Deepa Jewellers IPO
Deepa Jewellers IPO is a mainboard IPO raising ₹460 Cr at ₹168 – ₹177 a share. It listed on 8 Sept 2026 at ₹221, +24.9% against its issue price of ₹177, and trades at ₹196 today (+10.8% since issue). It was subscribed 43× in total.
42.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 51,55,438 | 19,07,76,852 | 37× |
| Foreign Institutional Investors | no separate quota | 4,53,27,492 | n/a |
| Domestic Financial Institutions | no separate quota | 4,47,78,216 | n/a |
| Mutual funds | no separate quota | 1,31,65,992 | n/a |
| Others | no separate quota | 8,75,05,152 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 40,09,394 | 42,48,23,532 | 106× |
| Non Institutional Investors | 26,72,930 | 33,12,95,244 | 124× |
| Corporates | no separate quota | 22,76,736 | n/a |
| Individuals | no separate quota | 31,49,80,764 | n/a |
| Others | no separate quota | 1,40,37,744 | n/a |
| Non Institutional Investors | 13,36,464 | 9,35,28,288 | 70× |
| Corporates | no separate quota | 2,05,464 | n/a |
| Individuals | no separate quota | 9,01,24,608 | n/a |
| Others | no separate quota | 31,98,216 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 93,55,253 | 17,35,05,948 | 19× |
| Cut Off | no separate quota | 14,54,73,216 | n/a |
| Price bids | no separate quota | 2,80,32,732 | n/a |
| Total | 1,85,20,085 | 78,91,06,332 | 43× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 4 Sept, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 18% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.22 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.