Top News

Business Desk – Deepa Jewelers IPO: The IPO of Deepa Jewelers has opened today i.e. on 1st September 2026 and there is a good stir among the investors regarding it. This IPO of Rs 459.72 crore will remain open till September 3. The special thing is that even before the issue opens, its shares are said to be trading at a premium of Rs 55 in the gray market. The company has fixed the upper price band at Rs 177. In such a situation, based on the current GMP, the estimated listing price comes to Rs 232, which is about 31.07% more than the issue price.

However, it is important for investors to understand that GMP is not an official figure. The premium seen in the gray market does not guarantee actual listing gains. The final listing price of the share will depend on market conditions, investor demand and the environment prevailing at the time of listing.

IPO of Rs 459.72 crore, both fresh issue and OFS

Deepa Jewellers' IPO is not limited to just issuing new shares. This Book Build Issue is worth a total of Rs 459.72 crore. In this, the company will raise Rs 250 crore by issuing 1.41 crore new shares. Apart from this, there will be Offer for Sale (OFS) of 1.18 crore shares, the total value of which is Rs 209.72 crore.

That means the issue includes both fresh issue and OFS. The allotment of IPO shares is expected to be finalized on September 4. After this, the company's shares are likely to be listed on NSE and BSE on September 8, 2026.

Rs 177 upper price band, 84 shares in one lot

The company has fixed the price band of Rs 168 to Rs 177 per share for the IPO. There will be 84 shares in one lot. According to the upper price band of Rs 177, a retail investor will have to invest Rs 14,868 for one lot.

It is also important for investors to understand the risks associated with IPOs with minimum investment. The company has fixed stake for different investor classes. Not more than 50% of the net offer is reserved for QIB i.e. Qualified Institutional Buyers. At least 35% has been kept for retail investors and at least 15% for NII i.e. non-institutional investors.

The company's business started in 2016

Deepa Jewelers Limited was started in 2016. The company does the business of retail and wholesale sale of gold and diamond jewellery. Its portfolio ranges from traditional designs to modern jewellery. Apart from rings, necklaces, earrings and bangles, the company also produces customized jewelery as per the needs of the customers. The company emphasizes quality materials and skilled workmanship.

What will happen to the money received from IPO?

The company will use a major part of the net proceeds from the IPO to meet its working capital needs. The company has earmarked Rs 215 crore for long-term working capital needs of the business including purchase and maintenance of inventory. Apart from this, a part of the amount will be used for general corporate purposes.

Profit increased by 158% in FY 2026

The company's financial performance witnessed strong improvement during FY 2026. The total income of the company in the financial year ending March 31, 2026 was Rs 1,927.73 crore, while in the financial year 2025 it was Rs 1,400.10 crore. That means the total income increased by about 38%. During the same period, the company's profit after tax i.e. PAT stood at Rs 104.79 crore. In FY 2025 it was Rs 40.58 crore. In this way the company's profit increased by about 158%.

The company's EBITDA also increased to Rs 146.34 crore in FY 2026, whereas it was Rs 56.01 crore in the previous financial year. The company's net worth increased to Rs 238.07 crore, which was Rs 133.21 crore in FY 2025. However, the total borrowings of the company have also increased. The total borrowing at the end of FY2026 was Rs 111.11 crore, while in FY2025 it was Rs 80.79 crore.

What is the signal from Rs 55 GMP?

According to the information available on September 1, 2026 at 7:55 am, the latest GMP of Deepa Jewelers IPO is stated to be Rs 55. Adding Rs 55 to the upper price band of Rs 177, the estimated listing price as per gray market comes to around Rs 232. Accordingly, the current GMP is indicating a potential listing gain of about 31.07% compared to the issue price. However, GMP can rise or fall rapidly. Therefore, it should be considered only as an indication of the market, not a solid basis for investment.

What should investors pay attention to?

On one hand, Deepa Jewelers IPO has strong financial growth of the company, current GMP of Rs 55 and attractiveness of jewelery business. On the other hand, there are also aspects like OFS share in IPO and increasing borrowings of the company. Therefore, it would not be right to decide the investment just by looking at the Gray Market Premium.

Before investing, it is important to understand the company's business, financial performance, valuation, debt and risks associated with IPO. GMP only indicates the potential listing, while the actual returns will depend on the listing and subsequent price of the share in the market.