Clarification11 Nov 2026, 08:40 pm
Lalithaa Jewellery Mart: No Deviation in IPO Fund Utilization
AI Summary
Lalithaa Jewellery Mart Ltd has filed a statement of deviation or variation for its Initial Public Offer (IPO) proceeds. The company confirms there has been no material deviation or variation in the utilization of the ₹12,000 Million raised from the IPO. Funds were allocated for setting up 10 new stores, including capital expenditure for fit-outs and inventory costs, general corporate purposes, and IPO issue expenses. As of September 30, 2026, a total of ₹7,503.26 Million has been utilized, with ₹4,496.74 Million remaining unutilized and temporarily invested. The company is in compliance with SEBI regulations regarding fund utilization.
Key Highlights
- No material deviation in IPO fund utilization reported.
- ₹12,000 Million raised via IPO, ₹7,503.26 Million utilized to date.
- Remaining funds temporarily invested in bank accounts and bonds.
- Funds utilized for new store setup, inventory, and general corporate purposes.
- Company confirms compliance with SEBI listing regulations.
Price Impact
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