Lalithaa Jewellery Mart IPO: GMP, Subscription Figures And Estimated Listing Price Explained
Humpy Adepu
Issue Size: Lalithaa Jewellery Mart launched a ₹1,700 crore IPO, comprising a ₹1,200 crore fresh issue and ₹500 crore offer for sale.
Price Band: The IPO price band was fixed at ₹190-₹201 per share, with investors required to bid for a minimum 74 shares.
Subscription Status: The IPO closed with an overall subscription of 66.63 times, reflecting strong demand across investor categories during the issue period.
QIB Demand: Qualified institutional buyers showed exceptionally strong interest, subscribing to approximately 154 times their reserved portion by the issue’s closing.
NII Demand: The non-institutional investor category recorded heavy demand, with its reserved portion subscribed around 78.17 times during the IPO.
Retail Demand: Retail investors subscribed 12.51 times their reserved portion, highlighting substantial participation despite intense competition for share allotment.
Latest GMP: The latest grey market premium was reported around ₹60-₹80, indicating an estimated listing price potentially above the IPO’s upper band.
Estimated Listing: Based on the reported GMP, shares could potentially list around ₹261-₹281, although grey-market premiums remain unofficial indicators.
Listing Date: Lalithaa Jewellery Mart shares are scheduled to list on BSE and NSE on August 24, 2026, following the IPO allotment process.