Lalithaa Jewellery IPO Opens Aug 17: 11.44% Listing Pop Expected

Lalithaa Jewellery Mart’s Initial Public Offering (IPO) opens for subscription on Monday, August 17. Grey Market Premium (GMP) data suggests an **11.44%** listing pop, projecting an estimated listing price of ₹224 per share.

The price band for the IPO is set between ₹190 and ₹201 per equity share. This follows a successful anchor investor round on August 14, which raised **₹508 crore**.

Key IPO Figures

• Price Band: **₹190 to ₹201** per equity share
• Estimated Listing Price: **₹224** per share
• Anchor Investor Raise: **₹508 crore** from 22 investors
• Total IPO Size: **₹1,700 crore**
• Fresh Issue Component: Up to **₹1,200 crore**
• Offer For Sale (OFS) Component: Up to **₹500 crore**
• Employee Reservation: Up to **₹6 crore** with a 10% discount

Lalithaa Jewellery Mart operates 61 stores across Southern India, with 45 in Tier II and Tier III cities. The company claims the highest operating revenue per store among major organized jewellery retailers.

Financial Performance & Schedule

The company reported a substantial 177% year-on-year profit increase to **₹1,009.8 crore** in FY26, alongside a 48.1% revenue growth to ₹25,023.9 crore. FY25 saw more modest growth, with profit up 1.4% to ₹364.7 crore and revenue increasing 0.65% to ₹16,897.3 crore.

• Subscription Window: August **17 to August 19**
• Allotment Finalization: August **20**
• Refunds & Demat Credit: August **21**
• Listing on BSE & NSE: Monday, August **24**

The fresh issue proceeds are primarily allocated to funding the expansion of the company’s store network. Anchor investors include Goldman Sachs, ICICI Prudential Mutual Fund, and Bandhan Mutual Fund.

Investor Allocation

• Qualified Institutional Buyers (QIBs): Not more than **50%**
• Non-Institutional Investors (NIIs): Not less than **15%**
• Retail Investors: Not less than **35%**

The IPO is managed by Anand Rathi Advisors and Equirus Capital, with MUFG Intime India Pvt Ltd acting as the registrar.