Deepa Jewellers IPO: Rs 460 Cr Issue Opens Sept 1
By IPO Desk
Deepa Jewellers Ltd. announces its Rs 460 crore IPO, with shares priced Rs 168-177. Subscription opens September 1. Key dates & allocation details inside.
Deepa Jewellers Ltd has finalized the price band for its Rs 460 crore Initial Public Offering (IPO) at Rs 168-177 per share. The public issue is set to open for subscription on September 1.
Key IPO Dates
- Anchor investor bidding begins: August 31
- Public issue opens: September 1
- Public issue closes: September 3
- Equity shares list on BSE and NSE: September 8
Issue Structure and Allocations
The total IPO size of approximately Rs 460 crore includes a fresh issue and an offer for sale.
- Fresh issue of equity shares: up to Rs 250 crore
- Offer for sale: over 1.18 crore equity shares
The issue reserves significant portions for various investor categories.
- Qualified Institutional Buyers (QIBs): 50%
- Non-institutional investors: 15%
- Retail investors: 35%
Company Profile and Proceeds
Incorporated in 2016, Deepa Jewellers Ltd. operates as a B2B designer, processor, and supplier of hallmarked gold jewellery. The company primarily serves South Indian states, including Telangana, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala.
Proceeds from the fresh issue are earmarked for long-term working capital. This will cover inventory procurement, maintenance, and scaling operations, alongside general corporate purposes.
Advisory Roles
- Book-running lead managers: Emkay Global Financial Services, Valmiki Leela Capital
- Registrar for the issue: Bigshare Services