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HomeIPODeepa Jewellers

About Deepa Jewellers

Deepa Jewellers Ltd. is into the retail and wholesale trade of gold and diamond jewellery that come in a variety of traditional and modern designs meeting the preferences of different kinds of customers. The business is dedicated to the procurement, design and sale of various products like rings, necklaces, earings, bangles, and custom-made ornaments which are made with high-quality material and fine craftsmanship.Deepa Jewellers Ltd. prides itself on the purity, fair pricing and trust it generates through physical retail outlets and supply chains while following regulatory requirements and jewellery market dynamics. Product Portfolio: Vaddanam (waist belt), CNC machine cut bangles, gents kada, vanky(armlet),dandpatti (bajuband), gundlamala haaram (traditional neck piece), gundlamala necklace, kangan, earring, mangtika(forehead pendant), maatil (ear chain), champasaralu (ear to hair chain), jada (braid ornament), and rings. As of 30th November, 2025, they have a product portfolio consisting of 14 products and 76 SKUs within their product categories.

Checklist Quality Analysis

Revenue Growth

Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Deepa Jewellers

Deepa Jewellers

Open Date

Sep 1, 2026

Close Date

Sep 3, 2026

listed

Min Investment

₹14,868

Lot Size

84 Shares

Issue Size

₹459.72 Cr

Price Range

₹168 - ₹168

Listing Date

Sep 8, 2026

IPO Doc

RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹25(+14.12%)GMP
14.12%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Deepa Jewellers IPO - Issue Objectives

₹215 crore will fund long-term working capital for inventory procurement and scaling. Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Working capital

86%

General corporate purposes

14%

1

Working capital

₹215 crore will fund long-term working capital for inventory procurement and scaling.

86.00%
2

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

14.00%

IPO Subscription Status

QIB
36.73x
NII
109.04x
Individual
19.09x
Total
43.40x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Deepa Jewellers

In Cr.

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

South India market leadership

A strong South India footprint leverages India’s highest jewellery consumption markets with the support of an industry that will grow at a 6-7% CAGR to ₹6,600 billion by FY30 and early diversification into 13 states, indicating potential for growth.

02

Sticky customer base

Serves 373 customers till 31st July 2026, which include Joyalukkas, Kalyan Jewellers and Lalithaa Jewellery Mart. 122 customers have been with the company for over 5 years, and 18 even since inception.

03

Specialised & growing product range

A specialised & growing product range in high-share products such as vaddanam and CNC bangles has been driven through continuous expansion of the SKU range and an in-house specialised 15-member design team.

04

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Customer concentration

64.67% of the revenue of FY26 comes from the top 10 customers, with the absence of any long-term contract, putting the company at risk of sudden withdrawals by some B2B clients.

02

Geographic concentration

94.3% of FY26 revenue comes from the South Indian region, with the Telangana region accounting for as much as 41.5%; hence, the risk of economic or weather/political disruptions to the business.

03

Contact Details

Deepa Jewellers

Ground floor and first floor, door no. 3- 6-343 & 344, Basheerbagh, Himayathnagar, Hyderabad, Telangana, 500029

+917680962117
cs@deepajewel.com
N/A

Deepa Jewellers IPO - FAQs

Deepa Jewellers IPO is a Mainboard IPO. The issue is priced at 168-₹177. The minimum order quantity is 84 Shares. The IPO opens on 1 Sep, and closes on 3 Sep. TBA is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.








IPO Timeline

  • Pre Apply2026-08-31
  • Bidding Starts2026-09-01
  • Bidding Ends2026-09-03
  • Allotment Finalisation2026-09-04
  • Release of Funds2026-09-07
  • Demat Transfer2026-09-07
  • Listing2026-09-08

Reliable karigar & procurement network

A reliable base of 41 karigars, with 29 on formal arrangements and 25 associated for over 5 years, along with a multi-sourced procurement network for gold, silver & gemstones.

Gold price volatility

Average prices of gold rose almost twice from ₹60,624 to ₹115,996 per 10 grams during the period from FY24 to FY26, thereby directly impacting margins for unhedged inventory.

04

Supplier concentration

91.8% of FY26 purchases come from the top 10 suppliers without having any long-term agreement, thereby posing risks to the continuity in procurement of its single most critical raw material.

05

Negative operating cash flows

The company had a negative operating cash flow amounting to ₹(14.73) crore in FY26 and ₹(9.86) crore in FY25, with quick inventory and receivables build-up.