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Deepa Jewellers sets ₹168–177 IPO band for ₹460 crore issue

Deepa Jewellers will launch a ₹460 crore IPO at ₹168-177 per share. Fresh-issue proceeds will fund working capital and inventory expansion for its B2B hallmarked gold jewellery operations across five southern Indian states.

Newer report supersedes this story , : Shares listed at ₹221.05 on BSE and ₹221 on NSE, about 25% above ₹177.

Reported figures

From the report. Source details below

  • Over 1.18 crore equity shares offer for sale
  • ₹1,700 crore implied post-issue market capitalisation
  • 15% non-institutional investor allocation
  • 35% retail investor allocation

Other figures

  • ₹250 crore fresh issue
  • 50% QIB allocation

The source

Source Read the source at The Hindu BusinessLine

Published

Confirmed by Outlook Business, Business Today

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