Archive · 8 Sep 2026
Deepa Jewellers Shares Surge Nearly 25% In Market Debut
Deepa Jewellers sold shares to the public through an IPO.
Its shares began trading at much more than the IPO price.
The IPO price was Rs 177 per share.
On the first day, the shares opened at about Rs 221.
Investors had shown very strong interest in the IPO.
They subscribed nearly 43 times the number of shares offered.
The company will use much of the new money to manage and expand its jewellery inventory.
Deepa Jewellers designs, processes and supplies hallmarked gold jewellery.
It mainly serves businesses in five southern Indian states.
Deepa Jewellers shares opened nearly 25% above their Rs 177 IPO issue price.
The stock debuted at Rs 221.05 on the BSE and Rs 221 on the NSE.
The Rs 460 crore IPO was subscribed nearly 43 times on the final bidding day.
The offering included a fresh issue of up to Rs 250 crore and an offer for sale of more than 1.18 crore shares.
Proceeds will mainly support working capital, jewellery inventory procurement, maintenance and expansion.
- Who
- Deepa Jewellers Ltd and investors in its initial public offering.
- What
- Deepa Jewellers shares made a market debut at a premium of nearly 25%.
- When
- Tuesday, September 8; the year is not specified.
- Where
- The shares debuted on the BSE and NSE in Mumbai’s Dalal Street market.
- Why
- Strong investor demand, including institutional interest, drove the heavily subscribed IPO and premium listing.
- IPO issue price
- Rs 177 per share
- BSE opening price
- Rs 221.05
- NSE opening price
- Rs 221
- IPO size
- Rs 460 crore
- IPO subscription
- Nearly 43 times on the final bidding day
- Fresh issue
- Up to Rs 250 crore
- Post-listing market capitalisation
- Around Rs 1,920.56 crore