The corporate has mounted the worth band at Rs 190 to Rs 201 per fairness share of face worth Rs 5 every, with subscription closing on Aug 19
Mumbai: Lalithaa Jewelry Mart Restricted has formally introduced its Rs 1,700 crore preliminary public supply (IPO), with the problem set to open for subscription on August 17, 2026 and shut on August 19, 2026. The corporate has mounted the worth band at Rs 190 to Rs 201 per fairness share of face worth Rs 5 every. Traders can bid for no less than 74 fairness shares and in multiples of 74 fairness shares thereafter.
The IPO includes a contemporary difficulty of as much as Rs 1,200 crore and a suggestion on the market of as much as Rs 500 crore by promoter M. Kiran Kumar Jain. The corporate has 499,977,156 fairness shares excellent as of the date of the supply.
Lalithaa Jewelry Mart operates underneath the Lalithaa model and gives gold, silver and diamond jewelry throughout types catering to regional preferences in South Indian jewelry markets. The corporate operates 61 shops throughout 51 cities in South India, protecting a complete operational space of 650,881 sq. ft. as of March 31, 2026.
The corporate gives BIS-hallmarked jewelry and attributes its aggressive pricing to its in-house manufacturing capabilities. In fiscal 2026, 45 of its 61 shops had been situated in Tier-II and Tier-III cities, contributing 60.25% of income, in keeping with a CRISIL report.
Of the 61 shops, 51 had an space of greater than 5,000 sq. ft. in fiscal 2026, together with 39 shops in TierII and TierIII cities. The corporate operates large-format shops of greater than 15,000 sq. ft. and medium-format shops of greater than 5,000 sq. ft. and as much as 15,000 sq. ft.
Talking at a press meet in Mumbai, M. Kiran Kumar Jain, Chairman and Managing Director, Lalithaa Jewelry Mart Restricted, stated, “Our focus after the IPO will proceed to be on Tier-II and Tier-III cities, as we now have already established a presence throughout a number of main metros. These markets proceed to see robust jewelry demand, significantly in South India. With the IPO proceeds, we plan to open 10 new showrooms, with our focus remaining on retail growth. Our present manufacturing facility is working at scale, so there is no such thing as a instant want for important funding in manufacturing.”
The corporate reported the best working income per retailer amongst key organized jewelry gamers in India at Rs 410.23 crore in fiscal 2026, in contrast with Rs 281.62 crore in fiscal 2025 and Rs 316.76 crore in fiscal 2024, in keeping with the CRISIL report. The corporate has developed a templatized method to retailer location, measurement and general buyer expertise, and in keeping with it, this allows it to scale throughout present and probably newer markets.
Lalithaa additionally operates buyer schemes together with ‘Dhana Vandhanam’ and ‘Free-yo-Flexi’, that are designed to offer worth and suppleness and encourage repeat engagement with the model.
The corporate operates two manufacturing services in Tamil Nadu. The primary, situated in Thirumudivakkam, Chennai, has an space of roughly 43,861.96 sq. ft. The second facility is situated in Maraimalai, Kanchipuram and is operated via its wholly owned subsidiary, Asita Jewelry Manufacturing Non-public Restricted, protecting roughly 20,000 sq. ft. The Thirumudivakkam facility commenced operations on December 2, 2024.
Income from the corporate’s operations stood at Rs 25,023.93 crore in FY26, in contrast with Rs 16,788.05 crore in FY24. Web revenue stood at Rs 1,009.82 crore in FY26, in contrast with Rs 359.83 crore in FY24.
Anand Rathi Advisors Restricted and Equirus Capital Restricted (previously Equirus Capital Non-public Restricted) are the book-running lead managers to the IPO, whereas MUFG Intime India Non-public Restricted (previously Hyperlink Intime India Non-public Restricted) is the registrar.
Lalithaa Jewelry Mart had filed a purple herring prospectus dated August 9, 2026 with the Registrar of Corporations, Tamil Nadu and Andaman at Chennai. The RHP is offered on the web sites of SEBI, the book-running lead managers, NSE, BSE and the corporate.
The fairness shares provided within the IPO haven’t been and won’t be registered underneath the U.S. Securities Act, and are being provided and offered solely exterior america.
Lalithaa Jewelry Mart Restricted is a number one southern India-focused jewelry retailer with a retail presence in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and the Union Territory of Puducherry.
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