Deepa Jewellers Limited’s IPO Makes Strong Market Debut, Lists at Rs 221 with 24.9% Premium on BSE

Mumbai, September 8, 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, listed at Rs 221 on the exchange, a premium of 24.9% to IPO price.

 

The scrip reached a high of Rs 222.10 on the BSE, and Rs 222 on the NSE. The scrip closed at Rs 194.30 on the BSE, and at Rs 194.70 on the NSE.

 

As per NSE, the total quantity traded stood at 509.32 lakh shares, on BSE the total Quantity stood at 35.07 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 1108.5 crore.

 

The market capitalisation of the Company at today’s closing price stood at Rs 1,867.70 crore as per BSE, and Rs 1,871.54 crore as per NSE.

 

The issue received bids of 78,91,06,332 equity shares against the offered 1,85,20,085 equity shares, according to data available on the stock exchanges.

 

Qualified Institutional Buyers (QIB) and Retail Portion were subscribed 37.01 times and 18.55 times, respectively. Non-Institutional Investors (NII) portion was subscribed 105.96 times.

 

Company Information

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 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.