Strong Start! Deepa Jewellers Shares List at 25% Premium over IPO Price
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Deepa Jewellers listing on NSE, BSE: Shares make decent debut, list at 25% premium over IPO price
Rays of Belief IPO, carrying a price band of Rs 227-239 per share, comprises a fresh issue of up to 52.30 lakh equity shares worth Rs 125 crore at the upper end of the price band.
Strong Start! Deepa Jewellers shares list at 25% premium over IPO price
Deepa Jewellers made an impressive debut on Dalal Street, launching with a 25% premium after its shares were priced at Rs 177 each. The public offering attracted overwhelming interest, evident by a staggering 42.61 times subscription. With plans to bolster working capital and inventory, Deepa Jewellers also reported a notable financial performance marked by rising income and profitability in FY26.
Deepa Jewellers shares to debut today; GMP signals 14% listing gain
Deepa Jewellers will make its stock market debut on Tuesday, amidst an impressive grey market premium of fourteen percent. This signals a potentially favorable listing above the issue price. The company's robust financial results highlight increased revenues and profitability. The funds raised will be directed towards enhancing working capital and expanding inventory capacity.
Deepa Jewellers IPO listing date tomorrow: GMP at ₹23.5; check subscription, allotment
Deepa Jewellers IPO shares are set to list on 8 September after strong subscription rates from various investor segments. The IPO's grey market premium suggests a promising debut, with an expected listing price of ₹200.5—about 13.28% above the upper IPO price of ₹177.
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