Deepa Jewellers IPO Opens September 1: Check Price Band, Issue Size, Lot Size, Key Dates and Company Details
Deepa Jewellers Limited IPO is set to open for subscription on September 1, 2026, allowing investors to participate in the public offering of the South India-focused jewellery company. The IPO will remain open until September 3, 2026.
According to the National Stock Exchange of India (NSE) issue-information page and the company’s Red Herring Prospectus (RHP) filed with the Securities and Exchange Board of India (SEBI), the IPO has a price band of ₹168 to ₹177 per equity share, with a face value of ₹2 per share. The issue is proposed to be listed on both the NSE and BSE.
Deepa Jewellers IPO: Key Details
- Company: Deepa Jewellers Limited
- IPO type: Mainboard IPO
- IPO opening date: September 1, 2026
- IPO closing date: September 3, 2026
- Price band: ₹168–₹177 per share
- Face value: ₹2 per share
- Issue size: Approximately ₹459.72 crore
- Fresh issue: Approximately ₹250 crore
- Offer for Sale (OFS): Up to 1,18,48,340 equity shares
- Lot size: 84 shares
- Minimum investment: ₹14,868 at the upper price band
- Retail investor reservation: Not less than 35%
- NII reservation: Not less than 15%
- QIB reservation: Not more than 50%
- Listing: NSE and BSE
- Expected listing date: September 8, 2026
- Registrar: Bigshare Services Pvt. Ltd.
- Book-running lead managers: Emkay Global Financial Services Ltd. and Valmiki Leela Capital Pvt. Ltd.
The IPO details are based on the company’s RHP and current exchange/market disclosures.
Deepa Jewellers IPO Price Band and Lot Size
The company has fixed the IPO price band at ₹168 to ₹177 per share.
The minimum application lot is 84 shares. Therefore, investors applying at the upper end of the price band will need a minimum investment of:
84 × ₹177 = ₹14,868
Investors can bid for shares in multiples of 84 shares.
The IPO has been structured with reservations of up to 50% for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs) and at least 35% for retail investors.
Deepa Jewellers IPO Issue Size
The total issue size is approximately ₹459.72 crore.
The IPO consists of:
Fresh Issue
The company plans to raise approximately ₹250 crore through the fresh issue of equity shares.
The fresh issue comprises approximately 1.41 crore equity shares.
Offer for Sale
The IPO also includes an Offer for Sale of up to 1,18,48,340 equity shares by existing selling shareholders.
The proceeds from the OFS will go to the selling shareholders rather than the company.
How Deepa Jewellers Plans to Use IPO Proceeds
A major portion of the fresh issue proceeds is intended to strengthen the company’s working-capital position.
Deepa Jewellers plans to deploy approximately ₹215 crore from the net proceeds of the fresh issue towards long-term working capital requirements.
The funds are primarily intended for procurement, maintenance and expansion of jewellery inventory.
The remaining proceeds will be used for general corporate purposes.
This working-capital requirement is particularly relevant for the jewellery business, where inventory requirements can be substantial because of the value of gold, diamonds and other precious materials.
About Deepa Jewellers
Deepa Jewellers is engaged in the designing, sourcing, manufacturing through outsourcing and trading of gold and diamond jewellery.
The company has an organised B2B jewellery business with operations focused on southern India. Its business network covers Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala, where it supplies jewellery to retail chains and standalone jewellery stores.
Its product portfolio includes traditional and contemporary jewellery, including rings, necklaces, earrings, bangles and customised jewellery.
The company also specialises in products such as vaddanam and CNC machine-cut bangles.
According to current company information, Deepa Jewellers had 373 customers as of July 31, 2026, comprising 47 jewellery retail chains and 326 standalone stores. Its portfolio included 16 product categories and 110 SKUs.
Deepa Jewellers Financial Performance
Deepa Jewellers has reported strong growth in both revenue and profitability.
For FY2026, the company reported revenue of approximately ₹1,926.7 crore, compared with ₹1,397 crore in FY2025.
Profit after tax increased sharply to approximately ₹104.8 crore in FY2026, compared with ₹40.6 crore in FY2025.
That represents revenue growth of about 37.9% and a PAT increase of approximately 158.2% year-on-year.
The company’s financial performance will be an important factor for investors when evaluating the IPO valuation and the company’s ability to sustain growth after listing.
Deepa Jewellers IPO Timeline
The IPO is scheduled to follow the timeline below:
IPO opens: September 1, 2026
IPO closes: September 3, 2026
Basis of allotment: September 4, 2026
Refund/unblocking: September 7, 2026
Demat credit: September 7, 2026
Expected listing: September 8, 2026
The anchor investor allocation is scheduled for August 31, 2026.
Deepa Jewellers IPO: Business Strengths
Some of the factors investors may consider while studying the IPO include the company’s established B2B customer network, presence across southern Indian markets, diversified jewellery portfolio, and recent growth in revenue and profitability.
The company also has established relationships with procurement partners and artisans, while its focus on specialised jewellery products provides exposure to specific product segments.
Key Risks Investors Should Consider
Despite the strong recent financial performance, the RHP highlights several risks that investors should study carefully.
One important risk is customer concentration. The company’s top 10 customers accounted for approximately 64.67% of revenue from operations in FY2026, indicating significant dependence on a relatively small group of customers.
Another risk is geographical concentration. A substantial majority of revenue comes from southern India. For FY2026, revenue from southern India represented approximately 94.37% of total revenue.
The company is also exposed to fluctuations in gold and other precious-material prices, changes in consumer demand, and the working-capital requirements associated with the jewellery business.
Investors should read the complete RHP for the full list of risk factors before applying for the IPO.
Deepa Jewellers IPO Valuation: What Investors Should Watch
At the upper price band of ₹177, the proposed issue implies a post-issue equity valuation of roughly ₹1,701 crore, based on the reported post-issue share count.
Against FY2026 PAT of approximately ₹104.8 crore, investors should evaluate the implied valuation in relation to the company’s earnings growth, jewellery-sector prospects, customer concentration and geographic concentration.
The sharp increase in FY2026 profit is positive, but investors should also examine whether the recent growth rate can be sustained over the longer term.
Deepa Jewellers IPO: Should You Apply?
Deepa Jewellers presents a combination of strong recent financial growth, an established B2B jewellery network and a large working-capital requirement.
The company intends to use most of the fresh IPO proceeds for working capital, which could support inventory expansion and future business growth.
At the same time, investors should carefully consider customer concentration, geographic concentration and the competitive nature of the jewellery market.
The IPO should therefore be evaluated based on the RHP, financial performance, valuation, business risks and long-term growth prospects, rather than solely based on market sentiment or grey-market premium.
Deepa Jewellers IPO: Important Documents
The primary reference documents for investors are the company’s Red Herring Prospectus and the official exchange information.
NSE Issue Information:
Deepa Jewellers IPO – NSE Issue Information
SEBI RHP Filing:
Deepa Jewellers Limited – RHP on SEBI
Investors should read the RHP carefully, particularly the sections covering risk factors, financial information, objects of the issue, business operations, and outstanding litigation before making any investment decision.
Deepa Jewellers IPO – Key Takeaways
Deepa Jewellers IPO will open on September 1 and close on September 3, 2026.
The price band has been fixed at ₹168–₹177 per share, while the minimum application size is 84 shares, requiring ₹14,868 at the upper price band.
The company plans to raise approximately ₹250 crore through the fresh issue, while the total IPO size, including the OFS component, is approximately ₹459.72 crore.
The company plans to use approximately ₹215 crore of the fresh issue proceeds for long-term working capital, mainly to support jewellery inventory.
With FY2026 revenue of approximately ₹1,926.7 crore and PAT of ₹104.8 crore, Deepa Jewellers enters the IPO market after a year of strong financial growth. However, investors should carefully assess customer concentration, geographic concentration, valuation, and other risks disclosed in the RHP.
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Disclaimer
This article is for informational and educational purposes only and should not be considered investment advice, a recommendation to apply for the Deepa Jewellers IPO, or a guarantee of listing gains or future returns.
IPO investments involve market risks, including the risk of loss of capital. Investors should read the complete Red Herring Prospectus (RHP), including all risk factors, financial information and statutory disclosures, before making an investment decision.
Information regarding the IPO has been compiled from the official NSE issue-information page, SEBI filings and publicly available company/IPO disclosures. IPO dates, price bands, issue size and other details may be subject to change through subsequent regulatory or exchange updates.
Investors should consult a SEBI-registered investment adviser or other qualified financial professional if they require personalised investment advice.