Summary of this article
Deepa Jewellers shares listed at premium.
Investors oversubscribed the initial public offering by 42.61 times.
The company will utilise funds for working capital needs.
Shares of Deepa Jewellers made their debut in the stock market on September 8, 2026, with a premium of nearly 25 per cent over the upper end of the price band.
On the BSE, the shares are listed at an estimated Rs 221.05 per share, reflecting a strong premium of 24.88 per cent above the upper end of the price band of Rs 177. On the NSE, Deepa Jewellers shares are listed at Rs 221 per share, indicating a premium of 24.85 per cent above the issue price.
Deepa Jewellers IPO: Listing Day Gain
Applicants who were successfully allotted a minimum of one lot or 84 shares would have made a gain of around Rs 3,700.2 [(Rs 221.05 - Rs 177) x 84] after the stock listed on the exchanges. The company’s market capitalisation stood at an estimated Rs 2,124.83 crore following the strong listing. 3.58 lakh shares of the company changed hands after the stock listed.
Deepa Jewellers IPO: Offer Size
The initial public offering (IPO) was a book-built issue worth Rs 459.72 crore and consisted of a fresh issue of 14.12 million shares aggregating to Rs 250 crore and an offer for sale of 11.84 million shares aggregating to Rs 209.72 crore. The price band for the public issue was fixed at Rs 168-177 per share. The minimum lot size for retail investors was fixed at 84 shares, aggregating to an investment of Rs 14,868.
Deepa Jewellers IPO: Subscription
Deepa Jewellers’ public issue saw strong demand and was oversubscribed 42.61 times during its subscription period from September 1 to September 3, 2026. Investors across categories placed bids for 789.10 million shares compared to the net offer size of 18.52 million shares available.
Qualified Institutional Buyers (QIBs) booked their quota 37 times. Non-institutional investors (NIIs) booked their quota 105.96 times, while the retail investor quota was subscribed 18.55 times.
Deepa Jewellers: Promoters
The promoters of the company, Ashish Agarwal, Seema Agarwal, and Dev Agarwal, diluted a portion of their stakes through the public issue. Following the listing of the stock, the promoter shareholding reduced to 72.98 per cent from 100 per cent prior to the public issue.
Deepa Jewellers: Competitors
Deepa Jewellers operates within the competitive retail and wholesale trading of gold and diamond jewellery market. Following the listing of its shares, Deepa Jewellers will compete with domestic listed peers in the gems and jewellery sector, such as Priority Jewels and Shankesh Jewellers.
Deepa Jewellers IPO: Objective
The company will use Rs 215 crore from the fresh issue for funding long-term working capital requirements towards procurement, maintenance, and scaling up of inventory, and will allocate Rs 12.15 crore for general corporate purposes, with the remaining Rs 41.95 crore designated for issue expenses.
