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Lalithaa Jewellery Mart lists at 32% premium, then eases on profit booking
South Indian jewellery retailer Lalithaa Jewellery Mart listed at about a 32% premium after its Rs 1,700 crore IPO. Shares eased after debut amid profit booking; analysts cite strong ROE and valuation but flag inventory-heavy cash flow, GST litigation and promoter-related risks.
Newer report adds to this story , : Shares hit the 5% upper circuit on the NSE, high of ₹336.10.
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Reported figures
From the report. Source details below
| IPO issue price band: | Rs 190-Rs 201 per share |
|---|---|
| BSE listing price: | Rs 265.30, 32% premium to issue price |
| NSE listing price: | Rs 265, 31.84% premium |
| Intraday high: | Rs 274.30, 36.46% above issue price |
| Intraday low cited: | Rs 253.50, 26.11% above issue price |
| Share price at 1:10 PM: | Rs 260.95 |
| IPO subscription: | 62.97 times |
| Fresh issue: | Rs 1,200 crore |
| Offer for sale: | Rs 500 crore |
| Store network: | 61 stores across 51 locations |
| Operating cash flow FY26: | negative Rs 397.7 crore |
| GST dispute: | Rs 1,066 crore |
| ROE: | over 41% |
| Suggested stop loss: | Rs 245 |
The source
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