Lalithaa Jewellery Mart IPO

This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.

Lot size and investment

Reservation

QIB

Not more than 50% of the offer

Retail

Not less than 35% of the offer

NII

Not less than 15% of the offer

Current GMP

₹75

▲+37.31%

Estimated listing price

₹276

Issue price ₹201

Highest

₹79

22 Aug

Lowest

₹15

11 Aug

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E Ratio

11.14

EPS (₹)

18.04

RoE

41.60%

RoCE

42.60%

RoNW

39.90%

PAT Margin

4.04%

Debt / Equity

0.53

NAV (₹)

58.60

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

Lalithaa Jewellery Mart Limited was started in November 1985. It is a jewellery retail company from South India. The company sells gold, silver, diamond and other precious and semi-precious jewellery. Its main customers are middle class and value conscious buyers who look at price carefully before buying. The company is strong in Tier II and Tier III cities of South India. It runs Large Format Stores and Medium Format Stores. It follows an asset light model with backward integration, which means it makes a part of its own jewellery and keeps control on quality and stock. It also runs several jewellery saving schemes, which bring customers back to the store again and again. As on 31 March 2026, the company had 7,059 employees working in sales, security, administration, back office and management roles.

Objects of the issue

1. Funding expenditure towards setting-up of 10 New Stores: (a) Capital expenditure for fit-outs in the nature of furniture and fixtures, equipment, IT hardware and software₹34.55 Cr
2. Funding expenditure towards setting-up of 10 New Stores: (b) Expenditure towards inventory costs for setting up of New Stores₹998.68 Cr
3. General corporate purposes

Promoters and shareholding

M.Kiran Kumar Jain and Hemaa Kiran Kumar Jain

Promoter holding, pre-issue

97.72%

Promoter holding, post-issue

82.85%