Shares of Chennai-based Lalithaa Jewellery Mart Limited, which is a jewellery retailer operating under the brand name Lalithaa and caters to southern jewellery markets, listed at Rs 265.3 on the exchange, a premium of 32% to IPO price.
Quick Summary
- Lalithaa Jewellery Mart Limited listed at Rs 265.3 on the exchange.
- The IPO listed at a premium of 32% to its IPO price.
- The scrip reached Rs 274.4 on the NSE and Rs 274.3 on the BSE.
- The company closed at Rs 248.4 on the BSE and Rs 248.44 on NSE.
- Total Day 1 turnover on BSE and NSE stood at Rs 2,841.3 crore.
- The company had 61 stores across 51 cities as of March 31, 2026.
- QIB subscription stood at 145.38 times, while the Retail Portion was subscribed 11.8 times.
- The NII portion was subscribed 73.9 times.
Blockbuster IPO Listing
August 24, Mumbai: Shares of Chennai-based Lalithaa Jewellery Mart Limited, which is a jewellery retailer operating under the brand name Lalithaa and caters to southern jewellery markets, listed at Rs 265.3 on the exchange, a premium of 32% to IPO price.
Stock Reaches High on NSE and BSE
The scrip reached a high of Rs 274.4 on the NSE, and Rs 274.3 on the BSE.
Closing Price on Day One
The scrip closed at Rs 248.4 on the BSE and Rs 248.44 on NSE.
Strong Trading Activity
As per NSE, the total quantity traded stood at 990.42 lakh shares, on BSE the total Quantity stood at 88.21 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 2,841.3 crore.
Market Capitalisation
The Market Capitalisation of the Company at today’s closing price stood at Rs 13,903.19 crore as per BSE and Rs 13,942.37 crore as per NSE.
Strong Investor Demand
The issue received bids of 3,95,22,17,604 equity shares against the offered 6,27,61,403 equity shares, according to data available on the stock exchanges.
Qualified Institutional Buyers (QIB) and Retail Portion were subscribed 145.38 times and 11.8 times, respectively. Non-Institutional Investors (NII) portion was subscribed 73.9 times.
About the Company
The company is a jewellery retailer operating under the brand name Lalithaa, offering a diverse range of gold jewellery, silver jewellery, and diamond jewellery across styles, designed to cater to regional preferences of southern jewellery markets.
The company serves the southern market with authenticated BIS-hallmarked jewellery through its 61 stores in 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and the Union Territory of Puducherry, spread across a total operational area of 650,881 sq. ft., as of March 31, 2026. The company stands out as a disruptive brand, offering gold jewellery at competitive prices due to its in-house manufacturing capabilities.
FAQs
What was Lalithaa Jewellery Mart Limited’s IPO listing price?
Lalithaa Jewellery Mart Limited listed at Rs 265.3 on the exchange.
What was the premium on Lalithaa Jewellery Mart’s IPO listing?
The IPO listed at a premium of 32% to the IPO price.
What was the highest price reached by Lalithaa Jewellery Mart on NSE?
The scrip reached a high of Rs 274.4 on the NSE.
How many stores does Lalithaa Jewellery Mart Limited operate?
The company operates 61 stores in 51 cities across southern markets as of March 31, 2026.
What types of jewellery does Lalithaa offer?
The company offers gold jewellery, silver jewellery, and diamond jewellery across styles.
How much was the Day 1 turnover of Lalithaa Jewellery Mart’s shares?
Total Turnover on BSE and NSE on Day 1 stood at Rs 2,841.3 crore.
What was the QIB subscription for Lalithaa Jewellery Mart’s IPO?
The QIB portion was subscribed 145.38 times.
What was the Retail subscription for Lalithaa Jewellery Mart’s IPO?
The Retail Portion was subscribed 11.8 times.
Source: SVAR Media Network
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