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Lalithaa Jewellery seeks ₹1,700 crore IPO to fund 10 new stores
South India jewellery retailer Lalithaa Jewellery Mart launches a ₹1,700 crore IPO, with most fresh proceeds funding 10 new stores. The 61-store chain reported strong FY26 revenue and profit growth, while brokerages flagged gold-price exposure, negative operating cash flow and a GST dispute.
Store and format facts
From the report. Source details below
| Price band: | ₹190-201 per share |
|---|---|
| 61 existing stores across | 51 southern Indian cities |
| ₹508.2 crore raised from | 22 anchor investors |
| FY26 revenue: | ₹25,023.9 crore, up 48.1% YoY |
| FY26 net profit: | ₹1,009.8 crore, up 177% YoY |
| FY26 EBITDA margin: | 6.5% |
| Proposed valuation: | around ₹11,250 crore |
Also in the report
- Up to ₹500 crore offer for sale
- ₹1,033.2 crore of net proceeds earmarked for new stores
Other figures
- ₹1,200 crore fresh issue
- ₹1,066 crore GST dispute