Price band of Rs 168 – Rs 177 per Equity Share bearing face value of Rs 2 each (“Equity Shares”)
Bid/Offer Opening Date – Tuesday, September 01, 2026 and Bid/Offer Closing Date – Thursday, September 03, 2026
Minimum Bid Lot is 84 Equity Shares and in multiples of 84 Equity Shares thereafter
(L-R) Mr. Dev Agarwal, Whole-Time Director and Mr. Ashish Agarwal, CMD, Deepa Jewellers Limited at the launch of the Company’s IPO in Mumbai
Mumbai, August 27, 2026: Deepa Jewellers Limited (the “Company”) has fixed the price band of Rs 168/- to Rs 177/- per Equity Share of face value Rs 2 each (“Equity Shares”) for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, September 01, 2026, for subscription and close on Thursday, September, 03, 2026.
Investors can bid for a minimum of 84 Equity Shares and in multiples of 84 Equity Shares thereafter. As on the date, there is outstanding of 82,000,000 Equity Shares.
The Offer comprises a fresh issue of up to Rs 2,500.00 million and an offer-for-sale for up to 11,848,340 Equity Shares by the Promoter Selling Shareholders, comprising up to 5,924,170 Equity Shares by Ashish Agarwal and 5,924,170 Equity Shares by Seema Agarwal.
The proceeds from its fresh issuance worth Rs 2,500.00 million will be utilised for funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company, general corporate purposes and Offer Expenses.
The Offer is being made through the book-building process, in compliance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), wherein not more than 50% of the Offer shall be available for allocation to qualified institutional buyers (“QIBs”), not less than 15% of the Offer shall be available for allocation to non-institutional bidders (NIIs), and not less than 35% of the Offer shall be available for allocation to retail individual bidders (RIIs).
Incorporated in 2016, the Company is an organized B2B designer, processor and supplier of hallmarked gold jewellery, primarily having operations in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. According to a CRISIL Report, the Company is one of the key processors and suppliers of vaddanam and CNC machine cut bangles, distributing to jewellery retail chains and standalone stores.
The Company is an organized business-to-business (B2B) company, engaged in designing, getting its jewellery manufactured, and supplying gold jewellery to other businesses such as retail chains and standalone stores, rather than selling directly to end customers.
It is engaged in the business of processing and supplying 22 karat gold jewellery, job-work services and trading of jewellery and related products. The Company designs, processes and sells a wide range of hallmarked plain gold and precious stone studded jewellery.
- G. Moin