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Lalithaa Jewellery seeks ₹1,700 crore IPO to fund 10 new stores

South India jewellery retailer Lalithaa Jewellery Mart launches a ₹1,700 crore IPO, with most fresh proceeds funding 10 new stores. The 61-store chain reported strong FY26 revenue and profit growth, while brokerages flagged gold-price exposure, negative operating cash flow and a GST dispute.

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Store and format facts

From the report. Source details below

Price band: ₹190-201 per share
61 existing stores across 51 southern Indian cities
₹508.2 crore raised from 22 anchor investors
FY26 revenue: ₹25,023.9 crore, up 48.1% YoY
FY26 net profit: ₹1,009.8 crore, up 177% YoY
FY26 EBITDA margin: 6.5%
Proposed valuation: around ₹11,250 crore

Also in the report

  • Up to ₹500 crore offer for sale
  • ₹1,033.2 crore of net proceeds earmarked for new stores

Other figures

  • ₹1,200 crore fresh issue
  • ₹1,066 crore GST dispute

The source

Source Read the source at CNBC-TV18

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Also reported by Mint

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