Deepa Jewellers IPO open date is September 1, 2026 and the IPO will close on September 3, 2026. Deepa Jewellers IPO is a Book-build Issue. The company to raise around ₹459.72 crores via IPO that comprises fresh issue of ₹250 crores and offer for sale up to 1,18,48,340 equity shares with face value of ₹2 each.
Deepa Jewellers IPO price band is ₹168 to ₹177 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Deepa Jewellers IPO to list on BSE, NSE on September 8, 2026. The allotment of Deepa Jewellers IPO date is September 4, 2026.
The company reported revenue of ₹1,927.73 crores in 2026 against ₹1,400.10 crores in 2025. The company reported profit of ₹104.79 crores in 2026 against profit of ₹40.58 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.
Deepa Jewellers (Mainboard) Subscription Status
Last updated on 01-Sep-2026 19:35:22
| Subscription Details (No. of Shares) | |||
|---|---|---|---|
| Category | Offered | Applied | Times |
| QIBs | 5194528 | 578844 | 0.11 |
| HNIs | 3895895 | 2563428 | 0.66 |
| HNIs 10+ | 2597263 | 959448 | 0.37 |
| HNIs 2+ | 1298632 | 1603980 | 1.24 |
| Retail | 9090422 | 13115844 | 1.44 |
| Total | 18180845 | 16258116 | 0.89 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 2209 | 162 | 0.07 |
| HNIs (2-10L) | 1104 | 1287 | 1.17 |
| Retail | 108219 | 132433 | 1.22 |
Total Applications: 133882
Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Applied | Times |
| QIBs | 91.94 | 10.25 | 0.11 |
| FIIs | - | 0 | - |
| DIIs | - | 0.02 | - |
| Mutual funds | - | 0.02 | - |
| Others | - | 10.2 | - |
| HNIs | 68.96 | 45.37 | 0.66 |
| HNIs 10+ | 45.97 | 16.98 | 0.37 |
| HNIs 2+ | 22.99 | 28.39 | 1.24 |
| Retail | 160.9 | 232.15 | 1.44 |
| Total | 321.8 | 287.77 | 0.89 |
| 7% | 8% | 9% | 10% | 11% | 12% |
|---|---|---|---|---|---|
| ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
Lot Size & Investment
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 84 | 14868 | 108219 |
| sHNI | 14 | 1176 | 208152 | 1104 |
| bHNI | 68 | 5712 | 1011024 | 2209 |
Share Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 25972634 | 100% |
| Anchor | 7791789 | 30% |
| QIB | 5194528 | 20% |
| HNI | 3895895 | 15% |
| Retail | 9090422 | 35% |
About the Company
IPO Details
| Total Issue Size | 2,59,72,633 shares (aggregating up to ₹459.72 Cr) |
| Fresh Issue | 14,124,293 shares (aggregating up to ₹250 Cr) |
| Offer For Sale | 11,848,340 shares (aggregating up to ₹209.72 Cr) |
| Face Value | ₹2/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 82,000,000 Equity Shares |
| Share Holding Post Issue | 9,61,24,293 Equity Shares |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 56.45% | 35.95% | 30.30% |
| EPS (BASIC) | 12.78 | 4.95 | 2.97 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 357.17 | 217.67 | 174.63 |
| Total Income | 1,927.72 | 1,400.10 | 1,025.72 |
| Profit After Tax | 104.78 | 40.58 | 24.34 |
| EBITDA | 146.33 | 56 | 35.77 |
| NET Worth | 237.84 | 132.98 | 92.33 |
| Reserves and Surplus | 221.67 | 129.1 | 88.45 |
| Total Borrowing | 111.11 | 80.78 | 77.92 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Deepa Jewellers Limited | - | - | 2 |
| Sky Gold and Diamonds Limited | 57.56 | 803.6 | 10 |
| Shanti Gold International Limited | 12.72 | 269.9 | 10 |
| Shringar House of Mangalsutra Limited | 17.02 | 230.65 | 10 |
| RBZ Jewellers Limited | 10.08 | 138.15 | 10 |
| Khazanchi Jewellers Limited | 22.22 | 802.85 | 10 |
Source: RHP, the P/E Ratio has been computed based on the closing market price of equity shares on August 21, 2026, on www.bseindia.com divided by the Diluted EPS as on March 31, 2026.
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Deepa Jewellers Limited | 29.03 | 56.45% | 12.78 |
| Sky Gold and Diamonds Limited | 72.02 | 23.88% | 13.97 |
| Shanti Gold International Limited | 83 | 37.34% | 21.22 |
| Shringar House of Mangalsutra Limited | 70.29 | 26.29% | 13.55 |
| RBZ Jewellers Limited | 74.96 | 20.11% | 13.7 |
| Khazanchi Jewellers Limited | 129.14 | 32.45% | 36.1 |
About Company
Incorporated in 2016, Deepa Jewellers Ltd. is engaged in the retail and wholesale trading of gold and diamond jewellery, offering traditional and contemporary designs. Its products include rings, necklaces, earrings, bangles, and customised ornaments.
The company offers a diverse product portfolio including vaddanam, CNC machine-cut bangles, gents kada, vanky, dandpatti, gundlamala haaram, gundlamala necklace, kangan, earrings, mangtika, maatil, champasaralu, jada, and rings.
Deepa Jewellers focuses on purity, transparent pricing, and customer trust. It operates through physical stores and distribution channels and also uses a third-party mobile application, “Deepa Jewellers Limited,” commissioned on June 25, 2021, to display jewellery designs and enhance brand visibility.
As of July 31, 2026, the company had a customer network across 13 states and 1 Union Territory, comprising 373 customers, including 47 jewellery retail chains and 326 standalone stores. It offered 16 products and 110 SKUs across its product categories.
Strengths
Strong Presence in Southern India: The company has an established presence in Southern India, which contributes significantly to its business and revenue generation.
Established Customer Base: Deepa Jewellers has long-standing relationships with jewellery retail chains and standalone stores. Its customer network spans 13 states and one Union Territory, comprising 373 customers.
Specialised and Diverse Product Portfolio: The company offers a diverse range of jewellery products across different designs and weight ranges. It has particular specialisation in vaddanam and CNC machine-cut bangles, alongside 16 products and 110 SKUs.
Risk Factors
Customer Concentration Risk: The company's top 10 customers contributed ₹12,460.30 million, ₹8,839.29 million and ₹6,901.89 million, representing 64.67%, 63.27% and 67.36% of revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Any reduction or termination of business by these customers could significantly affect the company's business and financial performance.
Dependence on Key Products: The company derives a significant portion of revenue from vaddanam and CNC machine-cut bangles. Vaddanam contributed ₹8,062.41 million, ₹4,830.59 million and ₹3,755.56 million, representing 41.85%, 34.58% and 36.66% of revenue in Fiscals 2026, 2025 and 2024, respectively, while CNC machine-cut bangles contributed ₹5,948.53 million, ₹5,842.21 million and ₹4,075.94 million, representing 30.87%, 41.82% and 39.78%, respectively.
Southern India Concentration: A significant portion of the company's business and revenue is concentrated in Southern India. Revenue from the region was ₹18,181.87 million, ₹13,738.07 million and ₹10,199.85 million, representing 94.37%, 98.33% and 99.55% of total revenue in Fiscals 2026, 2025 and 2024, respectively. Any adverse regional developments could affect the company's business and financial performance.
IPO Lead Managers aka Merchant Bankers
- Emkay Global Financial Services Ltd.
- Valmiki Leela Capital Pvt. Ltd.
Company Address
Deepa Jewellers Ltd.
Ground floor and first floor,
door no. 3- 6-343 & 344,
Basheerbagh, Himayathnagar,
Hyderabad, Telangana, 500029
Phone: + 91 76809 62117
Email: cs@deepajewel.com
Website: https://www.deepajewel.com/
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Deepa Jewellers IPO FAQs
What is Deepa Jewellers IPO?
Deepa Jewellers IPO is Mainboard IPO. The company is going to raise ₹459.72 Crores via IPO. The issue is priced at ₹168 to ₹177 per equity share. The IPO is to be listed on BSE & NSE.
When Deepa Jewellers IPO will open for subscription?
The IPO is to open on September 1, 2026 for QIB, NII, and Retail Investors. The IPO will close on September 3, 2026.
What is Deepa Jewellers IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Deepa Jewellers IPO?
You can apply for Deepa Jewellers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Deepa Jewellers IPO Issue Size?
Deepa Jewellers IPO issue size is ₹459.72 crores.
What is Deepa Jewellers IPO Price Band?
Deepa Jewellers IPO Price Band is ₹168 to ₹177.
What is Deepa Jewellers IPO Lot Size?
The minimum bid is 84 Shares with ₹14,868 amount.
What is the Deepa Jewellers IPO Allotment Date?
Deepa Jewellers IPO allotment date is September 4, 2026.
What is the Deepa Jewellers IPO Listing Date?
Deepa Jewellers IPO listing date is September 8, 2026. The IPO is to list on BSE & NSE.