Lalithaa Jewellery Mart came to market through an IPO that opened on 17 August 2026 and closed on 19 August 2026, and the shares listed on 24 August 2026 on BSE, NSE. The price band was ₹190 to ₹201 per share and one lot was 74 shares, so the minimum application was ₹14,874. The issue size was ₹1700 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹265, a gain of 31.8% against the issue price of ₹201. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Anand Rathi Advisors Ltd., Equirus Capital Ltd were the lead managers.
As of 19 August 2026.
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Overall the issue was subscribed 66.62 times.
Lalitha Jewellery Mart is a South Indian jeweller retailing a variety of jewellery products comprising gold jewellery, silver jewellery and diamond jewellery under the brand name, Lalithaa. It predominantly offers exquisite jewellery products of gold jewellery including rings, earrings, pendants, necklaces, chains, bangles, bracelets and so forth. In the financial year 2024, Lalitha Jewellery Mart has earned 93.96% of its revenues from gold jewellery.
It has a strong market footprint in Tamil Nadu, Telangana, Karnataka and the Union Territory of Puducherry. As at December 31, 2024, it has 56 stores in 46 cities having a cumulative area of each store of more than 5,000 sq. ft. Majority of its stores are strategically positioned in the southern regions in Tier II and III cities to target high growth markets.
It has two manufacturing facilities at Thirumudivakkam in Chennai and Maraimalai in Kanchipuram over an area of 43,681.96 sq. ft. and 20,000.00 sq. ft. respectively.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Lalithaa Jewellery Mart Limited finalised its anchor investor allocation on August 14, 2026, raising ₹508.20 crore from 22 institutional investors at an anchor price of ₹201 per share. The anchor book comprises 2,52,83,581 equity shares, with domestic mutual funds receiving 45.26% of the allocation through 4 fund houses across 9 schemes, including ICICI Prudential Mutual Fund, Bandhan Mutual Fund, Samco Mutual Fund, and Bank of India Mutual Fund.
Life insurance companies received 8.50%, comprising Kotak Mahindra Life Insurance and Bajaj Life Insurance. Leading foreign and alternative investors include Goldman Sachs Bank Europe SE at 19.68%, Sanshi Fund – I at 4.92%, Morgan Stanley India Investment Fund at 4.27%, and Lords Multigrowth Fund at 3.94%.
M.Kiran Kumar Jain, Hemaa Kiran Kumar Jain. Promoter holding 97.72% before the issue and 82.85% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Lalithaa Jewellery Mart IPO was a ₹1,700 crore book-built issue, comprising a fresh issue of ₹1,200 crore and an offer for sale of ₹500 crore. It was priced at ₹190–₹201 per share with a lot size of 74 shares (₹14,874). The IPO was open from August 17 to August 19, 2026 and was subscribed 66.62x. Shares listed on BSE and NSE on August 24, 2026 at ₹265, a 31.8% premium to the issue price of ₹201. MUFG Intime India Pvt.
Ltd. is the registrar. Anand Rathi Advisors Ltd. and Equirus Capital Ltd. are the book running lead managers.
The price band of Lalithaa Jewellery Mart IPO is ₹190 to ₹201 per share.
The lot size of Lalithaa Jewellery Mart IPO is 74 shares.
The minimum investment for Lalithaa Jewellery Mart IPO is approximately ₹14,874 based on the upper price band.
The allotment date of Lalithaa Jewellery Mart IPO is Aug 20, 2026.
No GMP quote could be verified as recorded before Lalithaa Jewellery Mart IPO listed. A grey-market observation of ₹70 per share was recorded on 24 Aug 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹265. GMP is unofficial and does not forecast or guarantee the actual listing price.
Lalithaa Jewellery Mart IPO listed on Aug 24, 2026. It was issued at ₹265.0(NSE) and is currently around ₹358.05 as on 30-Oct-2026 3:30 PM, which is approximately 78.1% versus issue price. The 52-week high is ₹414.10.
You can check Lalithaa Jewellery Mart IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Lalithaa Jewellery Mart IPO allotment status on Rupix for quick and easy access.
₹190 to ₹201 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 74 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,874.
₹14,874, for one lot of 74 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 17 August 2026 and closed on 19 August 2026.
The basis of allotment was published on 20 August 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 August 2026 on BSE, NSE, opening at ₹265.
The issue size was ₹1700 crore. The fresh issue was 5,97,32,655 shares (aggregating up to ₹1200 crore). The offer for sale was 2,48,75,621 shares (aggregating up to ₹500 crore).
It listed at ₹265 against an issue price of ₹201, a gain of 31.8 percent on listing day.