- POSITIVE
Annual Revenue Lalithaa Jewellery Mart Mar-2026 Annual Revenue is Rs 25,055 Cr which is growth of 48.2% YoY.
- POSITIVE
Annual Net Profit Lalithaa Jewellery Mart Mar-2026 Annual Net Profit is Rs 1,009 Cr which is growth of 178.1% YoY.
Lalithaa Jewellery Mart Ltd. was incorporated on November 26, 1985. The company operates as a jewellery retailer under the brand “Lalithaa,” offering BIS-hallmarked gold, silver, and diamond jewellery across 56 stores in South India. Its in-house manufacturing enables competitive pricing, catering to regional preferences
| Bidding Dates |
|---|
| 17 Aug 2026 - 19 Aug 2026 |
| Subscription |
|---|
| 62.97x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,060 | 1 | 13 | 74 | 84.6 M | ₹190 - ₹201 | 82.85 % | ₹16,069.7 M - ₹17,000.0 M | RHP DOC |
Lalithaa Jewellery Mart IPO SUBSCRIPTION STATUS
19 Aug '26Total62.97x
Retail Individual Investor11.81x
HNI (NII) Investors73.9x
Qualified Institutional Buyers145.38x
Employees8.55x
Lalithaa Jewellery Mart IPO overall subscription rate was 62.97 times the total available shares
Lalithaa Jewellery Mart IPO retail subscription rate was 11.81 times in the retail segment
Lalithaa Jewellery Mart IPO non-institutional investor subscription rate was 73.9 times in the non-institutional investor category
Lalithaa Jewellery Mart IPO Qualified Institutional Bidder subscription rate was 145.38 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
19 Aug 2026 (Day 3) | 11.81x | 73.9x | 145.38x | 8.55x |
18 Aug 2026 (Day 2) | 2.78x | 6.46x | 1.02x | 3.09x |
17 Aug 2026 (Day 1) | 0.74x | 0.61x | 0.67x | 1.51x |
Lalithaa Jewellery Mart FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 25,023.9 | 1,009.8 | -397.8 | -464.6 | 6.7% |
| FY25 | 16,897.3 | 364.7 | 288.7 | 168.1 | 4.4% |
| FY24 | 16,788.1 | 359.8 | -18.0 | -106.3 | 4.1% |
Lalithaa Jewellery Mart IPO SUBSCRIPTION STATUS DETAILS
Lalithaa Jewellery Mart had 84.6 M shares on offer
Lalithaa Jewellery Mart IPO offer price was in the range ₹190 - ₹201
Lalithaa Jewellery Mart IPO minimum Investment was ₹14060
Lalithaa Jewellery Mart IPO issue size was ₹ 16,069.7 M - ₹ 17,000.0 M
Lalithaa Jewellery Mart had a minimum lot size of 74 Shares per application
Lalithaa Jewellery Mart NUMBER OF SHARES ON OFFER
Total84.6 M
Fresh Issue59.7 M
Offer for Sale24.9 M
Post Issue Promoter Holding %82.85 %
Lalithaa Jewellery Mart IPO IMPORTANT DATES
| Issue Open Date | 17 Aug 2026 |
| Issue close Date | 19 Aug 2026 |
| Allotment Date | 20 Aug 2026 |
| Refund Date | 21 Aug 2026 |
| Demat Account Credit Date | 21 Aug 2026 |
| Listing Date | 24 Aug 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Lalithaa Jewellery Mart Allotment Status | Exchange/ Registrar |
Lalithaa Jewellery Mart IPO subscription opened on 17 Aug 2026, and closed on 19 Aug 2026
IPO allotment for Lalithaa Jewellery Mart was finalized on Thursday, 20 Aug 2026
IPO listing for Lalithaa Jewellery Mart was on NSE and BSE on Monday, 24 Aug 2026
Lalithaa Jewellery Mart IPO LISTING GAINS
| Issue Price (adjusted) | 201.0 |
| Listing Open Price | 265.0 |
| Listing Close Price | 248.4 |
| Listing Gain% | 31.8% |
| Current Gain% | 73.8% |
Lalithaa Jewellery Mart Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lalithaa Jewellery Mart Ltd. | 349.4 | 19555.2 | 19.4 | 0.1 | 0.8 | 34.5 | 9.2 | 25039.8 | 48.1 | 1009.8 | 176.9 | 18 | 176.9 |
| Titan Company Ltd. | 4844.9 | 430123.5 | 61.2 | 0.9 | 4.6 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 79.2 | 70.3 |
| Kalyan Jewellers India Ltd. | 697 | 71982.7 | 44.9 | 0.6 | 1.7 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 15.5 | 72 |
| Sky Gold and Diamonds Ltd. | 1022.1 | 15829.7 | 57.5 | 0.5 | 2 | 23 | 12.5 | 6331.3 | 76.8 | 275.3 | 107.5 | 17.8 | 113.7 |
| PC Jeweller Ltd. | 15.5 | 15202 | 17 | 0.4 | 4.1 | 8.7 | 7.6 | 3549.6 | 49.7 | 714.5 | 23.7 | 0.9 | 45.9 |
| Thangamayil Jewellery Ltd. | 4195 | 13045.5 | 33.3 | 0.3 | 1.3 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 126 | 113.3 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Lalithaa Jewellery Mart annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 |
|---|---|---|---|---|---|---|---|---|---|---|
23.2% | 28.1% | 25,054.9 | 16,905.6 | 16,797.6 | 13,392.1 | 8,194.1 | 7,252.7 | 7,828.7 | ||
Operating Exp. Ann. | 22% | 27.9% | 23,367.2 | 16,158.1 | 16,107.2 | 12,855.2 | 7,773.9 | 6,824.2 | 7,478.4 | |
Operating Profit Ann. | 47.1% | 31.7% | 1,671.9 | 739.3 | 679.1 | 525.7 | 413 | 421.5 | 348.6 | |
OPM Ann. % | 19.3% | 2.8% | 6.67% | 4.37% | 4.04% | 3.93% | 5.04% | 5.81% | 4.45% | |
21.9% | 27.6% | 23,695.7 | 16,405.3 | 16,315.1 | 13,074.2 | 7,969.8 | 7,016.5 | 7,674.4 | ||
EBITDA Ann. | 46.5% | 31.5% | 1,687.7 | 747.5 | 690.4 | 536.9 | 420.3 | 428.4 | 350.3 | |
EBITDA Ann. margin % | 18.9% | 2.7% | 6.74% | 4.42% | 4.11% | 4.01% | 5.13% | 5.91% | 4.47% | |
Interest Ann. | 7.8% | 7.1% | 198.4 | 160.3 | 136.3 | 158.4 | 142.3 | 140.6 | 144.8 | |
Depr. | 29% | 20.3% | 130.2 | 86.9 | 71.7 | 60.6 | 53.7 | 51.7 | 51.2 | |
PBT Ann. | 62.3% | 41.9% | 1,359.1 | 500.3 | 482.5 | 317.9 | 254.8 | 236.2 | 146 | |
Tax Ann. | 60.3% | 37.5% | 350.3 | 137.5 | 124.2 | 85 | 65.5 | 71.3 | 39.2 | |
63% | 43.7% | 1,008.8 | 362.8 | 358.3 | 232.9 | 189.3 | 164.8 | 106.7 | ||
Net Profit Ann. | 63% | 43.7% | 1,008.8 | 362.8 | 358.3 | 232.9 | 189.3 | 164.8 | 106.7 | |
NPM Ann. % | 32.2% | 12.1% | 4.02% | 2.14% | 2.13% | 1.74% | 2.31% | 2.27% | 1.36% | |
EPS Adj. latest Ann. | 62.4% | 43.1% | 18 | 6.5 | 6.4 | 4.2 | 3.4 | 3 | 1.9 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
48.2%
2Y CAGR
22.1%
3Y CAGR
23.2%
5Y CAGR
28.1%
Net Profit Ann.
1Y CHG
178.1%
2Y CAGR
67.8%
3Y CAGR
63%
5Y CAGR
43.7%
Operating Exp. Ann.
1Y CHG
44.6%
2Y CAGR
20.4%
3Y CAGR
22%
5Y CAGR
27.9%
Lalithaa Jewellery Mart INFORMATION ON IPO ISSUE
About Lalithaa Jewellery Mart
Lalithaa Jewellery Mart Ltd. was incorporated on November 26, 1985. The company operates as a jewellery retailer under the brand “Lalithaa,” offering BIS-hallmarked gold, silver, and diamond jewellery across 56 stores in South India. Its in-house manufacturing enables competitive pricing, catering to regional preferences
Object of the Issue
- Funding of capital expenditure for setting up of 12 new stores in India
- General corporate purposes
Lalithaa Jewellery Mart - PROMOTERS
| Name |
|---|
| Kiran Kumar Jain |
| Hemaa Kiran Kumar Jain |
Lalithaa Jewellery Mart - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Kiran Kumar Jain | Chairman and Managing Director |
| Hemaa Kiran Kumar Jain | Whole-time Director |
| P Rajeswaran | Whole-time Director |
| Nayan Jagadishchandra Rawal | Independent Director |
| Poonam Jagdambaprasad Dubey | Independent Director |
| Vandana Mayur Amrutiya | Independent Director |
Lalithaa Jewellery Mart Book Running Lead Manager
Anand Rathi Advisors Limited
ljml.ipo@rathi.com
Equirus Capital Private Limited
lalithaa.ipo@equirus.com
Lalithaa Jewellery Mart Registrar to the Offer
MUFG Intime India Private Limited
lalithaajewellery.ipo@linkintime.co.in
Lalithaa Jewellery Mart Strengths
Brand catering
The Company focuses on serving the mass market by offering quality, affordable jewellery. For lower- and middle-income consumers, gold is a culturally rooted investment symbolising status and security, driven more by tradition and social expectations than luxury
Strength
Diverse savings schemes
The company offers diverse jewellery savings schemes that add value and flexibility for customers. These programs encourage repeat engagement and are central to its business model
Strength
Asset light model
The company follows an asset-light retail model with strong backward integration, inventory management, and quality control. As of December 31, 2024, only 3 of its 56 stores are owned, while the rest operate on a lease and license basis
Strength
Lalithaa Jewellery Mart Risks
Competition
The company faces intense competition in the Indian jewellery market, especially in southern states. Changes in market trends, pricing, or customer preferences could lead to a loss of customers, adversely impacting its business and financial performance
Risk
Expansion risks
The company expanded its store network from 38 in FY22 to 56 stores across 46 cities by December 31, 2024. Inability to manage or expand this network effectively may impact profitability and adversely affect business and financial performance
Risk
Price volatility & procurement challenges
Timely procurement, quality, and pricing of gold are crucial to the company's operations. Volatility in gold prices or supply due to economic or regulatory factors, along with the lack of hedging options, may negatively impact business performance and profitability
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 500.0 crore, of 24,875,621 shares. It also consists of a fresh issue of Rs 1,200.0 crore.
The promoters of the company are Kiran Kumar Jain and Hemaa Kiran Kumar Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 190.0 - 201.0.
The IPO application opens on Aug 17, 2026 and closes on Aug 19, 2026.
The minimum lot size for the IPO is 74. The maximum lot size for the IPO is 962.
For all category investors, the minimum application amount for this IPO is Rs. 14,060.0, the maximum value for this IPO is Rs 193,362.0.
This IPO will be allotted on Aug 20, 2026.
The refund will be credited to your account on Aug 21, 2026.
The allotted shares will be credited to your demat on Aug 21, 2026.
Lalithaa Jewellery Mart Ltd.’s shares listed on the stock exchanges on Aug 24, 2026.