Chennai-based jewellery retailer Lalithaa Jewellery Mart has set the price band for its Rs 1,700-crore initial public offering (IPO) at Rs 190-201 per share.
The mainboard issue will open for subscription on August 17 and is scheduled to list on both the BSE and NSE.The company will raise Rs 1,200 crore through a fresh issue of shares, while promoter and founder Kiran Kumar Jain will offload shares worth Rs 500 crore through an offer-for-sale (OFS).Lalithaa Jewellery Mart IPO detailsThe IPO will open for public subscription on August 17 and close on August 19.
Ahead of the issue, the one-day anchor book for domestic and global institutional investors will open on August 14.Share allotment is expected to be finalised by August 20, with the company's shares likely to make their market debut on August 24.
Retail investors have been allocated 35%, while non-institutional investors will receive the remaining 15%.At the upper end of the price band, the company's price-to-earnings (P/E) ratio, based on diluted earnings per share for financial year 2026, stands at 9.95 times.
At the lower end, the P/E ratio is 9.41 times, compared with an average industry peer-group P/E ratio of 29.69 times for FY26.The floor price is 38 times the face value, while the cap price is 40.20 times the face value.
