Lalithaa Jewellery Mart Limited IPO — Subscription & GMP
- Price band
- ₹190 – ₹201
- Lot size
- 74
- Issue size
- ₹1,261.5 Cr
- Bidding
- 17 Aug 2026 → 19 Aug 2026
- Allotment
- —
- Listing
- 24 Aug 2026
Listing outcome
Official exchange pricesGMP was out by 7.0 percentage points in the buyer’s favour — it implied +24.88% and the issue listed +31.84%. Counted in our running GMP accuracy record.
Schedule
- 17 Aug 2026IPO open date
- 19 Aug 2026IPO close date
- 20 Aug 2026Allotment date†
- 20 Aug 2026Funds unblock or debit†
- 24 Aug 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsBusiness Model of Lalithaa Jewellery Mart Limited
Lalithaa Jewellery Mart Limited operates as a prominent South India-focused retail jeweller catering primarily to the mass and value-conscious consumer segment under the "Lalithaa" brand.
- Core Offerings: The company offers a broad portfolio of BIS-hallmarked gold, silver, and diamond jewellery, with gold standing as its dominant product, contributing over 92% of its operating revenue.
- Asset-Light Retail Strategy: It operates on a high-volume, asset-light retail model, where the vast majority of its stores are operated on a lease-and-license basis rather than being owned outright. Its store network strategically targets high-growth Tier-II and Tier-III cities across southern states like Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka.
- Backward Integration: The company enhances its profit margins and controls product quality through backward integration, operating two dedicated manufacturing facilities in Tamil Nadu supported by hundreds of exclusive karigars (artisans).
- Customer Retention (Savings Schemes): A central pillar of its business model is its diverse jewellery savings schemes. These programs encourage continuous customer engagement, drive repeat footfall, and generate substantial customer advances that help fund inventory and operations.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹20.20 | — |
| P/E ratio | 9.95× | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 792 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 1.78 Cr | 180.24 Cr | 101.08× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 48.28 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 90.60 Cr | — |
| 1(c)Mutual funds | — | 5.45 Cr | — |
| 2Non Institutional Investors | 1.34 Cr | 84.19 Cr | 62.95× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 89.16 L | 65.95 Cr | 73.97× |
| 2.1(c)Others | — | 2.86 Cr | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 44.58 L | 18.24 Cr | 40.91× |
| 2.2(a)Corporates | — | 3.95 L | — |
| 2.2(b)Individuals(Other than RIIs) | — | 17.57 Cr | — |
| 3Retail Individual Investors(RIIs) | 3.12 Cr | 29.26 Cr | 9.38× |
| 3(b)Price bids | — | 4.20 Cr | — |
| 4Employees | 3.51 L | 25.48 L | 7.26× |
| 4(a)Cut Off | — | 21.27 L | — |
| 4(b)Price Bids | — | 4.21 L | — |
| Total | 6.28 Cr | 293.95 Cr | 46.84× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹190 → ₹201 · peak 395.41 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
The allocation table for this issue could not be read reliably from the filing, so nothing is reproduced here.
Equity split
Fresh equity vs offer for sale- Fresh equity
- ₹1.20k Cr 70.6%
- Offer for sale
- ₹500.00 Cr 29.4%
- Total issue size
- ₹1.70k Cr
Read from the issue size stated in NSE's filing.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹190 – ₹201
- Lot size
- 74 shares
- Min. bid quantity
- 74
- Face value
- ₹5.00
- Tick size
- ₹1.00
- Shares offered
- 6.28 Cr
- Issue size
- ₹1261.5 Cr
- Max bid · QIB
- 6.24 Cr
- Max bid · NII
- 4.46 Cr
- Employee discount
- Employee Discount of Rs 19 to Eligible Employees
Timeline & process
- Bidding opens
- 17 Aug 2026
- Bidding closes
- 19 Aug 2026
- Bidding hours
- 10.00 am to 5.00 pm
- UPI mandate cutoff
- 19-August-2026 (Upto 5.00 pm)
- Allotment
- —
- Listing
- 24 Aug 2026
Intermediaries
- Registrar
- MUFG Intime India Private Limited
- Sponsor bank
- AXIS BANK
- Lead managers
- Anand Rathi Advisors Limited, Equirus Capital Limited