Lalithaa Jewellery Mart IPO Day 3 Final Subscription Status: 66.62x Subscribed; GMP at ₹50
Lalithaa Jewellery Mart IPO Day 3 final subscription status closed at 66.62x on 19 August 2026, with Qualified Institutional Buyers (QIBs) leading at 153.80x. Non-Institutional Investors (NIIs) reached 78.17x, while retail demand finished at 12.49x. The IPO is now closed. The latest Grey Market Premium (GMP) is ₹50, although another tracker shows ₹54, indicating some variation in unofficial quotes.
| Metric | Final update |
| Bidding day | Day 3 Final |
| Data status | Final after bidding closed on 19 August 2026 |
| Overall subscription | 66.62x |
| QIB subscription | 153.80x |
| NII subscription | 78.17x |
| Retail subscription | 12.49x |
| Employee subscription | 9.10x |
| Current GMP | ₹50 |
| GMP percentage | 24.9% |
| Indicative price | ₹251 |
| Closing date | 19 August 2026 |
Lalithaa Jewellery Mart IPO Day 3 Final Subscription Status
The final post-close bidding data shows demand was strongest among institutional investors. QIBs subscribed their reserved portion 153.80 times, the highest multiple among the main categories. NIIs followed at 78.17x, while retail investors subscribed 12.49x. The employee category closed at 9.10x.
| Investor category | Final subscription |
| QIBs | 153.80x |
| NIIs | 78.17x |
| Retail Individual Investors | 12.49x |
| Employees | 9.10x |
| Overall | 66.62x |
The figures show broad oversubscription across every reported category, although the overall result was driven disproportionately by QIB and NII demand. Subscription multiples measure the quantity of shares bid for relative to shares available in each category. They do not represent the number of unique applicants.
Final Day-wise Subscription Trend
Demand accelerated substantially across the three-day bidding period.
| Bidding stage | Overall subscription | Leading category |
| Day 1 close | 0.69x | Employees, 1.51x |
| Day 2 close | 3.07x | NIIs, 6.46x |
| Day 3 Final | 66.62x | QIBs, 153.80x |
The IPO moved from below full subscription on Day 1 to 3.07x at the Day 2 close. The largest change came on Closing Day, when institutional bids increased sharply and QIBs became the leading category.
This progression also illustrates why early institutional subscription figures need to be interpreted cautiously. QIB participation often builds later in the bidding window, and Lalithaa Jewellery Mart’s final numbers show that pattern clearly without implying that similar behaviour will occur in other IPOs.
Lalithaa Jewellery Mart IPO GMP Today and Estimated Listing Price
The latest available GMP reading is ₹50 per share as of late evening (after 8:30 p.m. IST) on 19 August 2026. Another tracker showed ₹54 during the evening (6:30 p.m. to 8:29 p.m. IST) on the same date. Since GMP is an informal market, the two readings should not be averaged.
Using ₹50 as the more recent reference and the upper price band of ₹201:
Indicative price = ₹201 + ₹50 = ₹251
GMP percentage = ₹50 ÷ ₹201 × 100 = 24.9%
The ₹50 reading is also above the ₹40 level reported on 18 August, indicating an increase in the unofficial premium alongside the sharp rise in final subscription.
GMP is unregulated, can change quickly, and is not published by the SEBI, NSE, or BSE. A ₹251 indicative price is therefore not a forecast or guarantee of the actual listing price.
What Stands Out in Today’s Bidding
The first notable signal is the scale of Closing Day institutional demand. QIB subscription rose to 153.80x, while NII demand finished at 78.17x. Retail participation was also well above the available allocation at 12.49x, making the final response broader than the demand seen during the first two days.
The second signal is that subscription and GMP moved in the same direction on Closing Day. However, neither measure proves that the IPO is fairly valued or that the shares will deliver listing or long-term gains. The ₹50 to ₹54 difference between GMP trackers also highlights the lack of a regulated grey-market price.
IPO Details Retail Investors Need
| IPO detail | Information |
| Price band | ₹190 to ₹201 per share |
| Lot size | 74 shares |
| Minimum retail investment | ₹14,874 at upper band |
| Issue size | ₹1,700 crore |
| Fresh issue | ₹1,200 crore |
| Offer for Sale (OFS) | ₹500 crore |
| Issue type | Mainboard book-built IPO |
| Closing date | 19 August 2026 |
| Expected listing date | 24 August 2026 |
| Exchange | BSE and NSE |
Eligible employees were offered a discount of ₹19 per share. With bidding now closed, new IPO applications can no longer be submitted.
Brief Company and Financial Context
Lalithaa Jewellery Mart is a South India-focused retailer of gold, silver, and diamond jewellery, operating 61 stores across 51 cities as of March 2026. Gold jewellery contributed 92.33% of FY26 revenue, making it the main revenue driver. Revenue from operations increased to ₹25,023.93 crore in FY26 from ₹16,897.32 crore in FY25, while profit after tax rose to about ₹1,009.82 crore.
Fresh proceeds will mainly fund inventory and fit-outs for 10 new stores. A key business consideration is the company’s high dependence on gold jewellery and related gold-price movements.
What Happens Next
The expected allotment date is 20 August 2026, followed by refunds or fund unblocking and demat credit around 21 August 2026. Lalithaa Jewellery Mart shares are expected to list on the BSE and NSE on 24 August 2026. These dates remain subject to the IPO timetable and completion of the allotment process.
Frequently Asked Questions (FAQs)
Q: How many times was the Lalithaa Jewellery Mart IPO subscribed on Day 3 Final?
A: Lalithaa Jewellery Mart IPO closed with final subscription of 66.62x on 19 August 2026. QIBs led at 153.80x, followed by NIIs at 78.17x, retail investors at 12.49x, and employees at 9.10x.
Q: What is the Lalithaa Jewellery Mart IPO GMP today?
A: The latest available GMP is ₹50 per share on 19 August 2026. Another tracker showed ₹54, so unofficial grey-market quotes differ. GMP is unregulated and can change before the shares list.
Q: What listing price does the current Lalithaa Jewellery Mart IPO GMP indicate?
A: A ₹50 GMP added to the ₹201 upper price band gives an indicative price of ₹251 per share, about 24.9% above the upper issue price. This is only a grey-market indication and does not guarantee the actual listing price.
Q: Does 66.62x subscription guarantee a premium listing for Lalithaa Jewellery Mart?
A: No. High subscription shows substantial bidding demand relative to shares available, but it does not guarantee a premium listing, establish fair valuation, or predict long-term returns. Market conditions can also change before listing.
Q: What is the expected Lalithaa Jewellery Mart IPO allotment date?
A: The allotment is expected on 20 August 2026. Refunds or fund unblocking and demat credit are expected around 21 August, with the shares scheduled to list on BSE and NSE on 24 August 2026.
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