The Lalithaa Jewellery Mart IPO opened for subscription on August 17, 2026.
The ₹1,700 crore issue will remain open for investors until August 19.
On the first day of bidding, the IPO received a mixed response. As of 12:54 PM, the issue was subscribed 0.26 times, with investors bidding for 1.61 crore shares against 6.28 crore shares on offer.
The employee category received the strongest response and was already fully subscribed, while the retail portion also saw relatively better demand.
Lalithaa Jewellery Mart IPO Day 1 Subscription Status
Here is how the different investor categories performed as of 12:54 PM:
Qualified Institutional Buyers (QIBs): 0.00 times
Non-Institutional Investors (NIIs): 0.22 times
Retail Investors: 0.41 times
Employees: 1.04 times
Overall: 0.26 times
The employee portion was subscribed 1.04 times, with bids for 3.66 lakh shares against 3.51 lakh shares reserved for employees.
Retail investors had placed bids for 1.28 crore shares against 3.12 crore shares available for them.
The QIB category, however, had received only 2,072 bids against more than 1.78 crore shares on offer at that point.
Since the IPO will remain open until August 19, the subscription numbers could change significantly in the coming days.
What Are the Key Details of the IPO?
The Lalithaa Jewellery Mart IPO is a book-building issue worth ₹1,700 crore.
It includes a fresh issue of 5.97 crore shares worth ₹1,200 crore and an offer for sale (OFS) of 2.49 crore shares worth ₹500 crore.
The price band has been fixed at ₹190 to ₹201 per share, while the lot size is 74 shares.
At the upper price band of ₹201, retail investors will need a minimum of ₹14,874 to apply for one lot.
The shares are proposed to be listed on both the BSE and NSE.
Lalithaa Jewellery Mart IPO Important Dates
IPO opening: August 17, 2026
IPO closing: August 19, 2026
Price band: ₹190–₹201 per share
Lot size: 74 shares
Minimum retail investment: ₹14,874
Face value: ₹5 per share
Issue size: ₹1,700 crore
Issue structure: Fresh issue + OFS
Tentative allotment: August 20
Expected refund: August 21
Expected share credit: August 21
Tentative listing: August 24
Employee discount: ₹19 per share
How Is the IPO Quota Divided?
The total issue consists of 8.46 crore shares. After the employee reservation, the net offer to the public is around 8.43 crore shares.
Of the net public offer, 50% is reserved for QIBs, while NIIs have been allocated 15%.
Retail investors have received the largest individual reservation, with 35% of the net offer reserved for them.
Up to 3.30 lakh shares have also been reserved for employees. Eligible employees will get these shares at a ₹19 discount to the issue price.
Where Will Lalithaa Jewellery Mart Use the IPO Money?
A major portion of the IPO proceeds will be used to expand the company’s retail network.
The company plans to open 10 new jewellery stores.
It has set aside around ₹34.55 crore for capital expenditure related to these stores, including furniture, equipment and IT infrastructure.
Another ₹998.68 crore has been earmarked for inventory requirements for the 10 new stores.
The remaining funds will be used for general corporate purposes.
The expansion is expected to help Lalithaa Jewellery Mart increase its store network and strengthen its position in the jewellery market.
What Does Lalithaa Jewellery Mart Do?
Lalithaa Jewellery Mart was incorporated in November 1985 and has a strong presence in South India.
The company mainly targets mass-market and value-conscious customers. Its product range includes gold, silver, diamond, precious and semi-precious jewellery.
It has stores across Tier II and Tier III cities in southern India and focuses on quality, craftsmanship and jewellery designs.
Strong Growth in Revenue and Profit
The company reported significant financial growth in FY26.
Its total income increased to ₹25,039.80 crore in FY26 from ₹16,907.88 crore in FY25.
More notably, profit after tax jumped to ₹1,009.82 crore, compared with ₹364.73 crore a year earlier.
This represents a sharp increase in profitability during the year.
| Financial Year | FY26 | FY25 | FY24 |
|---|---|---|---|
| Assets | ₹10,945.14 crore | ₹6,929.68 crore | ₹5,182.26 crore |
| Total Income | ₹25,039.80 crore | ₹16,907.88 crore | ₹16,800.62 crore |
| Profit After Tax | ₹1,009.82 crore | ₹364.73 crore | ₹359.83 crore |
| Net Worth | ₹3,033.14 crore | ₹2,028.80 crore | ₹1,667.78 crore |
| Total Borrowings | ₹1,604.14 crore | ₹949.26 crore | ₹824.18 crore |
Who Are the IPO’s Lead Manager and Registrar?
Anand Rathi Advisors is the book-running lead manager for the IPO.
MUFG Intime India is acting as the registrar.
With the issue open until August 19, investors will be closely watching whether demand from retail, institutional and non-institutional investors increases during the remaining subscription period.
