IPO details · Updated
Deepa Jewellers Limited
- Price Band
- ₹168 – ₹177
- Lot Size
- 84 shares
- Min. Investment
- ₹14,868
- Issue Size
- ₹459.72 Cr
- Offer Dates
- 1 Sept – 3 Sept 2026
- Listing
- 8 Sept 2026
Issue Details
- Total Issue Size
- ₹459.72 Cr
- 2,59,72,633 shares
- Fresh Issue
- ₹250 Cr
- 1,41,24,293 shares
- Offer for Sale
- ₹209.72 Cr
- 1,18,48,340 shares
- Face Value
- ₹2 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 8,20,00,000
- Shares Post-Issue
- 9,61,24,293
IPO Timeline
Offer opens
1 Sept 2026
Offer closes
3 Sept 2026
Allotment
4 Sept 2026
Listing
8 Sept 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor30.0%77,91,789 shares
- QIB20.0%51,94,527 shares
- HNI15.0%38,95,895 shares
- Retail35.0%90,90,422 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 51,94,527 | 19,07,76,852 | 36.73x |
| NII | 38,95,895 | 42,48,23,532 | 109.04x |
| Retail | 90,90,422 | 17,35,05,948 | 19.09x |
| Total | 1,81,80,844 | 78,91,06,332 | 43.40x |
Lot Size & Investment
1 lot = 84 shares
Retail (min)
1 lot · 84 shares
Retail (max)
13 lots · 1,092 shares
S-HNI (min)
14 lots · 1,176 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 84 | ₹14,868 |
| Small HNI (S-HNI) | 14 | 1,176 | ₹2,08,152 |
| Big HNI (B-HNI) | 68 | 5,712 | ₹10,11,024 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 357.18 | 217.67 | 174.64 |
| Total Income | 1,927.73 | 1,400.1 | 1,025.73 |
| Profit After Tax | 104.79 | 40.58 | 24.35 |
| EBITDA | 146.34 | 56.01 | 35.77 |
| Net Worth | 238.07 | 133.21 | 92.55 |
| Reserves & Surplus | 221.67 | 129.11 | 88.45 |
| Total Borrowing | 111.11 | 80.79 | 77.93 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| RoNW (%) | 56.45 |
| EPS (₹) | 12.78 |
| P/E (pre-issue) | 13.85 |
| P/E (post-issue) | 16.24 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Sky Gold And Diamonds Ltd | 57.56 | 23.88% |
| Shanti Gold International Ltd | 12.72 | 37.34% |
| Shringar House Of Mangalsutra Ltd | 17.02 | 26.29% |
| Rbz Jewellers Ltd | 10.08 | 20.11% |
| Khazanchi Jewellers Ltd | 22.22 | 32.45% |
About Deepa Jewellers Limited
Incorporated in 2016, Deepa Jewellers Ltd. is engaged in the retail and wholesale trading of gold and diamond jewellery, offering a wide range of traditional and contemporary designs catering to diverse customer preferences. The company focuses on sourcing, designing, and selling jewellery products including rings, necklaces, earrings, bangles, and customized ornaments crafted with quality materials and skilled workmanship. Product Portfolio: Vaddanam (waist belt), CNC machine cut bangles, gents kada, vanky(armlet), dandpatti (bajuband), gundlamala haaram (traditional neck piece), gundlamala necklace, kangan, earring, mangtika (forehead pendant), maatil (ear chain), champasaralu (ear to hair chain), jada (braid ornament), and rings. Deepa Jewellers Ltd. emphasizes purity, transparent pricing, and customer trust, operating through physical stores and distribution channels while adhering to regulatory standards and evolving jewellery market trends. As of July 31, 2026, the company's customer network spans across 13 states and 1 union territory in India with a total customer base of 373 customers, comprising of 47 jewellery retail chains and 326 standalone stores. The company use third-party mobile application namely “Deepa Jewellers Limited” to enhance their brand visibility, disseminate information and display product collections, which was commissioned by them on June 25, 2021. This application enables access to high-resolution images of selected jewellery designs to remote customers. As on July 31, 2026, they have a product portfolio of 16 products and 110 SKUs across their product categories. Competitive Strengths: Strong presence in southern market Well established customer base with long-standing relationship with jewellery retail chains and standalone stores Diverse product portfolio with varied weight ranges, designs and specialisation in vadannam and CNC machine cut bangles Established procurement network and long -standing relationship with karigars Well experienced Promoters and a professional management team with sectoral experience
Objects of the Issue
- Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company (₹215.00 Cr)
- General Corporate Purposes (₹12.15 Cr)
- Issue Expenses (₹41.95 Cr)
Promoters
- <p>Ashish Agarwal
- Seema Agarwal
- Dev Agarwal</p>
Company Information
- Book running lead managers
- Emkay Global Financial Services Ltd.
- Valmiki Leela Capital Pvt.Ltd.
- Registered office
- Ground floor and first floor,, door no. 3- 6-343 & 344,, Basheerbagh, Himayathnagar,, Hyderabad, Telangana, 500029
Official Documents
Opens the source filing in a new tab
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