SEBI Clears Lalita Jewellery Mart’s ₹1,700 Cr IPO

Markets regulator SEBI has approved the Initial Public Offering (IPO) of Lalita Jewellery Mart. The company plans to raise ₹1,700 crore, including a fresh issue of shares worth ₹1,200 crore. Additionally, promoter Kiran Kumar Jain will offload shares worth ₹500 crore through an Offer for Sale (OFS), marking a significant step in the company’s growth.