Lalithaa Jewellery Mart Ltd

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₹-

/ - shares

Cutoff - Lot Size

Lalithaa Jewellery Mart Ltd

₹-

/ - shares

Cutoff - Lot Size

IPO Details

Open Date

-

Close Date

-

Listing Date

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Price Range

₹0.0 to ₹0.0

IPO Size

₹1700.00 Cr

Exchange Symbols

NSE - N/A, BSE - N/A

Open Date

-

Close Date

-

Listing Date

-

Price Range

₹0.0 to ₹0.0

IPO Size

₹1700.00 Cr

Exchange Symbols

NSE - N/A, BSE - N/A

IPO Dates and Timelines

- Basis of Allotment Date

- Initiation of Refund

- Credit of Shares

- Listing Date

IPO Size and Allocation Details

Risks and Strengths

Torus Second fastest growing regional jewellery player amongst key organised jewellery players in India basis operating revenue growth between Fiscal 2022 to Fiscal 2024.

Torus Brand catering to the mass and value-conscious segment with own manufacturing.

Torus Brand pull in Tier II and Tier III cities in southern India with focus on quality, craftsmanship and original designs.

Torus Large Format Stores and Medium Format Stores driving scale.

We face significant competition in the Indian jewellery market. Our market share in the southern states in India may get adversely affected due to change in market trends, pricing and customer preferences, and we risk losing substantial portion of our customers which will adversely affect our business, financial condition, results of operations and prospects.

We have expanded our stores footprint from 38 stores in Fiscal 2022, to 56 stores as on December 31, 2024 in 46 cities across the States of Telangana, Andhra Pradesh, Tamil Nadu, Karnataka and the Union Territory of Puducherry. If we are unable to effectively manage or expand our retail network and operations or pursue our growth strategies, we may not achieve the expected level of profitability which may adversely affect our business prospects, financial condition and results of operations.

As of December 31, 2024, we operated our Manufacturing Facilities with 474 Karigars employed by our Company and 89 Karigars employed by Asita Jewellery Manufacturing Private Limited ("Asita") for manufacturing of our products. These Karigars who are on the rolls of our Company and Asita, manufactured 81.88%, 79.78%, 82.15%, 86.47% of our total products available for sale for the nine-month period ended December 31, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. Further, we have entered into short term agreements with 278 Karigars (as of December 31, 2024), on a non-exclusive basis, for manufacture and supply of jewellery. Our Company is dependent on these Karigars for manufacturing our products and any disruptions at our Manufacturing Facilities, or loss of these Karigars or failure of these Karigars to adhere to the relevant quality standards may have a negative effect on our reputation, business and financial condition.

Timely procurement of gold, our key raw material, as well as the quality and the price at which they are procured, play an important role in the successful operation of our business. The prices and availability of gold depend on factors beyond our control, including general economic conditions, competition, production levels and regulatory factors such as import duties. The non-availability or volatility in the cost of gold and absence of hedging facilities may have an adverse effect on our business, results of operations, financial condition and prospects.

About

We are a jewellery retailer operating under the brand name "Lalithaa", offering a diverse range of gold jewellery, silver jewellery, and diamond jewellery across styles, designed to cater to regional preferences of the southern Indian jewellery markets. Operating under the name "Lalithaa", with 56 stores across 46 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and the Union Territory of Puducherry as of December 31, 2024, we strive to serve the southern Indian market with authenticated BIS-hallmarked jewellery. As on December 31, 2024, we operated eight Large Format Store, 39 Medium Format Store and nine Small Format Store across Tier I, Tier II and Tier III cities in southern India. (Source: CRISIL Report) Our Company had the highest operating revenue per store amongst the key organised jewellery players in India between Fiscals 2022 to 2024 and the nine-month period ended December 31, 2024. (Source: CRISIL Report) Our Company is also the second fastest growing regional jewellery player amongst key organised jewellery players in India basis operating revenue growth between Fiscals 2022 to 2024.

Company Name	Lalithaa Jewellery Mart Ltd
Headquarter	Chennai
Email	cosec@lalithaajewellery.com
Website	www.lalithaajewellery.com

Financials

Peers

Lalithaa Jewellery Mart Limited
Kalyan Jewellers India Limited
Manoj Vaibhav Gems N Jewellers Limited
PC Jeweller Limited
P N Gadgil Jewellers Limited
Senco Gold Limited
Thangamayil Jewellery Limited
Titan Company Limited
Tribhovandas Bhimji Zaveri Limited

IPO Registrar

MUFG Intime India Pvt Ltd

Phone Number	91-22-49186000
Email ID	paytm.ipo@linkintime.co.in
Website	www.linkintime.co.in

Synopsis

Lalithaa Jewellery Mart Ltd

Initial public offer of up to [*] equity shares of face value of
Rs. 5/- each ("Equity Shares") of Lalithaa Jewellery Mart Limited (the "Company") for cash at a price of Rs. [*] per equity share (Including a Share Premium of Rs. [*] per Equity Share) ("Offer Price") Aggregating up to Rs. 1700.00 crores ("Offer"). The offer comprises a fresh issue of up to [*] equity shares aggregating up to Rs. 1200.00 crores by the company (the "Fresh Issue") and an offer for sale of up to [*] equity shares ("Offered Shares") aggregating up to Rs. 500.00 crores by
M. Kiran Kumar Jain (the "Promoter Selling Shareholder", and such offer for sale of equity shares by the Promoter Selling Shareholder, the "Offer for Sale"). The offer will constitute [*]% of the post-offer paid up equity share capital of the company.

This offer includes a reservation of up to [*] equity shares aggregating up to Rs. [*] crores (Constituting up to [*]% of the post-offer paid-up equity share Capital of the Company) for subscription by eligible employees (the "Employee Reservation Portion"). The company, in consultation with the book running lead managers, may offer a discount of up to [*] % (Equivalent of Rs. [*] per equity share) to the offer price to eligible employees bidding under the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute [*] % and [*] %, respectively of the post-offer paid-up equity share capital of the company.

The company, in consultation with the brlms, may consider a pre-ipo placement, as may be permitted under the applicable law, at its discretion, prior tofiling of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the Scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the objects in compliance with applicable law. prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if Undertaken).

The face value of the equity shares is Rs. 5/- each.

The price band, and the minimum bid lot will be decided by the company.

Address: 123 Usman Road, T Nagar, Chennai, Tamil Nadu, 600017

Phone: 044 2834 9869

Email: cosec@lalithaajewellery.com

Website: www.lalithaajewellery.com

Open Date: -

Close Date: -

Issue Price: ₹