DJ
Deepa Jewellers Limited IPO
Retail & Wholesale Jewellery · Gold & Diamond Ornaments · Southern Market
📋 Mainline IPO
Fresh + OFS
NSE, BSE
₹177
Upper Price
₹459.72 Cr
Issue Size
Sep 8, 2026
Listing Date
₹1,451.40 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Tuesday, 1 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Thursday, 3 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Friday, 4 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 7 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Tuesday, 8 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date1 September 2026 (Tue)
IPO Close Date3 September 2026 (Thu)
Listing Date8 September 2026 (Tue)
Face Value₹2 per share
Price Band₹168 to ₹177
Issue Price (Upper Band)₹177 per share
Issue TypeBook Build — Fresh + OFS
Lot Size84 shares
Total Issue Size2,59,72,633 shares (₹459.72 Cr)
Fresh Issue1,41,24,293 shares (₹250.00 Cr)
Offer for Sale (OFS)1,18,48,340 shares (₹209.72 Cr)
Pre-Issue Shares8,20,00,000
Post-Issue Shares9,61,24,293
Promoter Holding (Pre)100.00%
Market Cap (Pre-IPO)₹1,451.40 Cr
Listing ExchangeNSE, BSE
Lead ManagerEmkay Global, Valmiki Leela
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹177| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 84 | ₹14,868 |
| Retail — Maximum | 13 | 1,092 | ₹1,93,284 |
| S-HNI (sNII) — Min | 14 | 1,176 | ₹2,08,152 |
| S-HNI (sNII) — Max | 67 | 5,628 | ₹9,96,156 |
| B-HNI (bNII) — Min | 68 | 5,712 | ₹10,11,024 |
⚠️ Note: Investors can bid for a minimum of 84 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net OfferNot more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 357.18 | 217.67 | 174.64 |
| Total Income | 1,927.73 | 1,400.10 | 1,025.73 |
| PAT | 104.79 | 40.58 | 24.35 |
| EBITDA | 146.34 | 56.01 | 35.77 |
| Net Worth | 238.07 | 133.21 | 92.55 |
| Reserves & Surplus | 221.67 | 129.11 | 88.45 |
| Total Borrowing | 111.11 | 80.79 | 77.93 |
Income Growth
FY 2023–24₹1,025.73 Cr
FY 2024–25₹1,400.10 Cr
FY 2025–26₹1,927.73 Cr
🎯 Key Performance Indicators
56.45%
ROE
FY 2025–26
0.47
Debt/Equity
FY 2025–26
52.08%
ROCE
FY 2025–26
5.44%
PAT Margin
FY 2025–26
7.60%
EBITDA Margin
FY 2025–26
56.45%
RoNW
FY 2025–26
6.09x
Price/Book
FY 2025–26
29.03
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹4.95
FY26 earnings + pre-issue shares
P/E: 35.75xPost-IPO EPS
₹10.90
FY26 earnings + post-issue shares
P/E: 16.23xPrice to Book Value
6.09x
At upper price band ₹177
Market Cap (Pre-IPO)
₹1,451.40 Cr
At issue price ₹177
ℹ️
Pre-IPO EPS (₹4.95) based on pre-issue shares (8,20,00,000) and FY26 earnings. Post-IPO EPS (₹10.90) accounts for the dilution resulting from the issuance of 1,41,24,293 fresh equity shares extending the total post-issue equity to 9,61,24,293 shares. Post-IPO Market Cap expands to ₹1,701.40 Cr.
🎯 Objects of the Issue
Net proceeds utilisation1
Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company
₹215.00 Cr
2
General corporate purposes
Balance
Total Fresh Issue Goal
₹250.00 Cr
🏢 About Deepa Jewellers Ltd.
Est. 2016 · Hyderabad, Telangana · Retail & Wholesale TradingDeepa Jewellers Limited, incorporated in 2016, is a prominent player engaged in the retail and wholesale trading of high-quality gold and diamond jewellery. The company specializes in curating a diverse blend of traditional and contemporary designs that cater to shifting customer preferences, heavily focused on the Southern Indian market.
The business orchestrates robust sourcing, intricate designing, and localized distribution of an extensive product portfolio spanning specialized traditional ornaments like Vaddanam (waist belts), CNC machine-cut bangles, vanky (armlets), gundlamala haaram, and customized diamond rings. Leveraging an expanding physical footprint combined with digital capabilities via the proprietary “Deepa Jewellers Limited” mobile application, the company actively services a deep distribution network of 373 B2B and B2C clients across 13 Indian states and 1 union territory, focusing strongly on transparent pricing and uncompromised purity.
Brand Ecosystem
💍
Specialized Products
Portfolio featuring 110 SKUs across Vaddanam, CNC bangles, and traditional gundlamala haaram
🏢
Retail & B2B Network
Serving an established base of 47 major jewellery chains and 326 standalone stores
📱
Digital Capabilities
Proprietary mobile application deployed to enable remote access to high-res jewellery collections
🌍
Market Footprint
Strong localized presence expanding aggressively across 13 Indian states with Southern dominance
Competitive Strengths
📍Entrenched dominance in the Southern market catering specifically to traditional demographic preferences
🤝Deep, long-standing operational relationships with major jewellery retail chains and standalone regional stores
🎨Highly diversified product portfolio combining heavy CNC mechanization and customized artisan craftsmanship
📈Superb financial metrics achieving a 158% spike in PAT and a top-tier ROE scaling to 56.45% in FY26
Company Promoters
AA
Ashish Agarwal, Seema Agarwal & Dev Agarwal
Promoters, Deepa Jewellers Ltd.
📅 Key Dates
IPO Opens01 Sep 2026
IPO Closes03 Sep 2026
Allotment04 Sep 2026
Refund & Share Credit07 Sep 2026
Listing Day08 Sep 2026
💡 Quick Summary
Price Band₹168 – ₹177
Upper Price₹177 / share
Lot Size84 shares
Min. Investment (Retail)₹14,868
Issue Size₹459.72 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Emkay Global Financial, Valmiki Leela Capital
📍 Registered Address
Deepa Jewellers Ltd.
Ground floor and first floor,
door no. 3-6-343 & 344, Basheerbagh,
Himayathnagar, Hyderabad — 500029
📞 +91 76809 62117
[email protected]
Ground floor and first floor,
door no. 3-6-343 & 344, Basheerbagh,
Himayathnagar, Hyderabad — 500029
📞 +91 76809 62117
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Deepa Jewellers IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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