Lalithaa Jewellery Mart IPO GMP Rises to ₹55 Amid 63‑Times Subscriptions
· Business · LiveMint, Economic Times
Lalithaa Jewellery Mart Ltd’s IPO bid closed on 19 August 2026 with the issue subscribed about 63 times its size. The demand pushed the grey‑market premium up from ₹40 to ₹55 in 24 hours, according to market observers. The issue will likely list on the bourses on 24 August under the T+3 rule, with a probable allotment date of 20 August. Retail demand was 11.81×, bank‑financed investment (NII) 73.89×, and qualified institutional buyers 145.38×. The surge reflects strong investor interest and a secondary‑market trend reversal.
Why it matters
The high subscription and premium indicate robust demand, likely driving a higher opening price and potentially offering early investors strong returns.
Read the original report — LiveMint
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