Indian companies Deepa Jewellers and RentoMojo advance through IPO processes

Deepa Jewellers has successfully debuted on the stock market, with its shares listing at a 25% premium. The company raised a total of Rs 460 crore through its IPO, which saw an overall subscription rate of 42.61 times. The issue attracted nearly 19.75 lakh applications, with significant interest from non-institutional investors, who subscribed 105.96 times.

Separately, furniture and appliance rental platform RentoMojo has raised approximately Rs 376.1 crore from 41 anchor investors ahead of its upcoming public issue. The anchor round, priced at the upper end of the Rs 384-Rs 404 price band, included participation from sixteen domestic mutual funds and five life insurance companies. RentoMojo's IPO is scheduled to open for subscription on September 9 and close on September 11, aiming for a valuation of nearly Rs 4,206 crore.