Lalithaa Jewellery files draft papers with Sebi; seeks to raise Rs 1,700 crore via IPO

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Lalithaa Jewellery Mart, a Chennai-based company, plans to raise Rs 1,700 crore through an IPO. The IPO includes a fresh issue and an offer-for-sale. The company will use the funds to establish new stores. Lalithaa Jewellery Mart has 56 stores across South India. The company’s revenue stood at Rs 12,594.67 crore for the nine months ended December 31, 2024.

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Lalithaa Jewellery files draft papers with Sebi; seeks to raise Rs 1,700 crore via IPO

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