Lalithaa Jewellery Mart shares made a strong debut in the Indian stock market on Monday, following a robust demand received for its initial public offering (IPO). Lalithaa Jewellery Mart IPO listing date is today, August 24, and the shares are listed on both the stock exchanges, BSE and NSE.
Lalithaa Jewellery Mart shares were listed at Rs 265.30 apiece on the BSE, a premium of 32% to the issue price of Rs 201 per share.
On NSE, the stock was listed with 31.84% premium at Rs 265 per share.
Lalithaa Jewellery IPO listing was mostly in line with Dalal Street expectations, as indicated by the grey market premium (GMP).
Ahead of the debut, Lalithaa Jewellery IPO GMP today was Rs 75 per share, signalling the listing at a premium of over 37% at Rs 276 per share.
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Lalithaa Jewellery Mart IPO Details
Lalithaa Jewellery Mart IPO was open from August 17 to August 19, and the IPO allotment date was August 20. The IPO listing date is August 24 and the shares have been listed on BSE and NSE.
The company raised Rs 1,700 crore from the book-building issue, which was a combination of fresh issue of 5.97 crore equity shares worth Rs 1,200 crore, and an offer for sale of 2.49 crore shares aggregating to Rs 500 crore. Lalithaa Jewellery IPO price band was set at Rs 190 to Rs 201 per share.
Lalithaa Jewellery IPO was subscribed 62.97 times in total, NSE data showed. The public issue was booked 11.81 times in the Retail Individual Investors category, and 145.38 times in the Non-Institutional Investors (NII) segment. The Qualified Institutional Buyers (QIB) category received 73.90 times subscription.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India is the Lalithaa Jewellery IPO registrar.
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