Lalithaa Jewellery’s 1,700-crore IPO opens today at ₹190-201 price band
Investors can bid for a minimum of 74 Equity Shares and in multiples of 74 Equity Shares thereafter.
The ₹1,700-crore IPO for Lalithaa Jewellery Mart Ltd opens at a price band of ₹190-₹201 today, with a maximum issuance of up to ₹1,200 crore. Promoter M Kiran Kumar Jain is offering up to ₹500 crore through an offer-for-sale. Investors can bid for a minimum of 74 shares in multiples of 74. The IPO is being conducted through a book-building process, with various investor categories allocated specific portions.
Anchor investors, including Goldman Sachs Bank Europe SE, Morgan Stanley, and Kotak Mahindra Life Insurance Company, have already allocated significant shares at ₹201 per share. The proceeds are intended to fund capital expenditure for new stores and general corporate purposes. Established in 1985, the company has a strong presence in the South Indian jewellery market, operating 61 stores in six southern states.
Its revenue grew from ₹16,788.05 crore in FY24 to ₹25,023.93 crore in FY26, with a net profit of ₹1,009.82 crore during the same period. Lalithaa Jewellery aims to open 10 new stores using IPO funds, expanding its footprint in high-growth Tier II and III cities.
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