Bookbuilding IPO | ₹1,700 Cr | Listing at BSE, NSE |
Lalithaa Jewellery Mart Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on June 11, 2025 to raise funds through Initial Public Offer (IPO).
Lalithaa Jewellery Mart Ltd. IPO is a Book Build Issue of ₹1,700.00 crores consisting of a fresh issue of shares worth Rs ₹1,200.00 crores and an offer for sale (OFS) of ₹500.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Lalithaa Jewellery Mart IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹1,700 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹1,200 Cr) |
| Offer for Sale | [.] shares of ₹5 (agg. up to ₹500 Cr) |
| Share Holding Pre Issue | 49,99,77,156 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jun 11, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the offer |
| Retail Shares Offered | Not less than 35% of the offer |
| NII Shares Offered | Not less than 15% of the offer |
Lalitha Jewellery Mart is a South Indian jewellery retailer, offering a diverse range of jewellery products, including gold jewellery, silver jewellery, and diamond jewellery under the brand name, "Lalithaa". It primarily sells exquisite designs of gold jewellery products i.e., rings, earrings, pendants, necklaces, chains, bangles, bracelets, etc. In fiscal 2024, the company has received 93.96% of its revenues from gold jewellery.
It has a strong market presence in Tamil Nadu, Telangana, Karnataka, and the Union territory of Puducherry. As of December 31, 2024, the company has 56 stores in 46 cities with an aggregate area of each store of more than 5,000 sq. ft. Majority of these stores are strategically located in the southern regions in Tier II and III cities to focus on high-growth potential markets.
The company operates two manufacturing facilities in Thirumudivakkam, Chennai and Maraimalai, Kanchipuram, across an area of 43,681.96 sq. ft. and 20,000.00 sq. ft.
Additionally, it also offers various jewellery schemes such as "Dhana Vandhanam" for a monthly investment from ₹1000 to ₹ 10,000 and "Free-yo-Flexi’ with monthly investment of ₹1,000 to ₹25,000. As of Dec 31, 2024, it has 420,261 active customers under the schemes.
Competitive Strengths
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6,355.59 | 5,182.26 | 4,242.42 | 3,211.43 |
| Total Income | 12,603.04 | 16,800.62 | 13,322.62 | 8,144.73 |
| Profit After Tax | 262.33 | 359.83 | 238.39 | 166.77 |
| NET Worth | 1,928.15 | 1,667.78 | 1,310.95 | 1,071.62 |
| Reserves and Surplus | 1,574.75 | 1,552.46 | 1,195.64 | 956.30 |
| Total Borrowing | 897.11 | 824.18 | 540.11 | 623.93 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding expenditure towards setting-up of 12 New Stores | 1,014.50 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 25.96% |
| ROCE | 30.44% |
| Debt/Equity | 0.49 |
| RoNW | 24.16% |
| PAT Margin | 2.14% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.72% |
Lead Manager Reports
Lalithaa Jewellery Mart IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹1,700 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Lalithaa Jewellery Mart IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Lalithaa Jewellery Mart IPO using UPI as a payment gateway. Zerodha customers can apply in Lalithaa Jewellery Mart IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lalithaa Jewellery Mart IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lalithaa Jewellery Mart IPO dates are not announced. Please check back again after some time.
Lalithaa Jewellery Mart IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Lalithaa Jewellery Mart IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Lalithaa Jewellery Mart IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Lalithaa Jewellery Mart IPO allotment status.
The Lalithaa Jewellery Mart IPO listing date is not yet announced. The tentative date of listing is .
