Lalithaa Jewellery Mart IPO allotment expected today; GMP at 27% — Here’s how to check status
The IPO, which opened for subscription on August 17 and closed on August 19, received an overwhelming response, with the issue subscribed 62.97 times overall. Investors bid aggressively for a significant portion of the 6.27 crore shares on offer.
Investors in the Lalithaa Jewellery Mart IPO can expect the share allotment to be finalized today, Thursday, August 20. The grey market premium, currently around 27%, indicates strong investor expectations ahead of the company's listing. To check the application status, investors can visit the MUFG Intime India IPO allotment page, the NSE IPO Allotment page, or the BSE IPO application check page, entering their PAN, application number, or DP/Client ID.
The IPO, which opened for subscription on August 17 and closed on August 19, saw a subscription of 62.97 times overall, with the QIB segment leading the pack at 145.38 times. Lalithaa Jewellery Mart has proposed to use the net proceeds for a retail expansion, setting up 10 new stores, and investing in inventory. The company's financial performance in FY26 showed a 48% increase in total income and a 177% surge in profit after tax.
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.
