Summary:
Lalithaa Jewellery Mart’s ₹1,700 crore IPO closed with 55.80x subscription, led by QIBs at 123.10x and NIIs at 72.69x. The company reported strong FY26 growth, with revenue at ₹25,039.80 crore and profit at ₹1,009.82 crore. The IPO is scheduled for August 24, with allotment expected on August 20.
Lalithaa Jewellery Mart's IPO closed its bidding window on August 19, 2026, the final day of a three-day subscription period. Incorporated in November 1985, the company is a jewellery retailer operating under the brand name "Lalithaa," offering gold, silver, diamond, and precious and semi-precious jewellery, with a strong regional presence across South India. It serves the mass and value-conscious segment through 61 stores in 51 cities across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Puducherry, backed by in-house manufacturing capabilities and an asset-light retail model.
This is a ₹1,700 crore IPO, made up of a ₹1,200 crore fresh issue and an offer for sale of ₹500 crore. The fresh issue proceeds are earmarked for funding the setup of 10 new stores, among other purposes, while the OFS portion goes to existing shareholders selling part of their stake.
Price band was ₹190 to ₹201 per share. Lot size is 74 shares, so retail investors needed ₹14,874 to apply at the upper end. Listing is expected August 24 on both BSE and NSE.
Lalithaa Jewellery Mart IPO - Day 3 Subscription Status
Day 1 closed at a modest 0.46x overall. Demand accelerated dramatically through the final day, with the issue closing subscribed 55.80 times overall by the close of bidding.
Category-wise Breakdown on Day 3
| Category | Subscription (Final close) |
| Qualified Institutional Buyers (QIB) | 123.10x |
| Non-Institutional Investors (NII) | 72.69x |
| — Big NII (>₹10L) | 84.85x |
| — Small NII (₹2–10L) | 48.37x |
| Retail Individual Investors (RII) | 10.64x |
| Employees | 7.97x |
| Overall | 55.80x |
Figures as of the final close, August 19, 2026, per NSE data. The issue received bids for 3,50,20,90,108 shares against 6,27,81,403 shares on offer.
What Day 3 Numbers Indicate
QIB has driven this final-day surge in dramatic fashion, closing at an extraordinary 123.10x, a very strong signal of institutional conviction, since QIB investors typically place the bulk of their bids only once they've had time to assess how the rest of the book has filled up. NII followed with a very healthy close of 72.69x, with big HNIs (84.85x) running well ahead of small HNIs (48.37x).
Retail and the employee quota both closed comfortably oversubscribed too, at 10.64x and 7.97x respectively, more measured than the institutional surge but still a strong showing across the board.
The jump from 0.46x at Day 1's close to 55.80x by the final close, powered almost entirely by QIB and NII, reflects deep institutional and HNI confidence in Lalithaa's business. Given the company's exceptionally strong FY26 financial performance, revenue rising to ₹25,039.80 crore from ₹16,907.88 crore in FY25, with profit nearly tripling to ₹1,009.82 crore, this overwhelming late-stage demand tracks with a solid underlying business case.
Lalithaa Jewellery Mart IPO Subscription Status – Day 3 & Final
With bidding now closed, Lalithaa Jewellery Mart's IPO has finished as one of the most heavily oversubscribed mainboard IPOs of the current cycle, driven overwhelmingly by an extraordinary QIB and NII surge in the final hours. Attention now turns to the allotment process, expected on August 20, and to how the stock performs on its August 24 listing.
Lalithaa Jewellery Mart IPO - Allotment and listing date
| Event | Date |
| Basis of Allotment | August 20, 2026 |
| Listing Date | August 24, 2026 |
Should You Apply for Lalithaa Jewellery Mart IPO?
Since bidding has now closed, here's a look back at what shaped the issue:
- It's a mix of fresh issue and offer for sale, with the ₹1,200 crore fresh issue going toward funding the setup of 10 new stores, among other purposes, while the ₹500 crore OFS portion went to existing shareholders exiting part of their stake.
- FY26 revenue rose sharply to ₹25,039.80 crore from ₹16,907.88 crore in FY25, with profit nearly tripling to ₹1,009.82 crore from ₹364.73 crore.
- The company had the highest operating revenue per store among key organised jewellery players in India in Fiscal 2026, according to the CRISIL Report.
- The issue closed subscribed 55.80 times overall, with QIB at an extraordinary 123.10x, NII at 72.69x, retail at 10.64x, and the employee quota at 7.97x, reflecting overwhelming institutional and HNI conviction alongside strong broad-based demand.
- Given the scale of oversubscription, allotment will almost certainly be decided by lottery across every category, and the odds of receiving shares, even for one lot, will be slim.
This is informational content, not investment advice.
How to Apply for Lalithaa Jewellery Mart IPO
Bidding for this issue has now closed. If you missed the window, keep an eye on the listing date to evaluate the stock from the secondary market instead.
Lalithaa Jewellery Mart IPO Important Dates
| Event | Date |
| IPO Open Date | August 17, 2026 |
| IPO Close Date | August 19, 2026 |
| Basis of Allotment | August 20, 2026 |
| Listing Date | August 24, 2026 |
How to Check Lalithaa Jewellery Mart IPO Subscription Status
How to check Lalithaa Jewellery Mart IPO Subscription Status on NSE website
- Go to the NSE India website and open the "Live IPO Bidding" section.
- Select Lalithaa Jewellery Mart Limited from the dropdown.
- You'll see the final category-wise bid numbers for the closed issue.
How to check Lalithaa Jewellery Mart IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Lalithaa Jewellery Mart under recently closed issues.
- Click on it to view final bid quantity against shares reserved, split by category.
How to check Lalithaa Jewellery Mart IPO Subscription Status on Ventura?
Log into your Ventura account, go to the IPO section, and select Lalithaa Jewellery Mart from the list of recent issues. You'll find the final subscription numbers along with your own application status.
IPO Subscription History
Previous Day Subscription
Day 1 closed with the issue subscribed 0.46 times overall, with the employee quota leading at 1.44x and retail at 0.69x, while QIB had barely picked up at 0.00x.
Final Subscription Figures
The issue closed subscribed 55.80 times overall. QIB closed at 123.10x, NII at 72.69x (bNII 84.85x, sNII 48.37x), retail at 10.64x, and the employee quota at 7.97x.
Conclusion
Lalithaa Jewellery Mart's IPO has closed out its bidding window in dramatic fashion, surging from 0.46x on Day 1 to 55.80x by the final close, powered by an extraordinary QIB rush past 123 times subscription and NII closing near 73 times. Retail and the employee quota both closed comfortably oversubscribed as well. Backed by exceptionally strong FY26 financial growth and a dominant regional presence across South India, this issue has closed as one of the standout mainboard IPOs of the current cycle, heading into its August 24 listing.
