6 days ago
Deepa Jewellers Sets ₹168–₹177 IPO Band, Opens September 1
Deepa Jewellers is planning to sell shares to the public through an IPO.
Each share will cost between ₹168 and ₹177.
People can apply from September 1 to September 3.
The smallest application is for 84 shares.
The company will raise ₹250 crore by issuing new shares.
Some existing shares will also be sold by Ashish Agarwal and Seema Agarwal.
Most of the new money will be used to buy and grow jewellery inventory.
The shares are expected to list on the BSE and NSE on September 8.
Deepa Jewellers has fixed its IPO price band at ₹168–₹177 per ₹2 equity share, with a lot size of 84 shares.
The IPO will open on September 1 and close on September 3, with anchor-investor bidding scheduled for August 31.
The issue includes a ₹250 crore fresh share sale and an offer for sale of up to 1.18 crore shares by Ashish Agarwal and Seema Agarwal.
The company plans to use ₹215 crore from the fresh issue for long-term working capital, including jewellery inventory procurement, maintenance and expansion.
Deepa Jewellers reported FY26 revenue of ₹1,926.7 crore and net profit of ₹104.8 crore, while its shares are expected to list on September 8.
- Who
- Deepa Jewellers Limited, along with promoter shareholders Ashish Agarwal and Seema Agarwal.
- What
- An IPO comprising a ₹250 crore fresh issue and an offer for sale of up to 1.18 crore equity shares.
- Where
- The shares are expected to list on the BSE and NSE; the company supplies jewellery across Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala.
- When
- Anchor-investor bidding is scheduled for August 31; subscription runs from September 1 to September 3, with allotment expected on September 4 and listing on September 8.
- Why
- Deepa Jewellers plans to use ₹215 crore from the fresh issue for long-term working capital, especially jewellery inventory, with the remainder for general corporate purposes.
Key facts
- Price band
- ₹168–₹177 per equity share
- Lot size
- 84 shares and multiples thereafter
- Issue structure
- ₹250 crore fresh issue plus an offer for sale of up to 1.18 crore shares
- Investor allocation
- Up to 50% for qualified institutional buyers, at least 15% for non-institutional investors and at least 35% for retail investors
- Subscription period
- September 1 to September 3
- Use of proceeds
- ₹215 crore for long-term working capital; the balance for general corporate purposes
- Financial performance
- FY26 net profit of ₹104.8 crore and revenue of ₹1,926.7 crore
- Expected listing
- September 8 on the BSE and NSE
Sources
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