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Lalitha Jewellery Mart filed draft papers for a ₹1,700 crore IPO

Lalithaa Jewellery Mart is a bookbuilt issue and plans to raise around ₹1700 crores via IPO that comprises fresh issue of ₹1200 crores and offer for sale of ₹500 crores, up to [.] Equity Shares with face value of ₹5 each. The retail quota is 35%, QIB is 50%, and HNI is 15% as per DRHP. The IPO to list on NSE and BSE.

One of the leading Jewellery brands, Lalithaa Jewellery Mart, has submitted its DRHP with SEBI on June 6 with the aim to raise funds via IPO (Initial Public Offering).

The IPO consists of a fresh issue worth ₹1200 crore and an Offer-for-sale of ₹500 crore by promoters.

Titan Company, Kalyan Jewellers India, Manoj Vaibhav Gems N Jewellers, PC Jeweller, P N Gadgil Jewellers, Senco Gold, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri are the promoters of Lalithaa Jewellery

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