Lalithaa Jewellery Mart IPO GMP today is Rs 70. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
LALITHAA
Lalithaa Jewellery Mart IPO GMP, Subscription & Allotment Status Today
Lalithaa Jewellery Mart Limited is a jewellery company with operations primarily based in South India, where it caters to value-conscious, mass-market consumers across Tier I, II, and III cities. The company is engaged in the business of manufacturing, wholesaling, and retailing a diverse range of products, including gold, diamond-studded, platinum, and silver jewellery. Its revenue is generated through the direct sale of these items in its retail stores. A key feature of its business model is the use of jewellery purchase schemes that allow customers to pay in advance, either as a lump sum or in installments. In return for these advance payments, customers can purchase jewellery at a later date and receive benefits, such as significant waivers on wastage charges, which help in customer retention and securing sales.
- Price Band
- ₹190.00 - ₹201.00
- Lot Size
- 74 Shares
- Bidding Closes
- 19 Aug 2026
- Listing Date
- 24 Aug 2026
Current GMP Status
₹70
+34.83% vs upper band
Est. Listing Gain
+31.99%
Last Trend
20 Aug 2026
Listing Price
₹265.30
Retail Entry
₹14,874
IPO Details
Complete IPO information
| Current GMP | ₹70 |
|---|---|
| Estimated Listing Gain | +31.99% |
| Price Band | ₹190.00 - ₹201.00 |
| Issue Price | Approx ₹201.00 Crores |
| Listing Price | ₹265.30 |
| Lot Size | 74 Shares |
| Issue Type | Mainboard |
| Registrar | TBA |
| Exchange | BSE, NSE |
| Retail Quota | TBA |
| Overall Subscription | 62.97x |
| Listing Date | 24 Aug 2026 |
| Minimum Investment | ₹14,874 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 178.32 | 25924.36 | 145.38x |
| NII | 133.74 | 9882.70 | 73.9x |
| Retail | 312.05 | 3685.09 | 11.81x |
| Overall Subscription | 627.61 | 39522.17 | 62.97x |
Head-to-head
Compare Lalithaa Jewellery Mart IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Lalithaa Jewellery Mart is priced at ₹201 per share. With a minimum lot size of 74 shares, a retail investor applying for one lot would need approximately ₹14,874 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Lalithaa Jewellery Mart stands at ₹70, implying an estimated listing gain of around 34.83% over the issue price if it holds until listing. This is up ₹15 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Lalithaa Jewellery Mart's IPO was subscribed 62.97x overall, with a category-wise breakdown of Retail 11.81x, QIB 145.38x, NII 73.9x.
Among the strengths highlighted in Lalithaa Jewellery Mart's IPO documents: Regional market leader across the South Indian organized retail jewellery market.; Transparent pricing model that drives strong trust and customer loyalty..
Investors should also weigh the risk factors Lalithaa Jewellery Mart has disclosed, including: Heavy revenue dependence on gold jewellery sales over other products..
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
17 Aug 2026
✓
Bidding Closes
19 Aug 2026
✓
Allotment
20 Aug 2026
✓
Listing
24 Aug 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 20 Aug 2026 | ₹55.00 | +₹15.00 | 27.36% |
| 19 Aug 2026 | ₹40.00 | -₹1.00 | 19.90% |
| 13 Aug 2026 | ₹41.00 | - | 20.40% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 74 | ₹14,874 |
| Retail Maximum | 13 Lot | 962 | ₹1,93,362 |
| S-HNI Minimum | 14 Lot | 1,036 | ₹2,08,236 |
| S-HNI Maximum | 67 Lot | 4,958 | ₹9,96,558 |
| B-HNI Minimum | 68 Lot | 5,032 | ₹10,11,432 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Regional market leader across the South Indian organized retail jewellery market.
- Transparent pricing model that drives strong trust and customer loyalty.
- Widespread retail footprint with sixty-one showrooms across five southern states.
- Promoter-led management with decades of expertise in the jewellery industry.
- Consistent financial performance driven by a highly efficient inventory turnover.
Risks
- Heavy revenue dependence on gold jewellery sales over other products.
- Gold price volatility, which directly impacts profitability and margins.
- Intense market competition from both organized and unorganized regional retailers.
- Brand reputation damage could severely affect customer footfall and sales.
- Seasonal sales fluctuations are tied closely to festivals and wedding periods.
Analysis
Lalithaa Jewellery Mart IPO Details
The Lalithaa Jewellery Mart IPO is a book-built public issue with a total issue size of approximately ₹1,700 crores. The IPO comprises a fresh issue of approximately ₹1,200 crores along with an Offer for Sale (OFS) of approximately 2,48,75,621 equity shares.
The IPO is scheduled to open for subscription on August 17, 2026 and close on August 19, 2026. Lalithaa Jewellery Mart has set a price band of ₹190 to ₹201 per equity share, while the face value is ₹5 per share. The equity shares are proposed to be listed on both the BSE and NSE.
| Particular | Details |
|---|---|
| IPO Open Date | August 17, 2026 |
| IPO Close Date | August 19, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹190 to ₹201 Per Share |
| Issue Size | Approx ₹1,700 Crores |
| Fresh Issue | Approx ₹1,200 Crores |
| Offer for Sale (OFS) | Approx 2,48,75,621 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
Note: The above table summarizes the key Lalithaa Jewellery Mart IPO details, including the issue dates, price band, fresh issue, Offer for Sale and proposed listing exchanges. Investors should also evaluate the company's financial performance, valuation, objects of the issue, promoter holding and business risks before making an investment decision.
Analysis
Lalithaa Jewellery Mart IPO Reservation
The Lalithaa Jewellery Mart IPO has a category-wise reservation for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). The reservation structure determines the proportion of the net offer available for subscription by different investor categories.
As per the provided allocation structure, 50% of the offer is reserved for Qualified Institutional Buyers, excluding the anchor investor portion. Non-Institutional Investors have a reservation of 15%, while the remaining 35% is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Qualified Institutional Buyers (QIB) (Ex. Anchor) | – Shares | 50% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 35% |
Note: The exact number of equity shares allocated to each investor category can be updated once the final reservation and anchor allocation details are available. The final allotment will depend on subscription levels and the finalized basis of allotment.
Analysis
Lalithaa Jewellery Mart IPO Anchor Investors
The Lalithaa Jewellery Mart IPO anchor investor bidding is scheduled for August 14, 2026, ahead of the public issue opening. The final anchor investor list, number of equity shares allocated and total anchor allocation amount will be available after completion of the anchor bidding process.
Anchor investors are subject to applicable lock-in requirements. As per the provided structure, 50% of the anchor allocation will be subject to a 30-day lock-in period, while the remaining 50% will be subject to a 90-day lock-in period.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 14, 2026 |
| Anchor Investors List | To be Updated |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: The anchor investor list, shares allocated, anchor issue size and exact lock-in expiry dates will be updated after the final anchor allocation details are announced.
Analysis
Lalithaa Jewellery Mart IPO Dates
The Lalithaa Jewellery Mart IPO is scheduled to open for subscription on August 17, 2026 and close on August 19, 2026. Investors can submit their IPO applications during this subscription window.
After the issue closes, the basis of allotment is expected to be finalized on August 20, 2026. Refunds for unsuccessful applicants are scheduled for August 21, while shares are also expected to be credited to the demat accounts of successful applicants on the same day. The Lalithaa Jewellery Mart IPO listing date is August 24, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 17, 2026 |
| IPO Close Date | August 19, 2026 |
| Basis of Allotment | August 20, 2026 |
| Refunds | August 21, 2026 |
| Credit to Demat Account | August 21, 2026 |
| IPO Listing Date | August 24, 2026 |
Note: The above table provides the proposed Lalithaa Jewellery Mart IPO timeline from opening through listing. The schedule may be revised if there are changes announced by the company, registrar or stock exchanges.
Analysis
Lalithaa Jewellery Mart IPO Promoters and Holding Pattern
The promoters of Lalithaa Jewellery Mart are M. Kiran Kumar Jain and Hemaa Kiran Kumar Jain. Prior to the IPO, the promoter and promoter group collectively hold 97.72% of the company's equity share capital, while other shareholders hold the remaining 2.28%.
The promoter and promoter group hold 48,85,74,576 equity shares before the IPO, while other shareholders hold 1,14,02,580 equity shares. The company's total number of equity shares is expected to increase from 49,99,77,156 shares before the IPO to 55,97,09,811 shares after completion of the issue.
Promoters of Lalithaa Jewellery Mart
- M. Kiran Kumar Jain
- Hemaa Kiran Kumar Jain
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 48,85,74,576 | 97.72% | – | -% |
| Others* | 1,14,02,580 | 2.28% | – | -% |
| Total | 49,99,77,156 | 100% | 55,97,09,811 | 100% |
Note: The above table presents the available pre-IPO and post-IPO shareholding information for Lalithaa Jewellery Mart. The exact post-IPO promoter and public shareholding percentages can be updated once the complete post-issue shareholding pattern is available.
Analysis
Lalithaa Jewellery Mart IPO Objects of the Issue & Utilisation of Proceeds
Lalithaa Jewellery Mart proposes to utilise a significant portion of the fresh issue proceeds for expanding its retail network through the establishment of 10 new stores. The proposed expenditure includes store fit-outs as well as inventory required for commencing operations at these new locations.
The company plans to utilise approximately ₹34.55 crores towards capital expenditure for furniture and fixtures, equipment, IT hardware and software for the new stores. A substantially larger amount of approximately ₹998.68 crores is proposed to be used towards inventory costs for setting up these stores.
| Purpose | Amount |
|---|---|
| Funding expenditure towards setting-up of 10 New Stores: (a) Capital expenditure for fit-outs in the nature of furniture and fixtures, equipment, IT hardware and software | ₹34.55 Crores |
| Funding expenditure towards setting-up of 10 New Stores: (b) Expenditure towards inventory costs for setting up of New Stores | ₹998.68 Crores |
| General Corporate Purposes | ₹- |
Note: The above amounts represent the proposed utilisation of the Lalithaa Jewellery Mart IPO proceeds. Actual deployment may vary depending on store rollout schedules, inventory requirements, capital expenditure needs and other business considerations.
Analysis
Lalithaa Jewellery About Mart
Lalithaa Jewellery Mart, founded in November 1985, is a growing jewellery retail company with a strong presence across Tier II and Tier III cities in South India. Its product portfolio includes a wide range of gold, silver, diamond, precious, and semi-precious jewellery.
Its collection offers a wide range of jewellery across various categories, including chains, Rings, Bangles, Necklaces, haaram, Drops, sacred idols, pendants, and coins, across kids, men, and teenagers, perfect for every occasion. The firm operates its business via 2 manufacturing facilities in Thirumudivakkam, Chennai, and Maraimalainagar, Kanchipuram, covering an area of 43,681.96 sq. ft. and 20,000.00 sq. ft. As of April 2026, Lalithaa Jewellery operates 63 showrooms across Andhra Pradesh, Karnataka, Tamil Nadu, Telangana, Puducherry, and Chennai.
Analysis
Lalithaa Jewellery Mart IPO Company Financial Report
Lalithaa Jewellery Mart reported a significant improvement in its financial performance in FY2026. Revenue increased from ₹16,800.62 crores in FY2024 to ₹16,907.88 crores in FY2025 before rising sharply to ₹25,039.80 crores in FY2026.
Profitability also strengthened considerably. The company's Profit After Tax (PAT) increased from ₹359.83 crores in FY2024 to ₹364.73 crores in FY2025 and then reached ₹1,009.82 crores in FY2026. Total assets expanded from ₹5,182.26 crores in FY2024 to ₹10,945.14 crores in FY2026.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹16,800.62 Cr. | ₹16,316.07 Cr. | ₹359.83 Cr. | ₹5,182.26 Cr. |
| 2025 | ₹16,907.88 Cr. | ₹16,404.58 Cr. | ₹364.73 Cr. | ₹6,929.68 Cr. |
| 2026 | ₹25,039.80 Cr. | ₹23,679.54 Cr. | ₹1,009.82 Cr. | ₹10,945.14 Cr. |
Amount in ₹ Crores: The above table summarizes Lalithaa Jewellery Mart's revenue, expenses, Profit After Tax (PAT), and total assets from FY2024 to FY2026. Investors should evaluate the strong FY2026 growth together with profitability margins, capital structure, IPO valuation, expansion plans and industry-related risks.
Analysis
Lalithaa Jewellery Mart IPO Valuation – FY2026
The Lalithaa Jewellery Mart IPO valuation can be assessed through key financial indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, Return on Net Worth (RoNW), debt-to-equity ratio and Net Asset Value (NAV).
For FY2026, Lalithaa Jewellery Mart reported a strong ROE of 41.60% and ROCE of 42.60%. The company's EBITDA margin stood at 6.69%, while the PAT margin was 4.04%. The basic EPS was ₹20.20 per share, with RoNW at 39.90% and NAV at ₹58.60 per share.
| KPI | Values |
|---|---|
| ROE | 41.60% |
| ROCE | 42.60% |
| EBITDA Margin | 6.69% |
| PAT Margin | 4.04% |
| Debt to Equity Ratio | 0.53 |
| Earning Per Share (EPS) | ₹20.20 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 39.90% |
| Net Asset Value (NAV) | ₹58.60 |
Note: The above valuation metrics are based on FY2026 financial information. Investors should compare these indicators with the IPO price band, peer-group valuations, historical financial performance, debt levels, profitability, expansion strategy and industry outlook before making an investment decision.
Analysis
Lalithaa Jewellery Mart IPO Peer Group Comparison
The Lalithaa Jewellery Mart IPO peer group comparison helps investors compare the company's financial and valuation metrics with listed jewellery companies. Important parameters for comparison include Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW) and Net Asset Value (NAV).
The peer group includes established jewellery businesses such as Kalyan Jewellers India, Manoj Vaibhav Gems N Jewellers, PC Jeweller, P N Gadgil Jewellers, Senco Gold, Thangamayil Jewellery, Titan Company and Tribhovandas Bhimji Zaveri. The wide variation in P/E ratios and returns across these companies highlights differences in their scale, growth profile, profitability and market valuations.
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Kalyan Jewellers India Limited | 13.08 | 46.85 | 24.63% | 61.09 | – Cr. |
| Manoj Vaibhav Gems N Jewellers Limited | 23.54 | 7.12 | 14.82% | 170.60 | – Cr. |
| PC Jeweller Limited | 1.00 | 9.26 | 10.32% | 9.45 | – Cr. |
| P N Gadgil Jewellers Limited | 30.20 | 22.18 | 23.21% | 144.63 | – Cr. |
| Senco Gold Limited | 35.08 | 11.50 | 26.07% | 153.45 | – Cr. |
| Thangamayil Jewellery Limited | 113.14 | 46.26 | 27.93% | 455.60 | – Cr. |
| Titan Company Limited | 57.19 | 85.25 | 36.48% | 179.75 | – Cr. |
| Tribhovandas Bhimji Zaveri Limited | 30.32 | 9.14 | 27.06% | 125.60 | – Cr. |
Note: Peer-group figures should be considered as comparative benchmarks only. Investors should also compare Lalithaa Jewellery Mart's EPS, RoNW, NAV, IPO pricing, revenue growth, profitability, business scale and expansion strategy while evaluating the issue.
Analysis
IPO Lead Managers aka Merchant Bankers
- Anand Rathi Advisors Ltd.
- Equirus Capital Ltd.
FAQ
Lalithaa Jewellery Mart IPO FAQs
Lalithaa Jewellery Mart IPO price band is Rs 190.00 to Rs 201.00. Check the latest issue price, lot size and GMP together before applying.
Lalithaa Jewellery Mart IPO open date is 17 Aug 2026, close date is 19 Aug 2026, and listing date is 24 Aug 2026.
Lalithaa Jewellery Mart IPO lot size is 74 shares. The minimum retail investment is Rs 14,874.
Lalithaa Jewellery Mart is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Lalithaa Jewellery Mart IPO subscription status currently shows Retail 11.81x, QIB 145.38x, NII 73.9x, Overall 62.97x.
Lalithaa Jewellery Mart Limited is a jewellery company with operations primarily based in South India, where it caters to value-conscious, mass-market consumers across Tier I, II, and III cities. The company is engaged in the business of manufacturing, wholesaling, and retailing a diverse range of products, including gold, diamond-studded, platinum, and silver jewellery. Its revenue is generated through the direct sale of these items in its retail stores. A key feature of its business model is the use of jewellery purchase schemes that allow customers to pay in advance, either as a lump sum or in installments. In return for these advance payments, customers can purchase jewellery at a later date and receive benefits, such as significant waivers on wastage charges, which help in customer retention and securing sales.
Lalithaa Jewellery Mart IPO issue size is 1700 and the expected allotment date is 20 Aug 2026.
Community discussion
Comments
Share a useful question or insight about Lalithaa Jewellery Mart.
Leave a comment
Your email address will not be published. All comments and replies are reviewed before appearing.
Keep Exploring
Similar Recent IPOs
Mainboard
Vishal Nirmiti
Price Band₹208.00 - ₹220.00
Current GMP₹2 · +0.9%
Lot Size68 Shares
Mainboard
Nityas Gems and Jewellery
Price Band₹70.00 - ₹75.00
Current GMP₹9 · +12.0%
Lot Size200 Shares
Mainboard
SRIT India
Price Band₹123.00 - ₹130.00
Current GMP₹20 · +15.4%
Lot Size115 Shares
Mainboard
Shah Investor's Home
Price Band₹159.00 - ₹167.00
Current GMP₹13 · +7.8%
Lot Size85 Shares
Loading comments...