Nityas Gems & Jewellery IPO is a book-built issue of ₹108.35 crore comprising entirely of a fresh issue. The IPO will open for subscription on September 30, 2026, and close on October 5, 2026. The shares are proposed to be listed on BSE and NSE on October 8, 2026.
The company operates in the gems and jewellery segment, focusing on the design, manufacturing and sale of lab-grown diamond-studded gold jewellery. It follows a B2B model serving jewellery retailers and wholesalers, along with a D2C business through its subsidiary, Ayaani Diamonds and Jewellery Private Limited.
The price band has been fixed at ₹70–₹75 per share, with a minimum lot size of 200 shares. At the upper price band, retail investors need ₹15,000 for one lot.
As of September 25, 2026, the reported GMP for Nityas Gems & Jewellery IPO is ₹0.
GMP Date
Price band
GMP
Indicative Listing Price
Estimated Gain
September 25, 2026
₹75
₹0
₹75
September 25, 2026
A ₹0 GMP indicates that no premium is being indicated in the reported grey-market data at the time of the supplied update.
GMP Disclaimer: Grey market premium is unofficial and can change rapidly. It should not be considered a guaranteed indicator of the actual listing price.
Nityas Gems & Jewellery IPO Subscription Status
The IPO opens on September 30, 2026, so live subscription data is not available yet.
Investor Category
Subscription
QIB
Not started
NII
Not started
Retail
Not started
Total
Not started
Subscription figures should be updated once bidding begins.
Day-wise Subscription Trend
Since the IPO has not opened yet, there is no day-wise subscription data available.
Day
Date
Subscription
Day 1
September 30, 2026
Not started
Day 2
October 1, 2026
Not available
Day 3
October 3, 2026
Not available
Day 4
October 5, 2026
Not available
Current Subscription
Nityas Gems & Jewellery IPO subscription has not started yet. Live subscription figures will become available after bidding opens on September 30, 2026.
Category
Shares Offered
Shares Bid
Bid Amount (₹ Cr.)
QIB
To be Updated
To be Updated
To be Updated
NII
To be Updated
To be Updated
To be Updated
• Small NII
To be Updated
To be Updated
To be Updated
• Big NII
To be Updated
To be Updated
To be Updated
Retail
To be Updated
To be Updated
To be Updated
Emp.
To be Updated
To be Updated
To be Updated
Total
To be Updated
To be Updated
To be Updated
Nityas Gems & Jewellery IPO Lot Size
The minimum bid is 200 shares and investors can bid in multiples of 200 shares.
The company serves customers through both B2B and D2C channels. Its B2B business supplies jewellery to retailers and wholesalers, while its D2C operations are conducted through its subsidiary, Ayaani Diamonds and Jewellery Private Limited.
Its operations cover several stages of 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
Bangles
Custom-designed jewellery
The company supplies products to B2B customers across 18 states and 2 union territories in India. It also serves customers through retail stores in seven cities and online channels.
Its key B2B customers include GIVA, Palmonas, ONYA and Ladia Diamonds.
Nityas Gems & Jewellery IPO Objectives
The company proposes to use the IPO proceeds towards working capital and general corporate purposes.
IPO Objective
Amount
Funding Working Capital Requirements
₹70 Cr
General Corporate Purposes
Balance
Total Identified
₹70 Cr
Data note: The supplied source lists the total IPO size as ₹108.35 crore, while the identified IPO objectives total ₹70 crore. The source does not specify the allocation of the remaining amount. Investors should verify the final utilisation of proceeds from the company's RHP/final offer documents.
Nityas Gems & Jewellery Financial Performance
The company's financial performance has shown significant growth between FY23 and FY25.
Particulars (₹ Cr)
FY25
FY24
FY23
Assets
39.87
12
6.08
Total Income
96.85
54
11.67
Profit After Tax
9.79
4
0.25
EBITDA
12.9
5
0.49
Net Worth
22.57
5
1.25
Reserves & Surplus
20.11
4
0.25
Total Borrowing
7.11
3.26
1.31
Total income increased from ₹11.67 crore in FY23 to ₹96.85 crore in FY25. PAT also increased from ₹0.25 crore to ₹9.79 crore during the same period.
Borrowings increased alongside the company's expansion, reaching ₹7.11 crore in FY25.
Nityas Gems & Jewellery IPO Key Financial Ratios
KPI
FY25
ROE
70.17%
ROCE
63.18%
Debt/Equity
0.34%
RoNW
70.17%
PAT Margin
10.11%
EBITDA Margin
13.32%
Price to Book Value
7.87
The reported ROE and RoNW of 70.17% indicate strong profitability relative to the company's net worth in FY25. However, investors should also consider the company's relatively small historical asset and net-worth base when interpreting these ratios.
Nityas Gems & Jewellery IPO Valuation
Metric
Pre-IPO
Post-IPO
EPS
₹2.27
₹1.70
P/E
33.04x
44.12x
Promoter Holding
58.10%
0.00%
Market Cap
₹431.95 Cr
—
The supplied valuation data indicates a post-IPO P/E of 44.12x, compared with 33.04x on the pre-IPO calculation.
The source also shows promoter holding falling from 58.1% to 0% after the IPO. This should be checked against the final offer documents because the issue is described as an entirely fresh issue.
Nityas Gems & Jewellery Promoter Holding
The promoters listed in the supplied IPO data are:
Rajnikant Lallubhai Chanchad
Sonalben Rajnikant Chanchad
Savaliya Dhruv Janakbhai
The supplied data shows promoter holding at 58.1% before the IPO and 0% post IPO.
Nityas Gems & Jewellery IPO Peer Comparison
Company
EPS
NAV
P/E
RoNW
Renaissance Global Ltd
₹7.68
₹140.20
12.17x
5.73%
Goldiam International Ltd
₹10.97
₹69.30
26.99x
16.96%
Golkunda Diamonds & Jewellery Ltd
₹16.97
₹93.91
16.93x
19.78%
Nityas Gems & Jewellery Ltd
₹4.37
₹9.53
Subject to IPO
70.17%
The peer data shows that Nityas Gems & Jewellery has a substantially higher reported RoNW, although the company is much smaller in terms of its reported NAV and historical scale. Direct comparison should therefore consider business size, product mix, growth rates and valuation.
Competitive Strengths
Growing lab-grown diamond segment: Nityas focuses on lab-grown diamond-studded gold jewellery, giving it exposure to an evolving segment of the jewellery industry.
Integrated operations: The company handles design, manufacturing, quality control and distribution internally, which can support consistency and product development.
B2B and D2C presence: Its combination of retailer/wholesaler relationships and direct consumer sales provides multiple distribution channels.
Customer base: Customers such as GIVA, Palmonas, ONYA and Ladia Diamonds provide established B2B relationships.
Geographic reach: The company serves customers across 18 states and 2 union territories, alongside international markets.
Risks Investors Should Consider
The company operates in the competitive gems and jewellery industry.
Demand for lab-grown diamond jewellery can change with consumer preferences and pricing.
Jewellery businesses are exposed to fluctuations in gold and diamond input costs.
A significant part of the business is dependent on B2B customers and their order requirements.
The company has a relatively short operating history compared with established listed jewellery companies.
The valuation implied by the supplied post-IPO P/E is higher than the reported P/E of some listed peers.
The IPO-objective allocation and post-IPO promoter-holding figures supplied in the source contain inconsistencies that should be verified in the final offer documents.
Should You Invest in Nityas Gems & Jewellery IPO?
Nityas Gems & Jewellery presents a business model built around lab-grown diamond-studded gold jewellery, with both B2B and D2C channels. Its financial statements show strong growth in revenue, EBITDA and PAT between FY23 and FY25, while its reported FY25 ROE and RoNW are also high.
At the same time, the company is considerably smaller than established listed jewellery peers, and the supplied valuation data indicates a post-IPO P/E of 44.12x. Investors may therefore want to examine the valuation in relation to the company's scale, growth sustainability and competitive position.
The IPO also proposes to use ₹70 crore of identified proceeds for working capital, while the total issue size is ₹108.35 crore. The source does not provide the allocation of the remaining amount. In addition, the reported post-IPO promoter holding of 0% requires verification against the final offer documents.
Investors evaluating the issue can therefore consider the company's growth in lab-grown jewellery, customer base, B2B/D2C model, profitability, valuation, competitive environment and the final utilisation of IPO proceeds.
Nityas Gems & Jewellery IPO Allotment Status
The basis of allotment is tentatively scheduled for October 6, 2026.
Investors can check their allotment status after finalisation through the registrar, Bigshare Services Pvt. Ltd., using details such as PAN or application number.
Refunds are expected to begin on October 7, 2026, followed by credit of shares to eligible investors' demat accounts on the same day.
Nityas Gems & Jewellery IPO is a ₹108.35 crore book-built issue consisting entirely of a fresh issue. The IPO is scheduled to open from September 30 to October 5, 2026, with a price band of ₹70–₹75 and a lot size of 200 shares.
The company specialises in lab-grown diamond-studded gold jewellery and operates through B2B and D2C channels. Its revenue increased from ₹11.67 crore in FY23 to ₹96.85 crore in FY25, while PAT rose from ₹0.25 crore to ₹9.79 crore.
The reported FY25 ROE and RoNW are 70.17%. However, the supplied data shows a post-IPO P/E of 44.12x and certain offer-document figures, including the ₹70 crore identified utilisation versus the ₹108.35 crore issue size and 0% post-IPO promoter holding, require verification from the final offer documents.
Nityas Gems & Jewellery IPO FAQs
When will Nityas Gems & Jewellery IPO open?
The IPO is scheduled to open on September 30, 2026.
When will Nityas Gems & Jewellery IPO close?
The IPO is scheduled to close on October 5, 2026.
What is the Nityas Gems & Jewellery IPO price band?
The price band is ₹70 to ₹75 per share.
What is the Nityas Gems & Jewellery IPO lot size?
The minimum lot size is 200 shares. At ₹75 per share, one lot requires ₹15,000.
What is the Nityas Gems & Jewellery IPO issue size?
The total issue size is ₹108.35 crore, entirely through a fresh issue.
What is the Nityas Gems & Jewellery IPO GMP today?
The supplied GMP data dated September 25, 2026 shows ₹0. GMP is unofficial and can change.
When will Nityas Gems & Jewellery IPO be listed?
The tentative listing date is October 8, 2026 on BSE and NSE.
Who is the registrar of Nityas Gems & Jewellery IPO?
Bigshare Services Pvt. Ltd. is the IPO registrar.
Who is the lead manager of Nityas Gems & Jewellery IPO?
Choice Capital Advisors Pvt. Ltd. is the book-running lead manager.
What does Nityas Gems & Jewellery do?
The company designs, manufactures and sells lab-grown diamond-studded gold jewellery, serving B2B retailers/wholesalers and D2C customers.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. IPO details, GMP, subscription figures, valuation data and timelines can change. Investors should review the company's RHP/offer documents and conduct their own due diligence before making any investment decision.
Author: Komal Bhatt
Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.
She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.
Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.
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