IPO details · Updated
Lalithaa Jewellery Mart Limited
- Price Band
- ₹190 – ₹201
- Lot Size
- 74 shares
- Min. Investment
- ₹14,874
- Issue Size
- ₹1,700 Cr
- Offer Dates
- 17 Aug – 19 Aug 2026
- Listing
- 24 Aug 2026
Issue Details
- Total Issue Size
- ₹1,700 Cr
- 8,46,08,276 shares
- Fresh Issue
- ₹1,200.18 Cr
- 5,97,32,655 shares
- Offer for Sale
- ₹499.82 Cr
- 2,48,75,621 shares
- Face Value
- ₹5 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 49,99,77,156
- Shares Post-Issue
- 55,97,09,811
IPO Timeline
Offer opens
17 Aug 2026
Offer closes
19 Aug 2026
Allotment
20 Aug 2026
Listing
24 Aug 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor29.9%2,52,83,581 shares
- QIB19.9%1,68,55,721 shares
- HNI14.9%1,26,41,791 shares
- Retail34.9%2,94,97,513 shares
- Employee0.4%3,29,670 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 1,68,55,721 | 2,59,24,36,894 | 153.80x |
| NII | 1,26,41,791 | 98,82,70,222 | 78.17x |
| Retail | 2,94,97,513 | 36,85,09,566 | 12.49x |
| Employee | 3,29,670 | 30,00,922 | 9.10x |
| Total | 5,93,24,695 | 3,95,22,17,604 | 66.62x |
Lot Size & Investment
1 lot = 74 shares
Retail (min)
1 lot · 74 shares
Retail (max)
13 lots · 962 shares
S-HNI (min)
14 lots · 1,036 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 74 | ₹14,874 |
| Small HNI (S-HNI) | 14 | 1,036 | ₹2,08,236 |
| Big HNI (B-HNI) | 68 | 5,032 | ₹10,11,432 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 10,945.14 | 6,929.68 | 5,182.26 |
| Total Income | 25,039.8 | 16,907.88 | 16,800.62 |
| Profit After Tax | 1,009.82 | 364.73 | 359.83 |
| Net Worth | 3,033.14 | 2,028.8 | 1,667.78 |
| Reserves & Surplus | 2,679.74 | 1,675.39 | 1,552.46 |
| Total Borrowing | 1,604.14 | 949.26 | 824.18 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| RoNW (%) | 39.9 |
| EPS (₹) | 20.2 |
| P/E (pre-issue) | 9.95 |
| P/E (post-issue) | 11.14 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Lalitha Jewellery Mart Limited | — | 39.9% |
| Kalyan Jewellers India Limited | 46.85 | 24.63% |
| Manoj Vaibhav Gems N Jewellers Limited | 7.12 | 14.82% |
| PC Jeweller Limited | 9.26 | 10.32% |
| P N Gadgil Jewellers Limited | 22.18 | 23.21% |
| Senco Gold Limited | 11.5 | 26.07% |
| Thangamayil Jewellery Limited | 46.26 | 27.93% |
| Titan Company Limited | 85.25 | 36.48% |
| Tribhovandas Bhimji Zaveri Limited | 9.14 | 27.06% |
About Lalithaa Jewellery Mart Limited
Incorporated in November 1985, Lalithaa Jewellery Mart Limited is a jewellery retail company with a strong regional presence across South India, catering primarily to the mass and value-conscious customer segment. The Company offers a diverse range of gold, silver, diamond, precious and semi-precious jewellery, with a focus on quality, craftsmanship and original designs. The Company has established strong brand acceptance in Tier II and Tier III cities across southern India. The Company operates through Large Format Stores and Medium Format Stores, which support its retail expansion and scale. It follows an asset-light retail business model with backward integration, supported by efficient inventory management and quality control processes. The Company also offers a diverse range of jewellery schemes, contributing to its robust customer base. Lalithaa Jewellery Mart serves customers through its retail network, offering jewellery products across various categories and designs. The Company focuses on catering to the preferences of mass and value-conscious consumers while strengthening its presence in high-growth South Indian markets. As of March 31, 2026, the Company had 7,059 employees across senior management, managerial, sales, security, administration, back-office and other functions. Key Strengths Strong regional presence with deep penetration in high-growth South Indian markets. Brand catering to the mass and value-conscious segment with own manufacturing. Strong brand pull in Tier II and Tier III cities with focus on quality, craftsmanship and original designs. Large Format Stores and Medium Format Stores driving scale. Robust customer base owing to diverse range of jewellery schemes. Asset-light retail business model with backward integration, efficient inventory management and quality control processes. Experienced promoter and management team with proven execution capabilities
Objects of the Issue
- 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 Cr)
- Funding expenditure towards setting-up of 10 New Stores: (b) Expenditure towards inventory costs for setting up of New Stores (₹998.68 Cr)
- General corporate purposes (₹84.58 Cr)
- Issue Expenses (₹116.48 Cr)
Promoters
- <p>M.Kiran Kumar Jain
- Hemaa Kiran Kumar Jain</p>
Company Information
- Book running lead managers
- Anand Rathi Advisors Ltd.
- Equirus Capital Ltd.
- Registered office
- 123, Usman Road,, T. Nagar,, Chennai, Chennai, Tamil Nadu, 600017
Official Documents
Opens the source filing in a new tab
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