Summary:
Deepa Jewellers IPO closed on September 3, 2026, with an overall subscription of 42.35 times, driven by strong NII and QIB participation on the final day. NII subscription reached 105.78 times, while QIBs and retail investors subscribed 37 times and 18.11 times, respectively. Investors can check allotment status after finalisation on September 4, with shares scheduled to list on September 8, 2026.
Deepa Jewellers, the southern India-focused B2B gold jewellery designer and supplier, closed its final day of bidding on September 3, 2026, for its ₹459.72 crore mainboard IPO. The issue wrapped up with strong overall demand of 42.35 times, driven by a sharp final-day surge across all categories.
IPO Details
| Detail | Information |
| Issue Size | ₹459.72 crore (fresh issue ₹250 crore + OFS ₹209.72 crore) |
| Price Band | ₹168-₹177 per share |
| Lot Size | 84 shares |
| Minimum Investment (Retail) | ₹14,868 |
| Face Value | ₹2 per share |
| IPO Open Date | September 1, 2026 |
| IPO Close Date | September 3, 2026 |
| Registrar | Bigshare Services Pvt Ltd |
| Book-Running Lead Managers | Emkay Global Financial Services, Valmiki Leela Capital |
Category-wise Breakdown on Day 3 (Final)
| Category | Shares Offered/Reserved | Shares Bid For | Subscription (x) |
| Qualified Institutional Buyers (QIBs) | 51,55,438 | 19,07,76,852 | 37.00 |
| Non Institutional Investors | 40,09,394 | 42,41,28,600 | 105.78 |
| NII (bids above ₹10 lakh) | 26,72,930 | 33,12,95,244 | 123.94 |
| NII (bids ₹2-10 lakh) | 13,36,464 | 9,28,33,356 | 69.46 |
| Retail Individual Investors (RIIs) | 93,55,253 | 16,94,12,460 | 18.11 |
| Total | 1,85,20,085 | 78,43,17,912 | 42.35 |
Data as of 03-Sep-2026, 4:39 PM IST, sourced from NSE Consolidated Bid Details (nseindia.com).
Deepa Jewellers IPO - Final Subscription Status
As of the close of bidding on September 3, 2026, the issue received bids for 78,43,17,912 shares against 1,85,20,085 shares on offer, taking overall subscription to 42.35 times. Non-Institutional Investors led all categories at 105.78 times, followed by Qualified Institutional Buyers at 37.00 times, and Retail Individual Investors at 18.11 times.
What the Final Day Numbers Indicate
The dramatic jump in NII subscription, from 1.78 times on Day 2 to nearly 106 times by close, reflects the classic mainboard pattern where HNI investors place the bulk of their bids only in the final hours after gauging retail sentiment through the earlier sessions. Within the NII category, the above-₹10-lakh bracket (123.94x) significantly outpaced the ₹2-10 lakh bracket (69.46x), pointing to particularly aggressive last-day participation from larger applicants. QIB subscription surging from near-zero to 37 times by close is consistent with institutional investors typically committing the bulk of their bids only after gauging retail and NII sentiment, while retail subscription at 18.11 times, though more modest by comparison, still reflects strong individual investor interest in a company with sharp FY26 revenue and profit growth across South India's B2B jewellery ecosystem.
Deepa Jewellers IPO - Timetable
| Event | Date |
| IPO Open Date | September 1, 2026 |
| IPO Close Date | September 3, 2026 |
| Allotment Finalisation | September 4, 2026 |
| Listing Date | September 8, 2026 |
| Listing Exchanges | BSE, NSE |
Should You Apply for Deepa Jewellers IPO?
Founded in 2016, Deepa Jewellers is a B2B designer, processor, and supplier of hallmarked gold jewellery with a strong presence across southern India, supplying to retail chains and standalone jewellery stores while also undertaking job work and trading of jewellery-related products. Revenue grew 37.9% year-on-year to ₹1,926.7 crore in FY26, with net profit rising sharply by 158.2% to ₹104.8 crore over the same period.
Investors considering the issue should weigh the company's strong revenue and profit growth, and its established B2B relationships across South India's jewellery retail ecosystem, against sector-specific risks such as gold price volatility, customer concentration among a wholesale-focused client base, and thin margins typical of B2B jewellery trading. As with any IPO, the decision should be based on individual risk appetite, investment horizon, and a review of the RHP rather than subscription numbers alone.
How to Apply for Deepa Jewellers IPO
Bidding has now closed for the Deepa Jewellers IPO. Investors who applied during the window from September 1 to September 3, 2026, can check their allotment status once the basis of allotment is finalised on September 4, 2026.
How to Check Deepa Jewellers IPO Subscription Status
How to check Deepa Jewellers IPO Subscription Status on NSE website
- Visit the NSE IPO issue information page (nseindia.com).
- Search for "Deepa Jewellers" or enter the symbol DEEPA.
- Select "Consolidated Bid Details" from the dropdown to view category-wise subscription data.
How to check Deepa Jewellers IPO Subscription Status on BSE website
- Visit the BSE IPO page (bseindia.com).
- Navigate to the "Active IPO" or "IPO Bidding" section.
- Select "Deepa Jewellers Limited" from the list of issues.
- View category-wise and overall subscription figures for the full bidding window.
How to check Deepa Jewellers IPO Subscription Status on Ventura?
Ventura clients can track subscription status for the Deepa Jewellers IPO within the IPO section of the Ventura app or web platform, alongside category-wise bid data and upcoming allotment updates.
IPO Subscription History
Previous Day Subscription
Subscription built up steadily on Day 2, reaching 1.23 times overall on the back of solid NII and retail demand, before an explosive final-day surge pushed NII subscription past 105 times and QIB subscription past 37 times.
Conclusion
Deepa Jewellers' IPO closed on a strong note, with overall subscription reaching 42.35 times on the back of an overwhelming NII and QIB response in the final session. With allotment due on September 4 and listing scheduled for September 8, 2026, investors who applied will need to check their allotment status closer to those dates through the registrar, exchange websites, or their broking platform.
