• Price band of ₹190 to ₹201 per Equity Share bearing face value of ₹5 each (“Equity Shares”)
  • Bid/Offer Opening Date – 17 August 2026 and Bid/Offer Closing Date, 19 August 2026.
  • Minimum Bid Lot is 74 Equity Shares and in multiples of 74 Equity Shares thereafter

Mumbai: Lalithaa Jewellery Mart Limited (the “Company”) has fixed the price band of ₹190/- to ₹201/- per Equity Share of face value ₹5/- each for its initial public offer.

The Initial Public Offer (“IPO” or “Offer“) of the Company will open on 17 August 2026, for subscription and close on 19 August 2026.

Investors can bid for a minimum of 74 Equity Shares and in multiples of 74 Equity Shares thereafter.

Equity shares outstanding as on date is 499,977,156 Equity Shares of ₹5 each.

The IPO is a fresh issue of up to ₹1200.00 crore and an offer-for-sale up to ₹500.00 crore by promoter of the Company, M. Kiran Kumar Jain.

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 Indian jewellery markets.

The Company strive to serve the southern Indian market with authenticated BIS-hallmarked jewellery through its 61 stores in 51 cities across 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.

In Fiscal 2026, 45 of its 61 stores are in Tier-II and Tier-III cities, contributing to 60.25% of its revenues and reflecting the Company’s strategic focus on these high-growth potential markets (Source: CRISIL Report). The Company believes that its emphasis on quality, craftsmanship and design at competitive prices has allowed it to gain this brand position.

Out of a total of 61 stores, in Fiscal 2026, the Company operated 51 stores with an aggregate area of each store more than 5,000 sq. ft. These stores are strategically located across cities and towns in key jewellery consumption markets in the southern India, of which 39 stores are located in Tier-II and Tier-III cities. Its strategy of opening large format stores (more than 15,000 sq.ft) and medium format stores (less than or equal to15,000 sq.ft and more than 5,000 sq.ft) allows it to showcase a wide selection of gold, silver and diamond jewellery, which it believes to be instrumental in driving the Company’s growth.

The Company had the highest operating revenue per store amongst key organised jewellery players in India, at ₹410.23 crore, ₹281.62 crore and ₹316.76 crore for Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively (Source: CRISIL Report).

The Company has been able to create a templatised approach for store location, size and overall customer experience, which enables it to scale for growth in existing as well as potentially newer markets.

The Company also offers jewellery schemes such as ‘Dhana Vandhanam’ and ‘Free-yo-Flexi’ that attract customers on a repeated basis. These schemes are designed to provide added value and flexibility to its clientele, encouraging them to engage with its brand repeatedly.