Deepa Jewellers IPO Day 3 Final Subscription Status: 43.37x Subscribed; GMP at ₹27
Deepa Jewellers IPO Day 3 final subscription status closed at 43.37 times overall on 3 September 2026, with Non-Institutional Investors (NIIs) leading at 109.02 times. Qualified Institutional Buyers (QIBs) reached 36.73 times, while retail demand finished at 19.03 times. The latest Grey Market Premium (GMP) was around ₹27 per share, down from the previous available ₹44 reading. The ₹459.72 crore issue is now closed, with listing expected on 8 September 2026.
| Metric | Final update |
| Bidding day | Day 3 final |
| Data status | Final after bidding closed on 3 September 2026 |
| Overall subscription | 43.37x |
| QIB subscription | 36.73x |
| NII subscription | 109.02x |
| Retail subscription | 19.03x |
| Current GMP | Around ₹27 |
| GMP percentage | About 15.3% |
| Indicative price | Around ₹204 |
| Closing date | 3 September 2026 |
Deepa Jewellers IPO Day 3 Final Subscription Status
Deepa Jewellers’ Day 3 final subscription was led decisively by the NII category. NIIs bid for 109.02 times the shares reserved for them, making this the most subscribed broad investor segment.
QIB demand also accelerated sharply on the closing day to 36.73 times, while Retail Individual Investors (RIIs) finished at 19.03 times.
| Investor category | Day 3 final subscription |
| Qualified Institutional Buyers, excluding anchors | 36.73x |
| Non-Institutional Investors | 109.02x |
| NII applications above ₹10 lakh | 127.56x |
| NII applications below ₹10 lakh | 71.96x |
| Retail Individual Investors | 19.03x |
| Overall | 43.37x |
The final figures indicate demand across all three major categories, although the overall response was clearly concentrated most heavily in the NII segment. Subscription multiples represent bid quantity relative to shares reserved. They do not represent the number of unique investors applying.
Final Day-wise Subscription Trend
Deepa Jewellers IPO moved from below full subscription on Day 1 to 3.69 times at the Day 2 close before seeing a substantial increase on the final day.
| Bidding stage | Overall subscription | Leading category |
| Day 1 close | 0.88x | Retail, 1.42x |
| Day 2 close | 3.69x | NII, 5.27x |
| Day 3 final | 43.37x | NII, 109.02x |
The Day 3 final subscription was therefore nearly 12 times the Day 2 closing multiple. The strongest acceleration came from NIIs, which rose from 5.27 times on Day 2 to 109.02 times at the final close.
QIB participation also changed materially, increasing from 0.45 times at the Day 2 close to 36.73 times finally. This made the final demand much broader than the first two bidding days, even though NIIs remained the dominant category.
Deepa Jewellers IPO GMP Today and Estimated Listing Price
The latest available Deepa Jewellers IPO GMP was around ₹27 per share on 3 September 2026. Another tracked reading was close at ₹28, so the unofficial market indication was broadly in the ₹27-₹28 range.
Using ₹27 and the upper IPO price band of ₹177:
Indicative price = ₹177 + ₹27 = ₹204 per share
GMP percentage = ₹27 ÷ ₹177 × 100 = about 15.3%
| GMP observation | GMP | Movement |
| Current, 3 September 2026 | Around ₹27 | Down |
| Previous available reading | Around ₹44 | ₹17 lower |
The GMP has therefore weakened even as final subscription demand increased sharply. This divergence matters because subscription and GMP measure different things.
Grey Market Premium is unofficial, unregulated, and can change quickly before listing. It does not guarantee the actual listing price or any gain for allotted investors.
What Stands Out in Today’s Bidding
The clearest signal is the sharp closing-day acceleration. Overall demand increased from 3.69 times after Day 2 to 43.37 times in the Day 3 final subscription, supported by substantially higher QIB and NII participation.
The second signal is the contrast between bidding and GMP. While the final subscription rose sharply, the latest GMP declined from around ₹44 to roughly ₹27.
There are two important limitations. First, the 109.02-times NII multiple reflects bids relative to a smaller reserved portion and should not be read as 109 times as many individual investors. Second, high subscription does not establish fair valuation, business quality, or future share-price performance.
IPO Details Retail Investors Need
| IPO detail | Information |
| Price band | ₹168 to ₹177 per share |
| Lot size | 84 shares |
| Minimum retail investment | ₹14,868 |
| Total issue size | ₹459.72 crore |
| Fresh issue | ₹250 crore |
| Offer for Sale (OFS) | ₹209.72 crore |
| Issue type | Book-built mainboard IPO |
| Closing date | 3 September 2026 |
| Expected listing date | 8 September 2026 |
| Exchange | BSE and NSE |
The fresh issue comprises up to ₹250 crore, while the ₹209.72 crore OFS proceeds go to the selling shareholders rather than the company.
Brief Company and Financial Context
Deepa Jewellers is a business-to-business designer, processor, and supplier of hallmarked gold jewellery, serving retail chains and standalone jewellery stores, mainly across Southern India. Its products include vaddanam, CNC machine-cut bangles, necklaces, earrings, and other jewellery.
Revenue from operations increased to ₹1,926.68 crore in FY2026 from ₹1,397.01 crore in FY2025, while profit after tax rose to ₹104.79 crore from ₹40.58 crore. The company plans to use about ₹215 crore from the fresh issue for long-term working-capital needs, primarily inventory. Working-capital intensity and exposure to gold-price movements remain material considerations.
What Happens Next
With bidding now closed, Deepa Jewellers’ basis of allotment is expected to be finalised on 4 September 2026. Refund or fund-unblocking initiation and share credit are scheduled for 7 September 2026, followed by the expected BSE and NSE listing on 8 September 2026.
Frequently Asked Questions (FAQs)
Q: What is the Deepa Jewellers IPO Day 3 final subscription?
A: Deepa Jewellers IPO’s Day 3 final subscription closed at 43.37 times overall. NIIs led at 109.02 times, QIBs were subscribed 36.73 times, and the retail category finished at 19.03 times.
Q: Which category led Deepa Jewellers IPO final subscription?
A: Non-Institutional Investors recorded the highest final subscription at 109.02 times. Within the NII category, applications above ₹10 lakh were subscribed 127.56 times, while the smaller NII portion was subscribed 71.96 times.
Q: What is the Deepa Jewellers IPO GMP today?
A: The latest available Deepa Jewellers IPO GMP was around ₹27 per share on 3 September 2026, with another tracker indicating about ₹28. GMP is unofficial and can change before the stock lists.
Q: What listing price does a ₹27 GMP indicate for Deepa Jewellers?
A: At the upper issue price of ₹177 and a ₹27 GMP, the indicative price is approximately ₹204 per share, equivalent to a premium of about 15.3%. This is only an unofficial grey-market calculation.
Q: Does Deepa Jewellers’ 43.37x final subscription guarantee a premium listing?
A: No. A 43.37-times subscription shows strong bidding relative to shares available, but it does not guarantee a premium listing. GMP has also declined despite the rise in final demand, showing why neither indicator should be treated as a certainty.
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Lemonn (Formerly known as NU Investors Technologies Pvt. Ltd) do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
