How to Check Deepa Jewellers IPO Allotment Status

Deepa Jewellers Limited is a jewellery company engaged in the retail and wholesale sale of gold and diamond jewellery. Incorporated in 2016, the company has expanded its product portfolio over the years, including the introduction of CNC machine-cut bangles and men's kadas. It also expanded its geographical presence by establishing a branch office in Vijayawada, Andhra Pradesh.

Its jewellery portfolio includes products such as vaddanam, CNC bangles, men's kadas, vanky, bajuband, gundlamala haaram, gundlamala necklaces, kangan, earrings, mangtika, maatil, champasaralu, jada and rings. The company caters to demand across traditional, wedding and other jewellery categories.

Deepa Jewellers has been expanding its manufacturing capabilities alongside its distribution business. In 2025, it ordered equipment including a real-wax 3D printer, vacuum-pressure casting machine and induction-melting machine for establishing its first in-house manufacturing facility.

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The company crossed annual turnover of ₹500 crore in 2022 and ₹1,000 crore in 2024, reflecting the expansion of its jewellery operations in recent years.

Deepa Jewellers IPO is a ₹459.72 crore book-built mainboard issue. It comprises a fresh issue of approximately ₹250 crore and an offer for sale of approximately ₹209.72 crore by existing shareholders.

The IPO opened for subscription on September 1, 2026 and closed on September 3, 2026. The basis of allotment is scheduled for September 4, 2026, followed by initiation of refunds and credit of shares on September 7. Deepa Jewellers shares are scheduled to list on BSE and NSE on September 8, 2026.

The price band was fixed at ₹168 to ₹177 per share, with a lot size of 84 shares. At the upper price band, the minimum Retail Investor application for one lot amounts to ₹14,868.

Emkay Global Financial Services Limited and Valmiki Leela Capital Private Limited are the book-running lead managers to the IPO, while Bigshare Services Private Limited is the registrar.

Registrar:  Bigshare Services Private Limited

BSE: BSE IPO Allotment Status Page

NSE: NSE IPO Allotment Status Page

Deepa Jewellers IPO Subscription Status

Deepa Jewellers IPO was subscribed 43.37 times based on the supplied closing-day subscription snapshot. Demand accelerated substantially on the third and final day, particularly across the NII and QIB categories.

The QIB category was subscribed 36.73 times in the supplied closing snapshot. Institutional participation was relatively limited during the first two days, at 0.11 times on Day 1 and 0.45 times on Day 2, before increasing substantially on the final day.

The Retail category was subscribed 19.03 times in the supplied Day 3 snapshot. Retail demand had crossed full subscription on the opening day at 1.42 times and increased to 4.85 times on Day 2.

Overall subscription increased from 0.88 times on Day 1 to 3.69 times on Day 2, before reaching 43.37 times in the supplied closing-day snapshot.

Later final exchange-linked data recorded the IPO at 42.61 times overall, with QIBs subscribed 37.01 times, NIIs 105.96 times and Retail Investors 18.55 times. The difference reflects updated exchange figures and data cut-offs; the table above retains the snapshot supplied for consistency.

Deepa Jewellers IPO Share Price and Investment Details

Deepa Jewellers IPO price band was fixed at ₹168 to ₹177 per share, with a lot size of 84 shares. At the upper price of ₹177, one lot requires a minimum Retail Investor investment of ₹14,868.

Retail Investors could apply for up to 13 lots or 1,092 shares, representing an investment of ₹1,93,284 at the upper price band. The minimum sNII application starts from 14 lots or 1,176 shares, amounting to ₹2,08,152.

The IPO aggregates to approximately ₹459.72 crore, comprising a fresh issue of about ₹250 crore and an OFS of approximately ₹209.72 crore.

Based on the supplied subscription snapshot, NIIs led demand at 109.02 times, followed by QIBs at 36.73 times and Retail Investors at 19.03 times. Overall subscription stood at 43.37 times in the supplied closing snapshot.

Final exchange data subsequently recorded overall subscription at 42.61 times. The basis of allotment is scheduled for September 4, followed by refunds and share credit on September 7 and the proposed BSE and NSE listing on September 8.

Utilisation of IPO Proceeds

Deepa Jewellers proposes to utilise approximately ₹215 crore from the fresh issue proceeds towards funding long-term working-capital requirements for procurement, maintenance and scaling up of inventory.

The jewellery business requires significant inventory investment because of the value of gold, diamonds and other raw materials. The proposed working-capital allocation is intended to support procurement and maintain inventory levels as the company scales its operations.

The remaining eligible net proceeds from the fresh issue are proposed to be utilised towards general corporate purposes, including strategic initiatives and other business requirements permitted under applicable regulations.

The IPO also includes an OFS of approximately ₹209.72 crore. Proceeds from the OFS will be received by the selling shareholders and will not be available to Deepa Jewellers for its working-capital or other corporate requirements.

Business Overview

Deepa Jewellers operates in India's gold and diamond jewellery market, with activities spanning retail and wholesale distribution. Its portfolio covers a broad selection of traditional and contemporary jewellery products, catering to wedding, festive and everyday jewellery demand.

The company's product portfolio includes vaddanam, CNC bangles, men's kadas, vanky, bajuband, gundlamala haaram, necklaces, kangan, earrings, mangtika, maatil, champasaralu, jada and rings. Its specialisation in categories such as vaddanam and CNC jewellery helps broaden the range offered to jewellery retailers and customers.

Deepa Jewellers has been expanding its manufacturing capabilities. In 2025, the company ordered machinery including a real-wax 3D printer, vacuum-pressure casting machine and induction-melting machine for setting up its first in-house manufacturing facility. It also established a branch office in Vijayawada, Andhra Pradesh, as part of its geographical expansion.

The company reported total income of ₹1,927.72 crore in FY26, compared with ₹1,400.10 crore in FY25 and ₹1,025.73 crore in FY24. This represents an increase of approximately 37.7% in FY26 compared with the previous financial year.

Profit after tax increased to ₹104.79 crore in FY26, compared with ₹40.58 crore in FY25 and ₹24.35 crore in FY24. EBITDA stood at approximately ₹146.34 crore in FY26, compared with ₹56.01 crore in FY25 and ₹35.77 crore in FY24.

The company's total assets increased to ₹357.18 crore in FY26 from ₹217.67 crore in FY25, while net worth rose to ₹238.07 crore from ₹133.21 crore. However, operating cash flow remained negative at approximately ₹14.73 crore in FY26, following negative operating cash flow of ₹9.86 crore in FY25.

Key strengths include the company's growing scale of operations, diversified jewellery portfolio, established presence in South India, expansion into in-house manufacturing and growth in revenue and profitability over the last three financial years.

Investors should also consider risks associated with gold and diamond price volatility, significant working-capital and inventory requirements, dependence on jewellery-sector demand, geographic concentration, competitive pressure and execution of manufacturing expansion. Negative operating cash flows in FY25 and FY26 also highlight the working-capital-intensive nature of the business.