NSE and BSE on September 8, 2026.

Deepa Jewellers Ltd. is engaged in the retail and wholesale trading of gold and diamond jewellery. The company offers traditional and contemporary jewellery designs, including bangles, necklaces, earrings, rings and customized ornaments.

In this article, we cover the Deepa Jewellers IPO details, GMP, subscription status, IPO timeline, lot size, financial performance, business model, objectives, competitive strengths, risks, peer comparison and allotment details.

Deepa Jewellers IPO Details

Deepa Jewellers IPO Timeline

Allotment, refund, demat credit and listing dates are tentative and subject to change.

Deepa Jewellers IPO GMP

As of August 27, 2026, the Deepa Jewellers IPO GMP is ₹18.
At the upper IPO price of ₹177, the current estimated listing price based on the GMP is approximately ₹195 per share.
 

The current GMP of ₹18 represents an indicative 10.17% premium over the upper price band.
However, GMP is an unofficial and unregulated market indicator. It can change before listing and should not be considered a guaranteed listing gain.

Deepa Jewellers IPO Subscription Status

The Deepa Jewellers IPO will open for subscription on September 1, 2026, and close on September 3, 2026.

Since bidding has not started yet, live subscription data is currently unavailable.

The subscription figures will be updated once bidding begins.

Deepa Jewellers IPO Day-wise Subscription Trend

What is the Current Subscription Data for Deepa Jewellers?

The current subscription data is not available because the IPO has not yet opened for bidding.

Once the issue opens, subscription figures will be updated based on bids received from QIB, NII and Retail investors.

Deepa Jewellers Financial Performance

Deepa Jewellers has reported strong growth in revenue and profitability over the last three financial years.

The company's total income increased from ₹1,025.73 crore in FY24 to ₹1,927.73 crore in FY26.
During the same period, PAT increased from ₹24.35 crore to ₹104.79 crore, while EBITDA increased from ₹35.77 crore to ₹146.34 crore.

Deepa Jewellers Key Financial Ratios

The company reported a 56.45% ROE and 52.08% ROCE in FY26. Its EBITDA margin stood at 7.60%, while the PAT margin was 5.44%.

Deepa Jewellers IPO Valuation

Based on the provided IPO financial information:

The promoters Ashish Agarwal, Seema Agarwal and Dev Agarwal are expected to see their combined shareholding reduce after the IPO.

What is Deepa Jewellers Ltd.?

Deepa Jewellers Ltd. operates in the gems and jewellery industry and is engaged in the retail and wholesale trading of gold and diamond jewellery.

The company offers a range of traditional and contemporary jewellery products designed to cater to different customer preferences. Its product portfolio includes jewellery such as rings, necklaces, earrings, bangles and customized ornaments.

As of November 30, 2025, the company had a product portfolio comprising 14 product categories and 76 SKUs.

Product Portfolio

The company's major jewellery categories include:

• Vaddanam (waist belt)
• CNC machine-cut bangles
• Gents kada
• Vanky (armlet)
• Dandpatti (bajuband)
• Gundlamala haaram
• Gundlamala necklace
• Kangan
• Earrings
• Mangtika
• Maatil
• Champasaralu
• Jada
• Rings

The company focuses particularly on products such as Vaddanam and CNC machine-cut bangles.

Deepa Jewellers IPO Objectives

The company plans to use the net IPO proceeds primarily towards long-term working capital requirements.

The fresh issue proceeds are expected to support the company's working capital requirements, particularly for jewellery procurement and inventory expansion.

Competitive Strengths of Deepa Jewellers

Strong Presence in the Southern Market

Deepa Jewellers has established its presence in the southern Indian jewellery market and caters to customers across its target markets.

Established Customer Relationships

The company has developed long-standing relationships with jewellery retail chains and standalone stores, supporting its distribution network.

Diverse Product Portfolio

Deepa Jewellers offers multiple jewellery categories across different designs and weight ranges, helping cater to varied customer requirements.

Specialisation in Traditional Jewellery

The company has specialised offerings such as Vaddanam and CNC machine-cut bangles, which differentiate its product portfolio.

Established Procurement Network

The company has an established procurement network and long-standing relationships with skilled karigars, supporting its jewellery manufacturing and sourcing activities.

Experienced Management

The promoters and management team have experience in the jewellery sector, supporting the company's business operations and expansion plans.

Risks Investors Should Consider

Gold Price Volatility

Fluctuations in gold prices can affect jewellery demand, inventory valuation and working capital requirements.

Working Capital Requirements

The jewellery business requires significant working capital for procurement and maintaining inventory. The IPO proceeds are largely intended to support these requirements.

Competition

The company operates in a highly competitive jewellery market with established organised and unorganised players.

Consumer Demand

Jewellery demand can be influenced by economic conditions, disposable income, wedding seasons and changing consumer preferences.

Regional Concentration

A significant presence in the southern market may expose the company to regional demand fluctuations.

OFS Component

The IPO includes an OFS of ₹209.72 crore. Unlike the fresh issue, proceeds from the OFS will go to the selling shareholders rather than directly to the company.

Should You Invest in Deepa Jewellers IPO?

Deepa Jewellers operates in the jewellery sector with a focus on gold and diamond jewellery, traditional designs and specialised products such as Vaddanam and CNC machine-cut bangles.

The company has reported strong financial growth. Total income increased to ₹1,927.73 crore in FY26, while PAT increased to ₹104.79 crore. The company also reported a 56.45% ROE and 52.08% ROCE.

The IPO will raise ₹459.72 crore, including a ₹250 crore fresh issue and ₹209.72 crore OFS. The fresh proceeds are primarily intended for working capital requirements.

The current GMP of ₹18 indicates an estimated listing price of around ₹195 at the upper price band. However, GMP is unofficial and can change rapidly before listing.

Investors should evaluate the company's financial performance, valuation, jewellery industry outlook, working capital requirements, competition and IPO structure before making an investment decision.

Deepa Jewellers IPO Allotment Status

The tentative allotment date for the Deepa Jewellers IPO is September 4, 2026.

After the allotment is finalized, investors can check their allotment status through the official registrar, Bigshare Services Pvt. Ltd.

How to Check Deepa Jewellers IPO Allotment Status?

• Visit the Bigshare Services IPO allotment page.
• Select Deepa Jewellers from the issuer list.
• Choose PAN, application number or DP ID/client ID.
• Enter the required details.
• Click on the search option to view your allotment status.
• Investors may also receive allotment and refund updates through their registered bank, broker, email or SMS.

Deepa Jewellers IPO Registrar

Registrar: Bigshare Services Pvt. Ltd.

The registrar is responsible for processing IPO applications, finalising the basis of allotment, coordinating refunds and facilitating the credit of shares to successful applicants.

Deepa Jewellers IPO Lead Managers

The book-running lead managers for the IPO are:

• Emkay Global Financial Services Ltd.
• Valmiki Leela Capital Pvt. Ltd.

Deepa Jewellers Company Details

• Registered Office:
  Ground Floor and First Floor,
  Door No. 3-6-343 & 344,
  Basheerbagh, Himayathnagar,
  Hyderabad, Telangana – 500029
• Website: Deepa Jewellers
• Email: cs@deepajewel.com
• Phone: +91 76809 62117

Deepa Jewellers IPO Peer Comparison

Based on the provided DRHP/RHP data, Deepa Jewellers can be compared with other listed jewellery companies.

Deepa Jewellers reported a 56.45% RoNW, which is higher than the RoNW reported by the listed peers in the provided comparison.

Summary

The Deepa Jewellers IPO is a ₹459.72 crore Mainboard Book Build Issue, comprising a ₹250 crore fresh issue and ₹209.72 crore OFS. The IPO price band is fixed at ₹168–₹177 per share, with a minimum retail investment of ₹14,868.

The company operates in the gems and jewellery sector, offering gold and diamond jewellery across traditional and contemporary designs. Its product portfolio includes Vaddanam, CNC machine-cut bangles, necklaces, earrings, rings and other jewellery products.

Deepa Jewellers reported ₹1,927.73 crore of total income and ₹104.79 crore of PAT in FY26. Its ROE stood at 56.45%, while ROCE was 52.08%.

As of August 27, 2026, the IPO's GMP stands at ₹18, implying an indicative listing price of ₹195 at the upper price band.

Investors should evaluate the company's financial performance, valuation, working capital requirements, competitive position, IPO structure and jewellery industry risks before making an investment decision.

Frequently Asked Questions (FAQs)

What is the Deepa Jewellers IPO?

Deepa Jewellers IPO is a Mainboard Book Build IPO worth ₹459.72 crore, comprising a ₹250 crore fresh issue and ₹209.72 crore Offer for Sale.

What are the Deepa Jewellers IPO dates?

The IPO will open on September 1, 2026, and close on September 3, 2026.

What is the Deepa Jewellers IPO price band?

The IPO price band is fixed at ₹168 to ₹177 per share.

What is the lot size of Deepa Jewellers IPO?

The minimum lot size is 84 shares, requiring an investment of ₹14,868 at the upper price band.

What is the Deepa Jewellers IPO GMP today?

As of August 27, 2026, the GMP is ₹18, indicating an estimated listing price of around ₹195 based on the upper price band.

When will Deepa Jewellers IPO allotment take place?

The tentative allotment date is September 4, 2026.

When will Deepa Jewellers IPO list?

The shares are expected to list on September 8, 2026, on both NSE and BSE.

What is the total issue size of Deepa Jewellers IPO?

The total IPO size is ₹459.72 crore, including ₹250 crore through a fresh issue and ₹209.72 crore through OFS.

What does Deepa Jewellers do?

Deepa Jewellers is engaged in the retail and wholesale trading of gold and diamond jewellery, including traditional and contemporary jewellery products.

How will Deepa Jewellers use the IPO proceeds?

The company plans to use ₹215 crore of the IPO proceeds towards long-term working capital requirements, including procurement and scaling up of inventory. The balance is intended for general corporate purposes.

Who is the registrar of Deepa Jewellers IPO?

The registrar of the Deepa Jewellers IPO is Bigshare Services Pvt. Ltd.

Who are the lead managers of Deepa Jewellers IPO?

The lead managers are Emkay Global Financial Services Ltd. and Valmiki Leela Capital Pvt. Ltd.

Disclaimer

This article is intended for informational and educational purposes only and should not be considered financial or investment advice. IPO details, Grey Market Premium (GMP), subscription figures, allotment dates and listing timelines are subject to change. Investors should carefully read the Red Herring Prospectus (RHP), verify the latest information from official sources and consult a qualified financial advisor before making any investment decision. Investments in the stock market are subject to market risks.

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.

She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.

Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.