Deepa Jewellers
Jewellery retailer selling gold, diamond and precious-stone jewellery.
Last updated 16 Sept 2026, 4:57 pm IST
- Price band
- ₹168 – ₹177
- Lot size
- 84
- Issue size
- ₹459.7 Cr (₹250 Cr fresh + ₹209.7 Cr OFS)
- Opens
- 1 Sept 2026
- Closes
- 3 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹22 (~12.4%) (listing morning; was ₹42 (~23.7%) on 4 Sep)
- Subscription
- 43.40× (final)
- Listing gain
- NSE +24.9% / BSE +24.9% (8 Sep)
- Listing date
- 8 Sept 2026
- Model prediction
- ~+18% expected → Subscribe. Listed +24.9% NSE / +24.9% BSE (8 Sep), closed day 1 at +9.8%; call held.
The Ticker Tales take
Deepa Jewellers is a jewellery retailer selling gold, diamond and precious-stone pieces. The ₹459.7 crore issue was a mix of ₹250 crore of fresh money and ₹209.7 crore going to existing owners, and it was 43.40x subscribed. We had expected a pop of around 18%. It opened at ₹221 on 8 September, a 24.9% premium to the ₹177 issue price, then gave back much of that to close the day at ₹194.37, up 9.8%. The call worked — the listing beat our estimate, though anyone who held past the opening bell saw the gain roughly halve.
More details
- Sector
- Jewellery retail
- Issue type
- Book-built (₹250 Cr fresh + ₹209.7 Cr OFS)
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.