The allotment process for Lalithaa Jewellery Mart’s ₹1,700-crore initial public offering is scheduled for Thursday, August 20, after the issue drew heavy demand from institutional, non-institutional and retail investors.
As of the latest available reports, the allotment status has not been independently confirmed as finalised. Investors can check the result once the registrar and exchange systems are updated.
The IPO opened for subscription on August 17 and closed on August 19. The issue was subscribed 62.97 times overall, with investors bidding for 395.22 crore shares against 6.27 crore shares on offer, according to market data reported after the close of bidding.
How to check Lalithaa Jewellery IPO allotment status
Lalithaa Jewellery Mart’s IPO registrar is MUFG Intime India. Its official application-status portal allows investors to search using details such as PAN, application number, or depository account information.
Investors can use the following routes:
MUFG Intime India: Open the registrar’s public-issues page, select Lalithaa Jewellery Mart, and enter the required application details.
MUFG Intime India IPO Application Status
NSE: The National Stock Exchange’s IPO bid-verification facility also provides allotment information supplied by the registrar. Investors can use their PAN or application details to check the result.
NSE IPO Bid/Allotment Verification
BSE: Investors can also check their application status through the BSE IPO application-status facility.
The allotment result will show whether shares have been assigned to the applicant and, where applicable, the number of shares allotted.
Lalithaa Jewellery IPO subscription and issue details
The IPO was priced in the ₹190–₹201 range per share, with a lot size of 74 shares. At the upper end of the price band, one retail lot required an investment of ₹14,874.
The ₹1,700-crore issue comprised a fresh issue of ₹1,200 crore and an offer for sale of ₹500 crore. The company plans to use the fresh proceeds primarily toward inventory and capital expenditure for new stores, along with general corporate purposes.
The final subscription figures reported by Zerodha showed institutional investors subscribing 145.38 times their reserved portion, non-institutional investors 73.90 times, and retail investors 11.81 times. The employee portion was subscribed 8.55 times.
The high level of oversubscription means the allotment process is particularly important for applicants who are waiting to see whether they receive shares.
What happens after allotment?
Under the published IPO timetable, refunds or release of blocked funds are scheduled to begin on August 21. Shares are also scheduled to be credited to successful applicants’ demat accounts on August 21.
Lalithaa Jewellery Mart’s shares are scheduled to list on the BSE and NSE on August 24, subject to the final exchange timetable.
Applicants who do not receive an allotment should see their blocked IPO funds released according to the applicable process. Successful applicants should see the allotted shares credited to their demat accounts.
Grey market premium is not an allotment indicator
Some market reports have highlighted movements in Lalithaa Jewellery Mart’s grey market premium ahead of the expected listing. Those figures are unofficial and are not used to determine IPO allotment.
The allotment is based on the applicable issue allocation process, not the grey market premium. Zerodha also cautions that GMP is an unofficial and unregulated metric and says investors should rely on exchange-published subscription data for a more reliable measure of demand.
For investors waiting for their Lalithaa Jewellery IPO result, the most reliable approach is therefore to check the registrar or exchange portal directly rather than relying on screenshots or third-party social media updates.
What should investors watch next?
The immediate milestones are the finalisation of allotment, release of funds, and credit of shares on August 21, followed by the scheduled market debut on August 24.
As of the latest available information checked for this report, the allotment was scheduled for August 20 but had not been independently confirmed as finalised. Investors should verify their individual application status directly through MUFG Intime India, NSE or BSE after the systems are updated.
