1 week ago
Lalithaa Jewellery Shares End 24% Higher After 32% Debut
Lalithaa Jewellery Mart sold shares to the public in an IPO.
Each share was offered for ₹201.
When trading began on August 24, the shares opened at about ₹265, roughly 32% higher.
By the end of the day, the price had fallen to about ₹248, but it was still nearly 24% above the IPO price.
Investors had applied for far more shares than were available.
Reports gave different total subscription figures of 66.63 times and 62.97 times.
Large institutional investors showed particularly strong interest.
The company plans to use the new money to buy jewellery inventory and open 10 stores.
Lalithaa Jewellery Mart operates jewellery stores across southern India.
Lalithaa Jewellery Mart shares opened at ₹265 on the NSE and ₹265.30 on the BSE, about 32% above the ₹201 issue price.
The shares ended their first trading day at ₹248.40 on the BSE and ₹248.44 on the NSE, a gain of about 24%.
The ₹1,700-crore IPO was open from August 17 to August 19, 2026, and comprised a ₹1,200-crore fresh issue and a ₹500-crore offer for sale.
Subscription estimates differed: reports cited either 66.63 times overall or 62.97 times on the final bidding day, with qualified institutional buyers showing the strongest demand.
The company plans to use fresh proceeds for inventory, 10 new stores and general corporate expenses.
- Who
- Lalithaa Jewellery Mart and investors who applied for its IPO.
- What
- The company’s shares debuted at about a 32% premium to the ₹201 issue price and ended about 24% higher.
- Where
- The shares listed on the Bombay Stock Exchange and the National Stock Exchange of India.
- When
- The shares began trading on Monday, August 24, 2026; the IPO ran from August 17 to August 19, 2026.
- Why
- The company raised funds for inventory, 10 new stores and general corporate expenses.
Key facts
- Issue size
- ₹1,700 crore
- Issue price
- ₹201 per share; the price band was ₹190–₹201
- Opening prices
- ₹265.30 on the BSE and ₹265 on the NSE
- First-day closing prices
- ₹248.40 on the BSE and ₹248.44 on the NSE
- Subscription
- Reports cited 66.63 times overall, while another cited 62.97 times on the final bidding day
- IPO structure
- ₹1,200 crore fresh issue and ₹500 crore offer for sale
- Fresh-proceeds use
- ₹998.68 crore for inventory, ₹34.55 crore for 10 new stores and the balance for general corporate expenses
- Company footprint
- 61 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry
Sources
Related news
Lalithaa Jewellery IPO Subscribed 63x as GMP Signals Premium
Lalithaa Jewellery Mart Rs 1,700 crore IPO opens August 17
Lalithaa Jewellery IPO Makes Strong Debut With 31.84% Premium
Lalithaa Jewellery secures ₹508 crore anchor investment ahead of IPO
Lalithaa, Shankesh, Sunshine IPOs Aim to Raise Rs 2349 Crore
Priority Jewels IPO Fully Booked on Strong Retail Demand
PVR Inox Buyback: September 3 Last Day to Buy
Augmont Enterprises Rises Despite Gold-Buying Appeal and Market Risks
BSE Shares Fall as New Closing Auction Session Draws Scrutiny
Spice Lounge Food Works Stock Hits Upper Circuit Amid Crash
Indian Stocks Slide as Oil, Conflict and Yields Rise
