Deepa Jewellers sets IPO price band at ₹168-177 per share
Deepa Jewellers has announced its IPO price band at ₹168-177 per share, with the subscription window opening in early September. The company intends to use the funds to scale inventory and support working capital requirements.
Why it matters
This provides essential financial data for potential investors interested in the Indian retail and jewelry market.
Hyderabad-based Deepa Jewellers has set the price band for its initial public offering (IPO) at ₹168-177 per equity share, with the issue set to open on September 1 and close on September 3. The equity shares have a face value of ₹2 each.
The IPO comprises a fresh issue of up to ₹250 crore and an offer-for-sale (OFS) of up to 1.18 crore equity shares by promoter selling shareholders.
The minimum bid lot has been fixed at 84 equity shares. At the upper end of the price band, investors will need to commit ₹14,868 for one lot.
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