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Deepa Jewellers IPO listing: Shares of Deepa Jewellers are slated to list in the Indian stock market tomorrow (Tuesday, 8 September). Deepa Jewellers IPO allotment was finalised on Friday, 4 September. Those who have been allocated shares can expect them to be credited to their demat accounts today, Monday, 7 September. Those who have not yet received their shares can also expect to receive the refund today. The organised B2B designer, processor and supplier of hallmarked gold jewellery launched its IPO for subscription from Tuesday, 1 September, to Thursday, 3 September. By the conclusion of the bidding period, the offering received a healthy response, particularly from non-institutional investors (NIIs) who subscribed to their portion 105.96 times. Qualified institutional buyers (QIBs) quota was booked 37 times. Retail investors' segment showed a subscription rate of 18.55 times. Notably, on the third day of the offer, Deepa Jewellers IPO subscription status stood at 43 times, as per NSE data. Deepa Jewellers IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIBs), not less than 15% for non-institutional Investors (NIIs), and not less than 35%for retail investors. Deepa Jewellers IPO price band was fixed at ₹168 to ₹177 per equity share, with a face value of ₹2. Investors could apply for the mainboard IPO in lot sizes of 84 equity shares and in multiples of 84 equity shares thereafter. Ahead of the listing, Deepa Jewellers IPO GMP signals a strong debut. Deepa Jewellers IPO GMP today is +23.5. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Deepa Jewellers share was ₹200.5 apiece, which is 13.28% higher than the IPO price of ₹177. Based on grey market trends observed over the past 13 sessions, the current GMP is ₹23.5, indicating a negative outlook. Throughout this timeframe, the GMP fluctuated between a minimum of ₹0.00 and a maximum of ₹55, as per experts' analysis. Deepa Jewellers IPO had a price band of ₹168-177 per equity share and comprised a fresh issue of shares worth up to ₹250 crore along with an offer for sale (OFS) of more than 1.18 crore shares. At the upper end of the price band, the company’s post-issue implied market capitalisation is estimated at around ₹1,700 crore. The company plans to use the proceeds from the fresh issue to meet its long-term working capital requirements, including procurement, maintenance and expansion of inventory. A portion of the funds will also be allocated towards general corporate purposes. Emkay Global Financial Services is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd is the registrar. Incorporated in 2016, Deepa Jewellers is an organised B2B designer, processor and supplier of hallmarked gold jewellery. The company has a presence across Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. It offers a diverse range of jewellery products, with design, processing and sales supported by an outsourced manufacturing model and a network of skilled artisans, or karigars. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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