Lalithaa Jewellery Mart IPO Review
Lalithaa Jewellery Mart Limited, a jewellery retail company with a strong regional presence across South India, plans to raise INR 1700 crore through an IPO.
[Fresh Issue ₹1200 Cr + OFS ₹500 Cr]
Lalithaa jewellery mart ipo price: ₹190–₹201 per share.
Lalithaa Jewellery Mart: History
The Company was incorporated as Lalithaa Jewellery Mart Private Limited, a private limited company under the Companies Act, 1956, on November 26, 1985.
The Company was then converted into a public limited company on December 18, 2023, under a special resolution passed by the shareholders.
Its name was subsequently changed to Lalithaa_Jewellery_Mart_Limited, and the RoC issued a fresh certificate of incorporation on January 5, 2024.
Lalithaa Jewellery Mart: Business
Lalithaa Jewellery Mart Limited is a jewellery retailer operating under the brand name Lalithaa.
The Company offers a diverse range of gold, silver, and diamond jewellery across styles, designed to cater to regional preferences of the southern Indian jewellery markets.
The Company offers a broad portfolio covering wedding, festive, daily-wear and men’s jewellery, along with silver articles and diamond jewellery, catering to clients across different price points.
Lalithaa strives to serve the southern Indian market with authenticated BIS-hallmarked jewellery through 56 stores in 46 cities in the states of Andhra Pradesh, Karnataka, Tamil Nadu, Telangana, and the Union Territory of Puducherry.
Lalithaa Jewellery offers jewellery schemes such as Dhana Vandhanam and Free-yo-Flexi that attract customers on a repeated basis.
Manufacturing Facilities
The Company operates two manufacturing facilities in Tamil Nadu, India.
- Thirumudivakkam, Chennai (operated through the Company), and
- Maraimalainagar, Kanchipuram (operated through wholly owned Subsidiary, Asita Manufacturing Private Limited).
Strategies Ahead
Exploring untapped sections in southern and other regions of India
Expansion of studded gold jewellery business.
Expansion into silverware and other product ranges to provide lower-value products to mitigate the hike in gold prices.
Invest in brand building and marketing initiatives.
Company Promoters
- Kiran Kumar Jain
- Hemaa Kiran Kumar Jain
Refer to Lalithaa Jewellery Mart IPO DRHP for further details.
IPO Details
ipo date: 17 Aug – 19 Aug 2026
Minimum Amount: ₹14,874
Minimum Bid: 74 Shares
Face Value: INR 5 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Anand Rathi Advisor
Equirus Capital
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping a long-term view in mind) for the #Lalithaa_Jewellery_Mart_IPO.
Do come back to learn more about “upcoming IPOs”.
Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
