Deepa Jewellers IPO
Bookbuilding IPO | ₹460.00 Cr | Listing at BSE, NSE
IPO Open
Tue, Sep 01, 2026
IPO Close
Thu, Sep 03, 2026
Price Band
₹168.00 to ₹177.00
Market Cap (Pre-IPO)
₹1,701.40 Cr
IPO Details
| IPO Date | Sep 01, 2026 to Sep 03, 2026 |
| Listing Date | Tentative: Sep 08, 2026 |
| Face Value | ₹2.00 per share |
| Price Band | ₹168.00 to ₹177.00 |
| Lot Size | 84 Shares (Minimum: ₹14,868.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹460.00 Crores |
| Total Shares Offered | 25,972,633 shares |
| Fresh Issue | 14,124,293 shares |
| Offer For Sale | 11,848,340 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 0.00x |
| NII | 0.02x |
| RII | 0.02x |
| Total | 0.01x |
Deepa Jewellers IPO Lot Size
Investors can bid for a minimum of 84 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 84 | ₹14,868 |
| Retail (Max) | 13 | 1,092 | ₹193,284 |
| S-HNI (Min) | 14 | 1,176 | ₹208,152 |
| S-HNI (Max) | 67 | 5,628 | ₹996,156 |
| B-HNI (Min) | 68 | 5,712 | ₹1,011,024 |
Deepa Jewellers Financial Information (Restated Consolidated)
Deepa Jewellers Ltd.'s revenue increased by 38% and profit after tax (PAT) rose by 158% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 357.18 | 217.67 | 174.64 |
| Total Income | 1,927.73 | 1,400.10 | 1,025.73 |
| Profit After Tax | 104.79 | 40.58 | 24.35 |
| EBITDA | 146.34 | 56.01 | 35.77 |
| NET Worth | 238.07 | 133.21 | 92.55 |
| Reserves and Surplus | 221.67 | 129.11 | 88.45 |
| Total Borrowing | 111.11 | 80.79 | 77.93 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 56.45% |
| ROCE (Return on Capital Employed) | 52.08% |
| Debt/Equity | 0.47 |
| RoNW (Return on Net Worth) | 56.45% |
| PAT Margin (Profit After Tax Margin) | 5.44% |
| EBITDA Margin | 7.60% |
| Price to Book Value | 7.60 |
Company Overview
Deepa Jewellers Ltd. – Company Overview
- Deepa Jewellers Ltd. is engaged in the retail and wholesale trading of gold and diamond jewellery, offering traditional and contemporary designs for diverse customer preferences.
- The company focuses on sourcing, designing, and selling jewellery products, including customised ornaments made using quality materials and skilled craftsmanship.
- The company emphasises purity, transparent pricing, customer trust, and regulatory compliance, while operating through physical stores and distribution channels.
- As of July 31, 2026, the company's customer network covered 13 states and 1 union territory, with 373 customers, comprising 47 jewellery retail chains and 326 standalone stores.
- The company uses a third-party mobile application named “Deepa Jewellers Limited”, commissioned on June 25, 2021, to enhance brand visibility, share information, and display jewellery collections through high-resolution product images.
- As of July 31, 2026, the company had a product portfolio comprising 16 products and 110 SKUs across its product categories.
Company Strengths
- Strong presence in southern market
- Diverse product portfolio with varied weight ranges, designs and specialisation in vadannam and CNC machine cut
bangles - Established procurement network and long -standing relationship with karigars
- Well experienced Promoters and a professional management team with sectoral experience
Use of Proceeds
| 1) | Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company | 215.00 |
| 2) | General corporate purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Deepa Jewellers IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Deepa Jewellers Ltd. | 12.78 | 12.78 | 29.03 | - | 56.45 | - | Standalone |
| Sky Gold And Diamonds Ltd | 13.97 | 13.96 | 72.02 | 57.56 | 23.88 | 11.15 | Consolidated |
| Shanti Gold International Ltd | 21.22 | 21.22 | 83.00 | 12.72 | 37.34 | 3.24 | Consolidated |
| Shringar House Of Mangalsutra Ltd | 13.55 | 13.55 | 70.29 | 17.02 | 26.29 | 3.29 | Consolidated |
| Rbz Jewellers Ltd13.70 | 13.70 | 13.70 | 74.96 | 10.08 | 20.11 | 1.86 | Consolidated |
| Khazanchi Jewellers Ltd | 36.10 | 36.10 | 129.14 | 22.22 | 32.45 | 6.22 | Consolidated |
Quick Info
| Sector | Gems, Jewellery and Watches |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹1,701.40 Cr |
Important Dates
| IPO Open | Sep 01, 2026 |
| IPO Close | Sep 03, 2026 |
| Allotment Date | Sep 04, 2026 |
| Credit to Demat | Sep 07, 2026 |
| Listing Date | Tentative: Sep 08, 2026 |
Lead Manager(s)
Emkay Global Financial Services Ltd.
Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
Description
- IPO Type: Book build issue aggregating to ₹459.72 crores.
- Issue Structure: A combination of fresh issue of 1.41 crore shares aggregating to ₹250.00 crores and offer for sale of 1.18 crore shares aggregating to ₹209.72 crores.
- IPO Dates: The issue opens on September 1, 2026 and closes on September 3, 2026.
- Allotment Date: The allotment is expected to be finalized on September 4, 2026.
- Listing Details: The shares are proposed to be listed on both NSE and BSE on September 8, 2026.
- Retail Investment Requirement: Minimum 1 lot (84 shares) amounting to approximately ₹14,868 (at the upper price band).
- Issue Price Band: ₹168 to ₹177 per equity share.
- Lot Size: 84 shares per lot.
This IPO offers investors an opportunity to participate in the jewellery sector through a combination of a fresh issue of shares and an offer for sale by existing shareholders.