Lalithaa Jewellery Mart IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 16,800.62 | 16,907.88 | 25,039.80 |
| Expense | 16,316.07 | 16,404.58 | 23,679.54 |
| Profit (PAT) | 359.83 | 364.73 | 1,009.82 |
| Total Assets | 5,182.26 | 6,929.68 | 10,945.14 |
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Kalyan Jewellers India Limited | 13.08 | 46.85 | 24.63 | 61.09 |
| Manoj Vaibhav Gems N Jewellers Limited | 23.54 | 7.12 | 14.82 | 170.60 |
| PC Jeweller Limited | 1.00 | 9.26 | 10.32 | 9.45 |
| P N Gadgil Jewellers Limited | 30.20 | 22.18 | 23.21 | 144.63 |
| Senco Gold Limited | 35.08 | 11.50 | 26.07 | 153.45 |
| Thangamayil Jewellery Limited | 113.14 | 46.26 | 27.93 | 455.60 |
| Titan Company Limited | 57.19 | 85.25 | 36.48 | 179.75 |
| Tribhovandas Bhimji Zaveri Limited | 30.32 | 9.14 | 27.06 | 125.60 |
Promoters: M.Kiran Kumar Jain and Hemaa Kiran Kumar Jain
Strengths & Risks
- Strong grey-market premium — +27% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Heavily oversubscribed — 66.6x overall (so far).
- Strong institutional (QIB) demand — 153.8x.
- Revenue grew 48% in the latest reported year.
Our metrics didn't flag a major concern for Lalithaa Jewellery Mart from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Lalithaa Jewellery Mart, founded in November 1985, is a growing jewellery retail company with a strong presence across Tier II and Tier III cities in South India. Its product portfolio includes a wide range of gold, silver, diamond, precious, and semi-precious jewellery. Its collection offers a wide range of jewellery across various categories, including chains, Rings, Bangles, Necklaces, haaram, Drops, sacred idols, pendants, and coins, across kids, men, and teenagers, perfect for every occasion. The firm operates its business via 2 manufacturing facilities in Thirumudivakkam, Chennai, and Maraimalainagar, Kanchipuram, covering an area of 43,681.96 sq. ft. and 20,000.00 sq. ft. As of April 2026, Lalithaa Jewellery operates 63 showrooms across Andhra Pradesh, Karnataka, Tamil Nadu, Telangana, Puducherry, and Chennai.
| Purpose | Amount (Cr) |
|---|---|
| Funding expenditure towards setting-up of 10 New Stores: (a) Capital expenditure for fit-outs in the nature of furniture and fixtures, equipment, IT hardware and software | 34.55 |
| Funding expenditure towards setting-up of 10 New Stores: (b) Expenditure towards inventory costs for setting up of New Stores | 998.68 |
| General corporate purposes | - |
Resources & Documents
Lalithaa Jewellery Mart Ltd., 123, Usman Road,, T. Nagar,, Chennai, Chennai, Tamil Nadu, 600017
Lalithaa Jewellery Mart has set a price band of Rs 190–Rs 201 per share for an issue size of Rs 1,700 crore. The subscription window has closed; shares are expected to list on August 24, 2026 (4 days away).
Lalithaa Jewellery Mart, founded in November 1985, is a growing jewellery retail company with a strong presence across Tier II and Tier III cities in South India. Its product portfolio includes a wide range of gold, silver, diamond, precious, and semi-precious jewellery.
The issue is promoted by M.Kiran Kumar Jain and Hemaa Kiran Kumar Jain with Anand Rathi Advisors Ltd., Equirus Capital Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding expenditure towards setting-up of 10 New Stores: (a) Capital expenditure for fit-outs in the nature of furniture… (Rs 35 crore) and Funding expenditure towards setting-up of 10 New Stores: (b) Expenditure towards inventory costs for setting up of New S… (Rs 999 crore).
Grey market is quoting a premium of +Rs 55 (+27.4% over issue price), up Rs 40 from the previous session. Final subscription data records overall subscription at 66.62x, retail at 12.49x, QIB at 153.80x, NII at 78.17x.
On fundamentals, the company is posting revenue growth of 48.1%, a profit margin of 4.0%, return on equity of 41.6% in its most recent reported period. Listed peers in this segment include Kalyan Jewellers India Limited (P/E 46.85x) and Manoj Vaibhav Gems N Jewellers Limited (P/E 7.12x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Allotment status can be checked on the registrar portal once published; see the allotment links below.
Lalithaa Jewellery Mart IPO GMP — What It Means
The latest grey market premium for Lalithaa Jewellery Mart IPO is ₹55 (+27.4%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Lalithaa Jewellery Mart it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Lalithaa Jewellery Mart GMP history and trend, or learn how grey market premium works and how reliable it is.
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