Lalithaa Jewellery, Shankesh and Augmont line up IPOs worth nearly Rs 2,900 crore
Jewellery retailers Lalithaa Jewellery Mart and Shankesh Jewellers, plus precious-metals platform Augmont Enterprises, are among seven companies slated to open IPOs in the August 17–21 window. Lalithaa aims to raise Rs 1,700 crore, Augmont Rs 825 crore and Shankesh Rs 367 crore.
What happened
Jewellery retailers Lalithaa Jewellery Mart and Shankesh Jewellers, alongside integrated precious-metals platform Augmont Enterprises, are among seven companies
Key facts
- Seven IPOs seek to raise more than Rs 6,400 crore collectively
- Lalithaa Jewellery Mart: Rs 1,700 crore IPO, including Rs 1,200 crore fresh issue and Rs 500 crore OFS; price band Rs 190-201
- Shankesh Jewellers: Rs 367 crore IPO; price band Rs 88-93
- Augmont Enterprises: Rs 825 crore IPO, including Rs 620 crore fresh issue and Rs 205 crore OFS
Why this matters
The IPO pipeline establishes fresh valuation benchmarks for jewellery and gold-platform businesses, likely influencing acquisition pricing, partnership interest and private-company exit expectations.