Lalithaa Jewellery Mart Limited IPO
ListedMainboardDiamond, Gems and Jewellery
76.84×
Subscribed
Price band
₹190 – ₹201
Lot size
74
1 lot = ₹14,874
Issue size
₹1.7k Cr
Open – close
17 Aug 2026
to 19 Aug 2026
Listing
24 Aug 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Strong4 of 7 dimensions read
The disclosed numbers are strong — 3 of 5 signals read positive
Strength74/100
- Steady revenue growthRevenue compounding at 22.1%
- Profit growth outpaces salesPAT up 67.5% a year against revenue at 22.1% — check whether that is operating leverage or a one-off before extrapolating it
- High return on equityROE of 34.5%
- Conservative balance sheetDebt/equity of 0.55×
- Institutions bid heavilyQIB portion subscribed 145.38×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens17 Aug 2026
- Closes19 Aug 2026
- Allotment20 Aug 2026
- Listing24 Aug 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB145.38x
Non-institutionalNII / HNI73.77x
Retail individualRII11.38x
Chance of allotment
Retail11.38× subscribed
~1 in 11.4
Minimum 1 lot · 74 shares · ₹14,874 blocked
Retail is 11.38× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 11.4 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII73.77× subscribed
~1 in 73.8
Minimum 14 lots · 1,036 shares · ₹2,08,236 blocked
HNI is 73.77× subscribed. This category is allotted proportionately, so a bid receives roughly 1/73.8 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹190 – ₹201
Face value₹5
Lot size74shares
Minimum application₹14,874at cut-off
Total issue size₹1.7k Cr
Listing atMainboard
Company & valuation
Return on equity34.47%
Debt / equity0.55×
ISININE0K9O01026
RegistrarLINK
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 16,788.052 | — | 359.833 | 1,564.366 | — |
| 2025 | 16,897.317 | — | 364.726 | 1,925.383 | — |
| 2026 | 25,023.927 | — | 1,009.817 | 2,929.725 | — |
Revenue CAGR 22.1%PAT CAGR 67.5%
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumOur revenues have been significantly dependent on the sale of gold jewellery, which accounted for 92.33%, 94.58% and 93.96% of our revenue from operations for the Financial Years 2026, 2025 and 2024, respectively. Any factors adversely affecting the procurement of gold or our sales of gold jewellery
mediumWe have experienced negative cash flows from operating activities of ₹ 3,977.62 million in Fiscal 2026 and ₹ 180.02 million in Fiscal 2024 due to lower customer enrolment towards the Company’s jewellery schemes and increased settlement of trade payables. We cannot assure you that we will not experie
mediumWe receive advances from our customers under various schemes introduced by us. The amounts received in the schemes amount to more than 10% of our revenue from operations for the respective financial periods. Inability to appropriate such advances received from customers under jewellery purchase sche
mediumOur Company had a total outstanding borrowings of ₹ 12,381.00 million as of June 30, 2026. Our financing agreements contain covenants that limit our flexibility in operating our business. Our inability to meet our obligations, including financial and other covenants under our debt financing arrangem
Litigation
Except as stated below there are no outstanding criminal proceedings, actions taken by regulatory and statutory authorities, disciplinary action including penalty imposed by SEBI or stock exchanges against the Promoter in the last 5 Fiscals, claims related to any direct or indirect taxes, or details of any other pending litigation or arbitration proceedings involving the Relevant Parties, Key Managerial Personnel, or Senior Management.
Positives the filing discloses (2)
Strong revenue growth
Restated revenue CAGR of 22.1%.
Healthy return on equity
ROE of 34.5%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.1%
Listed up
6 of 8
Best
+90.0%
Shanti Inorganics
Worst
-0.7%
Mopshop Distribution
Gaja Alternative Asset Management Limitedsame segment
31.2× sub+15.6%
Juniper Green Energy Limitedsame segment
7.9× sub+8.9%
131.8× sub+90.0%
1.6× sub+0.0%
-0.7%
138.6× sub+22.1%
1.5× sub+6.9%
46.2× sub+13.4%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Lalithaa Jewellery Mart Limited
Lalithaa Jewellery Mart Limited is a jewellery retailer operating under the “Lalithaa” brand, primarily in southern India. Its product portfolio includes gold, silver, and diamond jewellery, along with silverware, with gold jewellery being its primary product category. As of March 31, 2026, the company operated 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Puducherry, covering a total operational area of 650,881 sq. ft. Of these, 45 stores were located in Tier II and Tier III cities. The company also operates two manufacturing facilities in Tamil Nadu—one at Thirumudivakkam, Chennai, and another at Maraimalai, Kanchipuram, operated through its wholly owned subsidiary, Asita Jewellery Manufacturing Private Limited.
Founded 1985MD Mr M. Kiran Kumar JainSector Diamond, Gems and Jewellery
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Lalithaa Jewellery Mart Limited IPO subscribed?
Lalithaa Jewellery Mart Limited is subscribed 76.84× overall (QIB 145.38×, NII 73.77×, retail 11.38×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, LINK.
What is the minimum investment in the Lalithaa Jewellery Mart Limited IPO?
One lot is 74 shares, so a retail application at the ₹201 cut-off price blocks ₹14,874. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Lalithaa Jewellery Mart Limited IPO?
The retail portion is subscribed 11.38×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 11. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Lalithaa Jewellery Mart Limited IPO allotment date?
Allotment is scheduled for 2026-08-20, with listing on 2026-08-24. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, LINK.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.