2026-08-11 05:02:14 pm | Source: Accord Fintech
Lalithaa Jewellery Mart to come up with IPO on August 17
Lalithaa Jewellery Mart is coming out with an initial public offering (IPO) to raise around Rs 1,700 crore. The issue will open on August 17, 2026 and will close on August 19, 2026. It has fixed a price band of Rs 190 -201 per share.
The IPO comprises a fresh issue of shares worth up to Rs 1,200 crore and an Offer For Sale (OFS) of shares worth up to Rs 500 crore. Proceeds from the fresh issue will primarily be used to set up new stores, while a portion will be utilised for general corporate purposes. The shares of the bank are proposed to be listed on NSE and BSE.
Lalithaa Jewellery Mart, which opened its first store in T Nagar, Chennai, in 1985, sells gold jewellery, silverware and diamond jewellery.
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