Deepa Jewellers IPO

Deepa Jewellers IPO: Overview

Deepa Jewellers Limited, a Hyderabad-based wholesaler and trader of gold and diamond jewellery, is set to launch its ₹459.72 crore mainboard IPO on September 1, 2026. The issue closes on September 3, 2026, with listing on both BSE and NSE expected on September 8, 2026.

The issue combines a fresh issue of ~₹250 crores with an offer for sale of up to 1,18,48,340 equity shares by existing shareholders.

Deepa Jewellers IPO: Key Dates

Deepa Jewellers IPO: Issue Details

Reservation is split 35% for retail, 50% for QIB, and 15% for NII/HNI.

Deepa Jewellers IPO: Lot Size

About Deepa Jewellers

Founded in 2016, Deepa Jewellers is a wholesaler and trader of gold and diamond jewellery, offering a mix of traditional and contemporary designs across rings, necklaces, earrings, bangles, and customised ornaments. The company's catalogue spans 16 product categories with 110 distinct designs, including regional specialities like vaddanam (waist belt), gundlamala haaram, jada (braid ornaments), and mangtika (forehead pendants).

The company positions itself around transparent pricing and skilled craftsmanship, sourcing, designing, and selling jewellery with a stated focus on building customer trust in a category where pricing opacity is a common industry concern.

Objects of the Issue

Nearly the entire fresh issue goes toward working capital to fund inventory scale-up — a straightforward growth-capital use of proceeds typical of a jewellery wholesaling business, where inventory value scales directly with both gold prices and order volumes.

Financial Performance

The growth here is sharp — revenue is up roughly 88% and PAT has grown more than 4x from FY24 to FY26, with FY26 alone showing profit growth (up ~158% YoY) well ahead of revenue growth (up ~38% YoY) — a pace of acceleration worth examining closely against gold price movements and order mix during the year, rather than assumed to be a steady, repeatable trend.

Peer Comparison

Deepa Jewellers' own P/E isn't disclosed as "N/A" in the offer document, but its RoNW of 56.45% is meaningfully higher than every listed peer shown here — worth weighing against the sharp FY26 earnings acceleration noted above before treating it as a clean like-for-like comparison.

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of the IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. GMP figures are unofficial and not exchange-published. IPO details are based on publicly available offer documents and may be subject to change. Please read the offer documents carefully and consult a SEBI-registered financial advisor before making any investment decisions.