Lalithaa Jewellery Mart share price traded lower after making a strong debut in the Indian stock market on Monday, amid profit booking at higher levels. Lalithaa Jewellery IPO listing date was today, August 24, and the stock has been listing on BSE and NSE.
Lalithaa Jewellery Mart shares were listed at Rs 265.30 apiece on the BSE, a 32% premium to the issue price of Rs 201 per share. On NSE, the stock began trading with 31.84% premium at Rs 265 per share.
The stock rose to a high Rs 274.30 apiece, rising as much as 36.46% from its issue price, and 3.4% from its listing price on BSE. However, it witnessed selling pressure at higher levels, and declined 4.44% from its listing price to Rs 253.50 apiece. At this level, the stock was still 26.11% higher than its issue price.
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The share debut comes in line with the Street expectations, as indicated by the grey market premium (GMP). Lalithaa Jewellery IPO GMP today signalled the listing at a 37% premium.
Lalithaa Jewellery Mart IPO was open from August 17 to August 19, and was subscribed by a strong 62.97 times.
The company raised Rs 1,700 crore from the book-building issue, which comprised of a fresh issue worth Rs 1,200 crore, and an offer for sale (OFS) of Rs 500 crore. Lalithaa Jewellery IPO price band was set at Rs 190 to Rs 201 per share.
Should you buy, sell or hold Lalithaa Jewellery shares after listing?
Lalithaa Jewellery is a jewellery retailer in South India offering gold, silver, diamond and other jewellery ranges. The company has 61 stores, as of 31st March 2026, across 51 locations in four states and one Union Territory.
“Lalithaa Jewellery Mart remains attractively valued compared with organized peers like Kalyan Jewellers and Titan Company, while its ROE of over 41% indicates strong capital efficiency. However, the business remains inventory-heavy, with negative operating cash flow of around Rs 397.7 crore in FY26, and the Rs 1,066 crore GST dispute and promoter-related concerns remain key risks,” said Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.
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After such a sharp listing gain, Nyati advises investors to avoid chasing Lalithaa Jewellery Mart stock at higher levels.
“Our view is positive but cautious; existing investors can hold with a stop loss at Rs 245 on a closing basis. Fresh investors should wait for a meaningful dip before entering,” she added.
At 1:10 PM, Lalithaa Jewellery share price was trading at Rs 260.95 apiece on the BSE, up 29.83% from its issue price, and down 1.64% from its listing price.
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