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Lalithaa Jewellery Mart IPO
Diamond & Jewellery
open
₹14,060Min. investment
Lalithaa Jewellery Mart Limited IPO Details
Issue size
₹1,700Cr
IPO type
Mainboard
Market Cap
₹11,250CrHigher than sector avg
Price range
₹190 – ₹201
Listing ExchangeBSE, NSE
RevenueApr 2025 - Mar 2026
₹25,023CrHigher than sector avg
Lot size
74 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
22.09%Higher than sector avg
SectorDiamond & Jewellery
Price range₹190 – ₹201
IPO type
Regular
Lot size74 shares
Issue size₹1,700Cr
Red Herring Prospectus
Read
Market Cap
₹11,250CrHigher than sector avg
RevenueApr 2025 - Mar 2026
₹25,023CrHigher than sector avg
Growth rate3Y CAGR
22.09%Higher than sector avg
Lalithaa Jewellery Mart Limited IPO Overview
Lalithaa Jewellery Mart IPO date
Lalithaa Jewellery Mart IPO will open for subscription on August 17, 2026, and the closing date for the IPO is August 19, 2026. After this, investors are expected to be updated about the allotment status on August 20, 2026.
Investors who have been allotted shares can expect them to be credited to their demat account on August 21, 2026. The shares will be listed on the NSE and the BSE on Monday, August 24, 2026.
Lalithaa Jewellery Mart IPO price band
The IPO includes a fresh issue and an offer for sale. The IPO price band has been set between ₹ 190 and ₹ 201 per share. Interested investors can choose a price within this band to apply for the IPO.
The IPO is a book-building issue, comprising a fresh issue of ₹1,200 crore and an offer for sale of ₹500 crore. Lalithaa Jewellery Mart IPO listing price will be determined on August 24, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.
Lalithaa Jewellery Mart IPO lot size
Lalithaa Jewellery Mart IPO details have been declared. The minimum lot size for an application is 74 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹1700 crore.
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Thangamayil Jewellery LtdObjectives
Working capital
83.10%
General corporate purposes
13.90%
Capital expenditure
2.80%
Strength and Weakness
Asset-light business model
With ownership of only 3 of 61 stores, the company maintains 95% of its stores on a leased and licensed basis, and has reduced its expenditure on store ownership. The operational flexibility allows the company to own fewer stores.
Strategic focus on high-growth tier 2&3 market
In FY26, 60.25% of the company's total sales came from 45 out of 61 stores, which were either in or near Tier II or Tier III cities. The company has strategically positioned itself for growth in markets that are more price sensitive with minimal competition from premium brands.
Highest customer advances
At ₹5,042.75 crore (20.15% of revenue) and ₹3,145.41 crore (18.61% of revenue) in FY26 and FY25 respectively, the company's customer advances are the highest amongst key organized players in the Indian jewellery industry.
Large and medium format stores
At a total of 8 large format stores (more than 15,000 sq.ft) along with 43 medium format stores (5,000-15,000 sq.ft), the company has extensive space to display a variety of silver, gold and diamond jewellery.
Strong regional presence
The company has a strong presence in southern India with 61 stores across 51 cities, and over 50 lakhs customers in Andhra Pradesh, Karnataka, Puducherry, Tamil Nadu, and Telangana. In FY24, there were only 53 stores.
In-house manufacturing capabilities
The company has two manufacturing plants in Thirumudivakkam and Maraimalai, both in Chennai, with 816 exclusive karigars and 296 Non-exclusive karigars. The company produces over 79% of its products in their own facilities.
About Lalithaa Jewellery Mart Limited
Lalithaa Jewellery Mart IPO will open for subscription on Monday, August 17 2026. The company operates a jewellery retail chain under the brand name “Lalithaa”. It deals in a variety of gold, silver and diamond jewellery to suit the tastes of customers in southern India.
The company was incorporated in 1985 and launched its first outlet in T. Nagar, Chennai, the retail hub for silk and jewellery. As on March 31, 2026, Lalithaa had 61 stores in 51 cities across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry. The stores were spread across a total of 650,881 square feet.
The company sells jewellery for weddings, festivals, daily wear and personal occasions, along with men's jewellery. Its product portfolio includes necklaces, bangles, rings, earrings, pendants, bracelets and chains. The designs combine traditional Indian styles with Indo-western designs and incorporate elements that are popular in southern India. The company also sells Dosham-free diamond jewellery with VVS clarity and E-F colour grade, supported by internationally recognised authenticity certificates.
Lalithaa Jewellery Mart silverware portfolio includes products such as spoons and dishes. It also operates an exclusive store in Hyderabad for gold and diamond-studded jewellery, spread across 12,088 square feet. The company follows an asset-light retail model. It owns only 3 of its 61 stores, while the remaining 58 stores operate under leave and license arrangements as of March 31, 2026.
Of the total network, 51 stores are large or medium-format stores with an area of more than 5,000 square feet of which 39 of these stores are located in Tier-II and Tier-III cities. It had 45 stores in Tier-II and Tier-III cities in FY26. These stores contributed 60.2% of total revenue. Its network comprised eight large format stores of more than 15,000 sq.ft, 43 medium format stores between 5,000 to 15,000 sq.ft, and 10 small format stores of less than 5,000 sq.ft. Lalithaa had 20 stores in Tamil Nadu, 23 in Andhra Pradesh, 7 in Karnataka, 10 in Telangana and 1 in Puducherry. Its largest store is in Vijayawada and spans 100,000 square feet. The company also operates large format stores in Somajiguda and Vishakhapatnam, covering carpet areas of 98,210 square feet and 65,000 square feet, respectively.
Tamil Nadu was the company’s largest market with 53.9% of revenue in FY26 followed by Andhra Pradesh with 18.9%, Telangana with 14.4%, Karnataka with 10.9% and Puducherry with 1.6%. Tamil Nadu’s share increased sharply from 44.2% in FY24 to 53.9% in FY26. Gold jewellery is the main revenue driver with 92.3% of revenue from operations in FY26. Revenue from gold jewellery was at ₹23,104 crore against ₹15,981 crore in FY25 and ₹15,773 crore in FY24. Silver jewellery and articles contributed 6.6%, generating ₹1,658 crore, and other products including diamonds contributed 1.1%, or ₹260.3 crore.
The company also has customer schemes like “Dhana Vandhanam” and “Free-yo-Flexi” to encourage customers to buy again and give them extra value.
The South Indian market for gems and jewellery was valued at ₹5,02,600 crore in FY26, or approximately 40% of the total Indian jewellery market. The shift from unorganised to organised retail is a consistent trend. Organised players have a big opportunity here, as this share is expected to be 45-50% by FY30 from 30-35% in FY20. The biggest opportunity lies in the mass market, price sensitive segments. Lower and middle-income consumers make up 69% of households and drive 61% of gold purchases. South India’s Tier-II and Tier-III cities offer an attractive growth opportunity for organised jewellery retailers. These markets have a high percentage of working women and a significant scope for organised retailing to penetrate.
The company’s regional focus gives it access to a large and culturally important jewellery market. Southern India accounted for approximately 40% of India's total gems and jewellery market for gold in FY24, supported by high gold consumption. The company is also positioned to benefit from the shift in jewellery retail from the unorganised to organised sector. Since the company does not need to own most of its stores, the model limits the capital required for store expansion. Lalithaa plans to expand its store network across southern India by opening 5 new stores in FY27 and another 5 stores in FY28. It will target markets where its presence remains relatively low while also strengthening its network in Tier-II and Tier-III cities. The company also plans to increase its focus on studded gold jewellery, which generally generates higher gross margins than other gold jewellery.
Now, Lalithaa Jewellery Mart is launching its initial public offering (IPO), which consists of a fresh issue of ₹1,200 crore and an offer for sale of ₹500 crore. The total issue size of the IPO is ₹1,700 crore. Its shares will be listed on the NSE and BSE.
How to pre-apply for Lalithaa Jewellery Mart IPO?
You can pre-apply for Lalithaa Jewellery Mart IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Lalithaa Jewellery Mart IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Pre-Apply’
- Accept the mandate on your UPI app
How to apply for Lalithaa Jewellery Mart IPO?
If you are interested in this investment opportunity but unsure how to apply for Lalithaa Jewellery Mart IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Lalithaa Jewellery Mart IPO on Upstox:
- Log in to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Lalithaa Jewellery Mart IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Apply’
- Accept the mandate on your UPI app
How to check allotment status for Lalithaa Jewellery Mart IPO?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Lalithaa Jewellery Mart IPO allotment status:
- Login to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, you will find the ‘View all’ option
- Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
- In the ‘IPO’ tab, click on ‘My applications’
- In ‘My applications’, under the History section, your Lalithaa Jewellery Mart IPO allotment status will be mentioned
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Latest News on Lalithaa Jewellery Mart IPO
Lalithaa Jewellery Mart Limited, a Chennai-based jewellery retailer with 56 stores across southern India, has filed a DRHP for an IPO. The company reported ₹12,594.67 crore in revenue and ₹262.33 crore in profit for the nine months ending December 2024. The IPO includes a fresh issue of ₹1,200 crore and an offer-for-sale of up to ₹500 crore.
Upcoming IPO: The Chennai-based company's proposed IPO is a combination of a fresh issue of shares worth ₹1,200 crore and an offer-for-sale of equities valued at ₹500 crore by M Kiran Kumar Jain, according to the Draft Red Herring Prospectus (DRHP).
2 min read
Frequently asked questions
How to invest in the Lalithaa Jewellery Mart IPO ?
Investors can apply for the Lalithaa Jewellery Mart IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Lalithaa Jewellery Mart IPO ?
The issue size of the Lalithaa Jewellery Mart IPO is 1700 Cr.
What is 'pre-apply' for Lalithaa Jewellery Mart IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Lalithaa Jewellery Mart IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Ipo opens on 17 Aug 2026, 10:00 AM