Lalithaa Jewellery Mart Ltd

Lalitha Jewellery Mart Limited was incorporated under the name of 'Lalitha Jewellery Mart Private Limited', as a private limited company dated November 26, 1985. Subsequently, the name of the Company was changed from 'Lalitha Jewellery Mart Private Limited' to 'Lalithaa Jewellery Mart Private Limited' pursuant to a fresh certificate of incorporation dated November 4, 2013, issued by the Registrar of Companies, Tamil Nadu & Andaman at Chennai. Subsequently, Company was converted from a private limited company into a public company and the name of Company was changed to 'Lalithaa Jewellery Mart Limited' and a fresh certificate of incorporation dated January 5, 2024 was issued by the RoC. The Company is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond studded jewellery, platinum, silver jewellery and articles. The Company opened its first store in 1985 in T. Nagar locality of Chennai which is a hub for a silk and jewellery retail outlets. The Promoter, M. Kiran Kumar Jain had acquired the Company in year 2003. The Company then, set up their second store at Madurai, being the first store outside the city of Chennai in 2007. In 2013, Company opened the first store outside the state of Tamil Nadu in Pondicherry. In 2016, it set up a store in Hyderabad and has taken the count of the stores to a network of 50 in 2024. Further, the Company has opened a new factory in Kancheepuram district of Tamil Nadu and acquired Asita Jewellery Manufacturing Pvt Ltd in 2024 followed by the acquisition of Centigrade Apparels Private Limited. The Company has started operations at the manufacturing unit in Thirumudivakkam district of Chennai in December, 2024. The Company is planning the initial public offer by raising funds aggregating Rs 1700 Crore equity shares having face value Rs 5 each, comprising a fresh issue of Rs 1200 Crore equity shares and Rs 500 Crore via offer for sale.