Now Reading: Lalithaa Jewellery IPO opens on 17 August at Rs 1,700 crore
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Lalithaa Jewellery IPO opens on 17 August at Rs 1,700 crore
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…
The Story in Brief
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.
The Indian Opinion
The easy story is that strong profits, high sales per store and a grey-market premium guarantee a good listing. They do not. Grey-market prices can change, and the company remains heavily dependent on southern markets and gold jewellery, which accounts for about 92% of revenue. The IPO also includes a Rs 500-crore offer for sale. Investors should watch whether new stores lift revenue without weakening margins after listing.
Sources (2): economictimes.indiatimes.com, livemint.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
