Deepa Jewellers IPO Fully Subscribed on Day 2 of Bidding

Deepa Jewellers IPO fully subscribed on Day 2. Price band Rs 168-177. Issue size Rs 459.72 Cr. Closes Sept 3, listing expected Sept 8.

Updated: 2 Sept 2026 • 11:57 am

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The Deepa Jewellers IPO was fully subscribed on the second day of bidding, reflecting healthy investor demand for the Rs 459.72 crore issue. The price band for the offer is set between Rs 168 and Rs 177 per share, with the issue comprising a fresh issue of Rs 250 crore and an offer for sale of Rs 209.72 crore by the company's promoters. The Deepa Jewellers IPO opened on 1 September and closes on 3 September, with listing on the BSE and NSE expected on 8 September.

The Deepa Jewellers IPO achieved full subscription on the second day of bidding, signalling healthy investor interest across categories in the Rs 459.72 crore public issue. The offer comprises a fresh issue of Rs 250 crore, the proceeds of which the company plans to use primarily for long-term working capital requirements tied to inventory procurement and scaling, alongside an offer for sale of Rs 209.72 crore by the company's promoters, Ashish Agarwal and Seema Agarwal.

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The Deepa Jewellers IPO price band is set between Rs 168 and Rs 177 per share, with a lot size of 84 shares, translating to a minimum retail investment of approximately Rs 14,868 at the upper end of the band. The issue opened for subscription on 1 September and closes on 3 September, with allotment expected on 4 September and listing on the BSE and NSE tentatively scheduled for 8 September.

Table of Contents

Deepa Jewellers IPO: Company Background and Business Model

Deepa Jewellers is a designer, processor and supplier of hallmarked gold jewellery with a strong presence across southern India, operating primarily on a business-to-business model that supplies jewellery to retail chains and standalone jewellery stores, alongside undertaking job work and trading of jewellery-related products. The company's product range spans traditional and contemporary designs, including region-specific items such as vaddanam waist belts and gundlamala necklaces.

Ahead of the Deepa Jewellers IPO, the promoter and promoter group held close to 100 percent of the company, a stake expected to reduce to approximately 72.98 percent following the public issue, reflecting the dilution from both the fresh issue and the offer for sale components.

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Deepa Jewellers IPO: Subscription Details and Timeline

With the Deepa Jewellers IPO fully subscribed by the second day of the three-day bidding window, demand has come in across the qualified institutional buyer, non-institutional investor and retail investor categories, each of which has a defined allocation under the issue structure. The company raised Rs 137.91 crore from anchor investors ahead of the public offer opening, a step that often provides an early signal of institutional confidence in the issue.

Investors evaluating the Deepa Jewellers IPO should note that informal grey market premium figures circulating for the issue are unofficial, unregulated by SEBI, NSE or BSE, and not always a reliable predictor of actual listing-day performance. Those interested in tracking such informal indicators should refer to dedicated IPO tracking platforms for informational purposes only, while placing greater weight on the company's business fundamentals, use of IPO proceeds and valuation relative to listed jewellery sector peers when making an investment decision.

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Deepa Jewellers IPO: What Investors Should Watch Next

Investors tracking the Deepa Jewellers IPO should watch the final subscription numbers once the issue closes on 3 September, along with the category-wise breakdown between QIB, NII and retail demand, since this composition can offer useful signals about the type of investor interest driving the issue.

With allotment expected on 4 September and listing tentatively scheduled for 8 September, investors who did not receive allotment should evaluate the company's fundamentals independently before considering a purchase in the secondary market once the stock begins trading.

Investments in the securities market are subject to market risks. Read all related documents carefully before investing. This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Uniresearch Global Pvt Ltd is a SEBI Registered Research Analyst, Registration Number INH000013776. Uniresearch Global Pvt Ltd is a subsidiary of Univest Communication Technologies Private Limited.

FAQs

Has the Deepa Jewellers IPO been fully subscribed?

Ans. Yes, the Deepa Jewellers IPO achieved full subscription on the second day of its three-day bidding window.

What is the price band for the Deepa Jewellers IPO?

Ans. The price band is set between Rs 168 and Rs 177 per share, with a lot size of 84 shares.

What is the total issue size of the Deepa Jewellers IPO?

Ans. The issue is valued at Rs 459.72 crore, comprising a Rs 250 crore fresh issue and a Rs 209.72 crore offer for sale by the promoters.

When will the Deepa Jewellers IPO list on the exchanges?

Ans. Listing on the BSE and NSE is tentatively scheduled for 8 September, following allotment expected on 4 September.

What does Deepa Jewellers do?

Ans. Deepa Jewellers is a B2B designer, processor and supplier of hallmarked gold jewellery with a strong presence across southern India.

Should investors rely on grey market premium figures for the Deepa Jewellers IPO?

Ans. No, such figures are unofficial and unregulated; investors should instead evaluate the company's business fundamentals and prospectus disclosures before deciding.