Maybank Securities Pte LtdCP Capital LtdNSEBSEDeepa Jewellers LtdCiti Group Global Markets MauritiusMotilal Oswal FinvestTata Mutual FundWhiteOak Capital Mutual FundLRSD SecuritiesNomura Singapore

Deepa Jewellers raises Rs 138 crore from anchor investors ahead of IPO; Rs 460-crore issue opens September 1

Deepa Jewellers Ltd has raised ₹138 crore from anchor investors, including Motilal Oswal Finvest and WhiteOak Capital Mutual Fund, ahead of its ₹460-crore IPO, which opens for subscription on September 1. The price band is set at ₹168-177 per share, with a closing date of September 3.

Rediff MoneyWiz Rediff MoneyWiz31 August 2026 · 23:25 UTC
CuriousCats Full Story

Deepa Jewellers Ltd has successfully raised ₹138 crore from anchor investors, including notable firms such as Motilal Oswal Finvest and WhiteOak Capital Mutual Fund, in preparation for its upcoming initial public offering (IPO).1

The company allotted 77.92 lakh equity shares at ₹177 each to these investors, as detailed in a circular on the BSE website.2

Other participants in this anchor round included Tata Mutual Fund, CP Capital Ltd, LRSD Securities, Maybank Securities Pte Ltd, Citi Group Global Markets Mauritius, and Nomura Singapore.4

The ₹460-crore public issue is set to open for subscription on September 1 and will close on September 3, with the price band established between ₹168-177 per share.3

The IPO consists of a fresh issue of equity shares worth up to ₹250 crore and an offer-for-sale (OFS) of over 1.18 crore shares.6

At the upper end of the price band, the total issue size is projected to be around ₹460 crore, with a post-issue implied market capitalization estimated at approximately ₹1,700 crore.

Funds raised from the fresh issuance will be directed towards long-term working capital requirements, including procurement, maintenance, and scaling up of inventory, as well as general corporate purposes.9

Key Insight
“The anchor round saw participation from Tata Mutual Fund, CP Capital Ltd, and Nomura Singapore, among others. The IPO, priced at Rs 168-177 per share, includes a fresh issue of Rs 250 crore and an OFS of over 1.18 crore shares, with proceeds earmarked for working capital.”
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Rediff MoneyWizRediff MoneyWiz
“Deepa Jewellers Ltd on Monday raised Rs 138 crore from anchor investors including Motilal Oswal Finvest and WhiteOak Capital Mutual Fund, ahead of its initial public offering (IPO).”
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EARLIER IN THE STORY:
Seven IPOs to open next week, three mainboard issues to raise ₹1,265 crore collectively; Purple Style Labs IPO opens on August 31
InshortsInshorts
Seven IPOs to open next week, three mainboard issues to raise ₹1,265 crore collectively; Purple Style Labs IPO opens on August 31

India's IPO market is set for a busy week, with seven new issues opening for subscription next week.

Ashutosh FibreAugust 31Deepa Jewellers
2026-08-30
TL;DR by CuriousCats.ai
  • Seven IPOs are set to open for subscription next week.
  • Three mainboard IPOs, Purple Style Labs, Deepa Jewellers and Rays of Belief, will together raise over ₹1,265 crore.
  • Purple Style Labs IPO opens on August 31.
  • Four SME IPOs from Phychem Technologies, Shanti Inorganics, Ashutosh Fibre and Farm Peace will also open.
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