Lalithaa Jewellery Mart's Rs 1,700-cr IPO opens: GMP signals 15% premium. Should you subscribe?
Lalithaa Jewellery Mart has fixed the IPO price band at Rs 190–Rs 201 per share. The Rs 1,700-crore issue comprises a fresh issue of Rs 1,200 crore and an offer for sale (OFS) of Rs 500 crore by promoter and founder Kiran Kumar Jain.
The Lalithaa Jewellery Mart IPO opened on August 17, 2026, for a three-day subscription period. The issue, valued at Rs 1,700 crore, has already attracted a 15% premium in the grey market, signaling strong investor interest. Lalithaa Jewellery Mart, a Chennai-based jewellery retailer, has fixed the IPO price band at Rs 190–Rs 201 per share.
The company plans to use the proceeds for a significant retail expansion, setting up ten new stores across South India, which is expected to account for 40% of total demand by 2030. With strong financial performance in FY26, including a 48% increase in income and 177% surge in profit after tax, analysts consider the IPO a potential long-term investment opportunity.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
