Lalithaa Jewellery Mart IPO Day 2: Review Subscription and GMP

The Lalithaa Jewellery Mart IPO is now in its second day of subscription as of August 18, giving investors one last chance to apply before it closes on August 19. The IPO opened on August 17, with share prices set between ₹190 and ₹201, and will be listed on the BSE and NSE. On the first day, the IPO received a subscription rate of 69%, and by 10:33 AM on Day 2, the overall subscription had increased to 0.97 times. The retail portion was subscribed 1.09 times, the non-institutional investor category was subscribed 1.08 times, and the qualified institutional buyer section was at 0.67 times. Additionally, the IPO is currently trading at a grey market premium of ₹32 per share, suggesting a positive outlook ahead of its listing. Many brokerage firms have a favorable opinion of the IPO, advising investors to consider participating, while also reminding them to assess the risks and current market conditions. The IPO is expected to close on August 19, with share allotments likely finalized on August 20, and shares anticipated to be listed on the BSE and NSE on August 24, depending on the final schedule.