Deepa Jewellers Limited Raises Rs 137.91 Crore from Anchor Investors

Mumbai, August 31, 2026:  Deepa Jewellers Limited, which is an organized B2B designer, processor and supplier of hallmarked gold jewellery, primarily having operations in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala, has garnered Rs 137.91 crore from anchor investors ahead of its initial public offering, which opens for public subscription on 1 September, 2026.

 

The company informed the bourses that it allocated 77,91,789 equity shares at Rs 177 per share to anchor investors.

 

Some of the marquee institutions that participated in the anchor include Nomura Singapore Limited, Citi Group Global Markets Mauritius Private Limited, Maybank Securities Pte Ltd – ODI, Ashoka India Equity Investment Trust Plc, Motilal Oswal Finvest Limited and WhiteOak Capital Equity Fund

 

Amongst equity-oriented schemes, the company has allocated shares to Tata India Consumer Fund, Tata Dividend Yield Fund and Unifi Mutual Fund – Unifi Flexi Cap Fund.

 

Out of the total allocation of 77,91,789 equity shares to the anchor investors, 14,96,796 were allocated to 2 domestic mutual funds through 3 schemes.

 

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

 

The equity shares are proposed to be listed on the NSE and BSE Limited.

 

IPO Details

Deepa Jewellers Limited has fixed the price band of Rs 168 to Rs 177 per Equity Share of face value Rs. 2/- each for its maiden initial public offer.

 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, September 1, 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.

 

The offer, with a face value of Rs 2 per equity share, comprises a fresh issue of up to Rs 250 crore and an offer-for-sale for up to 11,848,340 equity shares by promoters - Ashish Agarwal and Seema Agarwal.

 

The proceeds from its fresh issuance worth Rs 215 crore will be utilised for funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the company, and general corporate purposes.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.