Lalithaa Jewellery Mart IPO Subscribed 2.85x On Day 2: Check Price Band & Key Dates

Mumbai | August 18, 2026 

Lalithaa Jewellery Mart, a South India-focused jewellery retailer, had its IPO subscribed 2.85 times overall as of August 18, 2026, the second day of a three-day bidding window. The ₹1,700 crore mainboard issue opened on August 17 and is priced in a band of ₹190 to ₹201 per share. 

What is the Lalithaa Jewellery Mart IPO subscription status? 

The IPO had been subscribed 2.85 times overall as of August 18, 2026. This is a running figure, bidding remains open until August 19, 2026, and final subscription numbers will be available only after the issue closes. 

What is the Lalithaa Jewellery Mart IPO price band and issue size? 

The IPO price band is fixed at ₹190 to ₹201 per equity share of ₹5 face value, valuing the company at ₹11,250.17 crore at the upper end. The total issue size is ₹1,700 crore, comprising a fresh issue of ₹1,200 crore (5.97 crore shares) and an offer for sale of ₹500 crore (2.49 crore shares). 

How is the issue structured across investor categories? 

Of the net offer, half is reserved for qualified institutional buyers (QIB), 35% for retail investors and 15% for non-institutional investors (NII). Up to 3,29,670 shares are reserved for employees at a discount of ₹19 to the issue price. 

The minimum bid is 74 shares, and in multiples thereafter. The minimum investment for a retail investor is ₹14,874, with a maximum retail investment of ₹1,93,362. 

What are the key dates for the Lalithaa Jewellery Mart IPO? 

The IPO opened on August 17, 2026, and closes on August 19, 2026. Allotment is expected to be finalised on August 20, with listing tentatively scheduled for August 24 on NSE and BSE. 

Lalithaa Jewellery Mart raised ₹508.20 crore from anchor investors on August 14, 2026. Anand Rathi Advisors is the book running lead manager, and MUFG Intime India is the registrar to the issue. 

About Lalithaa Jewellery Mart 

Incorporated in November 1985, Lalithaa Jewellery Mart is a jewellery retailer with a strong presence across Tier II and Tier III cities in South India, catering primarily to mass and value-conscious customers. Its product range spans gold, silver, diamond and other precious and semi-precious jewellery, including chains, rings, bangles, necklaces, haaram, drops, pendants, sacred idols and coins. 

The company operates through Large Format Stores and Medium Format Stores, following an asset-light retail model with backward integration. It runs two manufacturing facilities, in Thirumudivakkam, Chennai, and Maraimalainagar, Kanchipuram. As of April 2026, it operated 63 showrooms across Andhra Pradesh, Karnataka, Tamil Nadu, Telangana, Puducherry and Chennai. 

Outlook 

The Lalithaa Jewellery Mart IPO closes for subscription on August 19, 2026, with listing on NSE and BSE tentatively scheduled for August 24, 2026. The IPO’s grey market premium (GMP) stood at ₹33 as of 3:31 pm on August 18, 2026. GMP is an unofficial, informal market indicator and does not guarantee the actual listing price or future stock performance.

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