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 ₹208 today (+17.4% 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
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 19% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Deepa Jewellers Limited | — | 56.45% | ₹12.78 |
| Sky Gold and Diamonds Limited | 57.56× | 23.88% | ₹13.96 |
| Shanti Gold International Limited | 12.72× | 37.34% | ₹21.22 |
| Shringar House of Mangalsutra Limited | 17.02× | 26.29% | ₹13.55 |
| RBZ Jewellers Ltd | 10.08× | 20.11% | ₹13.7 |
| Khazanchi Jewellers Limited | 22.22× | 32.45% | ₹36.1 |
| This issue | 13.8× | 56.45% | ₹12.78 |
derived: cut-off price Rs177 / stated EPS Rs12.78 (Fiscal 2026 diluted EPS, restated, Ind AS 33, adjusted for sub-division of equity shares and bonus issue). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.