Lalithaa Jewellery Mart is set to launch its ₹1,700 crore IPO, aiming to expand its retail footprint and leverage robust financial growth, with shares opening for subscription in August 2026.
Lalithaa Jewellery Mart is set to tap the primary market with a ₹1,700 crore initial public offering, as the southern India-focused jeweller looks to expand its investor base and strengthen its market standing. The issue opens on 17 August 2026 and closes on 19 August 2026, with shares expected to list on the NSE and BSE on 24 August 2026. According to the IPO details published by Shoonya, the price band has been fixed at ₹190 to ₹201 a share, putting the minimum retail outlay at ₹14,874 for one lot of 74 shares.
The offering combines a fresh issue of 5.97 crore shares worth ₹1,200 crore with an offer for sale of 2.49 crore shares valued at ₹500 crore. Employees are being offered shares at a discount of ₹19 apiece. Investors can apply in lots of 74 shares, while small non-institutional investors must bid for 1,036 shares and big non-institutional investors for 5,032 shares, according to the issue document details. The company has also set aside a standard quota for institutional, retail and non-institutional investors under the usual book-built structure.
Lalithaa Jewellery Mart operates a regional retail network centred on South India, with a particular focus on mass-market and value-conscious buyers. InvestorGain and IPO Trend describe the company as a multi-category jeweller selling gold, silver, diamond, precious and semi-precious jewellery, with a footprint that is especially strong in tier two and tier three cities. The business model relies on large-format and medium-format stores, supported by inventory controls and a degree of backward integration.
The company’s financial performance appears to have strengthened sharply in the latest reported year. The IPO materials say total income rose to ₹25,039.80 crore in the year ended 31 March 2026, up 48.1% from ₹16,907.88 crore a year earlier, while profit after tax climbed 176.9% to ₹1,009.82 crore from ₹364.73 crore. Assets, net worth and reserves also increased, although borrowings rose as well. Companycheck lists the business as employing 7,059 people as of 31 March 2026, underlining the scale of its retail operation as it prepares for a public debut.
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