Nityas Gems & Jewellery IPO
Nityas Gems & Jewellery IPO is a Mainboard book-built issue of ₹108.35 crore, consisting entirely of a Fresh Issue of 1.45 crore equity shares with no Offer for Sale. The price band is ₹70 to ₹75 per share, with a lot size of 200 shares. The IPO opens on
Nityas Gems & Jewellery IPO Details
Nityas Gems & Jewellery IPO bidding starts from 30 September 2026 and ends on 5 October 2026. The allotment for Nityas Gems & Jewellery IPO is expected to be finalized on 6 October 2026. Nityas Gems & Jewellery IPO will list on BSE and NSE on 8 October 2026.
Nityas Gems & Jewellery IPO Timeline (Tentative)
Nityas Gems & Jewellery IPO opens for subscription on 30 September 2026 and closes on 5 October 2026. The basis of allotment is expected to be finalized on 6 October 2026, refunds are expected to be initiated on 7 October 2026, and shares are expected to be credited to successful applicants' Demat accounts on the same day. The shares are scheduled to be listed on BSE and NSE on 8 October 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Sep 30, 2026 |
| IPO Close Date | Mon, Oct 5, 2026 |
| Basis of Allotment | Tue, Oct 6, 2026 |
| Initiation of Refunds | Wed, Oct 7, 2026 |
| Credit of Shares to Demat | Wed, Oct 7, 2026 |
| Listing Date | Thu, Oct 8, 2026 |
| IPO Opens | 30 September 2026 |
| IPO Closes | 5 October 2026 |
| Basis of Allotment | 6 October 2026 |
| Refund Initiation | 7 October 2026 |
| Credit of Shares to Demat | 7 October 2026 |
| Listing Date | 8 October 2026 |
Nityas Gems & Jewellery IPO Lot Size
The Nityas Gems & Jewellery IPO lot size is 200 shares. At the upper price band of ₹75 per share, one lot requires a minimum investment of ₹15,000. Retail investors can apply for up to 13 lots, or 2,600 shares, amounting to ₹1,95,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 200 | 15,000 |
| Retail (Max) | 13 | 2,600 | 1,95,000 |
| S-HNI (Min) | 14 | 2,800 | 2,10,000 |
| S-HNI (Max) | 66 | 13,200 | 9,90,000 |
| Retail Minimum | 67 | 13,400 | 10,05,000 |
Nityas Gems & Jewellery IPO Reservation
Nityas Gems & Jewellery IPO comprises a total issue size of 1,44,56,000 shares. The reservation is expected to include not less than 75% of the Net Issue for QIBs, not more than 15% for NIIs and not more than 10% for Retail Individual Investors.
Nityas Gems & Jewellery IPO Subscription
Nityas Gems & Jewellery IPO is an upcoming issue. The subscription figures will be updated after bidding begins.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Nityas Gems & Jewellery
Nityas Gems and Jewellery Limited is engaged in the design, manufacturing, and sale of lab-grown diamond-studded gold jewellery in India. The company operates through a business-to-business (B2B) model serving retailers and wholesalers and a direct-to-consumer (D2C) model through its subsidiary, Ayaani Diamonds and Jewellery Private Limited.
The company's operations cover the jewellery value chain, including raw material management, product design, manufacturing, quality control, distribution and retail sales. Its product portfolio includes rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles for daily wear, special occasions, men's jewellery and customised designs.
The company supplies its products to B2B customers including jewellery retailers such as GIVA, Palmonas, ONYA and Ladia Diamonds. Its B2B operations cover customers across 18 states and 2 union territories in India, while its D2C business serves customers through retail stores in seven cities and online sales channels. The company also serves international customers in the UAE, Australia, Canada, Taiwan and Kenya.
Strengths
- Integrated B2B and D2C Business Model: The company combines B2B manufacturing and distribution with D2C retail operations through its subsidiary.
- In-House Design and Manufacturing: The company has in-house design and manufacturing capabilities that support product development, quality control and customised jewellery requirements.
- Lab-Grown Diamond Focus: The company operates in the lab-grown diamond-studded gold jewellery segment and offers products across multiple jewellery categories.
- Diversified Product Portfolio: Its product range includes rings, earrings, pendants, bracelets, necklaces, bangles, mangalsutras and other jewellery categories.
- Growing Market Reach: The company serves customers across 18 states and 2 union territories in India and also has international customers across several overseas markets.
Risks to Consider
- Customer Concentration: A significant portion of the company's revenue is derived from a limited number of B2B customers, which may increase dependence on key customers.
- Geographical Concentration: A substantial portion of revenue is generated from selected states in India, exposing the business to regional market conditions.
- Raw Material Dependence: The business depends on the availability and prices of lab-grown diamonds and gold bullion, and fluctuations in raw material costs may affect margins.
- Supplier Concentration: The company's purchases are significantly concentrated among a limited number of suppliers, which may create supply-related risks.
- Single Manufacturing Facility: Manufacturing operations are concentrated at a single facility in Surat, Gujarat, making the business dependent on the continued availability and smooth operation of this facility.
- Working Capital Intensive: The jewellery business requires significant working capital to maintain inventory and support customer credit requirements.
- Discretionary Demand: Demand for lab-grown diamond-studded gold jewellery may be affected by changes in consumer spending, economic conditions and overall market sentiment.
Nityas Gems & Jewellery Financials (₹ Cr)
Nityas Gems & Jewellery reported growth in revenue and profit over the reported financial years. Revenue from operations increased from ₹11.67 crore in FY2023 to ₹53.66 crore in FY2024 and ₹96.84 crore in FY2025. For the six-month period ended September 30, 2025, the company reported revenue of approximately ₹88.54 crore and PAT of ₹8.53 crore.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2023 | 11.67 | 0.25 | 6.08 | 1.24 |
| FY2024 | 53.66 | 4.02 | 11.75 | 5.28 |
| FY2025 | 96.84 | 9.79 | 39.87 | 21.35 |
| H1 FY2026 | 88.54 | 8.53 | 101.86 | 49.05 |
KPIs & Valuation
At the FY2025 financials, Nityas Gems & Jewellery reported an EPS of ₹4.37 and NAV of ₹9.53 per share. The company reported RoNW of 70.17%, ROCE of 63.18%, EBITDA Margin of 13.32% and PAT Margin of 10.11%.
Objects of the Issue
The ₹108.35 crore IPO is entirely a Fresh Issue. The company proposes to utilise the net proceeds from the issue primarily for funding its working capital requirements and for general corporate purposes. The company proposes to utilise the IPO proceeds for:
- Funding working capital requirements of the company.
- General corporate purposes.
Promoters, Lead Managers & Registrar
Nityas Gems & Jewellery Limited is promoted by Rajnikant Lallubhai Chanchad, Sonalben Rajnikant Chanchad and Savaliya Dhruv Janakbhai.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Bigshare Services Private Limited |
|---|---|
| Phone | 8657578989 / 8069219065 / 8069219060 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/IPO_Status.html |
Nityas Gems & Jewellery IPO Review
Nityas Gems & Jewellery operates across the design, manufacturing and sale of lab-grown diamond-studded gold jewellery, with both B2B and D2C channels. The company has developed an integrated operating model covering product design, manufacturing, quality control, distribution and retail sales.
The company's financial performance has improved across the reported periods. Revenue from operations increased from ₹11.67 crore in FY2023 to ₹53.66 crore in FY2024 and ₹96.84 crore in FY2025. Profit after tax increased from ₹0.25 crore in FY2023 to ₹4.02 crore in FY2024 and ₹9.79 crore in FY2025.
However, the company faces risks related to customer and geographical concentration, dependence on gold and lab-grown diamonds, supplier concentration and working capital requirements. The IPO valuation should also be considered with reference to the FY2025 EPS of ₹4.37 and the issue price band of ₹70 to ₹75.
How to Apply
Nityas Gems & Jewellery IPO applications can be made through ASBA or UPI. The IPO opens on 30 September 2026 and closes on 5 October 2026. The minimum application is 1 lot of 200 shares, requiring ₹15,000 at the upper price band of ₹75.
Through UPI
- Log in to your stockbroker app/website.
- Go to the IPO section.
- Select Nityas Gems & Jewellery IPO.
- Enter the number of lots you want to apply for.
- Select the bid price. Retail investors can generally choose Cut-off when available.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's DRHP and subsequent offer documents for detailed information about the business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds.
Last updated Sep 25, 2026.