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Lalithaa Jewellery Mart IPO draws 14.2x subscription; GMP signals 22% listing premium
South India-focused jewellery retailer Lalithaa Jewellery Mart’s Rs 1,700 crore IPO was subscribed 14.2 times on its final bidding day. Its Rs 44.5 GMP implied a 22.14% listing gain, versus 0.83% for Horizon Industrial Parks.
Reported figures
From the report. Source details below
| Lalithaa fresh issue: | Rs 1,200 crore |
|---|---|
| Lalithaa OFS: | Rs 500 crore |
| Lalithaa price band: | Rs 190-Rs 201 per share |
| Lalithaa implied listing price: | Rs 245.5 |
| Lalithaa subscription: | 14.20 times |
| Horizon Industrial Parks IPO size: | Rs 2,600 crore |
| Horizon fresh issue: | 43.34 crore shares / Rs 2,600 crore |
| Horizon price band: | Rs 57-Rs 60 per share |
| Horizon GMP: | Rs 0.5 |
| Horizon implied listing price: | Rs 60.5 |
| Horizon subscription: | 0.38 times |
The source
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