{
  "id": 6240152,
  "title": "Deepa Jewellers surges 25% on debut; Rays of Belief lists flat",
  "url": "https://urgent.news/2026/09/08/deepa-jewellers-surges-25-on-debut-rays-of-belief-lists-flat",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T04:55:18.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/deepa-jewellers-surges-25-on-debut-rays-of-belief-lists-flat/article71441286.ece"
  },
  "original_language": "en",
  "account": "Deepa Jewellers shares surged 25 per cent on their debut, trading at ₹221 on the NSE and ₹221.05 on the BSE, above their IPO price of ₹177 per share. However, the stock later fell to ₹201.70. In contrast, Rays of Belief's IPO listing was flat at ₹239 on both the NSE and BSE, matching its IPO price. The ₹460-crore Deepa Jewellers IPO saw a near 43-fold subscription, with institutional buyers subscribing 37 times, retail investors 18.55 times, and non-institutional investors 105.96 times. The ₹50-crore Rays of Belief IPO experienced a 108-fold subscription, with non-institutional investors subscribing 279.11 times and retail investors 195.87 times. Proceeds from both IPOs will be used for corporate purposes, including inventory procurement, scaling up, and expansion.",
  "summary": "Deepa Jewellers shares opened at ₹221 against an IPO price of ₹177, while Rays of Belief debuted at ₹239, in line with its issue price.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Rays of Belief shares make flat market debut, list at IPO price of Rs 239",
        "url": "https://urgent.news/2026/09/08/rays-of-belief-shares-make-flat-market-debut-list-at-ipo-price-of-rs",
        "published": "2026-09-08T02:23:42.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Rays of Belief shares make muted market debut, list at par with issue price",
        "url": "https://urgent.news/2026/09/08/rays-of-belief-shares-make-muted-market-debut-list-at-par-with-issue",
        "published": "2026-09-08T06:15:49.000Z"
      }
    ]
  },
  "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."
}