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Lalithaa Jewellery Mart IPO opens for subscription on 17 August
The IPO has a ₹190 to ₹201 price band and will close on 19 August, after raising ₹508 crore from 22 anchor investors at ₹201 per share.
Lalithaa Jewellery Mart opened its initial public offering for subscription on Monday, 17 August, with the share sale scheduled to run through 19 August. The IPO price band is set at ₹190 to ₹201 per equity share, with a lot size of 74 shares.
The company operates 61 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry, with 45 outlets in Tier II and Tier III cities. In FY26, it reported profit of ₹1,009.8 crore, up 177% year on year, while revenue rose 48.1% to ₹25,023.9 crore.
Grey market activity suggested a higher expected listing price. With the upper end of the price band at ₹201, the estimated listing price was ₹224 per share, implying an 11.4% premium.
Ahead of the IPO opening, Lalithaa Jewellery Mart raised ₹508 crore from anchor investors, including Goldman Sachs, ICICI Prudential Mutual Fund and Bandhan Mutual Fund. According to the BSE circular, it allotted 2.53 crore equity shares to 22 anchor investors at ₹201 per share.