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Lalithaa Jewellery IPO draws 66.6x demand; ₹1,200 crore fresh issue targets expansion

Lalithaa Jewellery Mart’s ₹1,700-crore IPO was subscribed 66.63 times and is expected to list at an implied 29.35% premium. Fresh proceeds will fund store-network expansion across southern India, where it operates 61 jewellery outlets.

Newer report , , Hindustan Times : Lalithaa Jewellery Mart closes 24% above IPO price in market debut

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  1. Lalithaa Jewellery Mart raises Rs 1,700 crore in July–September IPO wave, , Business Today
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Reported figures

From the report. Source details below

  • ₹201 per share upper price band
  • ₹260 indicated listing price
  • 154 times QIB subscription
  • 78 times NII subscription
  • 12.51 times retail subscription
  • 9.10 times employee subscription
  • 60.25% FY26 revenue from Tier II and III cities
  • 177% YoY profit growth to ₹1,009.8 crore in FY26
  • 48.1% revenue growth to ₹25,023.9 crore in FY26

Other figures

  • ₹59 GMP
  • ₹500 crore OFS

The source

Source Read the source at Mint Published

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