# Lalithaa Jewellery Mart IPO opens, GMP hints 15% listing gain

2026-08-17T11:16:09+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Lalithaa Jewellery Mart's initial public offering opened for subscription on 17 August and will close on 19 August. The price band is fixed at Rs 190 to Rs 201 per share. At the upper end, the company is valued at about Rs 11,250 crore. Ahead of the issue opening, the firm raised Rs 508 crore from anchor investors, including Goldman Sachs, ICICI Prudential Mutual Fund and Bandhan Mutual Fund. The grey market premium (GMP) for the IPO is currently Rs 29.5, implying an estimated listing price of Rs 230.5, a gain of 14.68% over the upper price band, according to Livemint. NDTV Profit reports the GMP suggests a 17% listing gain. The IPO was subscribed 69% on day one, with the retail portion booked 74% and the QIB portion 67%. The company operates 61 jewellery stores across southern India, with 45 stores in Tier II and III cities contributing 60.25% of FY26 revenue. Profit jumped 177% year-on-year to Rs 1,009.8 crore in FY26, though FY25 saw only 1.4% profit growth. Listing is scheduled on BSE and NSE on 24 August.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/horizon-industrial-parks-vs-lalithaa-jewellery-mart-ipo-gmp-which-ipo-offers-better-listing-gains-11919219#publisher=newsstand>
- livemint.com <https://www.livemint.com/market/ipo/lalithaa-jewellery-mart-ipo-gmp-lalithaa-jewellery-ipo-gmp-lalithaa-jewellery-ipo-review-lalithaa-jewellery-ipo-date-11786936827173.html>

This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources. Last updated 2026-08-17T16:31:31+00:00.

Tags: Horizon Industrial Parks, IPO, Lalithaa Jewellery Mart
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