Lalithaa Jewellery Mart Limited IPO is fully book build issue and total IPO size is ₹1700 crores. The offering includes a fresh issue worth ₹1200 crores and an offer for sale of ₹500 crores.
The dates for the Lalithaa Jewellery Mart Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Lalithaa Jewellery Mart Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Lalithaa Jewellery Mart Limited IPO has not been announced yet.
Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Lalithaa Jewellery Mart Limited IPO are Anand Rathi Advisors Limited, Equirus Capital Private Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹5 Per Equity Share |
| Total Issue Size | ₹1,700.00 Crores |
| Fresh Issue | ₹1,200.00 Crores |
| OFS Issue | ₹500.00 Crores |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Lalithaa Jewellery Mart Limited Company
Lalithaa Jewellery is a prominent jewellery retailer in southern India, known for its diverse range of gold, silver, and diamond jewellery catering to regional preferences. With 56 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Puducherry, Lalithaa Jewellery focuses on competitive pricing and authenticated BIS-hallmarked jewellery.
The company has a strong presence in Tier II and Tier III cities, with 41 stores contributing to 59.05% of its revenue. Lalithaa Jewellery has achieved significant growth, reporting an operating revenue CAGR of 43.62% between Fiscal 2022 and 2024. Revenue increased from ₹8,139.42 crore in Fiscal 2022 to ₹16,788.05 crore in Fiscal 2024.
Lalithaa Jewellery also provides customer-centric jewellery schemes like ‘Dhana Vandhanam’ and ‘Free-yo-Flexi’, attracting repeat customers. The company had the highest advances from customers among key organised jewellery players in India for Fiscal 2024, amounting to ₹1,943.23 crore.
Manufacturing operations are conducted in two facilities located in Tamil Nadu. These facilities enhance the brand's commitment to quality and competitive pricing within the southern Indian market.
Lalithaa Jewellery Mart Limited Financial Details
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6355.59 | 5182.26 | 4242.42 | 3211.43 |
| Revenue | 12,603.04 | 16788.05 | 13,322.62 | 8,144.73 |
| Profit After Tax | 262.33 | 359.83 | 238.39 | 166.77 |
| Net Worth | 1,928.15 | 1,667.78 | 1,310.95 | 1,071.62 |
| Reserves and Surplus | 1574.75 | 1552.46 | 1195.64 | 956.30 |
| Total Borrowing | 897.11 | 908.79 | 540.11 | 623.93 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 7.20 | 24.16% | 31.29 | 0.49 | 25.96% | 30.44% |
Offer Objectives
The Offer involves a Fresh Issue by the Company and an Offer for Sale (OFS) by the Promoter Selling Shareholder, M. Kiran Kumar Jain, for up to ₹50 crore. The company will not receive any proceeds from the Offer for Sale.
Promoter Lock-in: Equity Shares held by Promoters are locked-in for three years as per SEBI ICDR Regulations. These shares are not ineligible for Promoter's Contribution computation and don't consist of shares acquired for non-cash consideration or through bonus issues utilizing revaluation reserves. Some shares are also locked in for six months or any other period prescribed under applicable law.
In addition to 20% of the fully diluted post-Offer shareholding of our Company held by our Promoters and locked -in for a period of three years and our Promoters’ shareholding in excess of 20% of the post -Offer equity share capital which shall be locked in for a period of one year as specified above. The entire pre-Offer Equity Share capital of our Company (other than the Equity Shares held by our Promoters) will be locked -in for a period of six months from the date of Allotment.
Anchor Investor Lock-in: 50% of Equity Shares allotted to Anchor Investors are locked in for 90 days, and the remaining 50% for 30 days from the date of Allotment.
Shareholding Pattern: As of May 30, 2025, Promoters hold approximately 48.85 crore Equity Shares (97.72%), while the Public holds around 1.14 crore Equity Shares (2.28%).
Director Shareholding: Directors P. Rajeswaran and D. Padmanaban each hold 115,542 and 115,500 Equity Shares respectively, representing 0.02% each pre-Offer.
Utilization of Net Proceeds: The company plans to utilize the Net Proceeds from the Fresh Issue for funding capital expenditure for setting up 12 new stores (₹101.45 crore) and for general corporate purposes. General corporate purposes shall not exceed 25% of the gross proceeds.
Company Details
Address:
123, Usman Road, T. Nagar, Chennai 600017, Tamil Nadu, India.
Phone: + 044 2834 9869
Email: [email protected]
Website: http://www.lalithaajewellery.com
IPO Registrar Details
MUFG Intime India Private Limited
Phone: +91 810 811 4949, +91 22 4918 6200
Email: [email protected]
Website: http://www.linkintime.co.in
Offer Prospectus & Documents
Lead Managers
- Anand Rathi Advisors Limited
- Equirus Capital Private Limited
