National News
Gold imports up 40.79 pc to USD 2.68 bn in Jan
The country’s gold imports in January rose by 40.79 per cent to USD 2.68 billion on account of increasing domestic demands, according to commerce ministry data.Gold imports stood at USD 1.9 billion in January 2024.Cumulatively, imports during April-January this fiscal year rose 32 per cent to USD 50 billion against USD 37.85 billion in the same period last fiscal year.
The increase in imports also indicates strong investor confidence in the precious metal as a safe asset. The other reasons include asset diversification towards gold due to global uncertainties, increasing demand from banks, and cut in customs duties.Prices of the yellow metal have increased 11 per cent so far this year to ₹88,200 per 10 gram in the national capital.
National News
Lalithaa Jewellery Mart IPO Opened At ₹190–₹201 Per Share
The ₹1,700-crore IPO Comprised A Fresh Issue Of Up To ₹1,200 Crore and An Offer-For-Sale Of Up To ₹500 Crore.
Lalithaa Jewellery Mart Limited opened its Initial Public Offer (IPO) for subscription on 17 August 2026, with the issue closing on 19 August 2026. The company had fixed the price band at Rs 190–Rs 201 per equity share, with a minimum bid lot of 74 shares.
The IPO comprised a fresh issue of up to Rs 1,200 crore and an offer-for-sale of up to Rs 500 crore by promoter M. Kiran Kumar Jain.
Operating under the Lalithaa brand, the jewellery retailer had 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry as of March 31, 2026. The company offers gold, diamond and silver jewellery, with a strong presence in Tier-II and Tier-III markets.
For FY26, Lalithaa Jewellery Mart reported revenue from operations of Rs 25,023.93 crore, compared with Rs 16,788.05 crore in FY24, while net profit rose to Rs 1,009.82 crore from Rs 359.83 crore during the same period.
The company operates two manufacturing facilities in Tamil Nadu and has focused on in-house manufacturing, competitive pricing and large-format stores as part of its growth strategy.
Anand Rathi Advisors Limited and Equirus Capital Limited acted as the book-running lead managers, while MUFG Intime India Private Limited was the registrar to the offer.
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National News1 hour agoLalithaa Jewellery Mart IPO Opened At ₹190–₹201 Per Share
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GlamBuzz2 hours agoActor Harshvardhan Rane Announced As The Face Of Ti22 By Aham- A Titanium With Gold and Diamonds Collection By Senco Gold and Diamonds
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New Premises2 hours agoPrismara Jewels Expands Offline Presence With New Gurugram Store
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