Deepa Jewellers IPO GMP Today: Strong Listing Expectations, Subscription Status and Key Details
The Deepa Jewellers IPO entered its second day of bidding on Wednesday, September 2, 2026, with strong interest from retail investors. The issue was fully subscribed during the second day, while the latest grey market premium (GMP) indicated that investors were expecting a positive listing.
The IPO opened for subscription on September 1, 2026, and will remain open until September 3, 2026. The price band has been fixed at ₹168 to ₹177 per equity share.
However, investors should remember that the grey market premium is unofficial and can change before listing.
Deepa Jewellers IPO – Key Highlights
- IPO Price Band: ₹168–₹177 per share
- Latest GMP: ₹26 per share as of the 12:30 PM update
- Estimated Listing Price: ₹203 at the upper price band
- Potential Premium: Around 14.69%
- Overall Subscription: 2.37 times as of 1:30 PM on September 2
- Retail Subscription: 3.34 times
- NII Subscription: 2.65 times
- QIB Subscription: 0.39 times
- IPO Opening Date: September 1, 2026
- IPO Closing Date: September 3, 2026
- Expected Listing Date: September 8, 2026
Deepa Jewellers IPO GMP Today
According to the source update, the Deepa Jewellers IPO GMP stood at ₹26 per share at around 12:30 PM on September 2.
With the upper IPO price band fixed at ₹177, adding the ₹26 GMP gives an estimated listing price of approximately ₹203 per share.
This represents a potential listing premium of about 14.69% over the upper price band.
However, the actual listing price may be significantly different from the grey market estimate because GMP is not an official market indicator.
Deepa Jewellers IPO Subscription Status
The IPO received strong demand during Day 2 of bidding.
As of 1:30 PM on September 2, 2026, the issue had been subscribed 2.37 times overall.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.39x |
| Non-Institutional Investors (NIIs) | 2.65x |
| Retail Individual Investors (RIIs) | 3.34x |
| Overall | 2.37x |
Retail investors showed particularly strong participation, with their portion subscribed more than three times.
Deepa Jewellers IPO Size and Price Band
Deepa Jewellers is launching a book-built IPO worth approximately ₹459.72 crore.
The issue consists of:
- Fresh Issue: 1.41 crore shares worth ₹250 crore
- Offer for Sale: 1.18 crore shares worth approximately ₹209.72 crore
- Price Band: ₹168 to ₹177 per share
Retail investors are required to bid for a minimum of 84 shares.
At the upper price band of ₹177, the minimum investment for one lot works out to:
84 × ₹177 = ₹14,868
Emkay Global Financial Services Ltd. is the book-running lead manager, while Bigshare Services Ltd. is the registrar to the issue.
Deepa Jewellers IPO Important Dates
| IPO Event | Date |
|---|---|
| IPO Opens | September 1, 2026 |
| IPO Closes | September 3, 2026 |
| Basis of Allotment | September 4, 2026 |
| Refund Initiation | September 7, 2026 |
| Demat Credit | September 7, 2026 |
| Listing on BSE & NSE | September 8, 2026 |
How Will Deepa Jewellers Use IPO Funds?
A major portion of the funds raised through the fresh issue will be used to meet the company's long-term working capital requirements.
Around ₹215 crore is proposed to be used for procurement, maintaining inventory and scaling up the company's inventory levels.
The remaining proceeds are expected to be used for general corporate purposes.
Deepa Jewellers Financial Performance
Deepa Jewellers reported significant improvement in its financial performance during FY26 compared with FY25.
According to the source information:
- Total Income: ₹1,927.73 crore
- FY25 Total Income: ₹1,400.10 crore
- FY26 PAT: ₹104.79 crore
- FY25 PAT: ₹40.58 crore
- FY26 EBITDA: ₹146.34 crore
- FY25 EBITDA: ₹56.01 crore
Revenue increased by approximately 38%, while profit after tax (PAT) rose by around 158% during FY26.
About Deepa Jewellers Ltd.
Deepa Jewellers Ltd. was incorporated in 2016 and operates in the retail and wholesale jewellery business.
The company deals in gold and diamond jewellery and offers traditional as well as contemporary designs. Its product range includes rings, necklaces, earrings, bangles and customised jewellery.
The business focuses on sourcing, designing and selling jewellery products made using gold, diamonds and other quality materials.
What Should Investors Know About the GMP?
GMP, or Grey Market Premium, represents an unofficial premium at which IPO shares may trade in the grey market before their official stock exchange listing.
While a higher GMP can indicate positive market sentiment, it does not guarantee a listing gain.
The GMP can change significantly depending on market conditions, subscription demand and investor sentiment before the listing date.
Therefore, investors should consider the company's financials, valuation, business model, IPO objectives and risk factors instead of relying only on GMP.
Deepa Jewellers IPO – FAQs
What is the latest GMP of Deepa Jewellers IPO?
The source update available at around 12:30 PM on September 2 puts the GMP at ₹26 per share, implying an estimated listing price of ₹203 at the upper price band of ₹177.
Note: The supplied source also mentions a ₹44 GMP in its FAQ section. Since these figures conflict, investors should verify the latest GMP independently before relying on it.
What is the minimum investment for retail investors?
Retail investors need to apply for a minimum lot of 84 shares. At the upper price band of ₹177, the minimum application amount is ₹14,868.
When will Deepa Jewellers IPO allotment be finalised?
The basis of allotment is expected to be finalised on September 4, 2026.
When will Deepa Jewellers shares be listed?
The IPO is scheduled to list on BSE and NSE on September 8, 2026, according to the supplied information.
When does the Deepa Jewellers IPO close?
The IPO will close for subscription on September 3, 2026.
Disclaimer
This article is intended for informational purposes only and should not be considered investment advice. IPO investments involve market risks, and grey market premiums are unofficial indicators that can change at any time. Investors should read the official IPO documents carefully and consult a qualified financial adviser before making any investment decision.
0 Comments