Lalitha Jewellery Mart Pvt Ltd is gearing up to make its stock market debut with an initial public offering (IPO) valued at ₹1,700 crore. The offering will include ₹1,200 crore through fresh equity, while promoters plan to divest shares worth ₹500 crore via the Offer for Sale (OFS) route.
The company had submitted its application to SEBI in June, receiving approval recently to proceed with the public issue. Headquartered in Chennai, Lalitha Jewellery operates two manufacturing units in Tamil Nadu and maintains a strong retail footprint with 56 branches nationwide, especially across southern states.
The IPO aims to bolster the company’s capital base, fund business expansion, and enhance brand visibility in the competitive jewelry sector. With a trusted brand and extensive branch network, Lalitha Jewellery seeks to attract both institutional and retail investors, positioning itself as a key player in India’s organized jewelry market while supporting future growth initiatives.
