- Subscription Update: Deepa Jewellers IPO has been subscribed 3.69 times so far across categories.
- Grey Market Premium: Shares command a GMP of ₹28, indicating an estimated listing premium of 15.82%.
- Key Metrics: The ₹459.72-crore public issue is open in the price band of ₹168 to ₹177 per share.
The initial public offering (IPO) of Deepa Jewellers has witnessed strong demand from market participants, clocking an overall subscription of 3.69 times. The ₹459.72-crore issue, which opened with a price band set at ₹168 to ₹177 per share, is seeing significant interest from retail investors and High Net-Worth Individuals (HNIs) eager to tap into the expanding organized jewellery sector.
In the grey market, sentiment remains buoyant. Unlisted shares of Deepa Jewellers are currently commanding a Grey Market Premium (GMP) of ₹28 per share. Based on the upper price band of ₹177, this indicates an estimated listing price of ₹205, translating into a potential gain of 15.82% on debut.
Market analysts recommend tracking Qualified Institutional Buyer (QIB) participation closely through the final bidding hours. With steady operational margins, a robust regional presence, and reasonable valuation within the ₹168 to ₹177 band, the IPO remains well-positioned for healthy listing-day performance.