The initial public offering (IPO) of Lalithaa Jewellery Mart is set to make its stock market debut on Monday, August 24, 2026. Ahead of its listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), grey market premium (GMP) trends hint at a spectacular, double-digit premium for investors.
Here is everything you need to know about the Lalithaa Jewellery Mart IPO before trading begins.
Lalithaa Jewellery Mart IPO Expected Listing Price
Based on the latest GMP of Rs 75 and the upper price band of Rs 201, the estimated Lalithaa Jewellery Mart IPO listing price is Rs 276 per share. This implies a strong potential listing premium of 37.31% over the issue price.
*Note: GMP is entirely unofficial, based on speculative unlisted market demand, and does not guarantee the actual listing price.
Lalithaa Jewellery Mart IPO Final Subscription Status
The Lalithaa Jewellery Mart IPO closed with an overwhelming response from all investor categories, getting oversubscribed 62.97 times by the third and final day of bidding on August 19.
The category-wise subscription breakdown highlights massive institutional demand:
- Qualified Institutional Buyers (QIBs): Oversubscribed 145.38 times
- Non-Institutional Investors (NIIs): Oversubscribed 73.90 times
- Retail Individual Investors: Oversubscribed 11.81 times
The share allotment status was finalised on August 20, 2026.
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Lalithaa Jewellery Mart IPO Listing Date
Shares of Lalithaa Jewellery Mart will list on the NSE and BSE with a tentative listing date fixed as Monday, August 24, 2026.
Lalithaa Jewellery Mart IPO Details
The Lalithaa Jewellery Mart IPO is a book-built issue of Rs 1,700 crore. The public issue comprises:
- Fresh Issue: 5.97 crore equity shares worth Rs 1,200 crore
- Offer-For-Sale (OFS): 2.49 crore equity shares worth Rs 500 crore
The price band for the IPO was set at Rs 190 to Rs 201 per share.
Retail investors were required to bid for a minimum lot size of 74 shares, translating to a minimum investment of Rs 14,874 at the upper end of the price band. The issue also included a special reservation of up to 3,29,670 shares for eligible employees, offered at a discount of Rs 19 to the issue price.
Anand Rathi Advisors Ltd. served as the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar of the issue.
Lalithaa Jewellery Mart IPO: Use Of Proceeds
The company plans to utilise the net proceeds from the Rs 1,200 crore fresh issue primarily towards:
- Setting up 10 new retail stores: This includes funding capital expenditure for fit-outs like furniture, fixtures, equipment, and IT systems (Rs 34.55 crore), alongside meeting inventory costs for these new outlets (Rs 998.68 crore).
- General corporate purposes.
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Disclaimer: Investments in IPOs are subject to market risks. Investors should read the red herring prospectus carefully and consult a financial adviser before making investment decisions.
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