Nityas Gems & Jewellery IPO

The Nityas Gems & Jewellery mainboard IPO runs from 30 Sept 2026 to 5 Oct 2026, offered at a price band of ₹70–75 per share, and is set to list on NSE and BSE. The company is looking to raise ₹108.35 crore through the offer. Retail investors bid in lots of 200 shares, a minimum application of ₹15,000.

Issue structure

The IPO is structured entirely as a fresh issue of ₹108.35 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding working capital requirements of the company (₹70 crore), alongside general corporate purposes (₹21.47 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Nityas Gems & Jewellery reported revenue of ₹203.33 crore and a net profit of ₹22.32 crore. Revenue grew from ₹53.66 crore in FY2024 to ₹203.33 crore in FY2026 (+279.0%). Net worth stood at ₹79.43 crore at the end of FY2026. At the upper band, that puts the issue at roughly 14.5× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 19.38× post-issue earnings and 4.96× book value, against a return on net worth of 43.75% and a debt-to-equity ratio of 0.29. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Goldiam International Ltd. and Golkunda Diamonds & Jewellery Ltd., with a median peer P/E of about 18.6×. The issue's own post-issue P/E works out to 19.38×.

Promoters

The promoters of the company are <p>Rajnikant Lallubhai Chanchad, Sonalben Rajnikant Chanchad, Savaliya Dhruv Janakbhai</p>. Promoter holding stands at 58.1% before the issue and comes down to 43.51% after listing.

Grey market premium (GMP)

In the unofficial grey market, Nityas Gems & Jewellery shares are quoted at a premium of ₹1 implying an expected listing around ₹76, about +1.3% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Nityas Gems & Jewellery IPO was subscribed 2.26 times overall. The strongest demand came from retail investors at 4.07 times, with qualified institutional buyers (QIB) at 1.06× and non-institutional investors (NII) at 2.05×.

Listing performance

Nityas Gems & Jewellery listed on 8 Oct 2026 at ₹82, a premium of +9.3% over the issue price of ₹75.

What to weigh

When evaluating the Nityas Gems & Jewellery IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Nityas Gems & Jewellery

Nityas Gems and Jewellery Limited specialises in the design, manufacturing, and sale of lab-grown diamond-studded gold jewellery in India. The company operate through a business-to-business (B2B) model for retailers and wholesalers, as well as a direct-to-consumer (D2C) approach via our subsidiary, Ayaani Diamonds and Jewellery Private Limited. The company's operations encompass the entire jewellery value chain, including raw material management, product design, manufacturing, quality control, distribution, and retail sales. The company offers a variety of lab-grown diamond gold jewellery, including rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks, and bangles, for daily wear, special occasions, men&rsquo;s jewellery, and custom designs. The company's key B2B customers include established jewellery retailers like &lsquo;GIVA&rsquo;, &lsquo;Palmonas&rsquo;, &lsquo;ONYA&rsquo;, and &lsquo;Ladia Diamonds&rsquo;. The company supplies customised lab-grown diamond-studded gold jewellery based on its designs and specific customer requirements, including purity, weight, and finish. They ensure design-led development, consistent quality, and timely order execution to support our customer relationships. The company's B2B operations are essential to its business, focusing on the design and supply of lab-grown diamond jewellery to retailers. The company serves the domestic market by supplying products to B2B customers in 18 states and 2 union territories in India, as well as to end customers through retail stores in seven cities and online sales. Competitive Strength: Integrated B2B and D2C business model with a growing and diversified customer base. Manufacturing capabilities supported by in-house design and technology integration. Well positioned to capitalise on the growth of lab grown diamond jewellery. Skilled in-house workforce enabling quality control and reduced dependence on external job work. Robust financial performance with consistent growth. 18 states and 2 union territories in India, as well as to international customers in the UAE, Australia, Canada, Taiwan, and Kenya.