{
  "id": 3677134,
  "title": "Deepa Jewellers IPO: ₹460-cr issue to open on September 1, price band fixed at ₹168-177",
  "url": "https://urgent.news/2026/08/27/deepa-jewellers-ipo-460-cr-issue-to-open-on-september-1-price-band",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T05:13:21.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/deepa-jewellers-ipo-460-cr-issue-to-open-on-september-1-price-band-fixed-at-168-177/article71395030.ece"
  },
  "original_language": "en",
  "account": "Deepa Jewellers Ltd has announced the pricing for its upcoming Initial Public Offering (IPO) with a range of ₹168-177 per share. The company plans to raise ₹460 crore through this IPO, which will be available for subscription from September 1 to September 3. Anchor investors will have the opportunity to bid for shares on August 31. The IPO consists of a fresh issue of equity shares worth up to ₹250 crore and an offer for sale of over 1.18 crore shares. At the higher end of the price band, the total issue size could reach ₹460 crore, resulting in a post-IPO market capitalisation of around ₹1,700 crore. The proceeds will primarily be used to fund the company's long-term working capital needs, inventory procurement and expansion, as well as general corporate purposes. Established in 2016, Deepa Jewellers is a B2B designer, processor, and supplier of hallmarked gold jewellery, operating mainly in the southern states of India. The company employs an outsourced manufacturing model, supported by a network of skilled artisans. In terms of investor participation, 50% of the offer is reserved for Qualified Institutional Buyers (QIBs), 15% for non-institutional investors, and 35% for retail investors. The shares are expected to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 8. The book-running lead managers for this issue are Emkay Global Financial Services and Valmiki Leela Capital, while Bigshare Services acts as the registrar to the issue.",
  "summary": "IPO comprises a fresh issue of equity shares aggregating up to ₹250 crore and an offer for sale of over 1.18 crore equity shares",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}