IPO Listed — 24 Aug 2026
Listing Price: ₹265
Lalithaa Jewellery Mart IPO GMP History | Listing Price ₹265 & Kostak Rate
Lalithaa Jewellery Mart IPO has been listed on August 24, 2026 at a listing price of ₹265, against the issue price of ₹201 — a gain of ₹64 (+31.84%). The GMP peaked at ₹79 on 22 August 2026 and reached a low of ₹15 on 11 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Lalithaa Jewellery Mart IPO raised ₹1700 Cr. through its IPO at a price band of ₹190 to ₹201 per share, with a lot size of 74 shares. The IPO was open for subscription from 17 Aug 2026 to 19 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 24 Aug 2026 | ₹ 75 | 37.31% | ₹ 0 | ₹ 0 | |
| 23 Aug 2026 | ₹ 75 | 37.31% | ₹ 0 | ₹ 0 | |
| 22 Aug 2026 | ₹ 79 | 39.30% | ₹ 0 | ₹ 0 | |
| 21 Aug 2026 | ₹ 66 | 32.84% | ₹ 0 | ₹ 0 | |
| 20 Aug 2026 | ₹ 61 | 30.35% | ₹ 0 | ₹ 0 | |
| 19 Aug 2026 | ₹ 54 | 26.87% | ₹ 0 | ₹ 0 | |
| 18 Aug 2026 | ₹ 40 | 19.90% | ₹ 0 | ₹ 0 | |
| 17 Aug 2026 | ₹ 30 | 14.93% | ₹ 0 | ₹ 0 | |
| 16 Aug 2026 | ₹ 29.5 | 14.68% | ₹ 0 | ₹ 0 | |
| 15 Aug 2026 | ₹ 25 | 12.44% | ₹ 0 | ₹ 0 | |
| 14 Aug 2026 | ₹ 24 | 11.94% | ₹ 0 | ₹ 0 | |
| 13 Aug 2026 | ₹ 38 | 18.91% | ₹ 0 | ₹ 0 | |
| 12 Aug 2026 | ₹ 41 | 20.40% | ₹ 0 | ₹ 0 | |
| 11 Aug 2026 | ₹ 15 | 7.46% | ₹ 0 | ₹ 0 |
Lalithaa Jewellery Mart IPO Dates
| Event | Date |
|---|---|
| Open Date | 17 Aug, 2026 |
| Close Date | 19 Aug, 2026 |
| Allotment Date | 20 Aug, 2026 |
| Refund Date | 21 Aug, 2026 |
| Credit to Demat | 21 Aug, 2026 |
| Listing Date | 24 Aug, 2026 |
Lalithaa Jewellery Mart IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹201 |
| GMP-Based Estimate (Pre-Listing) | ₹276 (+37.3%) |
| Actual Listing Price | ₹265 (+31.84%) |
| Listing Gain / Loss | +₹64 per share |
| Listing Date | 24 Aug, 2026 |
Is Lalithaa Jewellery Mart IPO GMP Reliable?
Grey market premium for Lalithaa Jewellery Mart IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Lalithaa Jewellery Mart IPO full review for a fundamentals-based assessment before making any grey market trades.
Lalithaa Jewellery Mart IPO IPO Kostak Rate Explained
The Kostak rate for Lalithaa Jewellery Mart IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Lalithaa Jewellery Mart IPO
The company is strong in Tier II and Tier III cities of South India. It runs Large Format Stores and Medium Format Stores. It follows an asset light model with backward integration, which means it makes a part of its own jewellery and keeps control on quality and stock. It also runs several jewellery saving schemes, which bring customers back to the store again and again.
As on 31 March 2026, the company had 7,059 employees working in sales, security, administration, back office and management roles.
Strengths & Risks
Strengths
- ✓ FY2026 was a very strong year. Total income grew 48% from Rs 16,907.88 crore to Rs 25,039.80 crore, and profit after tax grew 177% from Rs 364.73 crore to Rs 1,009.82 crore.
- ✓ Return ratios are high. RoCE was 42.60% and RoNW was 39.90%.
- ✓ The issue is priced low on earnings. At the upper band of Rs 201 the post issue P/E is about 11.14 times on an EPS of Rs 18.04.
- ✓ The company has a long track record. It has been in the jewellery business since November 1985, which is about 40 years.
- ✓ It has deep reach in Tier II and Tier III cities of South India, where organised jewellery chains are still growing.
- ✓ Out of the Rs 1,700 crore issue, Rs 1,200 crore is fresh money. About Rs 1,033.23 crore of that is for opening 10 new stores.
- ✓ The jewellery schemes give the company a steady flow of customer money and repeat buying.
Risks
- ⚠ The big jump in profit is of one year only. Between FY2024 and FY2025 total income was almost flat, moving only from Rs 16,800.62 crore to Rs 16,907.88 crore, which is less than 1% growth.
- ⚠ Profit margin is thin. PAT margin was only 4.04%, which is normal in gold retail but means a small rise in cost or fall in price can hurt profit quickly.
- ⚠ Borrowing went up 69% in one year, from Rs 949.26 crore to Rs 1,604.14 crore.
- ⚠ Rs 500 crore of the Rs 1,700 crore issue is an offer for sale. That money goes to the selling shareholders, not to the company.
- ⚠ Most of the fresh money goes into stock, not into fixed assets. Out of Rs 1,033.23 crore for new stores, Rs 998.68 crore is for inventory. This is a working capital heavy business.
- ⚠ The business is concentrated in South India. Any slowdown, local competition or regulation in that region will affect almost the whole business.
- ⚠ Gold price movement and festive season demand decide sales. A sharp rise in gold price usually slows down buying by volume.
- ⚠ Promoter holding will come down from 97.72% to 82.85% after the issue.
Frequently Asked Questions about Lalithaa Jewellery Mart IPO
What is the GMP of Lalithaa Jewellery Mart IPO?
The current Grey Market Premium (GMP) of Lalithaa Jewellery Mart IPO is ₹ 75.
What is the Kostak Price of Lalithaa Jewellery Mart IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Lalithaa Jewellery Mart IPO is currently not available.
What is the Subject to Sauda Price of Lalithaa Jewellery Mart IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Lalithaa Jewellery Mart IPO?
Lalithaa Jewellery Mart IPO listed on August 24, 2026 at ₹265, against the issue price of ₹201 — a gain of +31.84%.
How did the GMP of Lalithaa Jewellery Mart IPO trend before listing?
The GMP of Lalithaa Jewellery Mart IPO was stable in its final days before listing. The GMP peaked at ₹79 on 22 August 2026. View the day-wise table above for the complete GMP history.
Explore Lalithaa Jewellery Mart IPO Further
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