Lalithaa Jewellery Mart IPO
Lalithaa Jewellery Mart Limited (LALITHAA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 24 August 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +23.6% (likely range +7% to +44%), day's high +33.8%, chance of a gain 92%. Actual: +31.8% at the open, +36.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,78,31,578 | 2,59,24,36,894 | 145x | |
| NII (HNI) total | 1,33,73,685 | 98,82,70,222 | 73.9x | |
| Big NII (above ₹10 lakh) | 89,15,790 | 76,24,26,736 | 85.5x | |
| Small NII (₹2-10 lakh) | 44,57,895 | 22,58,43,486 | 50.7x | |
| Retail | 3,12,05,263 | 36,85,09,566 | 11.8x | |
| Employees | 3,50,877 | 30,00,922 | 8.55x | |
| Total | 6,27,61,403 | 3,95,22,17,604 | 63.0x |
Bids on NSE and BSE together, as published by NSE, as of 19 Aug 2026, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Lalithaa Jewellery Mart's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| CRIZAC LIMITEDJul 2025 | 134x | 76.2x | 10.2x | 59.8x | ₹904 Cr | +14.7% | +26.2% |
| INOX IndiaDec 2023 | 148x | 53.2x | 15.3x | 61.3x | ₹1,459 Cr | +43.9% | +50.0% |
| P N Gadgil JewellersSep 2024 | 137x | 56.1x | 16.6x | 59.4x | ₹1,158 Cr | +72.9% | +76.7% |
| TruAlt BioenergySep 2025 | 159x | 98.6x | 11.0x | 71.9x | ₹874 Cr | +10.0% | +10.7% |
| Rashi PeripheralsFeb 2024 | 144x | 62.8x | 10.4x | 59.7x | ₹633 Cr | +9.2% | +10.2% |
| Vikram SolarAug 2025 | 143x | 50.9x | 7.65x | 54.6x | ₹2,137 Cr | +1.8% | +14.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Anand Rathi Advisors | 11 | +28.5% | 91% |
| Equirus Capital | 34 | +21.3% | 74% |
Offer documents (NSE)
Frequently asked
What is the Lalithaa Jewellery Mart IPO price band and lot size? ₹190–201 per share, with a lot of 74 shares, so the smallest retail bid is ₹14,874.
How many times has it been subscribed? 63.0x overall: QIB 145x, NII 73.9x, retail 11.8x, employees 8.55x.
How did it list? It opened at ₹265, +31.8% against the issue price of ₹201, and closed its first day +23.6%.
