Lalithaa Jewellery Mart IPO: A jewelry retailer with a strong regional presence in South India, primarily serving a mass and value-conscious customer segment, has announced its IPO in the market, the company is looking to raise ₹1,700.00 Cr. through the IPO. Lalithaa Jewellery Mart IPO will open for subscription in the market on August 17, 2026, and close on August 19, 2026.
Lalithaa Jewellery Mart IPO is a book build issue of 8,46,08,276 shares (₹1,700.00 Cr.). The issue is a combination of a fresh issue of 5,97,32,655 shares (₹1,200.00 Cr.) and an offer for sale of 2,48,75,621 shares (₹500.00 Cr.).
The price band for Lalithaa Jewellery Mart IPO is ₹190 to ₹201 per share. The minimum application size is 1 lot (74 shares), requiring a retail investor to invest at least ₹14,874 (based on the upper price band).
Lalithaa Jewellery Mart IPO Details
| Open Date | August 17, 2026 |
| Close Date | August 19, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹5.00 Equity Share |
| Price Band | ₹190.00 – ₹201.00 Per Share |
| Listing On | BSE, NSE |
| Issue Size | ₹1,700.00 Cr. (8,46,08,276 Shares) |
| Fresh Issue | ₹1,200.00 Cr. (5,97,32,655 Shares) |
| Offer For Sale | ₹500.00 Cr. (2,48,75,621 Shares) |
| EMP Discount | ₹19.00 |
| Prospectus | RHP | Anchor Investors |
Lalithaa Jewellery Mart IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 50.00% | 4,23,04,138 |
| NII | 15.00% | 1,26,91,241 |
| RII | 35.00% | 2,96,12,897 |
| Total | 100.00% | 8,46,08,276 |
Lalithaa Jewellery Mart IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 74 | ₹14,874 |
| Retail Maximum | 13 | 962 | ₹1,93,362 |
| S-HNI Minimum | 14 | 1,036 | ₹2,08,236 |
| S-HNI Maximum | 67 | 4,958 | ₹9,96,558 |
| B- HNI Minimum | 68 | 5,032 | ₹10,11,432 |
Key Performance Indicator
| KPI [March 31, 2026] | Value |
| Market Capitalisation | ₹11,250.17 Cr. |
| P/E Ratio | 9.95x |
| EPS | ₹20.20 |
| ROE | 41.60% |
| ROCE | 42.60% |
| RoNW | 39.90% |
| Dept/Equity | 0.53 |
| EBITDA Margin | — |
| PAT Margin | 4.04% |
| Net Assets Value | ₹58.60 |
| Price To Book Value | 3.43x |
Lalithaa Jewellery Mart IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Kalyan Jewellers India Limited | 46.85x | ₹13.08 | 24.63% | ₹61.09 |
| Manoj Vaibhav Gems N Jewellers Limited | 7.12x | ₹23.54 | 14.82% | ₹170.60 |
| PC Jeweller Limited | 9.26x | ₹1.00 | 10.32% | ₹9.45 |
| P N Gadgil Jewellers Limited | 22.18x | ₹30.20 | 30.21% | ₹144.63 |
| Senco Gold Limited | 11.50x | ₹35.08 | 26.07% | ₹153.45 |
| Thangamayil Jewellery Limited | 46.26x | ₹113.14 | 27.93% | ₹455.60 |
| Titan Company Limited | 85.25x | ₹57.19 | 36.48% | ₹179.75 |
| Tribhovandas Bhimji Zaveri Limited | 9.14x | ₹30.32 | 27.06% | ₹125.60 |
Lalithaa Jewellery Mart IPO Dates
| Open Date | August 17, 2026 |
| Close Date | August 19, 2026 |
| Allotment Date | August 20, 2026 |
| Refund Date | August 21, 2026 |
| Share Credit Date | August 21, 2026 |
| Listing Date | August 24, 2026 |
Lalithaa Jewellery Mart Company Financial Report
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|
| March 2026 (Restated) | ₹10,945.14 Cr. | ₹25,039.80 Cr. | ₹23,679.54 Cr. | ₹3,033.14 Cr. | ₹1,009.82 Cr. | ₹2,679.74 Cr. | ₹1,604.14 Cr. |
| March 2025 (Restated) | ₹6,929.68 Cr. | ₹16,907.88 Cr. | ₹16,404.58 Cr. | ₹2,028.80 Cr. | ₹364.73 Cr. | ₹1,675.39 Cr. | ₹949.26 Cr. |
| March 2024 (Restated) | ₹5,182.26 Cr. | ₹16,800.62 Cr. | ₹16,316.07 Cr. | ₹1,667.78 Cr. | ₹359.83 Cr. | ₹1,552.46 Cr. | ₹824.18 Cr. |
Company Promoters
- M. Kiran Kumar Jain
- Hemaa Kiran Kumar Jain
| Holding Pre Issue | 49,99,77,156 Shares | 97.72% |
| Holding Post Issue | 55,97,09,811 Shares | 82.85% |
Lalithaa Jewellery Mart IPO Lead Managers
- Anand Rathi Advisors Limited
- Equirus Capital Limited
Lalithaa Jewellery Mart IPO Registrar
MUFG Intime India Private Limited
Telephone: 022-49186000
Email: lalithaajewellery.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
About Lalithaa Jewellery Mart Limited [Incorporated In November 1985]
It is a jewellery retailer operating under the brand name “Lalitha” and offers a diverse range of gold jewellery, silver jewellery and diamond jewellery in different styles, designed to cater to the regional preferences of the South Indian jewellery market. The company had the highest per store operating revenue among major organised jewellery players in India, at ₹410.23 crore, ₹281.62 crore and ₹316.76 crore for fiscal 2026, fiscal 2025 and fiscal 2024 respectively.
The company projects an operating revenue CAGR of 22.09% between fiscal years 2024 and 2026 (Source: CRISIL report). They aim to serve the South Indian market with authenticated BIS-hallmarked jewelry through 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and the Union Territory of Puducherry by March 31, 2026. These stores span a total operational area of 6,50,881 sq. ft.
They stand out as a disruptive brand offering gold jewelry at competitive prices thanks to their in-house manufacturing capabilities. With this approach, the company has been able to build a brand image with its target customers, leading to its revenue from operations growing from ₹16,788.06 crore in fiscal 2024 to ₹25,023.93 crore in fiscal 2026, at a CAGR of 22.09%.
The company has a presence in cities across South India, with stores operating in Tier I, II, and III cities (Source: CRISIL Report). In fiscal 2026, 45 of the company’s 61 stores are in these Tier II and III cities, contributing 60.25% to its revenue, reflecting its strategic focus on these fast-growing potential markets (Source: CRISIL Report). They believe that their emphasis on quality, craftsmanship, and design at competitive prices has helped them achieve this brand position.
The company also offers jewelry schemes like “Dhan Vandanam” and “Free-Yo-Flexi,” which attract repeat customers. These schemes are designed to provide added value and flexibility to their customers, encouraging them to return to the brand. They also offer monthly installment plans like “Dhan Vandanam,” starting from ₹1,000 and going up to ₹10,000. Upon completion of 11 months, they offer a 50% bonus on an amount equal to one month’s installment and a 50% discount on value addition charges when purchasing jewelry.
Under the “Dhan Vandanam” scheme, when purchasing jewelry, customers can choose between a weight-based or rupee-based calculation as monthly installment credits. This protects customers from fluctuations in gold rates throughout the scheme’s term.
Additionally, under the ‘Free-Yo-Flexi’ scheme (which starts with ₹1,000 monthly installments and can go up to ₹25,000 monthly installments), on completion of 11 months, the company also offers its customers 100% waiver on value addition charges while purchasing jewellery, subject to fulfilling the terms and conditions mentioned in the scheme.
As of fiscal 2026, 4,73,412 customers are enrolled and active in the company’s schemes. Among major organized jewelry players in India, Lalitha Jewellery Mart Limited has received the highest advances from customers for fiscal 2026 and fiscal 2025, at ₹5,042.75 crore and ₹3,145.41 crore, respectively.
It operates two manufacturing facilities in the state of Tamil Nadu at Thirumudivakkam, Chennai (operated by the Company) and Maraimalai, Kanchipuram (operated by its wholly owned subsidiary, Asita Jewellery Manufacturing Private Limited), with an area of approximately 43,861.96 sq. ft. and 20,000 sq. ft. respectively (“Manufacturing Facility”). It commenced operations at its manufacturing facility at Thirumudivakkam, Chennai from December 2, 2024.
In fiscal 2026, the company has employed 816 artisans (672 artisans in its company and 144 artisans in Asita Jewellery Manufacturing Pvt. Ltd.) with whom it has entered into exclusive arrangements to work in its manufacturing facilities to produce a wide range of gold, silver and diamond jewellery. In addition to the 816 artisans (in fiscal 2026) with whom it has exclusive arrangements and who are on its company’s rolls, the company has entered into short-term agreements with 296 artisans until March 31, 2026, to manufacture and supply gold jewellery, silver jewellery and other jewellery to it on a non-exclusive basis.
Company Strengths (In Details)
- 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.
Objects Of The Issue (In Details)
- Funding of expenditure towards setting up of 10 new stores in India (“New Stores”). The funding is proposed to be utilised towards the following broad heads:
- A. Capital expenditure for fit-outs in the nature of furniture and fixtures, equipment, IT hardware and software. (Estimated Amount ₹34.55 Cr.)
- B. Expenditure towards inventory costs for setting up of New Stores. (Estimated Amount ₹998.68 Cr.)
- General corporate purposes
Company Address
Lalithaa Jewellery Mart Limited
Address: 123, Usman Road,
T. Nagar, Chennai Tamil Nadu, 600017
Telephone: +044 2834 9869
Email: cosec@lalithaajewellery.com
Website: https://www.lalithaajewellery.com/
Lalithaa Jewellery Mart IPO FAQs
What are the open and close dates of the Lalithaa Jewellery Mart IPO?
The Lalithaa Jewellery Mart IPO will open on August 17, 2026 and will close on August 19, 2026.
What is the price band for Lalithaa Jewellery Mart IPO?
The price band for the Lalithaa Jewellery Mart IPO is ₹190 to ₹201 per share.
What is the issue size of the Lalithaa Jewellery Mart IPO?
The total issue size of the Lalithaa Jewellery Mart IPO is ₹1,700.00 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Lalithaa Jewellery Mart IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 74 Shares with ₹14,874 amount while the maximum bid is 13 Lot, 962 shares with ₹1,93,362 for the Lalithaa Jewellery Mart IPO.
What is Lalithaa Jewellery Mart IPO Investors Portion?
The investors portion for QIB 50%, NII 15%, RII 35% for the Lalithaa Jewellery Mart IPO.
When will the allotment for the Lalithaa Jewellery Mart IPO be finalized?
The Lalithaa Jewellery Mart IPO allotment is expected to be finalized on August 20, 2026.
When will the shares of Lalithaa Jewellery Mart IPO get listed?
The Lalithaa Jewellery Mart IPO shares are expected to be listed on BSE and NSE on August 24, 2026.
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| Lalithaa Jewellery Mart IPO GMP |
| Lalithaa Jewellery Mart IPO Subscription Status |
| Lalithaa Jewellery Mart IPO Allotment Status |
This content has been researched and written by the IPO Investors Team…
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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