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IPO ·

BSE, NSE

Deepa Jewellers Ltd

Listed

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.

Issue details

Price band

₹168 – ₹177

Face value

₹2

Lot size

84 shares

Minimum investment

₹14,868

Issue size

₹459.72 Cr

Fresh issue

₹250.00 Cr

Offer for sale

₹209.72 Cr

Issue type

Book Built

Exchange

BSE, NSE

Key dates

Opens

1 Sep 2026

Closes

3 Sep 2026

UPI mandate cut-off

5:00 PM on 3 Sep 2026

Allotment

4 Sep 2026

Refunds

7 Sep 2026

Shares in demat

7 Sep 2026

Listing

8 Sep 2026

Subscription and listing

Subscription

30.49x

Listing price

₹221

Registrar

Bigshare Services Pvt Ltd

Lead manager

Emkay Global Financial Services, Valmiki Leela Capital

Subscription by category

Total

30.49x

Total applications

19,31,616

Anchor investors

Amount raised

₹137.91 Cr

Bid date

31 Aug 2026

50% lock-in ends

3 Oct 2026

Rest lock-in ends

2 Dec 2026

Listing day

Issue price

₹177

Open

₹221.00

High

₹222.00

Low

₹193.00

Day close

₹194.37

Listing gain at open

+24.86%

Issue structure

Shares reserved per category and share of the total issue

QIB

1,29,86,316

50.00%

Anchor Investor

77,91,789

30.00%

QIB (Ex. Anchor)

51,94,527

20.00%

NII

38,95,895

15.00%

bNII > ₹10L

25,97,264

10.00%

sNII < ₹10L

12,98,631

5.00%

Retail

90,90,422

35.00%

Total

2,59,72,633

100.00%

Finaccle’s quick read

Apply

FY26 income up 38%, PAT up 158%, ROE 56.45%, D/E 0.47, post-issue P/E 16.24x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

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.

Founded

2016

2016

Promoters

Ashish Agarwal, Seema Agarwal, Dev Agarwal

Ashish Agarwal, Seema Agarwal, Dev Agarwal

Promoter holding

100% pre-issue; 72.98% post-issue

100% pre-issue; 72.98% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

1,927.73

1,927.73

146.34

104.79

104.79

238.07

111.11

111.11

357.18

FY25

FY25

1,400.10

1,400.10

56.01

40.58

40.58

133.21

80.79

80.79

217.67

FY24

FY24

1,025.73

1,025.73

35.77

24.35

24.35

92.55

77.93

77.93

174.64

ROE

56.45%

ROCE

52.08%

Debt / equity

0.47

PAT margin

5.44%

P/E post issue

16.24

Market cap

₹1,701.40 Cr

Use of IPO money

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

Strengths

✓

Revenue up 38% in FY26 to ₹1,927.73 Cr

✓

PAT up 158% in FY26 to ₹104.79 Cr

✓

ROE of 56.45% and ROCE of 52.08%

✓

Moderate leverage: debt to equity 0.47

Risks to watch

!

No major red flags in our screen; read the RHP for business-specific risks

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.