Deepa Jewellers' Initial Public Offering (IPO) closed with a subscription rate of 42.61 times, showing strong investor demand across all categories. The IPO, aiming to raise ₹459.72 crore, is set to list on September 8, 2026.
42.61x
Overall Subscription
📊 One chart explains it
Deepa Jewellers IPO Subscription by Investor Category
Takeaway: Non-institutional investors led the charge, driving the IPO to a significant overall oversubscription.
⏳ Time Machine
How today’s news fits into the bigger picture
2017
PC Jeweller IPO sees strong demand.
The IPO of PC Jeweller was heavily subscribed, particularly by retail investors, highlighting strong interest in the jewellery sector's public offerings at the time. However, the stock later experienced significant volatility, serving as a cautionary tale for sustained performance.
August 2026
Deepa Jewellers announces IPO price band.
Deepa Jewellers set its IPO price band between ₹168 and ₹177 per share, signaling its intention to raise capital to expand its gold jewellery business. The company confirmed that up to 50% of the shares would be allocated to QIBs, 15% to NIIs, and 35% to retail investors.
September 1, 2026
Deepa Jewellers IPO opens for subscription.
The IPO subscription window opened for investors. Initial reports showed moderate interest, building up steadily over the next few days.
September 3, 2026
IPO closes, registers 42.61x oversubscription.
On its final day, the IPO saw a massive surge in bids, particularly from non-institutional investors, leading to an overall subscription rate of 42.61 times the shares on offer.
Today
Deepa Jewellers' IPO closed with a massive 42.61 times oversubscription.
What happens next?
The company's shares are scheduled to list on the BSE and NSE on September 8, 2026.
Hyderabad-based Deepa Jewellers, a B2B gold jewellery designer and supplier, saw its IPO heavily oversubscribed, concluding with bids for 42.61 times the shares on offer. Retail investors subscribed 18.55 times, while non-institutional investors (NII) showed exceptional interest at 105.96 times. Qualified Institutional Buyers (QIB) also bid robustly, subscribing 37 times. The ₹459.72 crore IPO, with a price band of ₹168-177 per share, included a fresh issue of ₹250 crore and an offer for sale of ₹209.72 crore. This strong performance highlights investor confidence in the gold jewellery sector and the company's business model ahead of its listing on September 8, 2026.
💭 If you're wondering…
In a fresh issue, new shares are created by the company and the money raised goes directly to the company for its business purposes, like funding expansion or debt repayment. In an offer for sale (OFS), existing shareholders sell their shares, and the money goes to those selling shareholders, not the company itself.
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