{
  "id": 1719948,
  "title": "Lalithaa Jewellery IPO Day 2: Subscribed 3.07x overall",
  "url": "https://urgent.news/2026/08/18/lalithaa-jewellery-ipo-day-2-subscribed-3-07x-overall",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T13:51:02.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/lalithaa-jewellery-ipo-day-2-subscribed-307x-overall/article71360338.ece"
  },
  "original_language": "en",
  "account": "On the second day of the Lalithaa Jewellery Mart Limited IPO, overall subscription surged to 3.07 times, a dramatic improvement from just 0.69 times at the close of Day 1. This marked a significant increase in investor appetite across all categories, with total bids received at 19,26,08,310 shares compared to 6,27,61,403 shares on offer. Non-institutional investors spearheaded the rally, subscribing 6.46 times their reserved portion for 8,64,17,422 shares. Within this group, high-value applicants bidding above ₹10 lakh showed the most interest, subscribing 6.66 times their allocation, while those in the ₹2 lakh to ₹10 lakh range subscribed 6.07 times. Retail individual investors also reached a fully subscribed status, with 2.78 times the demand for 8,68,52,172 shares. Qualified institutional buyers (QIBs) crossed the mark on Day 2 with a subscription of 1.02 times. Foreign institutional investors contributed 1,18,88,396 shares within the QIB category, while the “Others” subcategory contributed 63,62,890 shares, a significant increase from Day 1. The IPO concludes on August 19, and QIB subscription might see further movement on the final day. SBI Securities maintains a Neutral rating on the issue, citing the company's lack of a gold price hedging policy as a potential margin risk once gold prices stabilize.",
  "summary": "Total bids reached 19,26,08,310 shares for 6,27,61,403 shares on offer by August 18’s close, indicating a significant increase in investor interest across all categories",
  "key_points": [
    "Lalithaa Jewellery IPO subscription surged to 3.07 times overall on Day 2",
    "Non-institutional investors led the rally, subscribing 6.46 times their reserved portion",
    "IPO concludes on August 19 with potential QIB subscription increase on final day"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}