Deepa Jewellers IPO Subscription Update: Issue Subscribed 42.61% on Day 3
Information Subscription
The Lumino Industries IPO saw strong demand on its final day, with investors bidding for 78,91,06,332 shares against 1,85,20,085 shares offered, resulting in an overall subscription of 42.61x times.
The NII category recorded the highest demand at 105.96x, with bids for around 42,48,23,532 crore shares against 40,09,394 crore shares reserved. The retail portion was subscribed 18.55x receiving bids for approximately 17,35,05,948 crore shares against 93,55,253 crore shares offered.
The QIB portion stood at 37.00x at the time of the latest update.
| Sr. No. | Category | No. of Times of Total Meant for the Category |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 37.00x |
| 2 | Non-Institutional Investors | 105.96x |
| 3 | Retail Individual Investors (RIIs) | 18.55x |
| - | Total | 42.61x |
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 | 14,54,86,992 |
| 177 | 78,91,67,904 |
| 176 | 78,92,14,104 |
| 175 | 78,92,71,560 |
| 174 | 78,92,85,168 |
| 173 | 78,93,08,436 |
| 172 | 78,93,31,452 |
| 171 | 78,93,42,540 |
| 170 | 78,93,97,308 |
| 169 | 78,94,09,236 |
| 168 | 78,95,74,464 |
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)