Lalithaa Jewellery Mart IPO
LISTEDMAINBOARDLALITHAAListing Performance
▲ 31.84%
Issue Price
₹201
Listing Price
₹265
Listed On
24 Aug 2026
- Price Band
- ₹190 – ₹201
- Lot Size
- 74
- Lot Value
- ₹14,874
- Open Date
- 17 Aug17 Aug 2026
- Close Date
- 19 Aug19 Aug 2026
- Min Investment
- ₹14,874
About Lalithaa Jewellery Mart
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. Discuss on Trading Q&A
Revenue is generated through retail sales of jewellery across physical stores and e-commerce platforms, including credit sales schemes and digital payment methods.
Use of IPO Proceeds
Total allocation: ₹103.32 Cr (excludes issue expenses)
Promoters
M. Kiran Kumar Jain
Chairman and Managing Director · age 58
Pre-issue: 97.72%
Hemaa Kiran Kumar Jain
Whole-time Director · age 47
Pre-issue: 0%
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: Equity
Strengths (5)
- •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.
Risk Factors (5)
- •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.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 46.84x (QIB 101.08x, NII 62.95x, Retail 9.38x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 74 | ₹14,874 |
| Retail (max) | 13 | 962 | ₹1,93,362 |
| S-HNI (min) | 14 | 1,036 | ₹2,08,236 |
| S-HNI (max) | 67 | 4,958 | ₹9,96,558 |
| B-HNI (min) | 68 | 5,032 | ₹10,11,432 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.01x | 101.08x |
| sNII (S-HNI) | 0.54x | 4.72x | 40.91x |
| bNII (B-HNI) | 0.43x | 5.65x | 73.97x |
| Retail | 0.58x | 2.17x | 9.38x |
| Total | 0.39x | 2.24x | 46.84x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
9.38x
Allotment Ratio
1 lot per 10 applicants
Allotment Probability
~10.7%
Non-Institutional Investors (NII / HNI)
Subscription
62.95x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
101.08x
Allotment Type
Discretionary allotment
Total Subscription
46.84x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
17 Aug 2026 · Mon
Issue Closes
19 Aug 2026 · Wed
UPI Deadline
19 Aug 2026 · Wed
Allotment
20 Aug 2026 · Thu
Refund
21 Aug 2026 · Fri
Share Credit
21 Aug 2026 · Fri
Listing
24 Aug 2026 · Mon
Issue Opens
17 Aug 2026 · Mon
Issue Closes
19 Aug 2026 · Wed
UPI Deadline
19 Aug 2026 · Wed
Allotment
20 Aug 2026 · Thu
Refund
21 Aug 2026 · Fri
Share Credit
21 Aug 2026 · Fri
Listing
24 Aug 2026 · Mon
IPO Details
| Registrar | MUFG Intime India Private Limited |
| Exchange | Equity |
| ISIN | — |
| Face Value | ₹5 |
| Issue Size | ₹1700.00 Cr |
| Fresh Issue | ₹1200.00 Cr |
| OFS Size | ₹500.00 Cr |
| Lead Managers | Anand Rathi Advisors Limited, Equirus Capital Limited, MUFG Intime India Private Limited |
3-Year Financial Summary
Financial data not available yet.
Check the valuation yourself
Company Fundamentals
8 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹25.00 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
Source: Lalithaa Jewellery Mart offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Lalithaa Jewellery Mart's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Lalithaa Jewellery Mart's filing.
Source: Lalithaa Jewellery Mart offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
- M. Kiran Kumar Jain₹500.00 Cr
Source: Lalithaa Jewellery Mart offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- M. Kiran Kumar Jain₹1.20 Cr p.a.
Chairman and Managing Director
Doctor of Philosophy (honoris causa) in literature from VELS University
Associated with the Company since March 19, 1999; oversees marketing, strategic and overall operations across various segments
- Hemaa Kiran Kumar Jain₹0.90 Cr p.a.
Whole-time Director
Associated with the Company since April 10, 2002; assists in strategic decisions in production and diamond unit business management; responsible for human resource management
- P Rajeswaran₹0.03 Cr p.a.
Whole-time Director
Master's degree in public administration from Institute of Correspondence Education, University of Madras
Associated with the Company for the past 13 years since June 11, 2012; responsible for overall sales and operations management across all stores
- Nayan Jagadishchandra Rawal₹0.01 Cr p.a.
Independent Director
Bachelor's degree in Commerce from University of Bombay; Bachelor's degree in Law from University of Bombay; Doctor of Letters (honoris causa) in business management from McStem Eduversity, USA; Fellow member of the Institute of Company Secretaries of India
Proprietor of law firm Nayan Rawal & Associates for the past 29 years; registered as an advocate with the Bar Council of Maharashtra and Goa since July 15, 2006
- Poonam Jagdhambaprasad Dubey₹0.01 Cr p.a.
Independent Director
Bachelor's degree in Commerce from University of Mumbai; Associate member of the Institute of Chartered Accountants of India
Associated with Mukund M. Chitale & Co., Chartered Accountant; currently associated as managing partner with Bagdi Dubey and Associates since November 2023
- Vandana Mayur Amrutiya₹0.01 Cr p.a.
Independent Director
Bachelor's degree in Commerce from Mithibai College of Arts, Chauhan Institute of Science and A.J. College of Commerce and Economics, University of Mumbai
Proprietor with M/s VMA & Co. since 2012
Key Managerial Personnel (2)
- Bhama S₹0.02 Cr p.a.
Chief Financial Officer
Bachelor's degree in Science for programming and data science from University of Madras; passed intermediary examination conducted by the Institute of Chartered Accountants of India
Associated with the Company since April 17, 2014; appointed as CFO on January 8, 2024; previously associated with M/s Rajkumnar Impex Private Limited as general manager – finance and administration
- Jitendra Kumar Pal₹0.01 Cr p.a.
Company Secretary and Compliance Officer
Associate Member of the Institute of Company Secretaries of India since 2001
Associated with the Company since October 1, 2025; previously associated with Alten Calsoft Labs (India) Private Limited, Sri Lakshmi Saraswathi Textiles (Arni) Limited and Bafna Pharmaceuticals Limited
Source: Lalithaa Jewellery Mart offer document (DRHP/RHP).
Industry & Market
Industry & market data not disclosed in this filing.Market-size/industry detail was not extracted from Lalithaa Jewellery Mart's filing.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Titan Company Limited | 85.25 | — | — | — |
| Manoj Vaibhav Gems N Jewellers Limited | 7.12 | — | — | — |
Material Litigation
The company faces material GST litigation involving a demand of ₹533.17 million for wrongly availed input tax credit, with total liability including penalty of ₹1,066.38 million; the company has appealed and obtained a stay on collection of interest and penalty from the High Court of Andhra Pradesh. Additionally, the company's subsidiary and promoter face a pending criminal complaint regarding operation of a manufacturing facility without necessary environmental consents under the Water Prevention and Control Act.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:MUFG Intime India Private Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Lalithaa Jewellery Mart IPO opening?
The Lalithaa Jewellery Mart IPO opens on 17 Aug 2026 and closes on 19 Aug 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Lalithaa Jewellery Mart IPO?
The price band for the Lalithaa Jewellery Mart IPO is ₹190 to ₹201. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Lalithaa Jewellery Mart IPO?
The minimum lot size is 74 shares with a minimum investment of ₹14,874. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Lalithaa Jewellery Mart IPO today?
The latest Grey Market Premium for Lalithaa Jewellery Mart is ₹54 (+26.87%). GMP is unofficial data and is not a guarantee of listing price.
When will the Lalithaa Jewellery Mart IPO list on NSE and BSE?
The Lalithaa Jewellery Mart IPO is expected to list on 24 Aug 2026 on Equity. Actual listing day trading begins at the start of the normal market session.
How can I check the Lalithaa Jewellery Mart IPO allotment status?
The registrar for this IPO is MUFG Intime India Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Lalithaa Jewellery Mart IPO a mainboard or SME issue?
Lalithaa Jewellery Mart is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Lalithaa Jewellery Mart IPO?
You can apply for the Lalithaa Jewellery Mart IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Lalithaa Jewellery Mart IPO?
The GMP-implied price (unofficial, not a forecast) is ₹255: the upper price band of ₹201 plus the latest grey market premium of ₹54, as of 28 Sep 2026, 01:01 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for Lalithaa Jewellery Mart IPO?
Based on the retail subscription of 9.38x, the estimated allotment ratio is 1 lot per 10 applicants (approximately 10.7% chance of allotment). This is an estimate and actual allotment may vary.
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