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Lalithaa Jewellery Mart IPO draws 14.2x subscription, funds 10-store expansion

South India-focused jewellery retailer Lalithaa Jewellery Mart’s Rs 1,700-crore IPO closes Aug. 19. Fresh proceeds will fund 10 new stores and inventory, supporting expansion. The issue was subscribed 14.20 times intraday, while grey-market premium implied a 22.14% listing gain.

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

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Reported figures

From the report. Source details below

Price band: Rs 190-201 per share
GMP: Rs 44.5
Subscription: 14.20x as of Aug. 19, 1:10 p.m.
FY26 total income: Rs 25,039.80 crore
FY26 PAT: Rs 1,009 crore

Also in the report

  • Rs 1,200 crore fresh issue
  • Rs 500 crore offer for sale
  • Rs 998.68 crore for inventory

The source

Source Read the source at NDTV Profit Published

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Note Information, not investment advice. RetailIntel is not registered with SEBI.