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August witnessed an impressive spike in IPO activity, as ten offerings saw oversubscriptions of more than a hundred times. Leading the charge was Hy-Tech Engineers, garnering bids amounting to over two hundred forty-four times its share allocation. This enthusiastic investor response not only shattered previous monthly records but also positioned 2026 as a standout year for IPOs, matching the fervor last recorded in 2024. View More
Mumbai: August turned out to be a blockbuster month for IPO subscriptions , with 10 of the 23 issues receiving bids for more than 100 times the shares on offer, the highest such tally in a single month since 2006, as per BSE and NSE data. Hy-Tech Engineers topped the charts with bids for 244.41 times the shares on offer, followed by Tempsens Instruments India at 183.53 times and ESDS Software Solutions at 135.88 times. ET Bureau Ardee Industries , Lumino Industries, Augmont Enterprises , Behari Lal Engineering , Sunshine Pictures , Shiprocket and Priority Jewels were the other IPOs subscribed more than 100 times during the month. The subscription frenzy surpassed previous monthly highs by a wide margin. September 2024 had seven IPOs subscribed more than 100 times, while January 2025 had five. Read more: Global Market: Data centre boom fuels demand for power, cooling equipment suppliers The August rush has taken the number of IPOs subscribed more than 100 times so far in 2026 to 15, already the third-highest annual tally. July saw 3 issues cross the 100-times subscription mark, while June saw two. Bharat Coking Coal was the only IPO to achieve the feat in January. Such strong subscription appetite was last seen in 2024, when 23 of the 91 IPOs launched were subscribed more than 100 times. In 2021, 17 of 63 issues crossed the mark, while 15 of the 103 IPOs launched in 2025, a record year for IPO fundraising, received bids exceeding 100 times the shares on offer. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Wayne Wood, 64, who last won a cabbage in a 1977 meat draw, has struck it big with a £4 million Georgian mansion in Bath. He and wife Catherine also won £250,000 cash, a mortgage-free property, covered legal costs and £140,000 worth of furnishings through Omaze, turning his decades-old cabbage joke into reality. View More
The Executive Centre has launched a cutting-edge coworking space in Gurugram, aligning with its strategic vision for growth and commitment to vibrant business ecosystems. This location caters to international companies in search of innovative workplace solutions and flexible arrangements. As managed offices and coworking soar in popularity, this trend emphasizes the increasing demand for adaptable work environments by occupiers. View More
Workspace solutions provider The Executive Centre (TEC) India has opened its new coworking facility, spanning 94,100 sq ft and over 1,000 desks, in Gurugram as part of its expansion plan . In a statement on Tuesday, the company said it has launched a new centre at DLF 's commercial project 'Atrium Place'. Paul Salnikoff, Managing Director and Chief Executive Officer, The Executive Centre, said, "Gurugram continues to be one of India's most dynamic business destinations, attracting global enterprises that expect more from their workplaces than ever before." Hong Kong-based TEC provides flexible managed workspaces . It has over 260 centres in 38 cities and 15 markets, including India. In January, TEC India secured capital market regulator Sebi's approval to raise Rs 2,600 crore through an initial public offering (IPO). Live Events According to real estate consultant Vestian, office leasing stood at a record 23.9 million sq ft in the June quarter across seven major cities, an increase of 27 per cent year-on-year. "Managed offices, coworking, flexible spaces remained the second-largest occupier category with a 22 per cent share, reflecting occupiers' growing preference for agile workplace solutions," Vestian added. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
ARCIL will open its IPO for subscription on September 9, with the issue closing on September 11. The IPO will be entirely an offer for sale of 5.27 crore shares, with the price band yet to be announced. India’s first ARC reported 26% growth in total income and 15% growth in profit after tax in FY26. View More
Asset Reconstruction Company (India) Ltd, popularly known as ARCIL, will open its IPO for subscription on September 9, with the issue set to close on September 11. The IPO will be a book-built issue and will be listed on both BSE and NSE. The tentative listing date has been fixed as September 17, while the basis of allotment is expected to be finalised on September 15. Refunds and the credit of shares to demat accounts are likely on September 16. The issue will be entirely an offer for sale of 5.27 crore shares of face value Rs 10 each. Since the IPO is a 100% OFS, the company will not receive any proceeds from the issue. The money raised will go to the selling shareholders. Price band yet to be announced The price band and total issue size in rupee terms have not been declared yet. The company’s pre-issue and post-issue shareholding will remain unchanged at 32,48,97,140 shares, as there is no fresh issue component. As per the reservation details, not more than 50% of the offer will be available for qualified institutional buyers, not less than 35% for retail investors and not less than 15% for non-institutional investors. Live Events About ARCIL Incorporated in February 2002, ARCIL is an asset reconstruction company that buys stressed assets from banks and financial institutions and works on recovery and resolution. The company received its certificate of registration from the Reserve Bank of India in August 2003 and is recognised as India’s first ARC. ARCIL operates across three business verticals: corporate loans, SME and other loans, and retail loans. It acquires stressed secured and unsecured assets, either as single-credit exposures or portfolios, and uses resolution, restructuring, enforcement, settlement and collection strategies depending on the nature of the assets. Its revenue comes from fee income and investment income. The company has relationships with banks, financial institutions, NBFCs and housing finance companies. It has also been expanding in the retail stressed assets segment, supported by legal mechanisms, collection infrastructure and data analytics. As of March 2026, ARCIL had 13 offices across 12 states, including Delhi, and 206 permanent employees. Its operations are supported by registered valuers, collection agents and empanelled lawyers. Financials ARCIL reported total income of Rs 785 crore in FY26, up 26% from Rs 623 crore in FY25. Profit after tax rose 15% to Rs 408 crore from Rs 355 crore. IIFL Capital Services is the book-running lead manager to the issue, while MUFG Intime India is the registrar. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Pranav Constructions has set the IPO price band at Rs 118-124 per share, with the issue opening on September 7. The Rs 315.6-crore fresh issue and offer for sale will fund the company and selling shareholder, respectively. Focused on Mumbai redevelopment, the company reported 20% revenue growth and 15% profit growth in FY26. View More
Pranav Constructions Ltd has fixed the price band for its initial public offering (IPO) at Rs 118-124 per equity share, with the issue set to open for subscription on September 7. The IPO will close on Wednesday, September 9. Investors can bid for a minimum of 120 shares and in multiples of 120 shares thereafter. At the upper end of the price band, the minimum retail application size works out to Rs 14,880. The equity shares have a face value of Rs 10 each and are proposed to be listed on both BSE and NSE. Pranav Constructions IPO details The IPO comprises a fresh issue of up to Rs 315.6 crore and an offer for sale of up to 28,56,869 equity shares by the investor selling shareholder, BioUrja India Infra Private Ltd. Since the issue includes a fresh issue, part of the IPO proceeds will go to the company. The offer-for-sale portion will go to the selling shareholder. The company had 8,71,71,170 equity shares outstanding as of the date of the announcement. About Pranav Constructions Live Events Incorporated in 2003, Pranav Constructions is a Mumbai-based real estate company focused mainly on redevelopment projects in the Municipal Corporation of Greater Mumbai region, especially in the Western Suburbs. The company is among the leading redevelopment players in Mumbai’s Western Suburbs, with a focus on economical, mid and mass, and aspirational homes, according to the C&W Report cited by the company. Pranav Constructions ranked first in the MCGM region for the highest combined supply in MCGM redevelopment projects launched between CY21 and Q1 CY26. It also ranked second in the MCGM region for the highest supply in MCGM redevelopment projects launched between CY17 and Q1 CY26, according to the report. Also Read: IPO GMP Today Live Updates | Deepa Jewellers IPO Day 2: GMP at 25%, Issue Fully Subscribed; Purple Style Labs IPO 80% Subscribed so far As of March 2026, the company’s portfolio included 65 redevelopment projects across the MCGM region. This included 28 completed redevelopment projects with a total developable area of 1.42 million sq ft, 20 under-construction redevelopment projects with a total developable area of 1.63 million sq ft, and 17 upcoming redevelopment projects with a total developable area of 1.96 million sq ft. The company said it specialises in pure-play redevelopment and operates mainly in the Western Suburbs of Mumbai. As part of its business model, Pranav Constructions enters into redevelopment agreements with co-operative housing societies. This helps it run its business in a capital-efficient manner, as redevelopment projects generally involve unlocking value from existing residential societies rather than acquiring large land parcels outright. Financial details Pranav Constructions reported revenue from operations of Rs 762 crore in FY26, compared with Rs 636 crore in FY25. Net profit rose to Rs 71 crore in FY26 from Rs 62 crore in FY25. The company’s return on capital employed stood at 24.34% in FY26, compared with 24.83% in FY25. Centrum Broking and PNB Investment Services are the book-running lead managers to the issue. KFin Technologies is the registrar. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
From policy and claims records to intermediary and grievance data, Irdai's proposal sets out what the registry could connect and how access would be controlled View More
Yotta Data Services is gearing up for an initial public offering scheduled for early 2027, aiming to secure as much as $1.5 billion to settle debts and enhance their infrastructure. This strategic move taps into the surging demand for AI computing infrastructure seen across India. A noteworthy portion of Yotta’s clientele comprises global customers, bolstered by a tax holiday that instils confidence among international data center users. View More
Indian data centre operator Yotta Data Services plans to launch an IPO in the January-March quarter of 2027, CEO Sunil Gupta told Reuters, as it seeks to capitalise on booming demand for AI computing infrastructure . The Hiranandani Group-backed firm is looking to file draft IPO papers in October and aims to raise up to $1.5 billion to repay debt, buy graphics processing units and expand sovereign cloud infrastructure that keeps data within national borders, he said. The move comes as demand for AI computing infrastructure surges and global tech giants, including Google and Amazon, expand their presence in India. Yotta is currently raising pre-IPO capital and expects the IPO portion to be smaller than initially planned because much of its fundraising target has already been met, Gupta said, declining to disclose revenue or the amount raised so far. Gupta said in a LinkedIn post last month that Yotta had raised $150 million in primary growth capital at a valuation of about 370 billion rupees ($3.9 billion). Live Events Data centre operators are increasingly turning to public markets as rising GPU costs and strong demand for computing capacity increase capital requirements. Yotta says it is India's largest provider of Nvidia -powered AI computing infrastructure. Gupta said India was becoming an attractive destination for AI infrastructure investment as power constraints and GPU shortages slow expansion in the United States and Europe, while geopolitical tensions create uncertainty in the Middle East. "India is again coming to be a big green market for everybody," he said, adding that global clients account for 75%-80% of Yotta's customer base. Gupta said a 20-year tax holiday announced by the Indian government in February for foreign firms using local data centres had boosted confidence among overseas customers. Yotta is also exploring financing structures under which partners would purchase GPUs through special-purpose vehicles, share revenue generated by the chips and eventually transfer ownership to Yotta after four to five years, Gupta said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
India’s population aged 60 and above is projected to reach 347 million by 2050, according to the United Nations Population Fund. This highlights an important question for ageing homeowners: how much real estate do they actually need in retirement? View More
Rays of Belief IPO entered its second day of bidding after receiving a healthy response on Day 1, led by retail investors. The issue’s GMP stands at around 16%, signalling positive investor sentiment and expectations of a strong listing, though GMP is not an official indicator of listing gains. View More
The Rays of Belief IPO has entered its second day of bidding, with investors having a three-day window to place their bids. The issue already received a healthy response on Day 1, particularly from retail investors. Adding to the positive sentiment, the IPO commands a Grey Market Premium (GMP) of around 16%, signalling strong investor expectations ahead of its anticipated stock-market debut. While GMP is not an official indicator of listing gains, it offers a glimpse into the current sentiment surrounding the issue. On the first day of bidding, the IPO was subscribed 1.18 times overall, against the 31.37 lakh shares on offer. The Retail Individual Investors (RII) category stood out, with the segment subscribed 6.51 times against the 5.23 lakh shares reserved for retail investors. With bidding now underway on Day 2, investors will watch closely to see whether subscription levels gain further momentum. The Rs 125 crore IPO is entirely a fresh issue of 52.30 lakh shares, with the company setting the price band at Rs 227–Rs 239 per share. The IPO will open for subscription on September 1, 2026, and close on September 3, 2026. The share allotment is expected to be finalised on September 4, while the tentative listing date on both the NSE and BSE is September 8, 2026. Live Events Investors can bid for shares in lots of 62 shares. At the upper end of the price band, retail investors will need a minimum investment of Rs 14,818 for one lot. Ahead of the public issue, Rays of Belief raised Rs 50 crore from anchor investors. The anchor bidding took place on August 31, 2026. Mefcom Capital Markets Ltd. is the book-running lead manager for the issue, while Kfin Technologies Ltd. is acting as the registrar. Rays of Belief IPO Subscription Status The Rays of Belief IPO witnessed a strong response from retail investors on Day 1 of bidding, with the overall issue subscribed 1.18 times against the 31.37 lakh shares on offer. The Retail Individual Investors (RII) category led the subscription race, with the portion subscribed 6.51 times against 5.23 lakh shares reserved for retail investors. The Non-Institutional Investors (NII) segment, meanwhile, was subscribed 39%, with bids received against the 7.84 lakh shares offered. The Qualified Institutional Buyers (QIB) segment, however, had yet to receive any bids against the 7.84 lakh shares reserved for the category. Rays of Belief IPO GMP Today The latest Grey Market Premium (GMP) for the Rays of Belief IPO stands at Rs 38, implying a premium of around 16% over the upper price band of Rs 239. Based on the current GMP, the estimated listing price of the Rays of Belief IPO is around Rs 277 per share. IPO Objects of the Issue The Company proposes to utilise the Net Proceeds of the Issue primarily towards expanding and strengthening its learning and education infrastructure. This includes setting up Company Learning Centres and centres in partnership with Licensed Professionals (Rs 26.88 crore), School Collaboration Centres (Rs 5.54 crore), a Centre for Excellence and Research (Rs 2.45 crore), and an Upskilling Academy (Rs 2.05 crore). The Company also plans to incur Rs 4.44 crore towards technology hardware and Rs 14.45 crore towards lease payments for its existing centres in India. In addition, Rs 10.13 crore is proposed to be invested in its subsidiary, Moms Belief US Inc., towards lease/license payments for existing centres in the USA. The Company also proposes to spend Rs 10.21 crore on brand awareness and inclusive outreach programmes, while a portion of the Net Proceeds will be utilised for funding inorganic growth through unidentified acquisitions and general corporate purposes. The total estimated utilisation of the Issue proceeds is Rs 76.15 crore. Financial Performance Rays of Belief Ltd. reported a strong 125% year-on-year growth in total income, which increased from Rs 36.54 crore in FY25 to Rs 82.06 crore in FY26. Despite the significant growth in revenue, the company’s profit after tax (PAT) declined by 16% from Rs 5.88 crore in FY25 to Rs 4.96 crore in FY26, indicating pressure on profitability during the period. About Rays of Belief Founded in 2017, Rays of Belief Ltd. is a social enterprise offering personalised care and intervention programmes for children with neurodevelopmental disorders, including autism, ADHD, Down Syndrome and cerebral palsy. Under its Mom’s Belief brand, the company has expanded from 71 centres in FY23 to 136 centres across 57 cities and 20 states/UTs as of March 31, 2026, with a strong presence in Tier 2 and Tier 3 cities. Its services include early intervention, occupational and language therapy, parental guidance and family support. The company had 340+ full-time clinical professionals as of March 31, 2026. Should You Subscribe? According to Master Capital Services, Rays of Belief Limited operates in a fast-growing NDD therapy market. India’s NDD market was valued at ₹52,623 million in CY25, with ASD, ADHD and cerebral palsy contributing around 73%. The company is well positioned to benefit from rising awareness and demand for specialised therapies, with 136 centres across 57 cities, 340+ clinical professionals and over 58,000 children served. Its expansion into the US further strengthens its growth prospects. Overall, investors may consider the IPO as a potential long-term investment opportunity, given the favourable industry outlook and the company’s expanding footprint. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
The Deepa Jewellers IPO enters its second bidding day with 87% subscription on Day 1 and a 25% GMP, indicating strong investor sentiment. Priced at Rs 168–177, the Rs 459.72-crore issue benefits from robust FY26 growth, with profit rising 158%. Analysts highlight attractive valuation, expansion plans and favourable jewellery-market prospects. View More
The Deepa Jewellers IPO has entered its second day of bidding, drawing decent investor interest. In the grey market, the issue is commanding a 25% premium, signalling upbeat investor sentiment and expectations of a strong listing gain. On Day 1, the IPO was 87% subscribed, with investors bidding for shares against the 1.85 crore shares on offer. The retail segment was particularly encouraging, with Retail Individual Investors (RIIs) subscribing 1.38 times the 93.55 lakh shares reserved for them. Priced in the Rs 168–177 per equity share range, the IPO aims to raise 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. Of the total issue size, Rs 250 crore will come through the fresh issue, while the remaining Rs 209.72 crore will be raised through an OFS involving 1.18 crore shares. The IPO will open on September 1, 2026, and close on September 3, 2026. The share allotment is expected to be finalized on September 4, while the company's shares are tentatively scheduled to list on both the NSE and BSE on September 8, 2026. Live Events Investors can bid for a minimum of 84 equity shares, with subsequent bids required to be placed in multiples of 84 shares. At the upper end of the price band, the minimum investment works out to Rs 14,868, excluding applicable charges. At the valuation front, the IPO's P/E multiple based on diluted FY26 earnings stands at 13.15 times at the floor price and 13.85 times at the cap price. This is notably lower than the FY26 industry peer average P/E of 23.92 times, suggesting that Deepa Jewellers is being offered at a comparatively lower valuation than its industry peers. The company has also reported a three-year weighted average Return on Net Worth (RoNW) of 45.26%, reflecting strong returns generated on shareholders' capital. Emkay Global Financial Services Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. has been appointed as the registrar. Deepa Jewellers IPO Subscription Status The Deepa Jewellers IPO witnessed a positive response from investors on Day 1, with the overall issue subscribed 87% against the total offer of 1.85 crore shares. Retail Individual Investors (RIIs): The retail portion was subscribed 1.38 times against 93.55 lakh shares on offer.Non-Institutional Investors (NIIs): The NII portion was subscribed 63% against 40.09 lakh shares on offer.Qualified Institutional Buyers (QIBs): The QIB portion was subscribed 11% against 51.55 lakh shares on offer. Deepa Jewellers IPO GMP Today The Deepa Jewellers IPO GMP is currently reported at Rs 44 per share, indicating a 25% premium over the IPO's upper price band of Rs 177 per share. Based on the prevailing GMP, the estimated listing price is around Rs 221 per share (Rs 177 + Rs 44), suggesting a potential listing premium of approximately 25% over the upper issue price. The Grey Market Premium (GMP) is an unofficial indicator of market sentiment and is not regulated or guaranteed. GMP can change rapidly depending on market conditions, investor sentiment and demand. The actual listing price may differ significantly from the price indicated by the GMP. IPO Objects of the Issue The Company proposes to utilise the Net Proceeds primarily to strengthen its working capital position. Of the total proceeds, Rs 215 crore is proposed to be allocated towards the procurement, maintenance and expansion of inventory, supporting the Company’s long-term growth and operational requirements. The balance proceeds will be utilised for general corporate purposes, providing the Company with enhanced financial flexibility to pursue its strategic initiatives and meet its business requirements. Financial Performance Deepa Jewellers Ltd. reported a strong financial performance in FY26, with total income increasing 38% to Rs 1,927.73 crore from Rs 1,400.10 crore in FY25. The growth reflects a significant expansion in the Company’s overall business during the year. Profitability improved at a considerably faster pace, with PAT rising 158% to Rs 104.79 crore from Rs 40.58 crore in FY25. The sharp increase in earnings underscores the Company’s improved profitability and stronger financial performance in FY26. About Deepa Jewellers Established in 2016, Deepa Jewellers Ltd. operates across the retail and wholesale jewellery segments, offering a wide range of gold and diamond jewellery in both traditional and contemporary designs. Its product portfolio includes bangles, necklaces, earrings, rings, waist belts, armlets, kadas and other customised ornaments. The Company places emphasis on product purity, transparent pricing and customer trust, supported by its network of physical stores and distribution channels. As of July 31, 2026, its customer network spanned 13 states and 1 Union Territory and comprised 373 customers, including 47 jewellery retail chains and 326 standalone stores. Deepa Jewellers offers 16 product categories across 110 SKUs. It also leverages its mobile application, Deepa Jewellers Limited, to showcase its jewellery collections and strengthen customer engagement and market reach. Should you subscribe to the Deepa Jewellers IPO? According to a report by SBI Securities, Deepa Jewellers Ltd. (DJL) is a Hyderabad-based B2B jewellery company engaged in the design and wholesale supply of traditional and machine-crafted gold jewellery to regional retailers and leading jewellery chains. The company has delivered strong financial growth, with Revenue, EBITDA and PAT recording CAGRs of 37.1%, 102.3% and 107.5%, respectively, during FY24–FY26. To support its future expansion, DJL is setting up an in-house manufacturing facility spread across 6,696 sq. ft. in Hyderabad. The facility is expected to improve EBITDA margins, reduce lead times and enhance gold recovery efficiency. The company also follows a structured hedging framework to manage gold price volatility and protect margins. At the upper price band of Rs 177 per share, the issue is valued at a FY26 P/E multiple of 16.2x based on post-issue capital. SBI Securities recommends SUBSCRIBE to the issue for investors with a long-term investment horizon. Master Capital Services also highlights the favorable industry backdrop. The Indian gems and jewellery sector is supported by strong gold demand, wedding and festive consumption, rising disposable incomes and increasing preference for organised retail. The Indian gems and jewellery retail market was valued at approximately Rs 12,887 billion in FY26 and is expected to grow at a 4–5% CAGR, reaching around Rs 15,100–15,500 billion by FY30. The Indian gold jewellery retail market, valued at approximately Rs 10,619 billion in FY26, is expected to grow at a 12–14% CAGR between FY25 and FY30, reaching around Rs 12,000–12,500 billion by FY30. South India remains a key growth market, accounting for nearly 40% of India's jewellery retail industry, with the regional market expected to grow at a 6–7% CAGR through FY30. The South Indian B2B jewellery market is also projected to grow at 3–5% CAGR, supported by strong cultural affinity toward gold and increasing penetration of organised retail. Against this backdrop, Deepa Jewellers appears well positioned to benefit from the growing demand for organised jewellery. Its B2B-focused business model, presence across key South Indian markets, established customer and karigar network, 15-member in-house design team, and expertise in processing and supplying hallmarked 22-karat gold jewellery, including Vardaman and CNC machine-cut bangles, provide it with several competitive strengths. Overall, both SBI Securities and Master Capital Services view the IPO positively. Based on the company's strong historical growth, planned manufacturing expansion, industry tailwinds and reasonable valuation, long-term investors may consider subscribing to the Deepa Jewellers IPO. However, investors should also evaluate the company's risks, valuation and their own risk appetite before investing. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. 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