Deepa Jewellers’ initial public offering opens for subscription on September 1, with the company’s price band set at ₹168–₹177 per share. The IPO is sized at about ₹460 crore and includes a fresh issue of equity shares worth up to ₹250 crore, alongside an offer for sale (OFS) of more than 1.18 crore shares. Across reports, investors follow the bidding progress and expected listing outcomes, including grey-market indications.
The issue attracts strong demand as the bidding period progresses. NDTV and Business Line report that the IPO is subscribed nearly 43 times on the final day, with demand coming from institutional and non-institutional categories. The Hindu and other outlets confirm the fixed price band and issue structure, while NDTV also cites current grey market premium expectations ahead of the trading debut.
On its market debut, multiple reports say Deepa Jewellers lists at a premium of around 25% over the issue price. Free Press Journal reports an opening price of about ₹221 on both BSE and NSE, translating to roughly a 25% gain from the offer price.
