Deepa Jewellers' initial public offering (IPO) closed with a subscription of 42 times, marking strong investor interest. The bidding ended on Thursday, and the company has now opened the allotment status check online. Investors can verify their allotment by logging into the BSE, NSE, or Bigshare websites, according to livemint.com.
The IPO subscription was driven by retail and institutional investors, resulting in a significant oversubscription. Market observers noted that the grey market premium (GMP) signals a potential 10% listing gain for Deepa Jewellers. The company’s allotment status is accessible through official stock exchange portals, enabling investors to confirm their share allocation promptly.
This IPO subscription level highlights robust demand in the Indian jewellery sector, reflecting investor confidence in Deepa Jewellers’ growth prospects. Compared to recent jewellery IPOs, a 42x subscription is notably high, indicating strong market appetite. The potential listing gain suggested by the GMP aligns with trends seen in other oversubscribed IPOs in the consumer goods segment.
Investors can check their Deepa Jewellers IPO allotment status starting today by entering their PAN number on the BSE, NSE, or Bigshare websites. The company’s shares are expected to list shortly, with market participants closely watching the debut price performance, as reported by livemint.com.