# Lalithaa Jewellery Mart IPO subscribed 3.07 times on Day 2 2026-08-18T06:14:24+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Lalithaa Jewellery Mart's Rs 1,700-crore initial public offering saw a sharp turnaround on the second day of bidding, August 18, with overall subscription reaching 3.07 times by close, NDTV Profit and The Hindu Businessline report. This compares with just 0.69 times at the end of Day 1. Total bids stood at 19.26 crore shares against 6.27 crore shares on offer. Non-institutional investors led the surge, subscribing 6.46 times their reserved portion, according to The Hindu Businessline. Retail individual investors subscribed 2.78 times, while qualified institutional buyers (QIBs) crossed the threshold at 1.02 times. The employee reserved portion was subscribed 3.09 times. NDTV Profit notes the grey market premium (GMP) was Rs 30, implying an estimated listing gain of 14.93% at the upper price band of Rs 201 per share. The IPO closes on August 19. Share allotment is expected on August 20, and the shares are scheduled to list on NSE and BSE on August 24. Proceeds will fund 10 new stores and Rs 998.68 crore of inventory requirements. SBI Securities has maintained a Neutral rating, flagging the lack of a gold price hedging policy as a key risk, The Hindu Businessline adds. ## Indian Opinion Analysis Both sources report the same subscription data neutrally. NDTV Profit leads with the grey market premium and listing gain estimate, giving retail investors a speculative benchmark early in the story, while The Hindu Businessline leads with the subscription surge and provides a granular breakdown of investor categories, including the QIB 'Others' subcategory jump. NDTV Profit also includes the company's financials and use of proceeds, making its piece more of a complete IPO guide. The Hindu Businessline adds a critical note from SBI Securities on the hedging risk, a detail NDTV Profit omits. The measured takeaway: the subscription spike is typical for Indian IPOs, but the lack of hedging is a genuine risk flagged by an analyst, not just market chatter. Watch the final-day QIB subscription as a gauge of institutional confidence. NDTV Profit leads with the grey market premium and listing gain estimate, giving retail investors a speculative benchmark early in the story, while The Hindu Businessline leads with the subscription surge and provides a granular breakdown of investor categories, including the QIB 'Others' subcategory jump. NDTV Profit also includes the company's financials and use of proceeds, making its piece more of a complete IPO guide. The Hindu Businessline adds a critical note from SBI Securities on the hedging risk, a detail NDTV Profit omits. The measured takeaway: the subscription spike is typical for Indian IPOs, but the lack of hedging is a genuine risk flagged by an analyst, not just market chatter. Watch the final-day QIB subscription as a gauge of institutional confidence. ## Coverage Coverage: 2 sources, 2 neutral - ndtvprofit.com (neutral report) Leads with GMP and listing gains, includes company financials, straight reporting with no editorial slant. - thehindubusinessline.com (neutral report) Leads with subscription surge, includes analyst risk note, straight reporting with no editorial slant. This story was synthesised by AI from the 2 sources linked above. Updated: this story now draws on 2 sources. Last updated 2026-08-18T17:36:18+00:00. Tags: Anand Rathi Advisors, BSE, IPO, Lalithaa Jewellery Mart, NSE Canonical: https://indianopinion.org/lalithaa-jewellery-mart-ipo-fully-subscribed-on-day-2/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/lalithaa-jewellery-mart-ipo-fully-subscribed-on-day-2/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/