Lalithaa Jewellery Mart Ltd. filed its preliminary papers with the Securities and Exchange Board of India on Saturday to raise funds via an initial public offering.The public offer consists of a fresh issue of shares worth Rs 1,200 crore and an offer for sale component worth Rs 500 crore by Lalithaa Jewellery Mart. M Kiran Kumar Jain is a promoter selling shareholder, who will be offloading shares via the OFS segment.The company proposes to utilise the proceeds from the fresh issue of shares to fund capital expenditure for setting up 12 new stores in India, and general corporate purposes.Anand Rathi Advisors Ltd. and Equirus Capital Pvt. Ltd. are the book-running lead managers for the issue and MUFG Intime India Pvt. Ltd. will be the registrar of the issue.The equity shares are proposed to be listed on the National Stock Exchange of India Ltd and BSE Ltd.Ahead Of HDB Financial's IPO, Here's A HDFC Group Stocks Listing Day Track RecordAbout The BusinessLalithaa Jewellery Mart is a jewellery retail brand catering to the southern Indian market with a range of gold, silver, and diamond jewellery. As of December 31, 2024, the company operates 56 stores across 46 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and the Union Territory of Puducherry.According to a CRISIL Report, Lalitha recorded the highest operating revenue per store among key organised jewellery players in India between fiscals 2022 and 2024 and was the second fastest-growing regional player by revenue. The company's debt pile stands at Rs 1,214 crore, as of April 30, 2025.LG India IPO: Will Take Up To Six Months To Disclose Sale Price, Says Korean Parent. Read more on IPOs by NDTV Profit.