Deepa Jewellers IPO Day 3: GMP falls to 13%, issue booked 42x

The Deepa Jewellers IPO received a strong investor response, with overall subscriptions reaching 42.61 times the offer size. Grey market premiums indicate a slight caution, though still showing a healthy interest. The company plans to use the raised funds for working capital and inventory expansion. Analysts suggest subscribing to the issue for long-term investment potential. Share allotment is expected on September 4, with listing on September 8, 2026.

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