
Deepa Jewellers
OPENIPO 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 IPO | Amount |
|---|---|
| Overall | 460 Cr |
| Fresh Issue | 250 Cr |
| Offer for Sale | 209.72 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 4 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.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 31 Aug 2026 | ₹177 | ₹55 | ₹232 (31.07%) |
| 30 Aug 2026 | ₹177 | ₹45 | ₹222 (25.42%) |
| 29 Aug 2026 | ₹177 | ₹53 | ₹230 (29.94%) |
| 28 Aug 2026 | ₹177 | ₹47 | ₹224 (26.55%) |
| 27 Aug 2026 | ₹177 | ₹47 | ₹224 (26.55%) |
| 26 Aug 2026 | ₹177 | ₹0 | ₹177 (0%) |
Performance Deepa Jewellers
| Issue Price | Listing Gain | Current Market Price | P/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 in | 2016 |
| Managing director | Mr 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
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |