Deepa Jewellers IPO Listing: Shares List At A Premium Of 25%

Deepa Jewellers got off to a positive start on the bourses, with its shares listing at a 25% premium. The stock debuted at ₹221 on the NSE and ₹221.05 on the BSE. Read more.
Deepa Jewellers made a strong debut on the stock exchanges. The company’s shares were listed at a premium of 25%. The company’s shares were listed at ₹221 on the National Stock Exchange (NSE). On the Bombay Stock Exchange (BSE), the shares were listed at ₹221.05.
Deepa Jewellers IPO And Subscription Details
Priced between ₹168 and ₹177 a share, the Deepa Jewellers’ initial public offering (IPO) comprised a ₹250-crore fresh issue and an offer for sale (OFS) of up to 1.18 crore shares worth ₹209.72 crore.
Investor interest remained strong through the bidding period of the Deepa Jewellers’ IPO, with the issue receiving 42.61 times subscription by 3 September, NSE data showed.
Bids were placed for 78.91 crore shares, compared with 1.85 crore shares available. The non-institutional investor (NII) category saw 105.96 times subscription, while qualified institutional bidders (QIBs) bid 37 times and retail investors 18.55 times.
About Deepa Jewellers
Deepa Jewellers was set up in 2016. It operates mainly as a business-to-business (B2B) supplier in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. Its products include bangles, necklaces, earrings, rings and customised gold ornaments.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer

Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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