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The Economic Times
The Economic Times
Business
Ritesh Presswala

Deepa Jewellers IPO opens for bidding, GMP at 31%: Should you apply or avoid?

The Deepa Jewellers IPO has opened for subscription today, September 1, giving investors a three-day window to place their bids. The company has set the IPO price band at Rs 168-177 per equity share and aims to raise a total of Rs 459.72 crore through a combination of a fresh issue and an offer for sale (OFS). The subscription window will remain open until September 3.

The issue is commanding a 31% premium in the grey market, signalling upbeat investor sentiment and expectations of a strong listing gain.

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