Lalithaa Jewellery Mart IPO Day 2: Strong Demand, Latest GMP & Review

The Lalithaa Jewellery Mart IPO is in its second day of subscription and will remain open until August 19, 2026. The IPO opened on August 17 with a price band of ₹190 to ₹201 per share. The issue received 69% subscription on the first day, while by 10:33 AM on Day 2, it was subscribed 0.97 times overall. The retail category was subscribed 1.09 times, the non-institutional investor category was subscribed 1.08 times, and the QIB portion stood at 0.67 times. The grey market premium was reported at ₹32 per share, showing positive sentiment ahead of the expected listing. Investors can consider the subscription trend and GMP, but should also review the IPO price and risks before making an investment decision. The IPO is expected to close on August 19, with the allotment likely to be finalised on August 20. Shares of successful applicants will be credited to their demat accounts, while refunds for unsuccessful applicants will be processed as per the IPO timeline. The shares are expected to be listed on the BSE and NSE on August 24, subject to the final schedule.