Deepa Jewellers IPO is a book-built public issue comprising a fresh issue and an offer for sale. The company plans to utilize the fresh issue proceeds primarily to strengthen its working capital position and support future business growth. The IPO is scheduled to open on September 1, 2026, and close on September 3, 2026, with a tentative listing on September 8, 2026. The price band has been fixed at ₹168–₹177 per share, and investors can apply in lots of 84 shares. Deepa Jewellers operates in the gold jewellery manufacturing segment and has built a strong presence through its B2B business model, serving jewellery retailers and wholesalers across India. Investors may consider the company’s financial growth, industry position, and risk factors before making an investment decision.
Deepa Jewellers IPO Details
| IPO Open Date | 01-09-2026 |
| IPO Close Date | 03-09-2026 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹168 to ₹177 Per Share |
| Issue Size | Approx ₹459.72 cr. |
| Fresh Issue | Approx ₹250 cr. |
| Offer For Sale | Approx 1,18,48,340 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | NSE,BSE |
Issue Reservation
| Investor Category | Shares Offered % |
|---|---|
| Retail Shares Offered | 35% |
| NII Shares Offered | 15% |
| QIB Shares Offered | 50% |
Deepa Jewellers IPO Market Lot
The Deepa Jewellers IPO minimum market lot is 84 shares with ₹14,868 application amount. The retail investors can apply up-to 13 lots with 1,092 shares of ₹1,93,284 amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 84 | ₹14,868 |
| Retail Maximum | 13 | 1,092 | ₹1,93,284 |
| S-HNI Minimum | 14 | 1,176 | ₹2,08,152 |
| S-HNI Maximum | 67 | 5,628 | ₹9,96,156 |
| B-HNI Minimum | 68 | 5,712 | ₹10,11,024 |
Deepa Jewellers IPO Anchor Investors
| Anchor Bidding Date | 31-08-2026 |
| Shares Offered | 77,91,789 Shares |
| Lock-in period end date 50% shares(30 Days) | 04-10-2026 |
| Lock-in period end date 50% shares (90 Days) | 03-12-2026 |
Deepa Jewellers IPO Dates
The Deepa Jewellers IPO Open date is September 1 and the close date is September 3. The Deepa Jewellers IPO allotment will be finalized on September 4 and the IPO listing on September 8.
| IPO Open Date: | 01-09-2026 |
| IPO Close Date: | 03-09-2026 |
| Basis of allotment: | 04-09-2026 |
| Refunds: | 07-09-2026 |
| Credit to Demat Account: | 07-09-2026 |
| IPO Listing Date: | 08-09-2026 |
Key Strengths and Hidden Risks
Hidden Strengths
✅ Strong Profit Growth – The company has delivered rapid growth in profits over the last three years.
✅ High Return on Equity – The company is efficiently utilizing shareholders’ capital to generate returns.
✅ Efficient Inventory Management – Low inventory days indicate strong operational efficiency and faster inventory turnover.
✅ Established Industry Relationships – The company has business relationships with several well-known jewellery retailers.
✅ Asset-Light Business Model – Its B2B model reduces the need for costly retail showroom operations.
Hidden Risks
⚠️ High Customer Dependence – A significant portion of revenue comes from a limited number of customers.
⚠️ Supplier Concentration Risk – The company relies heavily on a small group of key suppliers.
⚠️ Working Capital Intensive Business – The business requires continuous capital to support growth and operations.
⚠️ Regional Revenue Dependence – Most of the company’s revenue is generated from South India.
⚠️ Outsourced Manufacturing Model – The company depends heavily on external artisans and manufacturing partners for production.
Pre and Post-IPO Shareholding Pattern
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 72.98% |
| Public | 27.02% | |
| Total | 100% | 100% |
Company Promoters: Ashish Agarwal, Seema Agarwal and Dev Agarwal.
Use of Funds
The funds raised through this issue will be directed towards strengthening the Company’s operations and supporting its long-term growth plans.
| Purpose | Crores |
|---|---|
| To meet the Company’s ongoing working capital needs for purchasing inventory, handling regular maintenance, and expanding stock levels to support business growth. | ₹215 |
| To be used for general business requirements and other corporate activities. | ₹- |
About
Deepa Jewellers Limited is a Hyderabad-based jewellery manufacturer established in 2016. The company specializes in designing and producing a wide range of gold jewellery, catering primarily to jewellery retailers, chains, and wholesalers across India. Its product portfolio includes traditional, contemporary, and customized jewellery designs, with particular expertise in vaddanam and CNC machine-cut bangles. The company operates through an established procurement network and maintains long-term relationships with skilled karigars, enabling efficient production and timely delivery.
Deepa Jewellers focuses on the business-to-business (B2B) segment rather than operating a large retail jewellery chain. The company has built a diversified customer base, especially in Southern India, which contributes significantly to its revenue. Supported by experienced promoters and a professional management team, Deepa Jewellers has demonstrated consistent business growth and improving financial performance over recent years. The proceeds from the fresh issue are proposed to be utilized mainly for funding working capital requirements related to inventory procurement, maintenance, and business expansion.
Deepa Jewellers IPO Company Financial Report
| Period Ended | Revenue | Expense | Pat | Assets |
|---|---|---|---|---|
| 2024 | ₹1,025.73 | ₹993.05 | ₹24.35 | ₹174.64 |
| 2025 | ₹1,400.10 | ₹1345.63 | ₹40.58 | ₹217.67 |
| 2026 | ₹1,927.73 | ₹1787.39 | ₹104.79 | ₹357.18 |
Deepa Jewellers IPO Valuation – FY2026
Check Deepa Jewellers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
|---|---|
| ROE | 56.45% |
| ROCE | 52.08% |
| EBITDA Margin | 7.60% |
| PAT Margin | 5.44% |
| Debt to equity ration | 0.47 |
| Earning Per Share(EPS) | ₹12.78 |
| P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 56.45% |
| Net Asset Value(NAV) | ₹29.03 |
Peer Group Comparison
| Company | Income | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| RBZ Jewellers Ltd | 636.48 cr. | 13.70 | 10.08 | 20.11% | 76.96 |
| Shanti Gold International Ltd | 2018.71 cr. | 21.22 | 12.72 | 37.34% | 83.00 |
| Sky Gold and Diamonds Ltd | 4708.38 cr. | 13.97 | 57.56 | 23.88% | 72.02 |
| Khazanchi Jewellers Ltd | 2049.22 cr. | 36.10 | 22.22 | 32.45% | 129.14 |
| Shringar House of Mangalsutra Ltd | 2245.82 cr. | 13.55 | 17.02 | 26.29% | 70.29 |
Deepa Jewellers IPO Lead Managers aka Merchant Bankers
- Emkay Global Financial Services Ltd.
- Valmiki Leela Capital Pvt. Ltd.
Deepa Jewellers Company Address
Deepa Jewellers Ltd.
Ground floor and first floor,
door no. 3- 6-343 & 344,
Basheerbagh, Himayathnagar,
Hyderabad, Telangana, 500029
Phone: + 91 76809 62117
Email: cs@deepajewel.com
Website: https://www.deepajewel.com/
Deepa Jewellers IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: 8657578989/8069219065
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Disclaimer
I am not a SEBI-registered Research Analyst, Investment Adviser, or any other SEBI-regulated financial professional. The information provided on this website regarding IPOs, GMP, stock markets, and other financial topics is for educational and informational purposes only.
The content published on this website should not be considered financial advice, investment advice, or a recommendation to buy, sell, or hold any security. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.