Positive impactIPO
Deepa Jewellers IPO Day 2: GMP at 25%, subscription near 90% — Should you subscribe?
Economic Times 1 hr ago·2 Sept 2026, 3:51 am
Deepa Jewellers is currently in the second day of its initial public offering (IPO) subscription. The issue has received significant interest, with the issue subscribed 87% on the first day. This indicates strong demand from investors for the company's shares.
The IPO is priced in the range of Rs 168–177 per share and aims to raise Rs 459.72 crore. The company is projecting robust growth for the financial year 2026, with a reported increase in profit of 158%. This strong financial performance, combined with the company's expansion plans and the overall positive outlook for the jewellery market, has led analysts to view the valuation as attractive.
Investors should monitor the subscription progress over the remaining days to gauge the final response. The grey market premium (GMP) of 25% suggests a bullish sentiment, but investors must carefully evaluate the company's fundamentals before making a decision.
Key takeaways
- Category: IPO.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
