Deepa Jewellers IPO: Price Band Set at ₹168-177
By ThePip Desk
Deepa Jewellers IPO opens Sept 1, 2026, with a price band of ₹168-177 per share. Details on fresh issue, OFS, and allocation for QIB, NII, and retail investors.
Deepa Jewellers Limited has fixed its Initial Public Offering (IPO) price band from Rs 168 to Rs 177 per equity share, each with a face value of Rs 2. The IPO is scheduled for subscription between September 1, 2026, and September 3, 2026, with shares set to list on both the BSE and NSE.
Key IPO Figures
- Fresh issue of shares: Rs 250 crore
- Offer for Sale (OFS): Up to 11,848,340 shares
- Promoter Ashish Agarwal selling: Up to 5,924,170 shares
- Promoter Seema Agarwal selling: Up to 5,924,170 shares
- Allocation for Qualified Institutional Buyers: Up to 50%
- Allocation for Non-Institutional Investors: At least 15%
- Allocation for Retail Investors: Minimum 35%
- Minimum bid: 84 shares
The Hyderabad-based company, established in 2016, operates as a B2B designer, processor, and supplier of hallmarked gold jewellery. It primarily serves markets across Telangana, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala.
Financial Performance
- Profit After Tax (FY26): Approximately Rs 105 crore (up from Rs 24 crore in FY24)
- Revenue from Operations (FY26): Nearly Rs 1,927 crore (up from Rs 1,025 crore in FY24)
Deepa Jewellers plans to use the fresh issue proceeds primarily for long-term working capital requirements, including inventory procurement, maintenance, and expansion. Funds will also cover general corporate purposes and offer expenses.