Deepa Jewellers IPO
MainboardDeepa Jewellers is a jewellery retailer engaged in the design, manufacturing, and sale of gold, diamond, and precious stone jewellery.
Verdict: Neutral
Est. GMP
+₹24 (+14%)
Price range
₹177
Lot size
—
Issue size
—
Allotment
04 Sept
Listing
08 Sept
Review
1. Grey market premium
★★★★★The GMP at ~13.5% indicates moderate listing demand without strong speculative hype.
2. Company financials
★★★★★Revenue growth remains steady, though profitability is constrained by high inventory holding costs and thin retail jewellery margins.
3. Subscription status
★★★★★Bidding demand remained balanced across retail and institutional categories.
4. Anchor investors
★★★★★Anchor allocation was adequately subscribed with standard domestic institutional participation.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | EBITDA | PAT | Assets |
|---|---|---|---|---|---|
| FY23 | — | — | — | — | — |
| FY24 | — | — | — | — | — |
| FY25 | — | — | — | — | — |
Subscription
Anchor investors
Anchor book details pending.
Anchor allocation details are not publicly available.
Risks
- CyclicalVulnerability to fluctuations in raw gold and precious metal prices affects gross margins.
- FinancialHigh working capital requirements to maintain extensive showroom inventory.
- OtherIntense competition from both organized national jewellery chains and unorganized regional players.