Deepa Jewellers IPO Day 2: Subscription Status on 2 September 2026 and Listing Outlook
- September 2, 2026
- Posted by: Lakshit Sharma
- Category: Market
Deepa Jewellers IPO Day 2, 2 Sep 2026. Overall subscribed near 1.34x so far. Day 1 close: Retail 1.42x, NII 0.65x, QIB 0.11x. Price band Rs 168-177. Closes 3 Sep.
Quick Answer
The Deepa Jewellers IPO is in its second day of bidding on 2 September 2026, with the issue running past full subscription on a blended basis as retail demand continues to build. On Day 1, the offer closed with retail investors bidding 1.42 times their reserved portion, while the non-institutional and qualified institutional buyer categories remained under-subscribed at 0.65 times and 0.11 times respectively. Bidding for the Deepa Jewellers IPO stays open until 3 September 2026, and institutional demand typically firms up closer to the final day. Investors can track live category wise numbers on the NSE and BSE websites through the subscription window.
The Deepa Jewellers IPO has entered Day 2 of its three day bidding window, with the issue open for subscription from 1 September to 3 September 2026. Deepa Jewellers, a gold and diamond jewellery retailer incorporated in 2016, is raising Rs 459.72 crore through a combination of a fresh issue worth Rs 250 crore and an offer for sale of Rs 209.72 crore. The Deepa Jewellers IPO is a book built mainboard issue and will list on both NSE and BSE.
Day 1 bidding for the Deepa Jewellers IPO closed with an overall subscription of 0.88 times, driven mainly by retail participants. Day 2 activity has pushed the blended subscription figure higher, and the coming two sessions, including the final day on 3 September, will determine how the issue closes across all investor categories.
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Deepa Jewellers IPO Details
The table below sets out the key parameters of the Deepa Jewellers IPO, including the price band, lot size and important dates.
| Open Date | 1 September 2026 |
| Close Date | 3 September 2026 |
| Face Value | Rs 5 per share |
| Price Band | Rs 168 to Rs 177 per share |
| Lot Size | 84 shares |
| Issue Size | Rs 459.72 crore |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Allotment Date | 4 September 2026 |
| Listing Date | 8 September 2026 |
Deepa Jewellers IPO Subscription Status Day 2
Category wise bidding for the Deepa Jewellers IPO is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.
| Investor Category | Subscription at Day 1 Close (1 Sep) | Overall Subscription So Far (Day 2, 2 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.11 times | Updating |
| Non-Institutional Investors (NII) | 0.65 times | Updating |
| Retail Individual Investors | 1.42 times | Updating |
| Overall | 0.88 times | Around 1.34 times |
Retail investors have led demand for the Deepa Jewellers IPO through the first two days, while institutional and high net worth categories usually pick up pace closer to the 3 September close. Investors should treat the Day 2 figures as provisional since bidding remains open until the final session.
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How to Apply for the Deepa Jewellers IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Log in to your broker app or net banking platform, select the Deepa Jewellers IPO from the active issues list, and enter your bid quantity and price within the Rs 168 to Rs 177 band.
- Submit the application using the UPI-based ASBA method, which blocks the bid amount in your bank account without debiting it until allotment.
- Approve the UPI mandate request on your phone before the daily cut off time to ensure your Deepa Jewellers IPO application is treated as valid.
Download the Univest iOS App or Univest Android App to apply for the Deepa Jewellers IPO before the 3 September close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Deepa Jewellers IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The Deepa Jewellers IPO has moved past full subscription on a blended basis by Day 2, supported largely by retail bidding, while the QIB and NII categories still have room to build before the issue closes on 3 September 2026. Investors considering the Deepa Jewellers IPO should review the company financials and risk factors in the RHP available on nseindia.com and bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What is the Deepa Jewellers IPO subscription status on Day 2?
Ans. As of Day 2 on 2 September 2026, the Deepa Jewellers IPO overall subscription stands at approximately 1.34 times, building on a Day 1 close of 0.88 times led by retail bids of 1.42 times.
When does the Deepa Jewellers IPO close?
Ans. The Deepa Jewellers IPO closes for subscription on 3 September 2026, having opened on 1 September 2026.
What is the Deepa Jewellers IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the Deepa Jewellers IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
What is the Deepa Jewellers IPO price band and lot size?
Ans. The Deepa Jewellers IPO price band is Rs 168 to Rs 177 per share, with a lot size of 84 shares, taking the minimum retail investment to about Rs 14,868 at the upper band.
How do I apply for the Deepa Jewellers IPO?
Ans. You can apply for the Deepa Jewellers IPO through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, selecting your bid quantity and price and then approving the UPI mandate.
When will the Deepa Jewellers IPO be allotted and listed?
Ans. The Deepa Jewellers IPO allotment is expected to be finalised on 4 September 2026, with listing on NSE and BSE tentatively scheduled for 8 September 2026.
Which category is leading the Deepa Jewellers IPO subscription?
Ans. Retail investors are leading the Deepa Jewellers IPO subscription through the first two days, while the QIB and NII categories remain under-subscribed and typically pick up closer to the final bidding day.