Lalithaa Jewellery IPO: ₹1700 Cr Opens Aug 17

Lalithaa Jewellery Mart Limited is launching its Initial Public Offering (IPO) from August 17 to August 19, 2026. The company aims to raise ₹1,700 crore through this offering, with shares priced between ₹190 and ₹201.

The IPO includes both a fresh issue and an Offer for Sale (OFS). Shares are set to list on the NSE and BSE by August 24, 2026.

Key IPO Figures

• Total IPO Size: ₹1,700 crore
• Fresh Issue Component: ₹1,200 crore (5.97 crore equity shares)
• Offer for Sale Component: ₹500 crore (2.49 crore shares)
• Subscription Window: August 17 to August 19, 2026
• Price Range: ₹190-₹201 per share
• Expected Listing Date: August 24, 2026
• Grey Market Premium (as of August 14, 2026): 17.41% premium, trading at ₹236

Lalithaa Jewellery Mart, established in November 1985, focuses on retail jewellery for mass-market customers across South India. The company offers a diverse portfolio including gold, silver, and diamond jewellery.

The IPO proceeds are primarily designated for retail network expansion. Specifically, ₹34.55 crore will fund capital expenditures for 10 new retail outlets. An additional ₹998.68 crore is allocated for inventory requirements for these new stores, with remaining funds for general corporate purposes.

Financial Performance Highlights

• Total Revenue (FY26): ₹25,023.93 crore, up 48.09% from FY25
• Net Profit (FY26): ₹1,009.82 crore, a 176.87% increase from FY25
• PAT Margin (FY26): 4.04%
• Return on Equity (FY26): 41.60%
• Earnings Per Share (FY26): ₹20.20

M. Kiran Kumar Jain and Hemaa Kiran Kumar Jain are the company’s promoters. M. Kiran Kumar Jain is also a selling shareholder in the OFS component. Anand Rathi Advisors Limited and Equirus Capital Limited are serving as the Book Running Lead Managers for the issue.

The company’s robust financial growth in FY26, alongside its strategic expansion plans, positions this IPO to support further market penetration across India.