National News
Jewelbox Strengthens South India Footprint with Flagship Store in Bangalore
Jewelbox, a pioneer in lab-grown diamond jewellery, has expanded its presence in South India with the opening of its flagship store in Jayanagar, Bangalore.
This expansion follows the brand’s successful entry into Chennai and is a key part of its retail growth strategy, which has seen rapid expansion with stores in Delhi, Gurgaon, Chennai, Kolkata, and Guwahati over the last six months.
Bangalore, contributing 15% of Jewelbox’s total online orders, is now a pivotal market for the brand. The new store is poised to cater to the rising demand for sustainable luxury jewellery, drawing on the city’s eco-conscious and affluent consumer base, as well as its status as a hub for young professionals.
“We’ve always seen Bangalore as a key market for growth,” said Vidita Kochar Jain, Co-Founder of Jewelbox. “With the Jayanagar store, we’re offering a personalized in-store experience for customers who appreciate sustainability, innovation, and exceptional craftsmanship.”
The Jayanagar store will showcase a curated collection of lab-grown diamond jewellery, featuring personalized consultations, exclusive designs, and expert styling advice aimed at consumers aged 25 to 50.
With the lab-grown diamond market in India set to reach USD 797.92 million by 2030, growing at a CAGR of 14.8%, Jewelbox is positioning itself to capitalize on this growing demand for sustainable jewellery. The brand plans to open three to four additional stores in Bangalore by the end of 2025, further strengthening its presence in the region.
This store launch is part of Jewelbox’s comprehensive omni-channel strategy, combining the convenience of online shopping with the immersive, hands-on retail experience at its Jayanagar outlet.
National News
Deepa Jewellers IPO GMP Today: Grey Market Hints 16% Listing Gain
Grey Market Premium (GMP) Currently Trading At +₹28 Per Share. This Points Toward An Estimated Listing Price Of ₹205 On The Upper Band
The initial public offering (IPO) of Deepa Jewellers is set to close for subscription today, September 3, following a three-day bidding window that opened on September 1.
Offered in a price band of Rs 168 to Rs 177 per equity share with a face value of Rs 2, the issue required a minimum lot size of 84 shares. The company structured its allocation quota to reserve up to 50% for Qualified Institutional Buyers (QIBs), at least 35% for retail investors, and a minimum of 15% for Non-Institutional Investors (NIIs).
Grey market trends indicate high investor appetite, with the Grey Market Premium (GMP) currently trading at +Rs 28 per share. This points toward an estimated listing price of Rs 205 on the upper band, representing a potential gain of approximately 15.82%. Over the past nine sessions, the GMP has shown consistent upward momentum, reaching peak levels of up to Rs 55.
Following the close of the issue today, the allotment process is expected to be finalized on Friday, September 4. Unsuccessful bidders will see refunds initiated on Monday, September 7, coinciding with the credit of shares to the demat accounts of successful allottees.
Deepa Jewellers is slated to make its official trading debut on both the BSE and NSE on Tuesday, September 8.
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