Lalithaa Jewellery Mart IPO
Bookbuilding IPO | ₹1,700.00 Cr | Listing at BSE, NSE
IPO Open
Mon, Aug 17, 2026
IPO Close
Wed, Aug 19, 2026
Price Band
₹190.00 to ₹201.00
Market Cap (Pre-IPO)
₹11,250.17 Cr
IPO Details
| IPO Date | Aug 17, 2026 to Aug 19, 2026 |
| Listing Date | Tentative: Aug 24, 2026 |
| Face Value | ₹5.00 per share |
| Price Band | ₹190.00 to ₹201.00 |
| Lot Size | 74 Shares (Minimum: ₹14,874.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹1,700.00 Crores |
| Total Shares Offered | 84,608,276 shares |
| Fresh Issue | 59,732,655 shares |
| Offer For Sale | 24,875,621 shares |
Lalithaa Jewellery Mart IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the offer |
| Retail Shares Offered | Not less than 35% of the offer |
| NII Shares Offered | Not less than 15% of the offer |
Lalithaa Jewellery Mart IPO Lot Size
Investors can bid for a minimum of 74 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 74 | ₹14,874 |
| Retail (Max) | 13 | 962 | ₹193,362 |
| S-HNI (Min) | 14 | 1,036 | ₹208,236 |
| S-HNI (Max) | 67 | 4,958 | ₹996,558 |
| B-HNI (Min) | 68 | 5,032 | ₹1,011,432 |
Lalithaa Jewellery Mart Financial Information (Restated Consolidated)
Lalithaa Jewellery Mart Ltd.'s revenue increased by 48% and profit after tax (PAT) rose by 177% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 10,945.14 | 6,929.68 | 5,182.26 |
| Total Income | 25,039.80 | 16,907.88 | 16,800.62 |
| Profit After Tax | 1,009.82 | 364.73 | 359.83 |
| EBITDA | - | - | - |
| NET Worth | 3,033.14 | 2,028.80 | 1,667.78 |
| Reserves and Surplus | 2,679.74 | 1,675.39 | 1,552.46 |
| Total Borrowing | 1,604.14 | 949.26 | 824.18 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 41.60% |
| ROCE (Return on Capital Employed) | 42.60% |
| Debt/Equity | 0.53 |
| RoNW (Return on Net Worth) | 39.90% |
| PAT Margin (Profit After Tax Margin) | 4.04% |
| Price to Book Value | 3.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 20.20 | 18.04 |
| P/E (x) | 9.95 | 11.14 |
Company Strengths
- Strong regional presence with deep penetration in high-growth South Indian markets.
- Brand catering to the mass and value-conscious segment with own manufacturing.
- Strong brand pull in Tier II and Tier III cities with focus on quality, craftsmanship and original designs.
- Large Format Stores and Medium Format Stores driving scale.
- Robust customer base owing to diverse range of jewellery schemes.
- Asset-light retail business model with backward integration, efficient inventory management and quality control processes.
- Experienced promoter and management team with proven execution capabilities
Use of Proceeds
| 1) | Funding expenditure towards setting-up of 10 New Stores: (a) Capital expenditure for fit-outs in the nature of furniture and fixtures, equipment, IT hardware and software | 34.55 |
| 2) | Funding expenditure towards setting-up of 10 New Stores: (b) Expenditure towards inventory costs for setting up of New Stores | 998.68 |
| 3) | General corporate purposes | |
| Total | 1,033.23 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Lalithaa Jewellery Mart IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Lalitha Jewellery Mart Limited | 20.20 | 20.20 | 58.60 | - | 39.90 | - | Consolidated |
| Kalyan Jewellers India Limited | 13.08 | 13.05 | 61.09 | 46.85 | 24.63 | - | Consolidated |
| Manoj Vaibhav Gems N Jewellers Limited | 23.54 | 23.54 | 170.60 | 7.12 | 14.82 | - | Standalone |
| PC Jeweller Limited | 1.00 | 0.83 | 9.45 | 9.26 | 10.32 | - | Consolidated |
| P N Gadgil Jewellers Limited | 30.20 | 30.20 | 144.63 | 22.18 | 23.21 | - | Consolidated |
| Senco Gold Limited | 35.08 | 35.06 | 153.45 | 11.50 | 26.07 | - | Consolidated |
| Thangamayil Jewellery Limited | 113.14 | 113.14 | 455.60 | 46.26 | 27.93 | - | Standalone |
| Titan Company Limited | 57.19 | 57.19 | 179.75 | 85.25 | 36.48 | - | Consolidated |
| Tribhovandas Bhimji Zaveri Limited | 30.32 | 30.32 | 125.60 | 9.14 | 27.06 | - | Consolidated |
Quick Info
| Sector | retail and consumer goods |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹11,250.17 Cr |
Important Dates
| IPO Open | Aug 17, 2026 |
| IPO Close | Aug 19, 2026 |
| Allotment Date | Aug 20, 2026 |
| Credit to Demat | Aug 21, 2026 |
| Listing Date | Tentative: Aug 24, 2026 |
Lead Manager(s)
Anand Rathi Advisors Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹1,700.00 crores.
- Issue Structure: A combination of fresh issue of 5.97 crore shares aggregating to ₹1,200.00 crores and offer for sale of 2.49 crore shares aggregating to ₹500.00 crores.
- IPO Dates: The issue opens on August 17, 2026 and closes on August 19, 2026.
- Allotment Date: The allotment is expected to be finalized on August 20, 2026.
- Listing Details: The shares are proposed to be listed on both National Stock Exchange of India and BSE Limited on August 24, 2026.
- Issue Price Band: ₹190 to ₹201 per equity share.
- Lot Size: 74 shares per lot.
- Retail Investment Requirement: Minimum 1 lot (74 shares) amounting to approximately ₹14,874 (at the upper price band).
This IPO offers investors an opportunity to participate in the jewellery retail sector through a combination of a fresh issue of shares and an offer for sale by existing shareholders.