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.
National News
MCX Gold Silver Futures See Dip
Global Precious Metals Showed Mixed Momentum On Monday. US Spot Gold Extended Its Rally For A Third Consecutive Session To Trade Above $4,200 Per Ounce
Domestic futures on the MCX saw a minor retracement, with gold trading around Rs 1,50,968 per 10 grams (down 0.4%) after touching an intraday low of Rs 1,50,500.domestic MCX silver traded slightly lower around Rs 2,25,631 per kg after testing an intraday low of Rs 2,24,326
China’s central bank (PBOC) extended its gold buying spree for a 23rd consecutive month, adding 23 tonnes in September to diversify reserves.
Global precious metals showed mixed momentum on Monday. Spot gold extended its rally for a third consecutive session to trade above $4,200 per ounce, bolstered by a pullback in crude oil prices following supply developments and softening inflation worries.,
Geopolitical tensions remained elevated in the Middle East following Houthi drone strikes near Saudi Arabia’s main airport, prompting potential US retaliatory considerations. US 10-year Treasury yields held steady around 5.24%, while the US Dollar Index eased to 102.12.
The Indian Rupee remained under pressure near record lows, with USD/INR closing around 96.78. High US yields and sustained elevated Brent crude prices continue to weigh on India’s import bill.
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