IPO GMP Today Live Updates: Deepa Jewellers IPO subscribed 0.48x on Day 1; Hy-Tech Engineers lists at 42% premium
Key Takeaways
- •Deepa Jewellers’ IPO opened for subscription and was subscribed 0.48 times on Day 1 so far.
- •The Deepa Jewellers issue was trading at a 31% grey market premium, implying an estimated listing price of about ₹232 per share.
- •Purple Style Labs’ IPO was in its second day of bidding, but investor interest remained subdued.
- •Purple Style Labs’ grey market premium fell to about 1% from an earlier 5%, indicating a smaller expected listing gain.
Deepa Jewellers’ IPO opened for subscription today and was commanding a 31% premium in the grey market. The issue had been subscribed 0.48 times on Day 1 so far. Meanwhile, Purple Style Labs’ IPO entered its second day of bidding, although investor interest remained subdued. In the grey market, the issue was trading at about a 1% premium, sharply lower than the earlier 5% premium, suggesting expectations of only a modest listing gain over the issue price. The day’s updates come as the broader IPO pipeline stays active, with several issues and recent listings drawing attention across subscription, valuation and listing-performance trends.
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Rays of Belief IPO GMP Today Live Updates: Key Strengths
Deepa Jewellers IPO GMP Today Live Updates: Key risks
Deepa Jewellers IPO GMP Today Live Updates: Valuation
Deepa Jewellers IPO GMP Today Live Updates: Key strategies
Deepa Jewellers IPO GMP Today Live Updates: Key Strengths
Farm Peace IPO GMP Today Live Updates: Fresh Issue of Rs 32 Crore
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Rays of Belief IPO GMP Today Live Updates: About Company
Incorporated in 2017, Rays of Belief Ltd. is a for-profit social enterprise that provides personalised intervention programmes for children with Neurodevelopmental Disorders (NDDs), including Autism Spectrum Disorder (ASD), ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities and Global Developmental Delays.
The company opened its first centre in Gurgaon in 2018 and has since expanded its network under the Mom’s Belief brand. The number of centres grew from 71 in Fiscal 2023 to 136 as of March 31, 2026. The centres are spread across 57 cities and 20 states and union territories in India, with a significant presence in Tier 2 markets.
As of March 31, 2026, the network comprised 42 Tier 1, 77 Tier 2 and 17 Tier 3 centres, enabling the company to extend developmental care services to underserved and semi-urban communities.
Rays of Belief IPO GMP Today Live Updates: Financial Performance
Deepa Jewellers IPO GMP Today Live Updates: Subscription Status
Rays of Belief IPO GMP Today Live Updates: Objects of the Issue
The company plans to use the net proceeds from the issue primarily to expand and strengthen its learning and education infrastructure. The proposed deployment includes ₹26.88 crore for setting up Company Learning Centres and centres in partnership with Licensed Professionals, ₹5.54 crore for School Collaboration Centres, ₹2.45 crore for a Centre for Excellence and Research, and ₹2.05 crore for an Upskilling Academy.
In addition, the company has earmarked ₹4.44 crore for technology hardware and ₹14.45 crore for lease payments for its existing centres across India.
Lumino Industries IPO GMP Today Live Updates: About Company
Established in 2005, Lumino Industries is an integrated engineering, procurement and construction (EPC) and manufacturing company serving India’s power transmission and distribution sector. The company manufactures products including conductors, power cables, electrical wires and high-temperature low-sag (HTLS) conductors used in power transmission and distribution infrastructure.
Lumino Industries IPO GMP Today Live Updates: Financial Performance
The company reported growth in both revenue and profitability in FY26. Total income increased 7% to ₹2,089.31 crore from ₹1,946.68 crore in FY25.
Profitability rose at a faster pace, with profit after tax (PAT) increasing 28% to ₹160 crore in FY26 from ₹124.59 crore in the previous financial year.
Lumino Industries IPO GMP Today Live Updates: IPO Proceeds
A significant portion of the fresh issue proceeds will be used to reduce Lumino Industries’ debt. The company plans to allocate around ₹337 crore for the prepayment or repayment of certain outstanding borrowings.
In addition, about ₹15.01 crore has been set aside for capital expenditure, including the purchase of equipment and machinery, civil works and interior development at an existing manufacturing facility. The remaining proceeds will be used for general corporate purposes.
Deepa Jewellers IPO GMP Live: Financial Performance
Deepa Jewellers Ltd. delivered a strong financial performance in FY26, with total income rising 38% to ₹1,927.73 crore from ₹1,400.10 crore in FY25, reflecting a significant expansion in the business.
Profitability rose much faster, with profit after tax (PAT) surging 158% to ₹104.79 crore in FY26 from ₹40.58 crore in FY25. The sharp rise in PAT indicates improved profitability and stronger earnings performance during the year.
Deepa Jewellers IPO GMP Live: About Company
Established in 2016, Deepa Jewellers Ltd. operates in the retail and wholesale jewellery segments, offering a wide range of gold and diamond jewellery in traditional and contemporary designs. Its product portfolio includes bangles, necklaces, earrings, rings, waist belts, armlets, kadas and customised ornaments.
The company focuses on product purity, transparent pricing and customer trust, supported by its physical store network and distribution channels. As of July 31, 2026, Deepa Jewellers had a customer base across 13 states and one Union Territory, comprising 373 customers, including 47 jewellery retail chains and 326 standalone stores.
Deepa Jewellers IPO GMP Live: Objects of the Issue
Deepa Jewellers IPO GMP Live: Should You Subscribe to the Deepa Jewellers IPO?
According to a report by SBI Securities, Deepa Jewellers Ltd. (DJL), based in Hyderabad, is a B2B jewellery company that designs and wholesales traditional and machine-crafted gold jewellery to regional retailers and major jewellery chains. The company has reported strong financial growth, with revenue, EBITDA and profit after tax (PAT) recording CAGRs of 37.1%, 102.3% and 107.5%, respectively, between FY24 and FY26.
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IPO GMP Today Live Updates: Hy-Tech Engineers makes strong debut, lists at 42% premium over IPO price
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Deepa Jewellers IPO GMP Live: Check key dates
The IPO will open for subscription on September 1, 2026, and close on September 3. The share allotment is expected to be finalised on September 4, while the company’s shares are tentatively scheduled to list on both the NSE and BSE on September 8.
Deepa Jewellers IPO GMP Live: GMP implies 31% premium
The Deepa Jewellers IPO GMP stands at Rs 55, implying a 31% premium over the upper end of the IPO price band of Rs 177 per share. At the prevailing GMP, the estimated listing price is around Rs 232 per share.
Deepa Jewellers IPO GMP Live: Financial performance
Deepa Jewellers reported a strong financial performance in FY26, with total income rising 38% to Rs 1,927.73 crore from Rs 1,400.10 crore in FY25. Profit growth was significantly stronger, with PAT surging 158% to Rs 104.79 crore from Rs 40.58 crore in FY25, reflecting a sharp improvement in profitability during the year.
Purple Style Labs IPO GMP Live: How will the IPO proceeds be utilised
The largest allocation of Rs 371.13 crore will be invested in its wholly owned subsidiary, PSL Retail, to meet expenditure related to lease liabilities for Experience Centers and back-end offices across India.
Another Rs 138.90 crore has been earmarked for sales and marketing expenses, which will support the company’s expansion, customer acquisition and brand-building initiatives.
The balance of the proceeds will be used for general corporate purposes.
