Deepa Jewellers IPO opens for bidding, GMP at 31%: Should you apply or avoid?

The Deepa Jewellers IPO opened for subscription on September 1, with the Rs 459.72-crore issue comprising a fresh issue and an offer for sale. Priced at Rs 168–177 per share, the issue will remain open until September 3. With the IPO commanding a 31% grey market premium, investors are eyeing potential listing gains amid strong demand and upbeat sentiment.