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Lalithaa Jewellery Mart IPO GMP signals 14.9% potential listing gain

South India-focused jewellery retailer Lalithaa Jewellery Mart’s Rs 1,700 crore IPO showed a Rs 30 grey-market premium, implying a 14.93% listing gain, versus Horizon Industrial Parks’ 2.83%. Lalithaa’s Day 2 subscription stood at 0.82 times.

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

Lalithaa fresh issue: Rs 1,200 crore
Lalithaa OFS: Rs 500 crore
Lalithaa price band: Rs 190-Rs 201 per share
Lalithaa implied listing price: Rs 231
Horizon Industrial Parks IPO size: Rs 2,600 crore
Horizon price band: Rs 57-Rs 60 per share
Horizon GMP: Rs 1.7
Horizon Day 2 subscription: 0.15 times

The source

Source Read the source at NDTV Profit Published

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