Lalithaa Jewellery Mart IPO: Overview
Lalithaa Jewellery Mart Limited, a South India-focused gold and jewellery retail chain, opened its ₹1,700 crore mainboard IPO on August 17, 2026. The issue closes on August 19, 2026, with listing on both BSE and NSE expected on August 24, 2026.
The issue combines a fresh issue of ~₹1,200 crores with an offer for sale of up to 2,48,75,621 equity shares by promoter M Kiran Kumar Jain.
Lalithaa Jewellery Mart IPO: Key Dates
|
Event |
Date |
|
Anchor Bidding Date |
August 14, 2026 |
|
IPO Open Date |
August 17, 2026 |
|
IPO Close Date |
August 19, 2026 |
|
Basis of Allotment |
August 20, 2026 |
|
Refunds Initiated |
August 21, 2026 |
|
Credit to Demat Account |
August 21, 2026 |
|
Listing Date (BSE, NSE) |
August 24, 2026 |
Lalithaa Jewellery Mart IPO: Issue Details
|
Particular |
Detail |
|
Face Value |
₹5 per equity share |
|
Price Band |
₹190 to ₹201 per share |
|
Total Issue Size |
~₹1,700 crores |
|
Fresh Issue |
~₹1,200 crores |
|
Offer for Sale |
Up to 2,48,75,621 equity shares |
|
Issue Type |
Book Building Issue |
|
Listing |
BSE, NSE |
Reservation is split 35% for retail, 50% for QIB (including a 30% anchor allocation), and 15% for NII/HNI.
Lalithaa Jewellery Mart IPO: Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Minimum) |
1 |
74 |
₹14,874 |
|
Retail (Maximum) |
13 |
962 |
₹1,93,362 |
|
S-HNI (Minimum) |
14 |
1,036 |
₹2,08,236 |
|
S-HNI (Maximum) |
67 |
4,958 |
₹9,96,558 |
|
B-HNI (Minimum) |
68 |
5,032 |
₹10,11,432 |
Anchor Investor Allocation
Anchor bidding took place on August 14, 2026, with 2,52,83,581 shares allotted — 30% of the total issue — raising approximately ₹508.20 crore. Standard lock-in terms apply: 50% of anchor shares are locked in until September 19, 2026 (30 days), and the remaining 50% until November 18, 2026 (90 days).
About Lalithaa Jewellery Mart
Founded in November 1985, Lalithaa Jewellery Mart is a jewellery retail chain with a strong presence across Tier II and Tier III cities in South India. Its product portfolio spans gold, silver, diamond, precious, and semi-precious jewellery, across categories including chains, rings, bangles, necklaces, haaram, drops, sacred idols, pendants, and coins, catering to kids, men, and teenagers.
The company operates two manufacturing facilities — in Thirumudivakkam, Chennai (43,682 sq. ft.) and Maraimalainagar, Kanchipuram (20,000 sq. ft.). As of April 2026, Lalithaa Jewellery operated 63 showrooms across Andhra Pradesh, Karnataka, Tamil Nadu, Telangana, Puducherry, and Chennai.
Objects of the Issue
|
Purpose |
Amount |
|
Setting up 10 new stores — capex (fit-outs, equipment, IT hardware/software) |
₹34.55 crores |
|
Setting up 10 new stores — inventory costs |
₹998.68 crores |
|
General corporate purposes |
Balance amount |
Notably, nearly the entire fresh issue is earmarked for store expansion, with inventory costs alone accounting for the overwhelming majority — a straightforward growth-capital use of proceeds rather than debt reduction.
Financial Performance
|
Period |
Revenue |
Expense |
PAT |
Assets |
|
FY2024 |
₹16,800.62 Cr |
₹16,316.07 Cr |
₹359.83 Cr |
₹5,182.26 Cr |
|
FY2025 |
₹16,907.88 Cr |
₹16,404.58 Cr |
₹364.73 Cr |
₹6,929.68 Cr |
|
FY2026 |
₹25,039.80 Cr |
₹23,679.54 Cr |
₹1,009.82 Cr |
₹10,945.14 Cr |
The FY26 numbers stand out sharply: revenue jumped roughly 48% year-on-year after being nearly flat between FY24 and FY25, while PAT nearly tripled in the same year. This kind of sudden acceleration right ahead of an IPO is worth examining closely against the company's store-count growth and gold price movements during the year, rather than assumed to be a steady, repeatable trend.
How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of the IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
Frequently Asked Questions (FAQs)
Q1. What is the Lalithaa Jewellery Mart IPO price band?
The price band is set at ₹190 to ₹201 per equity share.
Q2. When does the Lalithaa Jewellery Mart IPO open and close?
The IPO opened on August 17, 2026, and closes on August 19, 2026.
Q3. What is the Lalithaa Jewellery Mart IPO lot size?
The minimum lot is 74 shares, requiring an application amount of ₹14,874 at the upper price band.
Q4. What is the total issue size of the Lalithaa Jewellery Mart IPO?
The total issue size is approximately ₹1,700 crores, comprising a fresh issue of ~₹1,200 crores and an offer for sale of up to 2,48,75,621 equity shares.
Q5. What will the IPO proceeds be used for?
The overwhelming majority of the fresh issue — around ₹1,033 crore combined — is earmarked for setting up 10 new stores, covering both capital expenditure and inventory costs.
Q6. What does Lalithaa Jewellery Mart sell?
Lalithaa Jewellery Mart is a South India-focused retailer of gold, silver, diamond, and semi-precious jewellery, operating 63 showrooms as of April 2026 across Andhra Pradesh, Karnataka, Tamil Nadu, Telangana, and Puducherry
