1 hr ago
Deepa Jewellers IPO Set for Listing Amid Mixed Signals
Deepa Jewellers is expected to begin trading on the stock exchanges on 8 September 2026.
Its shares will be listed on both the BSE and NSE at 10:00 IST.
The IPO price was ₹177 per share.
In the grey market, the shares were trading at a premium of ₹25.5.
This suggested a possible listing price of ₹202.5, although grey-market trends were described as cautious.
An analyst said the company supplies jewellery to 373 customers, including major retail chains.
The company has reported strong recent growth and plans to open a manufacturing facility in Hyderabad.
Investors were advised to consider taking some gains and watch the company’s future performance before buying more shares.
Deepa Jewellers shares are scheduled to list on the BSE and NSE on Tuesday, 8 September 2026, at 10:00 IST.
The shares will debut through a special pre-open session and trade in the BSE ‘B’ Group of Securities.
The IPO’s grey market premium stood at ₹25.5, implying an estimated listing price of ₹202.5, or 14.41% above the ₹177 issue price.
Analyst Mahesh M. Ojha highlighted the company’s customer base, financial growth, asset-light manufacturing model and strong FY26 profitability.
Allotted investors were advised to consider partial profit-booking while monitoring margins, execution and the planned Hyderabad facility before accumulating more shares.
- Who
- Deepa Jewellers Limited and investors allotted shares in its IPO; Mahesh M. Ojha provided the cited analysis.
- What
- Deepa Jewellers’ equity shares are scheduled to list and begin trading following the IPO.
- Where
- The shares are scheduled to list on the BSE and NSE in India.
- When
- Tuesday, 8 September 2026, at 10:00 IST; allotment was finalised on Friday, 4 September.
- Why
- The listing follows the completion of Deepa Jewellers’ IPO and allotment process.
Cautious Market Signals
Positive Business Outlook
Expected listing performance
Cautious Market Signals
The ₹25.5 GMP was described as indicating a pessimistic outlook, with the premium fluctuating between ₹0 and ₹55 over 13 sessions.
Positive Business Outlook
The cited GMP implied an estimated listing price of ₹202.5, which would be 14.41% above the ₹177 IPO price.
Investment approach
Cautious Market Signals
Investors were advised to monitor execution, margin trends and the Hyderabad facility for two to three quarters before considering further accumulation.
Positive Business Outlook
Allotted investors could consider booking partial gains while retaining the remaining shares for the long term.
Company prospects
Cautious Market Signals
The company’s future performance depends on execution and the results of its planned manufacturing expansion, according to the analyst’s guidance.
Positive Business Outlook
The analyst pointed to strong financial growth, robust FY26 returns, 373 customers, inventory hedging and a favourable jewellery-market backdrop.
Key facts
- IPO price
- ₹177 per share at the upper end of the price band
- Grey-market premium
- ₹25.5
- Indicative listing price
- ₹202.5 per share, based on the cited GMP
- Indicative premium
- 14.41% above the IPO price
- Customer base
- 373 customers
- FY26 inventory holding
- 18 days
- Planned facility
- A 6,696 sq. ft. in-house manufacturing facility in Hyderabad, expected in H1 FY27
Sources
Related news
Deepa Jewellers IPO Opens With GMP Signaling Potential Listing Gains
Deepa Jewellers IPO Draws Strong Demand, Grey Market Signals Gains
Deepa Jewellers Sets ₹168–₹177 IPO Band, Opens September 1
Deepa Jewellers IPO Allotment Status, GMP, Listing Date
