Lalithaa Jewellery to restart roadshows for stalled ₹1,700-cr IPO within 1-2 months
Chennai-based gold retailer revives IPO plans after governance and promoter-fee concerns stalled the issue. Refiling will update FY25 numbers (revenue ₹16,901 cr, profit base of ₹360 cr in FY24). H1FY26 revenue already at ₹11,316 cr signals momentum, but ₹600 cr legal overhang and ₹1,000 cr tax demand cloud appetite test for organized gold retail.
What happened
Chennai-based Lalithaa Jewellery plans to restart roadshows for its stalled ₹1,700-crore IPO in 1-2 months, after governance and promoter-fee concerns paused
Key facts
- ₹1,700 crore IPO
- ₹16,901 crore FY25 revenue
- ₹11,316 crore H1FY26 revenue
- ₹360 crore FY24 profit
- ₹600 crore legal proceedings
- ₹1,000 crore tax demand
- 70-75% gold jewellery revenue share
Why this matters
Lalithaa's revival signals the South India gold-retail IPO window is reopening, pressuring peers like Kalyan and Joyalukkas franchises to accelerate their own capital-market or consolidation moves within the 1-2 month roadshow runway.