Deepa Jewellers IPO Day 3: Subscription Closes Today, 3 September 2026
- September 3, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Deepa Jewellers IPO closes today, 3 Sep 2026, 5 PM. Subscribed 3.69x at Day 2 close, Retail 4.85x. Price band Rs 168-177. Lists on NSE and BSE.
Quick Answer
The Deepa Jewellers IPO is on its third and final day of bidding on 3 September 2026, with the subscription window closing at 5 PM today. The Deepa Jewellers IPO overall subscription stood at 3.69 times at the close of Day 2, with retail investors leading the book at 4.85 times their reserved portion. Since roughly half the issue including the anchor allocation sits with qualified institutional buyers, who typically bid heavily in the closing hours, the final subscription figure for the issue could move well beyond the Day 2 close. Investors should confirm the live numbers on NSE and BSE before the window shuts.
Deepa Jewellers, a B2B designer, processor and supplier of hallmarked 22-karat gold jewellery to retail chains across South India, has reached Day 3, the final day of its IPO subscription window, which opened on 1 September 2026 and closes today, 3 September 2026. The issue is a mainboard, book built issue worth Rs 459.72 crore, comprising a fresh issue of Rs 250 crore and an offer for sale of Rs 209.72 crore, and will list on both NSE and BSE.
Demand for the issue has built steadily through the bidding window, moving from an early Day 1 reading to an overall subscription of 3.69 times by the close of Day 2, driven largely by strong retail participation. With institutional bidding still to be fully tested, the closing session today will be decisive for where the issue finally lands.
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Deepa Jewellers IPO Details
The table below sets out the key parameters of the issue.
| 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 3
The issue reserves around 20 percent for QIBs, 15 percent for NII and 35 percent for retail investors, alongside a 30 percent anchor allocation carved from the institutional book. The table below tracks the overall subscription trend through the bidding window.
| Session | Overall Subscription | Retail Subscription |
|---|---|---|
| Day 1 close (1 Sep) | 0.88 times | 1.42 times |
| Day 2 close (2 Sep, 5:08 PM) | 3.69 times | 4.85 times |
| Day 3, closing day so far (3 Sep) | Updating through the session | Updating through the session |
Retail bidding has clearly led the issue through the first two sessions, while QIB demand has room to add further before the 5 PM deadline today. QIBs often place large blocks of bids in the final hours, so the closing figure for the issue could run notably higher than the Day 2 close.
Track Subscription Status for the issue on the Univest Screener
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.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 168 to Rs 177 band.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone well before the 5 PM cut off today, since the issue closes for good after this session.
Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue 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 issue closes today, 3 September 2026, having run at 3.69 times overall by the close of Day 2 on strong retail demand, with the QIB book still to be fully tested in the final hours. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence before the window shuts.
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 3?
Ans. The issue closed Day 2 subscribed 3.69 times overall, with retail investors leading at 4.85 times, and figures are updating through the final session on Day 3, 3 September 2026.
When does the Deepa Jewellers IPO close?
Ans. The issue closes for subscription today, 3 September 2026, at 5 PM, 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 issue 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 issue 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 before it closes?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid and approving the UPI mandate before the 5 PM cut off today.
When will the Deepa Jewellers IPO be allotted and listed?
Ans. The issue 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 have led the issue through the first two sessions at 4.85 times their reserved portion, while the QIB category, which carries a large share of the issue with the anchor allocation, is expected to add more in the closing hours.
