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Lalithaa Jewellery seeks ₹1,700 crore IPO as cash-flow and GST risks cloud growth case

South India-focused jewellery retailer Lalithaa Jewellery Mart plans a ₹1,700 crore IPO to fund 10 new branches. Broker views are mixed, citing strong growth and value pricing against risks from negative FY26 cash flow, gold-price-driven margins, and a ₹1,066 crore GST dispute.

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

61 stores across 51 cities

Also in the report

  • ₹190-201 per-share price band
  • ₹397.7 crore negative FY26 operating cash flow

Other figures

  • ₹1,200 crore fresh issue
  • ₹500 crore OFS
  • ~₹11,250 crore valuation
  • 19% grey-market premium

The source

Source Read the source at Business Standard

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