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Lalithaa Jewellery Mart IPO
Price Band
₹190.0–201.0
Issue Size
₹1700.0 Cr
Lot Size
74 shares
Min Investment
₹14,874
GMP
+₹75.0 (37.31%)
Issue Price
₹201.0
Subject to Sauda
₹4200
Paid only if allotted
Lalithaa Jewellery Mart IPO AI Summary
- Lalithaa Jewellery Mart IPO is listed on BSE, NSE in the Gems, Jewellery And Watches sector.
- Price band: ₹190.0–₹201.0 per share, lot size 74 shares (min. investment ₹14,874).
- Subscription window: 17 Aug–19 Aug 2026, listing on 24 Aug 2026.
- Current GMP is +₹75.0 (37.31%), an estimated listing price of ₹276 — unofficial and can change daily.
Lalitha Jewellery Mart is a rapidly growing jewellery retailer with a strong focus on gold jewellery and a significant presence in southern India. The company is seeking to expand its operations through this IPO, which has garnered substantial interest from investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Lalithaa Jewellery Mart IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Aug 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
66.63x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
153.80x
|
154x 🔥 |
| NII (HNI) |
78.17x
|
78x ✓ |
| ↳ bNII (>₹10L) |
90.47x
|
90x ✓ |
| ↳ sNII (<₹10L) |
53.59x
|
54x ✓ |
| Retail (RII) |
12.51x
|
13x ✓ |
| Employee |
9.10x
|
9.10x |
| Total | 66.63x | 66.63x |
Auto-updated every 5 min · As of 19th Aug 2026 18:55
Lalithaa Jewellery Mart IPO Grey Market Premium (GMP) Today
GMP
+₹75.0
GMP %
+37.31%
Est. Listing
₹276.0
Updated: 24 Aug 2026 06:15
GMP Trend (Last 14 Days)
About the Company
Lalitha Jewellery Mart is a South Indian jewellery retailer, offering a diverse range of jewellery products, including gold jewellery, silver jewellery, and diamond jewellery under the brand name, "Lalithaa". It primarily sells exquisite designs of gold jewellery products i.e., rings, earrings, pendants, necklaces, chains, bangles, bracelets, etc. In fiscal 2024, the company has received 93.96% of its revenues from gold jewellery. It has a strong market presence in Tamil Nadu, Telangana, Karnataka, and the Union territory of Puducherry. As of December 31, 2024, the company has 56 stores in 46 cities with an aggregate area of each store of more than 5,000 sq. ft. Majority of these stores are strategically located in the southern regions in Tier II and III cities to focus on high-growth potential markets. The company operates two manufacturing facilities in Thirumudivakkam, Chennai and Maraimalai, Kanchipuram, across an area of 43,681.96 sq. ft. and 20,000.00 sq. ft. Additionally, it also offers various jewellery schemes such as "Dhana Vandhanam" for a monthly investment from ₹1000 to ₹ 10,000 and "Free-yo-Flexi’ with monthly investment of ₹1,000 to ₹25,000. As of Dec 31, 2024, it has 420,261 active customers under the schemes. Competitive Strengths Second fastest growing regional jewellery player amongst key organised jewellery players in India, in terms of operating revenue growth from Fiscals 2022 to 2024 Significant presence in Tier II and III cities in Southern India Large format stores and medium format stores to drive sales Robust customer base owing to a diverse range of jewellery schemes Experienced Promoter and management team
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 10,945.14 | 6,929.68 | 5,182.26 |
| Total Income | 25,039.80 | 16,907.88 | 16,800.62 |
| Profit After Tax | 1,009.82 | 364.73 | 359.83 |
| NET Worth | 3,033.14 | 2,028.80 | 1,667.78 |
| Reserves and Surplus | 2,679.74 | 1,675.39 | 1,552.46 |
| Total Borrowing | 1,604.14 | 949.26 | 824.18 |
Key Ratios
EPS
₹20.20
NAV
₹58.60
ROE
41.60%
ROCE
42.60%
RoNW
39.90%
P/B Value
3.43
P/E Ratio
9.95
Market Cap
₹11250.17 Cr
PAT Margin
4.04%
Debt/Equity
0.53
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Tribhovandas Bhimji Zaveri Limited | 125.6 | 27.06% | 9.14 | 30.32 | 30.32 |
| Titan Company Limited | 179.75 | 36.48% | 85.25 | 57.19 | 57.16 |
| Thangamayil Jewellery Limited | 455.6 | 27.93% | 46.26 | 113.14 | 113.14 |
| Senco Gold Limited | 153.45 | 26.07% | 11.5 | 35.08 | 35.06 |
| P N Gadgil Jewellers Limited | 144.63 | 23.21% | 22.18 | 30.2 | 30.2 |
| PC Jeweller Limited | 9.45 | 10.32% | 9.26 | 1 | 0.83 |
| Manoj Vaibhav Gems N Jewellers Limited | 170.6 | 14.82% | 7.12 | 23.54 | 23.54 |
| Kalyan Jewellers India Limited | 61.09 | 24.63% | 46.85 | 13.08 | 13.05 |
| Lalitha Jewellery Mart Limited This IPO | 58.6 | 39.9% | — | 20.2 | 20.2 |
Promoters
M.Kiran Kumar Jain, Hemaa Kiran Kumar Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 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 2 Funding expenditure towards setting-up of 10 New Stores: (b) Expenditure towards inventory costs for setting up of New Stores 998.68 3 General corporate purposes Total 1,033.23
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹16,800.62 Cr in the year ending 31 Mar 2024, rising to ₹16,907.88 Cr by 31 Mar 2025, and further increasing to ₹25,039.80 Cr by 31 Mar 2026. This shows a significant upward trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹359.83 Cr for the year ending 31 Mar 2024, increasing to ₹364.73 Cr by 31 Mar 2025. By 31 Mar 2026, it rose further to ₹1,009.82 Cr. This indicates a strong growth in profitability over the observed periods.
Valuation
At the issue price of ₹201.0, Lalitha Jewellery Mart has an implied P/E ratio of 9.95, while its peers trade in a P/E range of approximately 7.12 to 85.25.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is the difference between the expected listing price and the issue price of an IPO in the unofficial market. A positive GMP indicates that the stock is expected to list at a higher price than its issue price, suggesting strong demand among investors.
Subscription Demand
As of 19th Aug 2026, the IPO was subscribed 66.63 times overall. The institutional category saw the highest demand, with Qualified Institutional Buyers (QIB) subscribing 153.8 times their allotted shares, while Retail Individual Investors (RII) subscribed 12.51 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and financial health.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may wish to avoid this IPO, as it operates in a competitive and fluctuating market.
IPO Timeline, Explained
The IPO opens for subscription on 17th August 2026 and closes on 19th August 2026. Allotment of shares is expected on 20th August 2026, with the listing date set for 24th August 2026.
Listing Gains — The Risk
Investing in IPOs carries the risk of price volatility on the listing day. While some investors may experience gains, others might face losses if the stock price falls below the issue price after listing.
This evaluation is generated from Lalithaa Jewellery Mart's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Lalithaa Jewellery Mart IPO GMP today?
Lalithaa Jewellery Mart IPO GMP today is +₹75.0 (37.31%), indicating an estimated listing price of ₹276. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Lalithaa Jewellery Mart IPO?
The price band of Lalithaa Jewellery Mart IPO is ₹190.0–₹201.0 per share.
When does Lalithaa Jewellery Mart IPO open and close?
Lalithaa Jewellery Mart IPO opens on 17 August 2026 and closes on 19 August 2026.
When does Lalithaa Jewellery Mart IPO list on the stock exchange?
Lalithaa Jewellery Mart IPO listed on 24 August 2026 at ₹276.0.
What is the lot size for Lalithaa Jewellery Mart IPO?
The lot size for Lalithaa Jewellery Mart IPO is 74 shares, requiring a minimum investment of ₹14,874.
What is the price band for Lalitha Jewellery Mart's IPO?
The price band for the IPO is ₹190.0 to ₹201.0.
What is the minimum investment required?
The minimum investment required is ₹14,874, which corresponds to one lot of 74 shares.
What is the expected listing date for the IPO?
The expected listing date is 24th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected premium or discount of the stock in the unofficial market before its listing.
How much was the IPO subscribed as of 19th August 2026?
The IPO was subscribed 66.63 times overall.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
17 Aug 2026
Close
19 Aug 2026
Allotment
20 Aug 2026
Listing
24 Aug 2026
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