Deepa Jewellers IPO is a Mainboard Book Built public issue by Deepa Jewellers Limited. The public issue consists of a fresh issue of ₹250 Crore along with an Offer for Sale (OFS) of 1,18,48,340 equity shares by existing shareholders. The company proposes to list its equity shares on both BSE and NSE. The proceeds from the fresh issue will primarily be utilized towards long-term working capital requirements and general corporate purposes.
Deepa Jewellers Limited is engaged in the manufacturing and wholesale distribution of hallmarked gold jewellery across India. The company offers necklaces, chains, bangles, earrings, rings, kadas, waist belts, armlets and other jewellery products through a diversified distribution network.
Deepa Jewellers IPO Details Information
| Particular | Information |
|---|---|
| IPO Name | Deepa Jewellers IPO |
| Company Name | Deepa Jewellers Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹2 Per Equity Share |
| Price Band | ₹168 to ₹177 Per Share |
| Issue Size | ₹459.72 Crore |
| Fresh Issue | ₹250 Crore |
| Offer for Sale | 1,18,48,340 Equity Shares |
| IPO Open Date | 1 September 2026 |
| IPO Close Date | 3 September 2026 |
| Basis of Allotment | 4 September 2026 |
| Refund Initiation | 7 September 2026 |
| Shares Credited to Demat Account | 7 September 2026 |
| Listing Date | 8 September 2026 |
| Listing Exchange | BSE & NSE |
| Lot Size | 84 Equity Shares |
| Registrar | Bigshare Services Private Limited |
| Book Running Lead Managers | Emkay Global Financial Services Limited, Valmiki Leela Capital Private Limited |
The company intends to utilize the net proceeds from the fresh issue primarily towards funding long-term working capital requirements for procurement, maintenance and scaling up of inventory and for general corporate purposes.
Deepa Jewellers IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 31 August 2026 |
| IPO Opening Date | 1 September 2026 |
| IPO Closing Date | 3 September 2026 |
| Basis of Allotment | 4 September 2026 |
| Refund Initiation | 7 September 2026 |
| Shares Credited to Demat Account | 7 September 2026 |
| Listing Date | 8 September 2026 |
After the allotment process is completed, successful applicants will receive shares in their demat accounts before the commencement of trading on the stock exchanges.
Deepa Jewellers IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
Deepa Jewellers IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (84 Shares) | ₹14,868 |
| Retail Maximum | 13 Lots (1,092 Shares) | ₹1,93,284 |
| S-HNI Minimum | 14 Lots (1,176 Shares) | ₹2,08,152 |
| B-HNI Minimum | 68 Lots (5,712 Shares) | ₹10,11,024 |
The application values shown above are calculated using the upper price band of ₹177 per equity share.
About Deepa Jewellers Limited
Deepa Jewellers Limited is a jewellery manufacturer and wholesaler engaged in the design, development and distribution of hallmarked gold jewellery. The company caters to jewellery retailers and wholesalers across India through a wide distribution network. Its product portfolio includes necklaces, chains, bangles, earrings, rings, kadas, armlets and waist belts among other jewellery categories. The company focuses on product quality, design innovation and long-term customer relationships.
Business Operations
Deepa Jewellers Limited operates across various segments of the gold jewellery value chain.
• Manufacturing and wholesale distribution of gold jewellery.
• Hallmarked jewellery products with quality assurance.
• Large network of jewellery retailers and wholesalers.
• Product portfolio across multiple jewellery categories.
• Customized and traditional jewellery designs.
• Presence across multiple Indian states through established distribution channels.
Industry Overview
India remains one of the largest gold jewellery markets globally. Rising disposable income, increasing demand for branded jewellery, growing preference for hallmarked products and expanding organized retail networks continue to support long-term growth in the jewellery sector. Organized jewellery manufacturers with strong sourcing capabilities, customer relationships and product diversification are expected to benefit from these industry trends.
Deepa Jewellers IPO Financial Information
A company’s financial performance provides valuable insights into revenue growth, profitability, operational efficiency and financial stability. Reviewing financial statements over multiple years helps investors understand how effectively the business has expanded and generated earnings.
Deepa Jewellers Financial Summary (₹ Crore)
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 1,024.57 | 1,397.01 | 1,926.68 |
| PAT | 24.35 | 40.58 | 104.79 |
| Total Assets | 174.64 | 217.67 | 357.18 |
| Net Worth | 92.55 | 133.21 | 238.07 |
| Borrowings | 77.93 | 80.79 | 111.12 |
The company has reported strong growth in revenue and profitability during the last three financial years. Revenue increased from ₹1,024.57 crore in FY2024 to ₹1,926.68 crore in FY2026, while PAT increased significantly to ₹104.79 crore.
Deepa Jewellers IPO Key Performance Indicators (KPIs)
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 56.45% |
| Return on Capital Employed (ROCE) | 52.08% |
| Return on Net Worth (RONW) | 56.45% |
| EBITDA Margin | 7.60% |
| PAT Margin | 5.44% |
| Debt-to-Equity Ratio | 0.47 |
| EPS | ₹12.78 |
| NAV Per Share | ₹29.03 |
| P/E (Upper Band) | 13.85x |
The company has reported healthy profitability ratios, improving margins and strong return indicators, reflecting efficient utilization of capital and business growth.
Objects of the Deepa Jewellers IPO
The company intends to utilize the net proceeds from the fresh issue for the following purposes:
• Funding long-term working capital requirements.
• Procurement and maintenance of jewellery inventory.
• Supporting future business expansion and operational growth.
• General corporate purposes.
The jewellery business is inventory-intensive and requires substantial working capital to maintain adequate stock levels across multiple product categories. The fresh issue proceeds are expected to strengthen the company’s balance sheet and support future growth initiatives.
Deepa Jewellers IPO Listing Performance
The listing performance reflects how the company’s shares perform after listing on the stock exchanges. While listing gains indicate initial investor sentiment, long-term returns depend on business performance, profitability, execution capabilities, market position and future growth prospects.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | 8 September 2026 |
| Issue Price | ₹177 Per Share |
| Listing Price | To be Updated |
| Listing Gain | To be Updated |
| Listing Gain (%) | To be Updated |
The listing performance will be updated after the commencement of trading on the stock exchanges.
Deepa Jewellers IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. Strong subscription generally reflects healthy investor interest, although investment decisions should also consider valuation, financial performance and long-term business prospects.
Deepa Jewellers IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be Updated |
| Non-Institutional Investors (NII) | To be Updated |
| Retail Individual Investors (RII) | To be Updated |
| Employee Category | NA |
| Total Subscription | To be Updated |
The final subscription figures provide an indication of investor participation across various investor categories.
Deepa Jewellers IPO Review
Deepa Jewellers Limited operates in India’s organized gold jewellery sector and has established a strong position through its diversified product portfolio, customer relationships and expanding distribution network. The company focuses on manufacturing and wholesale distribution of hallmarked gold jewellery and caters primarily to jewellery retailers and wholesalers across India.
The company has demonstrated strong financial growth over the last three financial years. Revenue increased significantly from ₹1,024.57 crore in FY2024 to ₹1,926.68 crore in FY2026, while profitability improved substantially during the same period. The improvement in earnings reflects increasing scale of operations, higher customer demand and efficient business execution.
Deepa Jewellers benefits from several industry tailwinds. Rising disposable incomes, increasing urbanization, growing preference for hallmarked jewellery, expansion of organized retail networks and changing consumer preferences continue to support long-term growth opportunities in the jewellery industry. The company’s broad product portfolio enables it to cater to various customer segments and jewellery preferences.
The company has built a customer network spanning multiple states and has developed long-standing relationships with jewellery retailers and wholesalers. Such relationships help strengthen recurring business opportunities and provide a platform for future expansion. The company’s focus on quality standards, product innovation and inventory management further supports its competitive position within the industry.
The jewellery industry, however, is exposed to certain risks. Gold price volatility can impact demand patterns, inventory valuation and profitability. The business also requires substantial working capital investment due to the inventory-intensive nature of operations. In addition, the company operates in a highly competitive industry where established organized players and regional manufacturers compete for market share.
Investors should also consider factors such as fluctuations in gold prices, regulatory changes, consumer demand cycles, competition and execution risks associated with future expansion plans. While the company has reported strong growth in recent years, sustaining growth and profitability will remain important for long-term value creation.
Overall, Deepa Jewellers Limited appears to be a growing player in the organized jewellery sector with strong revenue growth, improving profitability and favorable industry opportunities. Investors should carefully evaluate the company’s financial performance, valuation, industry outlook and long-term business strategy before making an investment decision.
Deepa Jewellers IPO Strengths
• Strong growth in revenue and profitability over the last three financial years.
• Diversified portfolio of hallmarked gold jewellery products.
• Established customer network across multiple Indian states.
• Presence in the growing organized jewellery sector.
• Strong relationships with jewellery retailers and wholesalers.
• Experienced promoter group with industry expertise.
• Healthy return ratios and improving financial performance.
• Focus on product quality and design innovation.
Deepa Jewellers IPO Risk Factors
• Business performance may be affected by fluctuations in gold prices.
• The jewellery industry requires substantial working capital investment.
• Highly competitive and fragmented industry structure.
• Dependence on consumer spending and jewellery demand trends.
• Regulatory changes may impact industry operations.
• Inventory management remains critical due to the nature of the business.
• Economic slowdown may affect discretionary consumer purchases.
• Dependence on maintaining relationships with key customers.
Deepa Jewellers IPO Promoters
Deepa Jewellers Limited has been promoted by experienced entrepreneurs with extensive experience in the jewellery industry. The promoters have played a key role in expanding the company’s manufacturing capabilities, customer network and market presence.
Deepa Jewellers IPO Promoters Details
| Promoter | Designation |
|---|---|
| Ashish Agarwal | Promoter |
| Seema Agarwal | Promoter |
| Dev Agarwal | Promoter |
Deepa Jewellers IPO Management Team
The company is led by an experienced management team responsible for overseeing manufacturing operations, finance, strategy, business development and corporate governance.
| Name | Designation |
|---|---|
| Ashish Agarwal | Managing Director |
| Dev Agarwal | Whole-Time Director |
| Seema Agarwal | Director |
| Other Senior Management Personnel | As per RHP |
Deepa Jewellers IPO Registrar Details
The registrar is responsible for processing IPO applications, finalizing the basis of allotment, crediting shares to successful applicants, initiating refunds and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | Bigshare Services Private Limited |
| Website | www.bigshareonline.com |
| IPO Allotment Status | Available Through Registrar Portal |
| Email ID | [email protected] |
| Contact Number | +91-22-6263 8200 |
Deepa Jewellers IPO Lead Manager Details
The Book Running Lead Managers are responsible for managing the IPO process, coordinating regulatory compliance and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Managers | Emkay Global Financial Services Limited, Valmiki Leela Capital Private Limited |
Deepa Jewellers Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Deepa Jewellers Limited |
| Industry | Gold Jewellery Manufacturing & Wholesale Distribution |
| Website | www.deepajewel.com |
| Registered Office | India |
| Investor Email | As per RHP |
How to Check Deepa Jewellers IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalized through the registrar’s website or the BSE IPO portal.
Through Bigshare Services Private Limited
- Visit the official Bigshare IPO allotment portal.
- Select Deepa Jewellers IPO from the IPO list.
- Choose PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Deepa Jewellers IPO from the list of IPOs.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
Deepa Jewellers IPO Conclusion
Deepa Jewellers IPO provides investors with an opportunity to invest in a growing jewellery manufacturer operating in India’s organized gold jewellery sector. The company has demonstrated strong revenue growth, improving profitability and expanding market presence through its diversified product portfolio and customer network.
Its focus on hallmarked jewellery, extensive distribution reach, product diversification and strong industry positioning provide a solid foundation for future growth. The company also stands to benefit from increasing demand for organized jewellery products and favorable industry trends.
However, investors should also consider factors such as gold price volatility, working capital requirements, competitive intensity and regulatory developments before making an investment decision.
A detailed assessment of the company’s financial performance, valuation, business strategy, industry outlook and long-term growth plans can help investors determine whether the IPO aligns with their investment objectives.
Deepa Jewellers IPO FAQs
What is Deepa Jewellers IPO?
Deepa Jewellers IPO is a Mainboard Book Built public issue of Deepa Jewellers Limited.
What is the price band of Deepa Jewellers IPO?
The IPO is priced in the range of ₹168 to ₹177 per equity share.
What is the issue size of Deepa Jewellers IPO?
The total issue size of the IPO is ₹459.72 crore.
When will Deepa Jewellers IPO open?
The IPO opens for subscription on 1 September 2026.
When will Deepa Jewellers IPO close?
The IPO closes on 3 September 2026.
On which stock exchanges will Deepa Jewellers shares be listed?
The company’s equity shares are proposed to be listed on BSE and NSE.
Who is the registrar for Deepa Jewellers IPO?
Bigshare Services Private Limited is the registrar to the issue.
What is the face value of Deepa Jewellers IPO shares?
The face value of each equity share is ₹2.
What does Deepa Jewellers Limited do?
The company manufactures and distributes hallmarked gold jewellery through a large wholesale and retail distribution network.
What are the objects of the Deepa Jewellers IPO?
The company intends to utilize the proceeds primarily for long-term working capital requirements and general corporate purposes.
