Lalithaa Jewellery Mart Shares List at 31% Premium on NSE
Lalithaa Jewellery Mart made a strong stock market debut on Monday, August 24, 2026, with its shares listing at a 31.84% premium on the NSE. The stock opened at ₹265 apiece on the NSE against its IPO issue price of ₹201 per share. On the BSE, the shares debuted at ₹265.30 per share, representing a 31.99% premium over the issue price.
The company’s ₹1,700.00 crore IPO was open for subscription from August 17 to August 19, 2026, and witnessed strong investor interest. The issue was subscribed 62.97 times by the end of the bidding period.
Lalithaa Jewellery Mart IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹1,700.00 crore
- Fresh Issue: Up to ₹1,200.00 crore
- Offer for Sale (OFS): Up to ₹500.00 crore
- Face Value: ₹5 per equity share
- Price Band: ₹190 to ₹201 per share
- Lot Size: 74 shares
- Minimum Investment Amount (Retail Investor): ₹14,874 (74 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Anand Rathi Advisors Limited, Equirus Capital Limited
- Registrar: MUFG Intime India Private Limited
Lalithaa Jewellery Mart IPO Overall Subscription Status
[August 19, 2026, 7:00 P.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
145.38x |
|
Non-Institutional Investors (NIIs) |
73.90x |
|
Retail Individual Investors (RIIs) |
11.81x |
|
Total |
62.97x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding of expenditure towards setting up 10 new stores in India (”New Stores”). The funding is proposed to be utilised towards the following broad heads:
- Capital expenditure for fit-outs in the nature of furniture and fixtures, equipment, IT hardware and software.
- Expenditure towards inventory costs for setting up of new stores.
- General corporate purposes
About Lalithaa Jewellery Mart Limited
Incorporated in 1985, Lalithaa Jewellery Mart Limited is a jewellery retailer offering a wide range of gold, silver, and diamond jewellery tailored to the preferences of customers in southern India. As of March 31, 2026, the company operated 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Puducherry, with a total retail area of 650,881 square feet.
The company also operates two manufacturing facilities in Tamil Nadu, located at Thirumudivakkam in Chennai and Maraimalai in Kanchipuram. Together, these facilities cover approximately 63,862 square feet of manufacturing space.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
25,023.93 |
16,897.32 |
16,788.05 |
|
Operating EBITDA |
1,673.50 |
740.36 |
680.17 |
|
Profit After Tax (PAT) |
1,009.82 |
364.73 |
359.83 |
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