Deepa Jewellers

Deepa Jewellers

OPEN

IPO Date: 1 Sept - 3 Sept 2026

Listing Date: 8 Sept 2026

Price Range

Rs.168 - Rs.177

Issue Size

460 Cr

Min Investment

14,112

Lot Size

84 Shares

Schedule of Deepa Jewellers

Issue open date

1 Sept 2026

Issue close date

3 Sept 2026

UPI mandate deadline

3 Sept 2026 (5 PM)

Allotment finalization

4 Sept 2026

Share credit

7 Sept 2026

Listing date

8 Sept 2026

Mandate end date

18 Sept 2026

Issue size

Funds Raised in the IPOAmount
Overall460 Cr
Fresh Issue250 Cr
Offer for Sale209.72 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date4 Sept 2026
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
31 Aug 202617755232 (31.07%)
30 Aug 202617745222 (25.42%)
29 Aug 202617753230 (29.94%)
28 Aug 202617747224 (26.55%)
27 Aug 202617747224 (26.55%)
26 Aug 20261770177 (0%)

Performance Deepa Jewellers

Issue PriceListing GainCurrent Market PriceP/L
Rs.168 - Rs.177............

About Deepa Jewellers

Deepa Jewellers is a business-to-business (B2B) company engaged in designing, processing and supplying 22-karat hallmarked gold jewellery to jewellery retail chains and standalone stores. The company also undertakes job work assignments and trades in silver ornaments, 18-karat and 20-karat gold ornaments, precious stones, and gold bullion. Its jewellery portfolio includes vaddanam which is a a traditional South Indian gold waist belt, CNC machine-cut bangles, gents kada, vanky, dandpatti, necklaces, kangan, earrings, mangtika, maatil, jada, rings, and bracelets, among other products. As of July 31, 2026, it had 16 product categories and 110 SKUs, with 15 in-house designers. The company follows an outsourced manufacturing model and works with a network of 41 karigars. It supplies gold, alloys, and precious stones to the karigars, who manufacture jewellery according to its designs and specifications. The company is setting up an in-house manufacturing facility in Hyderabad, Telangana, and operates a sales office in Vijayawada, Andhra Pradesh, which was opened in November 2025.

Founded in2016
Managing directorMr Ashish Agarwal
Parent organization

Financial Overview

Strengths

  • Strong B2B focus with diverse products like vaddanam and bangles.
  • Asset-light model with 100% manufacturing outsourced to third-party karigars.
  • Established and significant market presence across Southern India.
  • Strong financial performance with PAT CAGR of 107.46% (FY24-FY26).
  • Stringent quality controls, including BIS hallmarking and fire assaying

Risks

  • High customer concentration, with the top 10 contributing 64.67% of revenue.
  • Heavy regional reliance on Southern India exposes the business to local risks.
  • Complete dependence on third-party karigars creates supply and quality risks.
  • Significant supplier concentration, with the top 10 providing 91.81% of purchases.
  • History of negative operating cash flows in Fiscal 2025 and 2026.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)N/A
Retail Individual Investors (RIIs)N/A
EmployeeN/A
TotalN/A