Lalithaa Jewellery Mart Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 62.04x | 42,139,302 | 2,614,520,936 | ₹847 Cr |
| NII (HNI) | 77.88x | 12,641,791 | 984,551,130 | ₹254 Cr |
| Retail | 12.14x | 29,497,513 | 358,207,064 | ₹593 Cr |
| Employee | — | 329,670 | — | ₹7 Cr |
| Σ Total | 1.12x | 329,670 | 370,740 | ₹7 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 74 | ₹14,874 |
| Retail (Max) | 13 | 962 | ₹193,362 |
| S-HNI (Min) | 14 | 1,036 | ₹208,236 |
| B-HNI (Min) | 67 | 4,958 | ₹996,558 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 25,040 | 16,908 | 16,801 |
| Profit After Tax | 1,010 | 365 | 360 |
| Net Worth | 3,033 | 2,029 | 1,668 |
| Total Assets | 10,945 | 6,930 | 5,182 |
| Reserves & Surplus | 2,680 | 1,675 | 1,552 |
| Total Borrowing | 1,604 | 949 | 824 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
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
- Funding expenditure towards setting-up of 10 New Stores: (b) Expenditure towards inventory costs for setting up of New Stores – 998.68
- General corporate purposes –
Company Overview
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