Deepa Jewellers IPO subscribed 61% so far on Day 1, retail portion fully booked; check key dates, other details

The B2B gems and jewellery firm Deepa Jewellers' initial public offering (IPO) opened on Tuesday, September 1. The issue has been subscribed 0.61 times so far.

Until 2:30 PM, the initial share sale of the company had received bids for 1,13,56,800 shares as compared to 1,85,20,085 shares on offer, as per exchange data.

The non-institutional investor (NII) category was subscribed 0.42 times, while the retail individual investor (RII) segment saw a 1.03 times subscription. However, the Qualified Institutional Buyers (QIB) portion has not seen any booking.

Deepa Jewellers’ IPO comprises a fresh issue of ₹250 crore and an offer for sale (OFS) of ₹209.72 crore. The total issue size stands at ₹459.72 crore.

The book-building issue has a price band between ₹168 and ₹177 per share.

The minimum lot size for an application is 84 shares, with investors required to apply for at least one lot. The total issue size is approximately ₹459.72 crore.

Deepa Jewellers Objective

The money raised from the IPO will be used towards the following objectives:

Deepa Jewellers IPO: Allotment and listing date

About the company

Deepa Jewellers is a well-organised B2B jewellery designer, processor, and supplier of hallmark gold jewellery, whose business operations are largely confined to Telangana, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala.

It is a key processor and supplier of waist belts and CNC machine-cut bangles, supplying to jewellery retail chains and stand-alone shops and not to end-users directly. 

The company is involved in the processing and supplying of 22-karat gold jewellery; job work; and trading of jewellery and other allied products, including silver ornaments, 18- and 20-karat gold ornaments, precious stones, and gold bullion.

As of July 31, 2026, it had a product portfolio of 16 products and 110 SKUs covering studded gold jewellery and plain gold jewellery. The customer base of the company operated in 13 states and 1 union territory of India and had a customer base of 373 customers consisting of 47 jewellery retail chain stores and 326 standalone stores.