• Non-institutional investors portion subscribed 6.46 times on Day 2
  • Issue closes on Wednesday, August 19, 2026, for bidding

Mumbai: The Initial Public Offering of Lalithaa Jewellery Mart Limited was subscribed 3.07 times on the second day of bidding, demonstrating strong demand from retail, qualified institutional buyers (QIB) and non-institutional investors for this IPO.

The issue received bids of 19,25,66,944 equity shares against the offered 6,27,61,403 equity shares, according to data available on the stock exchanges.

Retail Portion and Non-institutional portion were subscribed 2.78 times and 6.46 times respectively. Qualified Institutional Buyers (QIB) was subscribed 1.02 times whereas employee reserved portion was subscribed 3.09 times.

The issue kicked off for subscription on Monday, August 17, 2026, and will close for subscription on Wednesday, August 19, 2026.

Brokerage houses recommend company

Leading brokerage firms like Adroit Financial, BP Wealth, GEPL Capital, SMIFS Limited and Ventura Securities have given their “Subscribe” recommendation to Lalithaa Jewellery Mart Limited, which 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.

BP Wealth highlights the company operates a mass-market, value-conscious jewellery retail model, positioned as a trusted, accessible brand for customers seeking quality jewellery at affordable prices, differentiated from premium and metro-centric chains.

On the valuation front, at the upper price band of Rs. 201, the issue is valued at 11.1 times FY26 diluted EPS of Rs.18.0, compared with the listed peer average P/E of 29.7 times. Recommend ‘Subscribe’.

GEPL Capital highlights the company operates under the Lalithaa brand and offers a diverse portfolio of gold, silver and diamond jewellery tailored to regional preferences across southern region.

On the valuation front, based on FY26 earnings, relative to the company’s paid-up capital, the issue is priced at a P/E ratio of 11 times. Recommend ‘Subscribe’.