Deepa Jewellers Shares Set for Market Debut Today
· Business · Economic Times, LiveMint
Shares of Deepa Jewellers will list on the BSE and NSE on Tuesday following an initial public offering that raised Rs 459.72 crore. The issue was priced at Rs 177 per share and saw an overall subscription of 42.61 times. Grey market sentiment currently points to a 14% premium over the issue price, suggesting a positive opening for investors. The company plans to use the proceeds to boost working capital and expand its inventory. The IPO valuation, based on FY26 earnings, is lower than the industry peer average of 23.92 times.
Why it matters
The listing provides investors with a new entry in the jewellery retail sector, with current market sentiment indicating potential gains for those who participated in the IPO.
Read the original report — Economic Times
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