Lalithaa Jewellery Mart’s Rs 1,700-cr IPO opens: GMP signals 15% premium. Should you subscribe?

Lalithaa Jewellery Mart has fixed the IPO price band at Rs 190–Rs 201 per share. The Rs 1,700-crore issue comprises a fresh issue of Rs 1,200 crore and an offer for sale (OFS) of Rs 500 crore by promoter and founder Kiran Kumar Jain.