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Lalithaa Jewellery Mart Ltd. IPO Details

Initial Public Offerings (IPOs) allow you to invest in companies going public. Lalithaa Jewellery Mart Ltd. goes public when it first sells its shares after being listed on BSE or NSE.

Lalithaa Jewellery Mart Ltd.
Objective
1. Funding of capital expenditure for setting up of 12 new stores in India (“New Stores”); and
2. General corporate purposes
IPO Details
Face Value ₹ 5.00 Per Share
Issue Size ₹ 0.00 - 0.00 Cr
Price Band ₹ 0.00 - ₹ 0.00 Per Share
Issue Type Book building
Business Description
Our Company has presence across the south Indian cities with stores operational in Tier I, II and III cities (Source:CRISIL Report). As of D

...

ecember 31, 2024, 41 of our 56 stores are in these Tier II and Tier III cities, contributingto 59.05% of our revenue reflecting our strategic focus on these high-growth potential markets (Source: CRISILReport). We believe that our emphasis on quality, craftsmanship and design at competitive prices has allowed usto gain this brand position.Out of a total 56 stores, as on December 31, 2024, we operate 47 stores with an aggregate area of each store morethan 5,000 sq. ft. These stores are strategically located across cities and towns in key jewellery consumptionmarkets in southern India, of which 36 stores are located in Tier-II and Tier-III cities. Our strategy of openingLarge Format Stores (more than 15,000 sq.ft) and Medium Format Stores (less than equal to 15,000 sq.ft and morethan 5,000 sq.ft) allows us to showcase a wide selection of gold, silver and diamond jewellery, which we believeto be instrumental in driving our Company’s growth. This resonates with the fact that our Company had thehighest operating revenue per store amongst key organised jewellery players in India, at ? 2,249.05 million, ?3,167.56 million, ? 2,833.36 million and ? 2,141.95 million for nine-month period ended December 31, 2024, forFiscal 2024, for Fiscal 2023, for Fiscal 2022 respectively (Source: CRISIL Report) Moreover, for the nine monthsperiod ended December 31, 2024 and Fiscals 2024, 2023 and 2022, our EBITDA per store was ? 97.38 million, ?128.33 million, ? 106.87 million and ? 104.06 million, respectively. Our Company has been able to create atemplatised approach for store location, size and overall customer experience, which enables us to scale for growthin existing as well as potentially newer markets.Our Company also offers jewellery schemes such as ‘Dhana Vandhanam’ and ‘Free-yo-Flexi’ that attractscustomers on a repeated basis. These schemes are designed to provide added value and flexibility to our clientele,encouraging them to engage with our brand repeatedly. We presently offer a monthly instalment plan, such as‘Dhana Vandhanam’, starting from ?1,000 to ?10,000. Upon completion of 11 months, we offer 50% bonus onthe amount equivalent to one month’s instalment and 50% discount on value addition charges to our customers atthe time to buying jewellery. Read More
About IPO
Listed At BSE/NSE
Lead Manager Equirus Capital Pvt Ltd
Promoters
M. KIRAN KUMAR JAIN
HEMAA KIRAN KUMAR JAIN
Registrar

MUFG Intime India Pvt Ltd.

+91 810 811 8484
rnt.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/
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Frequently asked questions

What is an IPO?

An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.

Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.

The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.

Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.

The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:

  • Past Financial Performance: Evaluating the company's revenue, profits, and financial stability over time
  • Growth Potential: Assessing future prospects based on the company's business model and market opportunities
  • Industry Peers: Comparing valuation metrics with similar companies in the same sector
  • Larger Industry Picture: Analysing overall industry trends and economic conditions that could impact the company's performance

The lock-in period for IPO shares refers to a duration during which specific investors are restricted from selling their shares post-listing. This period varies based on the type of investor:

  • Promoters: The lock-in period for promoters ranges from 6 months to 18 months, ensuring their commitment to the company's long-term growth
  • Anchor Investors: Typically, anchor investors face a shorter lock-in period of 30 to 90 days, depending on regulatory norms and the specific IPO

IPOs can be volatile and may not perform as expected in the short term. Investors risk losing capital if the stock price drops after listing, especially if the company does not meet its growth projections.

Information on upcoming IPOs is often available through brokerage platforms, financial news sites, and regulatory bodies like SEBI, which publishes details on companies going public. You can also get these details under the upcoming IPO section on Bajaj Markets.

Eligibility for an IPO typically includes:

  • Retail Investors: Individuals who invest in smaller amounts, usually under the “retail investor” category, with certain limits
  • Qualified Institutional Buyers (QIBs): Entities like mutual funds, banks, and insurance companies, who invest large sums
  • Non-Institutional Investors (NIIs): High-net-worth individuals or entities investing above the retail threshold

Investors must have a Demat and trading account to apply, and in some cases, certain financial or residency qualifications may apply depending on local regulations.

SME (Small and Medium Enterprise) IPOs generally carry higher risk but may provide significant growth potential. Investors should research the company’s stability, financials, and sector risks, as SME stocks can be more volatile compared to large-cap companies.

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