Lalithaa Jewellery Mart IPO: Issue Size, Price Band and How the Stock Listed
Lalithaa Jewellery Mart IPO opens on 17 August 2026. Check the latest GMP, ₹190-₹201 price band, allotment date, listing date, lot size and financial performance.
Lalithaa Jewellery Mart IPO: The ₹1,700 crore issue was open for subscription from 17 to 19 August 2026 at a price band of ₹190 to ₹201 per share. Allotment was finalised on 20 August, and the shares listed on the NSE and BSE on 24 August 2026 at ₹265, a 31.84% premium to the upper end of the band.
Lalithaa Jewellery Mart IPO: Lalithaa Jewellery Mart is a jewellery retail company with a strong regional presence across South India. Incorporated in November 1985, the company caters primarily to the mass and value-conscious customer segment and offers gold, silver, diamond, precious and semi-precious jewellery.
The company is launching a ₹1,700 crore IPO, including a fresh issue of ₹1,200 crore and an Offer for Sale (OFS) of ₹500 crore. Here are the key details of the IPO.
Lalithaa Jewellery Mart IPO Details
Here are the key dates and issue details.
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Lalithaa Jewellery Mart IPO is worth ₹1,700 crore and consists of a fresh issue of 5.97 crore shares aggregating to ₹1,200 crore and an Offer for Sale of 2.49 crore shares aggregating to ₹500 crore.
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Lalithaa Jewellery Mart IPO opened for subscription on 17 August 2026 and closed on 19 August 2026. The price band was fixed between ₹190 and ₹201 per share.
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Allotment was finalised on 20 August 2026, and the shares listed on the BSE and NSE on 24 August 2026.
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The promoter and promoter group holding reduced from 97.72% before the IPO to 82.85% after the IPO.
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Anand Rathi Advisors Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar of the issue.
|
Parameter |
Detail |
|---|---|
|
IPO Open Date |
17 August 2026 |
|
IPO Close Date |
19 August 2026 |
|
Allotment Date |
20 August 2026 |
|
Listing Date |
24 August 2026 (BSE & NSE) |
|
Price Band |
₹190 - ₹201 per share |
|
Lot Size |
74 shares |
|
Minimum Investment |
₹14,874 |
|
Fresh Issue |
₹1,200 crore |
|
Offer for Sale (OFS) |
₹500 crore |
|
Total Issue Size |
₹1,700 crore |
Lalithaa Jewellery Mart IPO Listing Performance
Lalithaa Jewellery Mart shares debuted on the NSE at ₹265 on 24 August 2026, marking a 31.84% premium to the IPO’s upper price band of ₹201.
The grey market premium ahead of listing had pointed to a gain of about 19%. The actual debut premium of nearly 32% was well above that.
About Lalithaa Jewellery Mart IPO
Lalithaa Jewellery Mart Limited was incorporated in November 1985 and is a jewellery retail company with a strong regional presence across South India. The company caters primarily to the mass and value-conscious customer segment and offers a diverse range of gold, silver, diamond, precious and semi-precious jewellery, with a focus on quality, craftsmanship and original designs.
The company has established strong brand acceptance in Tier II and Tier III cities across southern India. It operates through Large Format Stores and Medium Format Stores, which support its retail expansion and scale.
Lalithaa Jewellery Mart follows an asset-light retail business model with backward integration, supported by efficient inventory management and quality control processes. The company also offers a diverse range of jewellery schemes, contributing to its customer base.
As of 31 March 2026, the company had 7,059 employees across senior management, managerial, sales, security, administration, back-office and other functions.
Strengths (from DRHP)
- Strong regional presence with deep penetration in South Indian markets (~40% of the national jewellery-retail industry)
- Scale via Large and Medium Format Stores (8 large, 43 medium, 10 small), including one of India's largest single jewellery stores (Vijayawada, 100,000 sq. ft.)
- Robust recurring customer base via jewellery savings schemes — highest advances-from-customers among organised peers (Rs 5,042.75 cr, FY26)
- Asset-light retail model with in-house manufacturing (816 karigars) and backward integration
Risk Factors (from DRHP)
- Highly competitive, fragmented market (organised, unorganised and online)
- Expansion risk as it grows beyond its Southern-India base
- Dependence on exclusive karigar (artisan) arrangements; attrition or shortage could disrupt production
- No hedging (no gold metal loans/forward contracts) against gold-price volatility
Lalithaa Jewellery Mart IPO Reservation
For the Lalithaa Jewellery Mart IPO, the allocation was divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
|
Investor Category |
Shares Offered |
|---|---|
|
QIB Investors |
Not more than 50% of the offer |
|
Retail Investors |
Not less than 35% of the offer |
|
NII (HNI) Investors |
Not less than 15% of the offer |
Lalithaa Jewellery Mart IPO Lot Size
Retail investors could apply for a minimum of 1 lot, comprising 74 shares, requiring an investment of ₹14,874 at the upper price band of ₹201. The maximum retail application was 13 lots.
|
Application |
Lots |
Shares |
Amount (₹) |
|---|---|---|---|
|
Retail (Min) |
1 |
74 |
14,874 |
|
Retail (Max) |
13 |
962 |
1,93,362 |
|
S-HNI (Min) |
14 |
1,036 |
2,08,236 |
|
S-HNI (Max) |
67 |
4,958 |
9,96,558 |
|
B-HNI (Min) |
68 |
5,032 |
10,11,432 |
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Lalithaa Jewellery Mart IPO Financial Performance
Lalithaa Jewellery Mart reported strong financial growth during FY26. The company's revenue increased by 48% between FY25 and FY26, while profit after tax (PAT) rose by 177% during the same period.
|
Period Ended |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|---|---|---|---|
|
Total Income (₹ Cr) |
₹25,039.80 |
₹16,907.88 |
₹16,800.62 |
|
EBITDA (₹ Cr) |
₹1,673.50 |
₹740.35 |
₹680.16 |
|
EBITDA Margin (%) |
6.69% |
4.38% |
4.05% |
|
PAT (₹ Cr) |
₹1,009.81 |
₹364.72 |
₹359.83 |
|
PAT Margin (%) |
4.04% |
2.16% |
2.14% |
|
ROCE (%) |
42.60% |
25.58% |
30.44% |
|
ROE (%) |
41.60% |
20.90% |
25.96% |
|
Debt to Equity |
0.53 |
0.51 |
0.49 |
Source: RHP
Conclusion
Lalithaa Jewellery Mart IPO was a ₹1,700 crore book-built issue comprising a ₹1,200 crore fresh issue and a ₹500 crore offer for sale. The company has a strong regional presence across South India and caters mainly to mass and value-conscious customers. It reported FY26 total income of ₹25,039.80 crore and PAT of ₹1,009.82 crore, with ROE and ROCE of 41.60% and 42.60%, and planned to use a large part of the fresh issue proceeds to set up 10 new stores. The shares listed at a 31.84% premium on 24 August 2026. Investors evaluating the stock now should focus on store expansion, gold price sensitivity and debt levels rather than the listing gain.
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