Mumbai: The Lalithaa Jewellery Mart IPO will open for subscription on August 17, 2026, and close on August 19, 2026, with Lalithaa Jewellery Mart Limited fixing the price band at ₹190 to ₹201 per Equity Share of face value ₹5 each.
Investors can bid for a minimum of 74 Equity Shares and in multiples of 74 shares thereafter.
Lalithaa Jewellery Mart Limited has fixed the price band of ₹190 to ₹201 per Equity Share for its initial public offering (IPO). The Lalithaa Jewellery Mart IPO will be available for subscription for three days, from August 17 to August 19, 2026.
The minimum bid lot for the Lalithaa Jewellery Mart IPO is 74 Equity Shares, with investors allowed to bid in multiples of 74 Equity Shares thereafter. As of the date of the offer, the company has 499,977,156 outstanding Equity Shares of ₹5 each.
Lalithaa Jewellery Mart IPO Details
The Lalithaa Jewellery Mart IPO comprises a fresh issue of up to ₹1,200 crore and an offer for sale of up to ₹500 crore by the company’s promoter, M. Kiran Kumar Jain.
The IPO is being proposed subject to the receipt of requisite approvals, market conditions and other considerations.
Lalithaa Jewellery Mart Limited is a jewellery retailer operating under the brand name Lalithaa.
The company offers a diverse range of gold jewellery, silver jewellery and diamond jewellery across various styles, designed to cater to regional preferences in southern Indian jewellery markets.
Lalithaa Jewellery Mart Store Network
The company operates 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and the Union Territory of Puducherry, with a total operational area of 650,881 sq. ft. as of March 31, 2026.
According to the company, it aims to serve the southern Indian market with authenticated BIS-hallmarked jewellery. It positions itself as a disruptive brand offering gold jewellery at competitive prices, supported by its in-house manufacturing capabilities.
In Fiscal 2026, 45 of the company’s 61 stores were located in Tier-II and Tier-III cities. These stores contributed 60.25% of the company’s revenues, reflecting its strategic focus on these markets, according to the CRISIL Report.
The company said its emphasis on quality, craftsmanship and design at competitive prices has helped it establish its brand position.
Of the 61 stores operated by the company in Fiscal 2026, 51 had an aggregate area of more than 5,000 sq. ft. each. These stores are located across cities and towns in key jewellery consumption markets in southern India.
Of these 51 stores, 39 were located in Tier-II and Tier-III cities.
The company’s store strategy includes large-format stores measuring more than 15,000 sq. ft. and medium-format stores measuring less than or equal to 15,000 sq. ft. and more than 5,000 sq. ft.
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Revenue Per Store
According to the CRISIL Report, Lalithaa Jewellery Mart recorded the highest operating revenue per store among key organised jewellery players in India, at ₹410.23 crore in Fiscal 2026, ₹281.62 crore in Fiscal 2025 and ₹316.76 crore in Fiscal 2024.
The company has developed a templatised approach to store location, store size and overall customer experience. According to Lalithaa Jewellery Mart, this approach enables it to scale its operations across existing markets as well as potentially newer markets.
The company also offers jewellery schemes including ‘Dhana Vandhanam’ and ‘Free-yo-Flexi’. These schemes are designed to provide added value and flexibility to customers and encourage repeat engagement with the brand.
Lalithaa Jewellery Mart Manufacturing Facilities
The company operates two manufacturing facilities in Tamil Nadu.
One facility is located at Thirumudivakkam, Chennai, and is operated directly by Lalithaa Jewellery Mart Limited. The second facility is located at Maraimalai, Kanchipuram, and is operated through the company’s wholly-owned subsidiary, Asita Jewellery Manufacturing Private Limited.
The Thirumudivakkam manufacturing facility has an area of approximately 43,861.96 sq. ft., while the Maraimalai facility covers approximately 20,000 sq. ft.
Lalithaa Jewellery Mart Financial Performance
The company’s revenue from operations stood at ₹25,023.93 crore in FY26, compared with ₹16,788.05 crore in FY24.
Lalithaa Jewellery Mart’s net profit was ₹1,009.82 crore in FY26, compared with ₹359.83 crore in FY24.
Lalithaa Jewellery Mart IPO Book-Running Lead Managers
Anand Rathi Advisors Limited and Equirus Capital Limited (Formerly Equirus Capital Private Limited) are the book-running lead managers for the Lalithaa Jewellery Mart IPO.
The Lalithaa Jewellery Mart IPO is being made through the book-building process.
Not more than 50% of the Net Offer shall be available for allocation to qualified institutional buyers, while not less than 15% of the Offer shall be available for allocation to non-institutional bidders.
Not less than 35% of the Offer shall be available for allocation to retail individual bidders.
Lalithaa Jewellery Mart IPO Red Herring Prospectus
Lalithaa Jewellery Mart Limited has filed a red herring prospectus dated August 9, 2026, with the Registrar of Companies, Tamil Nadu and Andaman at Chennai.
The RHP has been made available on the website of the Securities and Exchange Board of India (SEBI), as well as on the websites of the book-running lead managers, NSE, BSE and Lalithaa Jewellery Mart Limited.
The company has stated that any potential investor should note that investment in Equity Shares involves a high degree of risk. Details relating to these risks are available in the “Risk Factors” section beginning on page 22 of the RHP.
Potential investors have been advised not to rely on the DRHP for making any investment decision and to rely only on the information included in the RHP filed by the company with the Registrar of Companies, Tamil Nadu and Andaman at Chennai.
Key Lalithaa Jewellery Mart IPO Details
- IPO Opening Date: August 17, 2026
- IPO Closing Date: August 19, 2026
- Price Band: ₹190–₹201 per Equity Share
- Face Value: ₹5 per Equity Share
- Minimum Bid Lot: 74 Equity Shares
- Fresh Issue: Up to ₹1,200 crore
- Offer for Sale: Up to ₹500 crore
- OFS Promoter: M. Kiran Kumar Jain
- Total Stores: 61
- Cities: 51
- Manufacturing Facilities: 2
- Book-Running Lead Managers: Anand Rathi Advisors Limited and Equirus Capital Limited
- Registrar: MUFG Intime India Private Limited
