IPO
Lalithaa Jewellery to restart roadshows for Rs.1,700-Cr IPO
Chennai-based Lalithaa Jewellery is planning to resume investor roadshows for its initial public offering (IPO), which was previously paused. The company has retained Anand Rathi Advisors and Equirus Capital as book-running lead managers for the upcoming refiling of the transaction.Lalithaa, a retail jewellery chain, plans to use the proceeds to adjust its financial metrics and valuation expectations to align with current public market benchmarks.The company previously deferred its IPO timelines following media scrutiny regarding corporate governance and related-party transactions, which are claimed to have been addressed through the termination of certain promoter agreements. The company is managing legal and regulatory proceedings, including a tax litigation exceeding INR 1,000 crore.
For FY25, Lalithaa Jewellery had reported about INR 16,897 Cr in Operating Income and about INR 363 Cr in PAT.
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