# Lalithaa Jewellery IPO opens on 17 August at Rs 1,700 crore

2026-08-14T07:51:46+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Lalithaa Jewellery Mart’s Rs 1,700-crore initial public offering opens on 17 August and closes on 19 August. The issue includes a fresh issue of up to Rs 1,200 crore and an offer for sale of Rs 500 crore. The company raised Rs 508 crore from anchor investors at Rs 201 a share, LiveMint reports. The price band is Rs 190 to Rs 201, with a lot size of 74 shares. Lalithaa operates 61 stores across five southern states and Puducherry, including 45 in tier II and tier III cities. These stores contributed 60.25% of FY26 revenue. Revenue reached Rs 25,023.9 crore and profit Rs 1,009.8 crore in FY26. Economic Times says its valuation, at up to 11 times earnings, is low compared with peers, but its southern focus creates geographical concentration risk.

## Coverage

- economictimes.indiatimes.com <https://economictimes.indiatimes.com/markets/ipos/fpos/can-lalithaa-jewellery-mart-ipo-deliver-long-term-growth-for-high-risk-investors/articleshow/133226694.cms>
- livemint.com <https://www.livemint.com/market/ipo/lalithaa-jewellery-mart-ipo-gmp-lalithaa-jewellery-mart-ipo-details-lalithaa-jewellery-ipo-gmp-india-independence-day-11786775870610.html>

This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources. Last updated 2026-09-27T06:14:11+00:00.

Tags: gold, IPO, jewellery retail, Lalithaa Jewellery Mart, South India, stock market
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