The Deepa Jewellers IPO is likely to finalise its share allotment today after the offering received an overwhelming subscription of 42.61 times. Investors are now awaiting the allotment status ahead of the company's September 8 listing on the BSE and NSE. The strong subscription indicates robust demand across investor categories, a pattern often seen in Indian jewellery-sector IPOs, where brands with established retail footprints have drawn heavy retail participation in recent years.

The grey market premium (GMP) for Deepa Jewellers currently stands at around 11%, a level that market participants track as an informal indicator of potential listing-day performance. GMP is an unregulated, over-the-counter indicator reflecting unofficial trading in shares before listing, and it has historically been an imperfect predictor of actual debut performance, as premiums can shift sharply between allotment and listing day. The allotment process follows the close of the subscription period, after which successful bidders will receive shares in their demat accounts while refunds are initiated for unsuccessful applicants.

The company's shares are scheduled to debut on the BSE and NSE on September 8. Investors who applied for the IPO can check their allotment status through the registrar's website once the basis of allotment is finalised. For an offering subscribed more than 42 times, allotment is typically determined through a computerised lottery for retail investors, meaning most small applicants in oversubscribed categories will not receive a full allotment. Market watchers will be tracking the listing-day performance on September 8 as the next milestone for the offering.

Source: Economic Times Markets