Deepa Jewellers has set the price band for its initial public offering (IPO) between ₹168 and ₹177 per share, with the subscription window scheduled from September 1 to September 3. The company will allocate shares to anchor investors on August 31, ahead of the public subscription period, according to livemint.com.
The IPO includes reserved shares for retail investors, qualified institutional buyers (QIBs), and non-institutional investors (NIIs). The allocation to anchor investors is designed to provide early support and build confidence ahead of the broader subscription. The company’s move to finalize the price band and allotment dates follows regulatory approvals and market preparations detailed on its official website.
Setting the price band is a critical step in the IPO process, helping investors gauge the valuation and decide on their participation. Deepa Jewellers’ IPO comes amid a busy period for the Indian capital markets, with several consumer-focused companies tapping public investors. The price range reflects market conditions and investor appetite for retail sector stocks, aligning with comparable IPOs in the jewellery and luxury goods segment.
The IPO subscription window opens on September 1 and closes on September 3, with anchor investor allocations completed on August 31. Investors can refer to the company’s official filings and the stock exchanges for detailed issue documents and allotment updates.