Lalithaa Jewellery Mart IPO: GMP hints 15% listing pop. Check key dates, review. Apply or not?
New Delhi, Aug. 17 -- The Lalithaa Jewellery Mart IPO will open for subscription on 17 August and close on 19 August, with the price band fixed at Rs.190- Rs.201 per share. At the upper end of the price band, the company is valued at around Rs.11,250 crore.
Ahead of the issue opening, Lalithaa Jewellery Mart on Friday raised Rs.508 crore from anchor investors, including Goldman Sachs, ICICI Prudential Mutual Fund and Bandhan Mutual Fund. The company allotted 2.53 crore equity shares to 22 anchor investors at Rs.201 per share, according to a BSE filing.
Other key anchor investors included Sanshi Fund-I, Kotak Mahindra Life Insurance Company, Morgan Stanley India Investment Fund and Bajaj Life Insurance. Four domestic mutual funds were al...
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