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Lalithaa Jewellery lists at 32% premium; ₹1,200 crore fresh issue to fund 10 stores
South India-focused jewellery retailer Lalithaa Jewellery Mart debuted at about a 32% premium after its Rs 1,700-crore IPO. Fresh capital will fund 10 new stores, adding to its existing 61-store network across five southern markets.
Reported figures
From the report. Source details below
| Listed at Rs 265.30 on BSE, 31.99% above | Rs 201 offer price |
|---|---|
| Listed at Rs 265 on NSE, | 31.84% premium |
| Fresh issue: | Rs 1,200 crore; OFS: Rs 500 crore |
| IPO subscribed | 62.97 times |
| QIB subscription: | 145.38 times; NII: 73.90 times; retail: 11.81 times |
| Operates 61 stores across | 51 cities |
| FY24-FY26 revenue CAGR: | 22%; EBITDA CAGR: 60%; PAT CAGR: 68% |
| FY26 EBITDA margin: | 6.5%, up 240 bps YoY |