Lalithaa Jewellery Mart Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹190 - ₹201
- Lot size
- 74 shares
- Issue amount
- ₹1,700 cr
- Total subscription
- 66.62×
- Opens
- 17 Aug 2026
- Closes
- 19 Aug 2026
- Allotment
- 20 Aug 2026
- Listing
- 24 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 8,46,08,276 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,060
- Fresh issue
- ₹1,200.63 cr
- Offer for sale
- ₹500 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,874
- Issue type
- Bookbuilding IPO
- Shares before issue
- 49,99,77,156
- Shares after issue
- 55,97,09,811
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 74 | ₹14,874 |
| sHNI | 14 | 1,036 | ₹2,08,236 |
| bHNI | 68 | 5,032 | ₹10,11,432 |
Share reservation
Subscription & GMP
Subscription by category
Reported 19 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 3,98,615 | 41,71,283 |
| EMPLOYEES | 0 | 23,239 |
| HNIs(10L +) | 8,135 | 1,48,644 |
| HNIs (2-10L) | 4,068 | 2,10,183 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 338.8 | 52,107.98 |
| FIIs | 0 | 19,218.64 |
| FIs | 0 | 22,183.92 |
| Mutual Funds | 0 | 1,714.6 |
| Others | 0 | 8,990.82 |
| RETAIL | 592.9 | 7,407.04 |
| HNIs 2+ | 84.7 | 4,539.45 |
| HNIs 10+ | 169.4 | 15,324.78 |
| EMPLOYEES | 6.63 | 60.32 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 20.2 | 7.29 | 7.2 |
| ROE | 41.6 | 20.9 | 25.96 |
| ROCE | 42.6 | 25.58 | 30.44 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 9.95 | 0 | 0 |
| POST IPO(PE) | 11.14 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Lalithaa Jewellery Mart Limited | 9.95 | 0 | 5.00 | 58.60 | 39.90 | 20.20 |
| Kalyan Jewellers India Limited | 46.85 | 0 | 10.00 | 61.09 | 24.63 | 13.08 |
| Manoj Vaibhav Gems N Jewellers Limited | 7.12 | 0 | 10.00 | 170.60 | 14.82 | 23.54 |
| PC Jeweller Limited | 9.26 | 0 | 10.00 | 9.45 | 10.32 | 1.00 |
| Senco Gold Limited | 11.50 | 0 | 10.00 | 153.45 | 26.07 | 35.08 |
| Thangamayil Jewellery Limited | 46.26 | 0 | 10.00 | 455.60 | 27.93 | 113.14 |
| Titan Company Limited | 85.25 | 0 | 1.00 | 179.75 | 36.48 | 57.19 |
| Tribhovandas Bhimji Zaveri Limited | 9.14 | 0 | 10.00 | 125.60 | 27.06 | 30.32 |
Company information
Company profile
Lalitha Jewellery Mart is a South India-based jewellery retailer that offers a wide range of gold, silver, and diamond jewellery under the brand name “Lalithaa,” with a strong focus on gold jewellery like rings, earrings, necklaces, chains, bangles, and bracelets, which contribute the majority of its revenue. The company has a strong presence across Tamil Nadu, Telangana, Karnataka, and Puducherry, operating 56 stores in 46 cities, mainly in Tier II and Tier III locations to capture growing demand. It also has two manufacturing units in Chennai and Kanchipuram to support its production. In addition, the company runs customer savings schemes like Dhana Vandhanam and Free-yo-Flexi, allowing monthly investments in jewellery purchases, with a large base of active customers enrolled in these plans.
Strengths
- Diversified Retail Presence: The company operates retail stores across multiple regions, helping reduce dependence on a single geographic market.
- Strong Brand Recall: Increased investment in branding and marketing helps strengthen customer awareness and brand recognition.
- Technology & Design Capabilities: The company uses CAD/CAM technology and develops new jewellery designs to meet changing customer preferences and market trends.
Risk factors
- Capital-Intensive Operations: The jewellery business requires significant capital investment to maintain inventory, retail operations, and business growth.
- High Market Competition: The company faces strong competition from large national brands, regional players, and independent jewellery retailers.
- Gold & Diamond Price Risk: Rising gold and diamond prices may increase jewellery costs and reduce consumer demand, potentially affecting sales and profitability.
Promoters
M. Kiran Kumar Jain
Hemaa Kiran Kumar Jain
Registrar & documents
Lead manager
Anand Rathi Securities Limited, Equirus Capital Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
123, Usman Road, T. Nagar, Chennai, Tamil Nadu, 600017
+044 2834 9869
[email protected]Company website ↗Understanding LALITHAA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.