Lalithaa Jewellery Mart IPO: Issue subscribed near 63 times, GMP signals 20% listing gain. Apply or not?

Lalithaa Jewellery Mart IPO Day 3 LIVE: Bidding for the initial public offering (IPO) of Lalithaa Jewellery Mart Ltd ended after three days of bidding from 17 to 19 August 2026. The company's management had offered shares of Lalithaa Jewellery Mart at a price band of ₹190 to ₹201 per equity share. The public issue is proposed for listing on the BSE and NSE exchanges. Meanwhile, the grey market is showing strong gains for investors. According to the Lalithaa Jewellery Mart IPO subscription status, the public issue has been booked nearly 63 times after the bidding closed on 19 August 2026.

Lalithaa Jewellery Mart IPO GMP today

According to market observers, the company shares are available at a premium of ₹40 in the grey market today. On Tuesday, Lalithaa Jewellery Mart IPO GMP was ₹30, which means the grey market has gone bullish on the book-building issue after the srong response by the primary market investors. Observers said the Lalithaa Jewellery Mart IPO GMP (Grey Market Premium) today is ₹40, which is around 20% higher than the upper price band of the book-building issue. So, Lalithaa Jewellery Mart IPO GMP today is signalling around 20% listing gain for investors.

Lalithaa Jewellery Mart IPO subscription status

By 5:00 PM on day 3, the public issue had been booked 62.97 times, the retail portion had been subscribed 11.81 times, and the NII segment had been filled 73.89 times. The QIB portion had been subscribed to 145.38 times.

Lalithaa Jewellery Mart IPO review

Giving an ‘Apply’ tag to the public issue, KC Securities says, “At the upper price band, the issue is valued at 11.14x FY26 P/E Post Issue, which appears attractive compared with listed peers. Given its strong brand, scalable business model, healthy return ratios and long-term growth potential, we believe Lalithaa Jewellery is well-positioned to benefit from the structural growth of organised jewellery retail. We recommend investors to SUBSCRIBE to the issue from a long-term perspective.”

Swastika Investmart has also assigned a ‘subscribe’ tag to the book-building issue, saying, “Lalithaa is priced at a ~75% discount on a P/E basis compared to national organised peers like Kalyan Jewellers and Titan. While its net margins (4.04%) are slimmer due to its value-pricing stance, its return ratios (ROE > 41%) significantly outperform peer group averages. Apply with moderate conviction, suitable for listing gains and long-term investors who are comfortable with the associated risks.”

Axis Capital and SMIF Securities have also assigned a ‘subscribe’ tag to Lalithaa Jewellery Mart IPO.

Lalithaa Jewellery Mart IPO details

In the wake of the ‘T+3’ listing rule, the most likely Lalithaa Jewellery Mart IPO allotment date is 20 August 2026, whereas the most likely Lalithaa Jewellery Mart IPO listing date is 24 August 2026.

MUFG Intime India Private Ltd has been appointed the official registrar of the public issue.

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