Deepa Jewellers IPO
Deepa Jewellers Limited (DEEPA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 08 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.3% (likely range -3% to +16%), day's high +3.9%, chance of a gain 49%. Actual: +24.9% at the open, +25.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 51,55,438 | 19,07,76,852 | 37.0x | |
| NII (HNI) total | 40,09,394 | 42,48,23,532 | 106x | |
| Big NII (above ₹10 lakh) | 26,72,930 | 33,12,95,244 | 124x | |
| Small NII (₹2-10 lakh) | 13,36,464 | 9,35,28,288 | 70.0x | |
| Retail | 93,55,253 | 17,35,05,948 | 18.5x | |
| Total | 1,85,20,085 | 78,91,06,332 | 42.6x |
Bids on NSE and BSE together, as published by NSE, as of 03 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 18% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Deepa Jewellers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Excelsoft TechnologiesNov 2025 | 47.6x | 102x | 15.6x | 43.2x | ₹526 Cr | +12.5% | +18.8% |
| Shankara Building ProductsMar 2017 | 51.6x | 90.7x | 15.3x | 41.9x | ₹349 Cr | +20.7% | +38.3% |
| Glenmark Life SciencesJul 2021 | 37.0x | 123x | 14.6x | 44.2x | ₹1,539 Cr | +4.2% | +11.0% |
| Technocraft VenturesAug 2026 | 42.3x | 65.1x | 25.3x | 38.7x | ₹252 Cr | +34.0% | +57.7% |
| Neogen ChemicalsApr 2019 | 30.5x | 114x | 16.1x | 41.2x | ₹133 Cr | +16.7% | +22.6% |
| Capillary Technologies IndiaNov 2025 | 57.3x | 69.8x | 15.8x | 52.9x | ₹878 Cr | -0.9% | +9.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Emkay Global Financial Services | 10 | +16.7% | 60% |
| Valmiki Leela Capital | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Deepa Jewellers IPO price band and lot size? ₹168–177 per share, with a lot of 84 shares, so the smallest retail bid is ₹14,868.
How many times has it been subscribed? 42.6x overall: QIB 37.0x, NII 106x, retail 18.5x.
How did it list? It opened at ₹221, +24.9% against the issue price of ₹177, and closed its first day +9.8%.
