- Issue price
- ₹177per share
- Issue size
- ₹459.72 Cr2,59,72,633 shares
- Face value
- ₹2per equity share
- Lot size
- 84 sharesMin. ₹14,868 at the upper price
- Anchor biddingMon, 2026
- OpensTue, 2026
- ClosesThu, 2026
- AllotmentFri, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 1,41,24,293 shares (₹250 Cr)
- Offer for sale
- 1,18,48,340 shares (₹209.72 Cr)
- Total issue
- 2,59,72,633 shares (₹459.72 Cr)
- Face value
- ₹2
- Listing at
- NSE, BSE
- Promoter holding
- 100.00% → 72.97%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail35.0%
- Anchor30.0%
- QIB ex-anchor20.0%
- Big NII10.0%
- Small NII5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 90,90,422 | 35.00% | 35% |
| Non-institutional investors (NII) | 38,95,895 | 15.00% | 15% |
| Small NII (₹2–10 lakh) | 12,98,631 | 5.00% | — |
| Big NII (above ₹10 lakh) | 25,97,264 | 10.00% | — |
| Qualified institutional buyers (QIB) | 1,29,86,316 | 50.00% | 50% |
| QIB, excluding anchor | 51,94,527 | 20.00% | — |
| Anchor investors | 77,91,789 | 30.00% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹177 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 84 | ₹14,868 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY2026, pre-issue- EPS (basic)
- ₹12.78
- EPS (diluted)
- ₹12.78
- P/E (FY2026 at higher end of price band)
- 13.85×
- Price to book (FY2026 at offer price)
- 3.49×
- RoNW
- 56.45%
- ROCE
- 52.08%
- NAV per share (As on March 31, 2026)
- ₹29.03
- NAV per share (At offer price)
- ₹50.77
- Debt to equity
- 0.47
- EBITDA margin
- 7.60%
- PAT margin
- 5.44%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 202612 months | 31 Mar 202512 months | 31 Mar 202412 months |
|---|---|---|---|
| Revenue from operations | 1,926.68 | 1,397.01 | 1,024.57 |
| Total income | 1,927.73 | 1,400.10 | 1,025.73 |
| EBITDA | 146.34 | 56.01 | 35.77 |
| Profit after tax | 104.79 | 40.58 | 24.35 |
| Net worth | 238.07 | 133.21 | 92.55 |
| Reserves and surplus | 221.67 | 129.11 | 88.45 |
| Total assets | 357.18 | 217.67 | 174.64 |
| Total borrowing | 111.12 | — | — |
12 months vs 12 months: revenue +37.9%, profit after tax +158.2%.
Source: ProspectusUpdated
About the company
The company is a business-to-business supplier of hallmarked 22 karat gold jewellery, focused on vaddanam and CNC machine cut bangles. It designs in-house and gets production done through an outsourced network of karigars, then sells to jewellery retail chains and standalone stores, mainly in South India. It also does job-work and trades in some jewellery and bullion.
- Incorporated
- 2016
- Industry
- Gems & Jewellery
- CIN
- U74999TG2016PLC109435
- Website
- deepajewel.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Ashish Agarwal | Promoter | 48.79% | 35.45% | 59,24,170 |
| Seema Agarwal | Promoter | 48.78% | 35.45% | 59,24,170 |
| Dev Agarwal | Promoter | 2.41% | 2.06% | — |
| Ashish Agarwal HUF | Promoter group | 0.01% | 0.01% | — |
| Chandrakala Agarwal | Promoter group | 0.01% | — | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding long-term working capital for procurement and scaling up of inventory | 215.00 |
| General corporate purposes | 12.15 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Deepa Jewellers LimitedIssuer | ₹12.78 | 13.85× | 56.45% | ₹29.03 |
| Sky Gold and Diamonds Limited | ₹13.97 | 53.87× | 23.88% | ₹72.02 |
| Shanti Gold International Limited | ₹21.22 | 11.48× | 37.34% | ₹83 |
| Shringar House of Mangalsutra Limited | ₹13.55 | 15.96× | 26.29% | ₹70.29 |
| RBZ Jewellers Ltd | ₹13.7 | 11.77× | 20.11% | ₹74.96 |
| Khazanchi Jewellers Limited | ₹36.1 | 20.64× | 32.45% | ₹129.14 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing relationships with a broad base of jewellery retail chains and standalone stores.
- Established presence and revenue concentration in South Indian states.
- Asset-light outsourced manufacturing model supported by a network of karigars.
- Hallmarked gold jewellery range with in-house design capability.
- Promoters with around 25 years of industry experience and a growing revenue base over the three years shown.
Risks
- Top 10 customers account for more than half of revenue, and there are no long-term contracts with them.
- Heavy dependence on vaddanam and CNC machine cut bangles for most revenue.
- Most revenue comes from Southern India, exposing the company to regional risks.
- Significant working capital needs, with rising trade receivables and inventory.
- Fresh issue proceeds are mainly for working capital, and the deployment plan is based on management estimates not appraised by an external agency.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹177) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Deepa Jewellers IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 1 September 2026 and closes on Thursday, 3 September 2026.
What is the Deepa Jewellers IPO price band?
The final issue price is ₹177 per share.
What is the lot size of the Deepa Jewellers IPO?
One lot is 84 shares, which is ₹14,868 at ₹177 per share.
Where will Deepa Jewellers shares list?
On NSE and BSE. The tentative listing date is Tuesday, 8 September 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Deepa Jewellers IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 4 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹215 Cr for funding long-term working capital for procurement and scaling up of inventory, ₹12.15 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.