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IPO Listed — 24 Aug 2026

Listing Price: ₹265 (+31.84% vs ₹201)

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Lalithaa Jewellery Mart

Lalithaa Jewellery Mart IPO Review

Lalithaa Jewellery Mart IPO has been reviewed by 6 analysts, and the overall consensus is Strong Apply — carrying a score of 91. Out of the 6 analysts who have covered this IPO, 5 recommend subscribing while 1 advises caution or avoidance — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹190-201 per share , with a minimum application size of 74 shares (minimum investment of approximately ₹14,874 at the upper band) . Subscription ran from 17 Aug 2026 to 19 Aug 2026. As of now, the grey market premium (GMP) for Lalithaa Jewellery Mart IPO is quoting at ₹75 (37.31%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

Lalithaa Jewellery Mart is a mass-market jewellery retailer running 61 stores across 51 cities, with in-house manufacturing at Chennai and Kanchipuram and Tamil Nadu contributing 54 percent of FY26 revenue. FY26 income was ₹25,039.80 crore with profit of ₹1,009.82 crore. Five of the six analysts covering it said subscribe, one stayed neutral.

Listing Gains

The notes value the issue at about 11.1 times FY26 diluted earnings of ₹18.0, on a market cap near ₹11,250 crore. Analysts describe this as a steep discount to listed peers, several of which trade between roughly 21 and 78 times. That valuation gap was the main reason the coverage leaned positive.

Short Term Strategy

Profit nearly tripled in FY26, from ₹364.73 crore to ₹1,009.82 crore, which the notes attribute to store expansion and strong return ratios. Their caution is working capital, as customer savings schemes have pushed advances to 9 percent of revenue. Fresh money funds ten new stores, so near-term growth depends on that rollout.

Long Term Strategy

The long-term case in the notes rests on deep regional penetration across South Indian tier two and tier three cities, an established brand, and a scalable store network supported by savings schemes that drive repeat purchase. The main risk they flag is concentration in gold, which gave 92 percent of FY26 revenue.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Table of Contents

Analyst Sentiment

Analytical Score

How it's calculated?
Strong Apply
91 / 100

Recommend Subscribe

Based on 6 analyst reviews

5 / 6

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst Verdict View
Nirmal Bang
Nirmal Bang
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Adroit Financial Services
Adroit Financial Services
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BP Equities
BP Equities
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SBI Securities
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Neutral
Angel One
Angel One
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Marwadi Shares & Finance
Marwadi Shares & Finance
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Frequently Asked Questions

Should I apply for Lalithaa Jewellery Mart IPO?

Based on analyst coverage tracked on this page, the overall verdict for Lalithaa Jewellery Mart IPO is Strong Apply. Out of 6 analysts who have reviewed this IPO, 5 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 91 mean for Lalithaa Jewellery Mart IPO?

The score of 91 is an aggregate of all analyst ratings tracked for Lalithaa Jewellery Mart IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Scroll down to read individual analyst verdicts for more context.

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% (₹64 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Lalithaa Jewellery Mart IPO?

Lalithaa Jewellery Mart IPO was priced at ₹190-201 per share. The minimum lot size is 74 shares, making the minimum investment approximately ₹14,874 at the upper end of the price band. Subscription ran from 17 Aug 2026 to 19 Aug 2026.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.