CLOSED
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

Lalithaa Jewellery IPO Oversubscribed 62.97x

By ThePip DeskLalithaa Jewellery IPO Oversubscribed 62.97x

Lalithaa Jewellery Mart Ltd’s IPO closes with a massive 62.97x subscription, attracting billions in bids across QIB, NII, and retail investor categories.

Lalithaa Jewellery Mart Ltd’s initial public offer (IPO) concluded its final day of bidding with a substantial oversubscription, reaching 62.97 times. The company received bids for 3,95,22,17,604 shares, significantly exceeding the 6,27,61,403 shares that were initially offered to the public.

Investor Category Performance

Demand for the IPO was robust across all investor categories, as indicated by data from the NSE. Qualified Institutional Buyers (QIBs) led the subscription, showing exceptional interest in the offering and driving much of the overall demand.

  • Qualified Institutional Buyers (QIBs) subscribed 145.38 times their reserved portion.
  • Non-institutional investors demonstrated strong engagement, with their category being subscribed 73.90 times.
  • Retail investors also participated actively, subscribing 11.81 times their allocated shares.

Pre-IPO Funding and Valuation

Prior to the public offering, Lalithaa Jewellery Mart Ltd successfully raised Rs 508 crore from a group of anchor investors. These prominent financial entities included Goldman Sachs, ICICI Prudential Mutual Fund, and Bandhan Mutual Fund.

  • The IPO’s price band was set between Rs 190 and Rs 201 per share.
  • At the upper end of this price band, the company is valued at approximately Rs 11,250 crore.
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