Deepa Jewellers IPO Subscription Update: Issue Subscribed 87% on Day 1
Deepa Jewellers Subscription Information
On the first day, Deepa Jewellers received bids for 1,59,85,200 shares against 1,85,20,085 shares available for subscription, according to NSE data. The Retail Individual Investor (RII) category received bids for 1,28,68,128 shares, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) category received bids for 25,38,228 shares and 5,78,844 shares, respectively, at the time of the update.
Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| Sr. No. | Category | No. of Times Subscribed |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 0.11x |
| 2 | Non-Institutional Investors (NIIs) | 0.63x |
| 3 | Retail Individual Investors (RIIs) | 1.38x |
| - | Total | 0.87x |
Overview & Purpose
Deepa Jewellers Limited is launching a Rs.459.72 crore mainboard IPO, comprising a fresh issue of up to Rs.250 crore and an Offer for Sale (OFS) of up to 1.18 crore equity shares. The OFS involves the sale of shares by promoter shareholders Ashish Agarwal and Seema Agarwal.
The company plans to use the proceeds from the fresh issue primarily to meet its long-term working capital requirements, particularly for procuring, maintaining and expanding its jewellery inventory. The remaining funds will be used for general corporate purposes and issue-related expenses.
Cut-off Data for Deepa Jewellers IPO
| Price | Cumulative Quantity |
|---|---|
| Cut-off | 1,13,42,100 |
| 177 | 1,60,05,360 |
| 176 | 1,60,07,964 |
| 175 | 1,60,11,408 |
| 174 | 1,60,11,828 |
| 173 | 1,60,14,516 |
| 172 | 1,60,16,280 |
| 171 | 1,60,17,456 |
| 170 | 1,60,23,840 |
| 169 | 1,60,26,192 |
| 168 | 1,60,40,808 |
Source: NSE
Disclaimer: This content is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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