Lalithaa Jewellery Mart has fixed its initial public offering (IPO) price band between ₹190 and ₹201 per equity share, each with a face value of ₹5. The subscription window for the IPO is scheduled from August 17 to August 19, with the shares expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 24, according to livemint.com.
The allocation for anchor investors will take place on August 14, ahead of the public subscription period. The company has disclosed these details as part of its IPO launch process, aiming to raise capital from the public markets. The IPO price band indicates the range within which investors can bid for the shares during the subscription period, a standard procedure in Indian equity offerings.
This IPO comes at a time when the Indian jewellery retail sector is witnessing increased investor interest, with several regional players seeking to expand their footprint through public listings. Lalithaa Jewellery Mart’s pricing strategy positions it competitively among recent jewellery IPOs, reflecting market conditions and investor appetite. The listing on both BSE and NSE will provide liquidity and visibility to the company’s shares in the broader capital markets.
The company’s shares are set to debut on August 24, marking a key milestone in its transition to a publicly traded entity. The anchor investor allocation on August 14 will provide an early indication of institutional demand ahead of the public subscription window starting August 17.