24 Aug 2026 , 12:01 PM
Lalithaa Jewellery Mart shares made a strong debut on the NSE on August 24, 2026, listing at ₹265 per share against the IPO issue price of ₹201.
The Lalithaa Jewellery Mart share price opened at ₹265, translating into a 31.84% premium over the IPO issue price. The stock subsequently moved higher, touching an intraday high of ₹274.40, before declining to a low of ₹253.66.
At the listing price of ₹265, investors who received shares in the IPO were sitting on a gain of ₹64 per share, or 31.84%, compared with the ₹201 issue price.
| Price | Gain/Loss vs IPO Price | |
|---|---|---|
| IPO Issue Price | ₹201.00 | — |
| NSE Open | ₹265.00 | +31.84% |
| Intraday High | ₹274.40 | +36.52% |
| Intraday Low | ₹253.66 | +26.20% |
The stock’s intraday high of ₹274.40 represents a gain of ₹73.40 per share, or 36.52%, over the IPO issue price.
Even at its intraday low of ₹253.66, Lalithaa Jewellery Mart remained ₹52.66 or 26.20% above its issue price.
The ₹1,700-crore Lalithaa Jewellery Mart IPO received strong investor demand during its subscription period from August 17 to August 19, 2026.
The issue was subscribed 66.63 times overall, while the allotment was finalised on August 20, 2026.
The strong subscription response was followed by a robust listing, with Lalithaa Jewellery Mart opening at ₹265 on NSE, significantly above its IPO issue price of ₹201.
The Lalithaa Jewellery Mart IPO had a lot size of 74 shares, with the minimum investment at the upper price band of ₹201 amounting to ₹14,874.
With the shares listing at ₹265 on the NSE, investors who received one lot gained ₹64 per share over the IPO issue price.
For one lot of 74 shares:
Therefore, an investor allotted one lot of 74 Lalithaa Jewellery Mart shares would have made a listing profit of ₹4,736, excluding applicable taxes and charges.
The stock subsequently touched an intraday high of ₹274.40. At this price, the gain on one lot would have risen to approximately ₹5,432, while at the intraday low of ₹253.66, the gain would have stood at around ₹3,897.
The Lalithaa Jewellery Mart IPO’s listing was broadly in line with the premium indicated by the grey market premium (GMP) ahead of listing.
The GMP trend on August 24, 2026, indicated a premium of around 37% over the IPO issue price. The actual NSE listing premium of 31.84% was therefore somewhat lower than the grey market indication.
However, GMP is an unofficial indicator of market sentiment and should not be considered a guarantee of the actual listing price or future stock performance. The final listing price can differ significantly from the GMP indication depending on market conditions, investor demand and broader sentiment.
Lalithaa Jewellery Mart also attracted institutional interest ahead of the public issue through its anchor investor allocation.
The company raised ₹508.20 crore from anchor investors before the IPO opened for public subscription. It allotted 2,52,83,581 shares to anchor investors on August 14, 2026.
The anchor allocation is important for investors because these shares are subject to a prescribed lock-in period following the IPO.
| Criteria | Details |
|---|---|
| Anchor Bid Date | 14 August 2026 |
| Shares Allotted | 2,52,83,581 |
| Amount Raised | ₹508.20 crore |
| 50% Lock-in Ends | 18 September 2026 |
| Remaining Lock-in Ends | 17 November 2026 |
Investors should keep an eye on the Lalithaa Jewellery Mart IPO lock-in expiry dates, particularly as the stock has made a strong debut.
For Lalithaa Jewellery Mart, 50% of the anchor investor shares are scheduled to be released from lock-in on September 18, 2026, while the remaining shares are scheduled to become free from lock-in on November 17, 2026.
The expiry of the lock-in does not necessarily mean that anchor investors will sell their holdings. However, once the shares become eligible for trading, some investors may choose to book profits depending on the prevailing market price, company outlook and broader market conditions.
A higher supply of shares following the lock-in expiry could potentially create short-term selling pressure on the stock, particularly if a significant portion of eligible investors decide to reduce their holdings.
Following its strong listing, investors will likely track whether Lalithaa Jewellery Mart can sustain its premium over the ₹201 IPO issue price.
The key levels to watch include the ₹201 issue price, the ₹265 listing price and the ₹274.40 intraday high recorded on the first trading day.
Investors should also monitor trading volumes, broader market sentiment, company performance and the upcoming anchor investor lock-in expiries before making investment decisions.
With a 31.84% listing gain, Lalithaa Jewellery Mart delivered a strong debut for IPO investors. However, with the stock now trading significantly above its issue price, investors should also track post-listing price movements and the upcoming anchor investor lock-in expiries, which could influence the stock’s near-term supply and price action.
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