Lalita Jewelry Large updates on IPO!
Lalita Jewelery Mart Limited, a well -known businessman in Telugu states, will soon be an IPO. To this extent, SEBI has filed the latest DRHP (draft red hering prospectus). In this context, let’s learn about this company and IPO details.
Lalita Jewelery Mart Limited ..
Lalita Jewelery Company, located in Chennai, is unique in the sale of gold jewelery. It also sells silver goods and diamond jewelery. The company provides its services to the South Indian market. The company currently runs 56 stores in Tier 1, 2 and 3 cities. In these shops, BIS Hallmark is selling standard jewelery.
Of the 56 shops, 22 are in Andhra Pradesh, 20 in Tamil Nadu, seven in Karnataka, six in Telangana and one in Puducherry. By December 31, 2024, the total area of these shops was 6,09,408 square feet. Of these, 47 stores have an area of over 5,000 square feet every 5,000 square feet.
During the nine months ending December 31, 2024, the company’s consolidation revenue was Rs 12,594.67 crore and tax was 262.33 crore after tax.
Lalita Jewelery Mart Limited IPO Details
Lalita Jewelery Mart Limited IPO, which has an inscribed value of Rs 5, is a new issue of Rs 1200 crore and M Kiran Kumar Jain has a proposal-selling of Rs 500 crore.
1014.50 crores of funds raised by the latest marks will be used for general corporate purposes along with capital costs to set up new stores in India.
This IPO is managed by the book-construction process. More than 50% of net proposals will be assigned to eligible institutional buyers, at least 15% for non -constitutional dialects and 35% retail bid. Eligible employees have reservation for membership. Exemption is also provided to employees participating in the Employees Reservation Department!
Anand Rathi Advisors Limited and Ecuerus Capital Private Limited are book-hanging lead managers for this issue. MUFG Inm India works as a registrar for the PVT Limited issue.
Lalita Jewelery Mart Limited OPO Prize Band and Sub Scription opening date are not currently available. If SEBI approves DRHP, the company plans a market entry.
