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The Economic Times

Ritesh Presswala

Lalithaa Jewellery Mart's Rs 1,700-cr IPO opens: GMP signals 15% premium. Should you subscribe?

Lalithaa Jewellery Mart Lalithaa Jewellery Lalithaa IPO India

The much-awaited Lalithaa Jewellery Mart IPO opened for subscription on August 17, 2026, giving investors a three-day window to bid for shares of the Chennai-based jewellery retailer. With the issue already commanding a 15% premium in the grey market, investor interest is expected to remain strong.

Lalithaa Jewellery Mart has fixed the IPO price band at Rs 190–Rs 201 per share. The Rs 1,700-crore issue comprises a fresh issue of Rs 1,200 crore and an offer for sale (OFS) of Rs 500 crore by promoter and founder Kiran Kumar Jain.

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