Now Reading: Lalithaa Jewellery Mart lists at 32% premium over issue price of Rs 201
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Lalithaa Jewellery Mart lists at 32% premium over issue price of Rs 201
Lalithaa Jewellery Mart lists at 32% premium over issue price of Rs 201
Lalithaa Jewellery Mart shares made a strong stock market debut on Monday, listing at Rs 265.30 on the BSE, a 32% premium over the issue price of Rs 201. The stock rose…
Lalithaa Jewellery Mart shares made a strong stock market debut on Monday, listing at Rs 265.30 on the BSE, a 32% premium over the issue price of Rs 201. The stock rose 36.5% in early trade before profit-booking pulled it to Rs 261.75 by afternoon. The company's market valuation stood at Rs 14,462.90 crore.
The Rs 1,700 crore IPO (fresh issue of Rs 1,200 crore and OFS of Rs 500 crore) was subscribed 62.97 times. Anchor investors including Goldman Sachs and ICICI Prudential Mutual Fund had put in Rs 508 crore. On the risks side, livemint.com reports analysts noting an inventory-heavy business with negative operating cash flow of Rs 397.7 crore and a Rs 1,066 crore GST dispute. Existing investors have been advised a stop-loss of Rs 245, while fresh investors are told to wait for a correction.
Indian Opinion Analysis
Both ndtvprofit.com and livemint.com are wire-style financial outlets that focus on market numbers, listing price, premium, profit-booking, and subscription figures, with no political or ideological slant visible. The coverage is uniform straight reporting, with livemint.com adding analyst commentary (Swastika Investmart's Shivani Nyati) that flags the GST dispute and inventory risk, which ndtvprofit.com omits. The measured takeaway for a careful reader is that strong listing-day gains do not eliminate the company's known structural risks. The GST dispute worth Rs 1,066 crore is the single number to watch.
Coverage: 2 sources, 2 neutral
Sources (2): ndtvprofit.com (neutral report), livemint.com (neutral report)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
