Jewellery retailer Lalithaa Jewellery Mart Ltd.'s IPO opened on August 17 and will close today, August 19. The price band is fixed at Rs 190-201 per share, valuing the company at around Rs 11,250 crore at the upper end.
Last week, Lalithaa Jewellery Mart raised Rs 508 crore from anchor investors, including Goldman Sachs, ICICI Prudential Mutual Fund and Bandhan Mutual Fund, days before the opening of its Rs 1,700-crore initial public offering. The company allotted 2.53 crore equity shares to 22 anchor investors at Rs 201 apiece, according to a circular uploaded on BSE's website.
Apart from Goldman Sachs Bank Europe, ICICI Prudential MF, and Bandhan MF, other key anchor investors included Sanshi Fund-I, Kotak Mahindra Life Insurance Company, Morgan Stanley India Investment Fund and Bajaj Life Insurance.
Four domestic mutual funds were allocated 1.14 crore shares, accounting for 45.26% of the total anchor portion. The issue comprises a fresh issue of up to Rs 1,200 crore and an offer-for-sale of up to Rs 500 crore.
The shares are proposed to be listed on the BSE and NSE on August 24.
Lalithaa Jewellery Mart Ltd. IPO Day 3 Subscription Status
The Lalithaa Jewellery Mart Ltd. IPO has been booked 20.47 times as of Day 3 at 1:54 pm. The IPO is fully subscribed
- Qualified Institutional Buyers: 20.47 times
- Non Institutional Investors: 49.51 times
- Retail Individual Investors: 8.19 times
- Employee Reserved: 6.17 times
Lalithaa Jewellery Mart Ltd. IPO GMP
Lalithaa Jewellery Mart IPO last GMP is Rs 44.5 as of August 19, 2026 at 1:54 pm. With the upper price band of Rs 201.00, Lalithaa Jewellery Mart IPO's estimated listing price is Rs 245.5. The expected percentage gain per share is 22.14%.
Lalithaa Jewellery Mart Ltd. IPO
Lalithaa Jewellery Mart Ltd. IPO Funds Utilisation
Proceeds from the fresh issue will primarily fund new stores.
About The Company
Lalithaa Jewellery Mart, which opened its first store in Chennai's T Nagar in 1985, sells gold, silver and diamond jewellery.
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