Lalithaa Jewellery IPO allotment: How to check status online on NSE, BSE, MUFG Intime India; listing date, time revealed

The basis of allotment for Lalithaa Jewellery Mart Ltd is expected to be finalised on Thursday, August 20. Investors who applied for the initial public offering can head to the websites of the NSE, the BSE and MUFG Intime India to check bid finalisation details.

The initial share sale was subscribed 62.97 times, as it got bids for 3,95,22,17,604 shares compared to 6,27,61,403 shares on offer, according to the NSE data.

Qualified institutional buyers (QIBs) led the bidding as they subscribed their portion 145.38 times. The quota for non-institutional investors was booked 73.90 times, while the retail individual investors category was subscribed 11.81 times.

The ₹1,700 crore IPO was a combination of fresh shares worth ₹1,200 crore and an offer for sale of ₹500 crore by promoter M Kiran Kumar Jain.

The money raised will be used to open 10 new stores in India. The remaining funds will be utilised for corporate general purposes.

Lalithaa Jewellery Mart, which operates under the brand name 'Lalithaa', sells gold, silver and diamond jewellery across styles to serve the southern India jewellery markets.

The company sells authenticated BIS-hallmarked jewellery through its 61 stores in 51 cities in Tamil Nadu, Andhra Pradesh, Karnataka, Telangana and the Union Territory of Puducherry.

Equirus Capital and Anand Rathi Advisors are the book-running lead managers of the issue.

Lalithaa Jewellery Mart IPO allotment date and time

Lalithaa Jewellery Mart IPO allotment status is likely to be finalised on Thursday, August 20, by late evening.

How to check Lalithaa Jewellery Mart IPO allotment status online on NSE

• Go to NSE's allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select 'Equity & SME IPO bid details'
• From the 'Select Symbol' option, choose 'Lalithaa Jewellery Mart'
• Fill in your application number and permanent account number (PAN)
• Click on the 'Submit' button

Steps to check Lalithaa Jewellery IPO allotment status online on BSE

• Click on this link: https://bseindia.com/investors/appli_check.aspx
• From ‘Equity’ and 'Debt' options, choose 'Equity'
• From the ‘Issue Name’ section, select ‘Lalithaa Jewellery Mart Ltd’
• Mention either your IPO application number or PAN details
• Press the 'Search' button

Lalithaa Jewellery Mart IPO allotment status online on MUFG Intime India; step-by-step guilde

• Head to the registrar's allotment status website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Pick ‘Lalithaa Jewellery Mart’ from the IPO names
• Add any one: DP/Client ID, Account No/IFSC, Application No or PAN
• Hit the ‘Submit’ button

Lalithaa Jewellery IPO listing date and time

Shares of Lalithaa Jewellery will be listed on the NSE and the BSE on Monday, August 24, at 10 am.