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DEEPA JEWELLERS IPO

DEPARTING NOWNSE, BSE · MAINBOARD · GEMS, JEWELLERY AND WATCHES
INDICATIVE FARE / PRICE BAND
₹177
GMP +₹32 (+18.08%)
BAND & GMP INDICATIVE · GMP IS UNOFFICIAL MARKET CHATTER · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 02 SEPT 2026, 15:01 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹177
LOT SIZE
84 SHARES
ISSUE SIZE
₹459.72 CR
MIN INVESTMENT
₹14,868 · 84 SHARES
GMP · GREY MARKET
+₹32 (+18.08%)
RECORDED 02 SEPT 2026, 14:31 IST
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
RETAIL · MINIMUM · AS PUBLISHED184₹14,868
RETAIL · MAXIMUM · COMPUTED131,092₹1,93,284
SMALL HNI · MINIMUM · AS PUBLISHED141,176₹2,08,152
SMALL HNI · MAXIMUM · COMPUTED675,628₹9,96,156
BIG HNI · MINIMUM · AS PUBLISHED685,712₹10,11,024
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹177 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
01 SEPT 26
✓ STOP CLEARED
CLOSES
03 SEPT 26
NEXT STOP
ALLOTMENT
04 SEPT 26
SCHEDULED
LISTING
08 SEPT 26
SCHEDULED
ANCHOR BIDDING31 AUG 26REFUNDS INITIATED07 SEPT 26SHARES IN DEMAT07 SEPT 26ANCHOR LOCK-IN ENDS · 30 DAY04 OCT 26ANCHOR LOCK-IN ENDS · 90 DAY03 DEC 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION2.84×
QIB0.44×
NII3.37×
SMALL HNI4.96×
BIG HNI2.57×
RETAIL3.99×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE GREY MARKET · UNOFFICIAL

WHAT THE CHATTER IMPLIES.

INDICATIVE LISTING PRICE
₹209
UPPER BAND ₹177
GMP +₹32 (+18.08%)
RECORDED 02 SEPT 2026, 14:31 IST
This is a calculation, not a forecast or an investment recommendation. GMP is unofficial grey-market chatter — it is not a quote from any exchange, it changes through the day and it frequently does not match the eventual listing price.
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹2
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹250 CR
1,41,24,293 SHARES
OFFER FOR SALE
₹209.72 CR
1,18,48,340 SHARES
TOTAL SHARES OFFERED
2,59,72,633

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
77,91,789
SHARES
QIB
51,94,528
Not more than 50% of the Net Offer
NII (HNI)
38,95,895
Not less than 15% of the Net Offer
SNII
12,98,632
SHARES
BNII
25,97,263
SHARES
RETAIL
90,90,422
Not less than 35% of the Net Offer
2,59,72,634 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
4.95
RONW
56.45%
ROCE
52.08%
ROE
56.45%
PAT MARGIN
5.44%
EBITDA MARGIN
7.6%
NAV PER SHARE
₹29.03
DEBT / EQUITY
0.47
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS174.64217.67357.18
TOTAL INCOME1,025.731,400.11,927.73
PROFIT AFTER TAX24.3540.58104.79
EBITDA35.7756.01146.34
NET WORTH92.55133.21238.07
RESERVES AND SURPLUS88.45129.11221.67
TOTAL BORROWING77.9380.79111.11
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)P/BV RATIOFINANCIAL STATEMENTS
Deepa Jewellers Ltd. · THIS ISSUER12.7812.7829.0356.45Standalone
Sky Gold And Diamonds Ltd13.9713.9672.0257.5623.8811.15Consolidated
Shanti Gold International Ltd21.2221.228312.7237.343.24Consolidated
Shringar House Of Mangalsutra Ltd13.5513.5570.2917.0226.293.29Consolidated
Rbz Jewellers Ltd13.713.774.9610.0820.111.86Consolidated
Khazanchi Jewellers Ltd36.136.1129.1422.2232.456.22Consolidated
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

Notes: NAV is computed as the closing net worth (sum of equity share capital, other equity and non-controlling interest) divided by the closing outstanding number of equity shares as on March 31, 2026. For listed industry peers, the P/E Ratio has been computed based on the closing market price of equity shares on August 21, 2026, on www.bseindia.com divided by the Diluted EPS as on March 31, 2026.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the Company215
General corporate purposes
OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

Deepa Jewellers Ltd. is engaged in the retail and wholesale jewellery business, with a focus on gold and diamond jewellery. The company offers a mix of traditional and contemporary designs developed to cater to varied customer preferences and occasions. Its operations cover the sourcing, designing, and sale of jewellery products such as rings, necklaces, earrings, bangles, and customised ornaments. The company combines quality materials with skilled craftsmanship to create jewellery across different designs and weight categories. Deepa Jewellers places emphasis on product purity, transparent pricing, and customer confidence. Through its retail outlets and distribution network, the company serves customers while maintaining compliance with applicable regulatory requirements and adapting its offerings to changing jewellery trends. Product Portfolio: The company's offerings include Vaddanam (waist belt), CNC machine-cut bangles, gents kada, Vanky (armlet), Dandpatti (bajuband), Gundlamala Haaram (traditional neck piece), Gundlamala necklace, Kangan, earrings, Mangtika (forehead pendant), Maatil (ear chain), Champasaralu (ear-to-hair chain), Jada (braid ornament), and rings. As of November 30, 2025, the company had a portfolio comprising 14 product categories and 76 SKUs, covering a range of designs and jewellery types. Key Strengths: Established presence and brand recognition in the southern Indian jewellery market. Strong customer base supported by long-standing relationships with jewellery retail chains and standalone stores. Diversified product portfolio offering multiple designs and weight ranges, with specialised expertise in Vaddanam and CNC machine-cut bangles. Established sourcing and procurement network supported by long-standing relationships with skilled karigars and craftsmen. Experienced promoters and professional management team with strong knowledge of the jewellery industry.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Ashish Agarwal, Seema Agarwal, Dev Agarwal
HOLDING PRE-ISSUE
100%
HOLDING POST-ISSUE
72.98%
BOOK-RUNNING LEAD MANAGERS
2 APPOINTED
Emkay Global Financial Services Ltd., Valmiki Leela Capital Pvt.Ltd.
REGISTRAR TO THE ISSUE
NAME
Bigshare Services Pvt.Ltd.
PHONE
8657578989/8069219065/8069219060
THE COMPANY
PHONE
+ 91 76809 62117
REGISTERED OFFICE
Ground floor and first floor, door no. 3- 6-343 & 344, Basheerbagh, Himayathnagar, Hyderabad, Telangana, 500029
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Deepa Jewellers IPO price band?+

The indicative price band is ₹177 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Deepa Jewellers IPO?+

One lot is 84 shares. At the upper band of ₹177, one lot works out to ₹14,868.

How many lots can a retail investor apply for in the Deepa Jewellers IPO?+

A retail application runs from 1 lot (84 shares, ₹14,868) up to 13 lots (1,092 shares, ₹1,93,284) — the most that fits under SEBI's ₹2 lakh retail ceiling.

What is the minimum HNI application in the Deepa Jewellers IPO?+

A small-HNI (sHNI) application starts at 14 lots — 1,176 shares, ₹2,08,152. A big-HNI (bHNI) application starts at 68 lots — 5,712 shares, ₹10,11,024, above the ₹10 lakh boundary.

When does the Deepa Jewellers IPO open and close?+

The issue opened on 01 Sept 2026 and closed on 03 Sept 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Deepa Jewellers IPO allotment?+

Allotment is scheduled for 04 Sept 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When does Deepa Jewellers list?+

Listing is scheduled for 08 Sept 2026 on NSE, BSE.

Where will Deepa Jewellers be listed?+

Deepa Jewellers is proposed for listing on NSE, BSE. It is a mainboard issue.

How large is the Deepa Jewellers IPO?+

The issue size is ₹459.72 Cr — a fresh issue of ₹250 cr and an offer for sale of ₹209.72 cr. Figures are indicative and subject to the RHP.

What is the difference between the fresh issue and the offer for sale in the Deepa Jewellers IPO?+

Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.

What is the grey market premium (GMP) for the Deepa Jewellers IPO?+

The last GMP we recorded is +₹32 (+18.08%), as at 02 SEPT 2026, 14:31 IST. GMP is unofficial grey-market chatter. It is not a quote from any exchange, it is not a price anyone is obliged to honour, it moves through the day and it often does not match the eventual listing price. We publish it as information only.

What listing price does the GMP imply for Deepa Jewellers?+

Adding the last recorded GMP to the upper band gives ₹209. That is a calculation, not a forecast or an investment recommendation, and it is built on an unofficial grey-market figure.

How was the Deepa Jewellers IPO subscribed?+

The issue was subscribed 2.84× overall. By category: qib 0.44×, nii 3.37×, small hni 4.96×, big hni 2.57×, retail 3.99×. Subscription figures are as reported by the exchanges.

Who is the registrar for the Deepa Jewellers IPO?+

The registrar to the issue is Bigshare Services Pvt.Ltd. (8657578989/8069219065/8069219060), ipo@bigshareonline.com.

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Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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