Incorporated in November 1985, Lalithaa Jewellery Mart Limited is a jewellery retail company with a strong regional presence across South India, catering primarily to the mass and value-conscious customer segment. The Company offers a diverse range of gold, silver, diamond, precious and semi-precious jewellery, with a focus on quality, craftsmanship and original designs. The Company has established strong brand acceptance in Tier II and Tier III cities across southern India.
The Company operates through Large Format Stores and Medium Format Stores, which support its retail expansion and scale. It follows an asset-light retail business model with backward integration, supported by efficient inventory management and quality control processes. The Company also offers a diverse range of jewellery schemes, contributing to its robust customer base.
Lalithaa Jewellery Mart serves customers through its retail network, offering jewellery products across various categories and designs. The Company focuses on catering to the preferences of mass and value-conscious consumers while strengthening its presence in high-growth South Indian markets.
As of March 31, 2026, the Company had 7,059 employees across senior management, managerial, sales, security, administration, back-office and other functions.
Key Strengths
Lalithaa Jewellery Mart Ltd.’s revenue increased by 48% and profit after tax (PAT) rose by 177% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 10,945.14 | 6,929.68 | 5,182.26 |
| Total Income | 25,039.80 | 16,907.88 | 16,800.62 |
| Profit After Tax | 1,009.82 | 364.73 | 359.83 |
| NET Worth | 3,033.14 | 2,028.80 | 1,667.78 |
| Reserves and Surplus | 2,679.74 | 1,675.39 | 1,552.46 |
| Total Borrowing | 1,604.14 | 949.26 | 824.18 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Advit Jewels Ltd. | Mainboard | ₹165.16 Cr | ₹138 | 18.41 | ₹179.46 | +30.04% | ₹177.79 |
| PNGS Reva Diamond Jewellery Ltd. | Mainboard | ₹379.52 Cr | ₹386 | 10.96 | ₹411.70 | +6.66% | ₹571.75 |
| Shringar House of Mangalsutra Ltd. | Mainboard | ₹400.92 Cr | ₹165 | 19.47 | ₹184.88 | +12.05% | ₹223.27 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding expenditure towards setting-up of 10 New Stores: (a) Capital expenditure for fit-outs in the nature of furniture and fixtures, equipment, IT hardware and software | 34.55 |
| 2 | Funding expenditure towards setting-up of 10 New Stores: (b) Expenditure towards inventory costs for setting up of New Stores | 998.68 |
| 3 | General corporate purposes | |
| Total | 1,033.23 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 41.60% |
| ROCE | 42.60% |
| Debt/Equity | 0.53 |
| RoNW | 39.90% |
| PAT Margin | 4.04% |
| NAV | 58.60 |
| Price to Book Value | 3.43 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 20.20 | 18.04 |
| P/E (x) | 9.95 | 11.14 |
| IPO Date | 17 to 19 Aug, 2026 |
| Listing Date | Mon, Aug 24, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹190 to ₹201 |
| Lot Size | 74 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹19.00 |
| Total Issue Size | 8,46,08,276 shares (agg. up to ₹1,700 Cr) |
| Fresh Issue | 5,97,32,655 shares (agg. up to ₹1,200 Cr) |
| Offer for Sale | 2,48,75,621 shares of ₹5 (agg. up to ₹500 Cr) |
| Share Holding Pre Issue | 49,99,77,156 shares |
| Share Holding Post Issue | 55,97,09,811 shares |
The promoters of the company are M.Kiran Kumar Jain and Hemaa Kiran Kumar Jain.
| Share Holding Pre Issue | 97.72% |
| Share Holding Post Issue | 82.85% |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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