Deepa Jewellers IPO

B2B Gold Jewellery Design & Supply - Listed on 08 September 2026

+24.9% listing gain
Issue Price (Upper)
Rs 177
Listing Price
Rs 221
Closing Price (NSE)
Rs 194.37
Total Subscription
43.40x

Deepa Jewellers IPO listing summary

Deepa Jewellers (B2B Gold Jewellery Design & Supply) closed its IPO window in 2026 and listed on NSE and BSE on 08 September 2026 at an upper band issue price of Rs 177, opening at Rs 221 for a listing gain of +24.9% and closing day one at Rs 194.37 (+9.8% on closing basis). The IPO was subscribed 43.40x overall - QIB 36.73x, HNI/NII 109.04x, Retail 19.09x. The total issue size was Rs 459.72 Cr (Fresh Issue Rs 250 Cr, OFS Rs 209.72 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+24.86%
Listing Gain (Close)
+9.81%
Day Change After Listing
-12.05%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB36.73x
HNI / NII109.04x
Retail19.09x
Overall43.40x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.88x
Day 23.67x
Day 3 (Final)43.40x

Deepa Jewellers IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 23+13.60%
Day 2Rs 20+11.30%
Day 3Rs 21+13.60%
Day 4Rs 27+15.25%
Day 5Rs 44+24.86%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
11.3%-24.9%
IPOGyani AI Prediction
16.3%
Actual Listing Gain
+24.9%

Prediction Accuracy: 8.6 pp (Reasonably accurate)

Issue & financials

Issue SizeRs 459.72 Cr
Fresh IssueRs 250 Cr
OFSRs 209.72 Cr
IPO PE16.24
Peer / Sector PE23.92
PE vs Sector Ratio0.68
Latest EBITDA (Cr)7.60
Debt / Equity0.47

Market context at listing

How the broader market moved around the Deepa Jewellers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.86%
Nifty 1W Return-0.32%
Nifty 1M Return+1.50%
Nifty during IPO window-1.25%

Deepa Jewellers IPO - FAQs

What was the listing gain of Deepa Jewellers IPO?

Deepa Jewellers IPO listed at +24.9% versus the upper issue price of Rs 177 on 08 September 2026.

How many times was Deepa Jewellers IPO subscribed?

Deepa Jewellers IPO was subscribed 43.40x overall. QIB portion was subscribed 36.73x, HNI / NII 109.04x and Retail 19.09x.

What was the IPO GMP for Deepa Jewellers?

IPO GMP started at Rs 23 on Day 1 and moved to Rs 44 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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