One of the leading Jewellery brands, Lalithaa Jewellery Mart, has submitted its DRHP with SEBI on June 6 with the aim to raise funds via IPO (Initial Public Offering).
The IPO consists of a fresh issue worth ₹1200 crore and an Offer-for-sale of ₹500 crore by promoters.
Titan Company, Kalyan Jewellers India, Manoj Vaibhav Gems N Jewellers, PC Jeweller, P N Gadgil Jewellers, Senco Gold, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri are the promoters of Lalithaa Jewellery.
The company is planning to use funds worth ₹1,014.5 crore to build 12 new stores in India, while the remaining funds will be utilized for the company’s general corporate usage.
Lalithaa Jewellery was founded in 1985 and is one of the prominent firms in India to offer a high-quality and wide range of gold jewellery, silver jewellery, and diamond jewellery. If we talk about the financial performance of the company, in FY22 and FY24, the company generated the highest revenue among other well-known jewellery brands in India. Whereas, the operating revenue grew at a CAGR of 43.62% between FY 2022 and FY 2024. Lalithaa Jewellery runs 56 stores spanning 46 cities, that include Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and the Union Territory of Puducherry, occupying a total area of 6,09,408 sq. ft.
In FY24, the company generated a revenue of ₹1,67,880 crore. If we compare it to year FY23, the company generated a revenue of ₹1,33,168 crore, showcasing a profit in revenue growth of up to 26.07% respectively. The PAT rose to ₹262.3 crore in the nine months ended December 2024.
The book-running lead manager of the issue is Anand Rathi Advisors and Equirus Capital.
Lalithaa Jewellery Mart IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Lalithaa Jewellery Mart Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹8,144.73 | ₹7,916.59 | ₹166.77 |
| 2023 | ₹13,322.62 | ₹12,997.41 | ₹238.39 |
| 2024 | ₹16,800.62 | ₹16,316.07 | ₹359.83 |
| December 2024 | ₹12,603.04 | ₹12,233.99 | ₹262.33 |
Lalithaa Jewellery Mart IPO Valuation – FY2024
Lalithaa Jewellery Mart IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.20 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.16% |
| Net Asset Value (NAV): | ₹31.29 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Kalyan Jewellers India Limited | 5.80 | 98.07 | 15.25% | 40.66 | – Cr. |
| Manoj Vaibhav Gems N Jewellers Limited | 18.37 | 12.35 | 16.82% | 126.47 | – Cr. |
| PC Jeweller Limited | (13.52) | NA | (19.01%) | 62.99 | – Cr. |
| P N Gadgil Jewellers Limited | 21.59 | 25.36 | 34.29% | 45.29 | – Cr. |
| Senco Gold Limited | 24.06 | 15.13 | 15.66% | 175.74 | – Cr. |
| Thangamayil Jewellery Limited | 44.91 | 42.71 | 27.95% | 179.74 | – Cr. |
| Titan Company Limited | 39.40 | 91.65 | 32.83% | 105.80 | – Cr. |
| Tribhovandas Bhimji Zaveri Limited | 8.16 | 23.87 | 9.37% | 90.14 | – Cr. |
Objects of the Issue
- Funding of capital expenditure for setting up of 12 new stores in India (“New Stores”); and
- General corporate purposes
IPO Lead Managers aka Merchant Bankers
- Anand Rathi Advisors Limited
- Equirus Capital Private Limited
