National News
GJEPC Hosts Exclusive Studded Diamond Jewellery BSM In Surat
Brings Together 16 Indian Exhibitors and 17 International Buyers
GJEPC organised a Buyer-Seller Meet (BSM) in Surat on 13-14 April 2026, with a preview and inaugural session held a day prior. The BSM, which focused exclusively on studded diamond jewellery across the natural and lab-grown diamond segments, brought together 16 Indian exhibitors and 17 international buyers from Russia, the US, Brazil, Bulgaria, Colombia, and Poland.
Ali Pastorini, President, Mubri Association, Brazil, said the Surat BSM enabled meaningful business interactions and strengthened connections between companies and countries. She also acknowledged the recognition extended at the opening ceremony, underscoring the importance of platforms that facilitate global trade connections.
The dedicated Preview Day on 12 April facilitated structured interactions through showcase booths, while the core highlight, factory visits, offered buyers direct access to Surat’s advanced manufacturing ecosystem. Over two days, buyers visited all 16 participating factories through a coordinated schedule.
National News
Deepa Jewellers IPO Subscribed 43x
Bids From Non-Institutional Investors Spearheaded The Rally, Oversubscribing Their Reserved Allotment By Nearly 106 Times.
Massive Demand: Deepa Jewellers’ Rs 460-crore ($55M) public offer closed 43 times oversubscribed on its final day of bidding.
Non-Institutional Lead: Bids from non-institutional investors spearheaded the rally, oversubscribing their reserved allotment by nearly 106 times.
Anchor Backing: The company secured Rs 138 crore from marquee anchor investors, including Motilal Oswal Finvest and WhiteOak CapitalMutual Fund, prior to the mlaunch.
Market Debut: Shares of the B2B gold supplier are set to list on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 8.
Gold jewellery supplier Deepa Jewellers saw massive investor appetite for its initial public offering, finishing its final day of book-building nearly 43 times oversubscribed on Thursday.
According to National Stock Exchange (NSE) data, the Rs 460-crore public issue received bids for more than 78.9 crore shares against an available pool of 1.85 crore shares.
The issue carried a price band of Rs 168 to Rs 177 per share, valuing the company at an estimated market capitalization of roughly Rs 1,700 crore at the upper end of the range. The offering comprised a fresh issue of equity shares worth up to Rs 250 crore alongside an offer-for-sale (OFS) of more than 1.18 crore shares.
Ahead of the public rollout, the Telangana-based company raised Rs 138 crore from prominent anchor investors, drawing capital from domestic heavyweights like Motilal Oswal Finvest and WhiteOak Capital Mutual Fund.
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