Deepa Jewellers Listing Price: Stock Debuts At 25% Premium On NSE, BSE
- 8th September 2026
- 10:00 AM
- 3 min read
Summary
Deepa Jewellers shares listed on the NSE at ₹221, a 24.86% premium to the ₹177 issue price, and on the BSE at ₹221.05, a 24.89% premium. The ₹459.72 crore IPO, comprising a ₹250 crore fresh issue and a ₹209.72 crore offer for sale, was subscribed 43.40 times overall during its 1 to 3 September bidding window.Mumbai | 8 September 2026
Deepa Jewellers Ltd listed on the NSE and BSE on Tuesday, 8 September 2026. The stock opened at ₹221 per share on the NSE, a premium of 24.86% over the ₹177 issue price, and at ₹221.05 per share on the BSE, a premium of 24.89%. At the NSE listing price, the company’s market capitalisation stood at ₹2,124 crore.
What Was Deepa Jewellers’ Listing Price And Premium?
Deepa Jewellers shares listed at ₹221 on the NSE and ₹221.05 on the BSE against the ₹177 issue price, premiums of 24.86% and 24.89% respectively. The last grey market premium (GMP) for the issue, updated at 5:57 am on 8 September 2026, stood at ₹25, implying an expected listing price of ₹202 and an expected gain of 14.12%. The stock’s actual listing price came in above this GMP-based estimate.
GMP is an unofficial, informal indicator and does not guarantee the actual listing price or future performance of the stock.
How Was Deepa Jewellers IPO Subscribed?
The Deepa Jewellers IPO was subscribed 43.40 times overall by the close of bidding on 3 September 2026. The non-institutional investor (NII) category led demand at 109.04 times, followed by the qualified institutional buyer (QIB) category at 36.73 times and the retail category at 19.09 times.
What Were The Key Details Of Deepa Jewellers IPO?
| Detail | Figure |
| Price band | ₹168 to ₹177 per share |
| Issue price | ₹177 per share |
| Face value | ₹2 per share |
| Lot size | 84 shares |
| Fresh issue | ₹250 crore (1,41,24,293 shares) |
| Offer for sale | ₹209.72 crore (1,18,48,340 shares) |
| Total issue size | ₹459.72 crore (2,59,72,633 shares) |
| Anchor investment | ₹137.91 crore (77,91,789 shares) |
| Market capitalisation at offer price | ₹1,701.40 crore |
| Registrar | Bigshare Services Pvt Ltd |
| Lead manager(s) | Emkay Global Financial Services Ltd, Valmiki Leela Capital Pvt Ltd |
| BSE script code | 544903 |
| NSE symbol | DEEPA |
| ISIN | INE1M2N01020 |
| IPO opened | 1 September 2026 |
| IPO closed | 3 September 2026 |
| Allotment finalised | 4 September 2026 |
| Listing date | 8 September 2026 |
Anchor investors included Motilal Oswal Finvest, WhiteOak Capital, 360 ONE, Nomura Singapore, Ashoka India Equity Investment Trust and Citigroup, among others.
How Will Deepa Jewellers Use The IPO Proceeds?
Deepa Jewellers plans to deploy the bulk of its fresh issue proceeds towards working capital. Around ₹215 crore has been earmarked for long-term working capital, covering the procurement, maintenance and expansion of jewellery inventory, with the remainder going towards general corporate purposes and issue expenses.
What Does Deepa Jewellers Do?
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. Its key markets include Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala.
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