Lalithaa Jewellery Mart IPO

About the company

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

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   17 Aug 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   19 Aug 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   21 Aug 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   22 Aug 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   23 Aug 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   24 Aug 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

Date-wise daily subscription (all categories)

Date-wise cumulative subscription figures per category, refreshed each bidding day.