Nityas Gems & Jewellery IPO Details
Nityas Gems & Jewellery IPO Summary
Nityas Gems & Jewellery IPO opens for subscription on 30 Sep 2026 and closes on 05 Oct 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 08 Oct 2026.
Nityas Gems & Jewellery IPO price band has been fixed at ₹70 – ₹75 per share. The face value is ₹5 per share with a lot size of 200.
Nityas Gems & Jewellery IPO total issue size comprises 1,44,56,000 shares (aggregating up to ₹108.42 Cr). This includes a fresh issue of 1,44,56,000 shares (aggregating up to ₹108.42 Cr). Pre-issue shareholding stands at 4,31,37,248, which will increase to 5,75,93,248 post-issue.
Nityas Gems & Jewellery IPO carries a ₹1 (1.33%) GMP, reflecting investor sentiment.
Nityas Gems & Jewellery IPO Lot Size :Retail Minimum is 1 lot (200 shares) amounting to ₹15,000. Retail Maximum is 13 lots (2,600 shares) amounting to ₹1,95,000. SHNI Minimum is 14 lots (2,800 shares) amounting to ₹2,10,000. SHNI Maximum is 66 lots (13,200 shares) amounting to ₹9,90,000. BHNI Minimum is 67 lots (13,400 shares) amounting to ₹10,05,000.
Nityas Gems & Jewellery IPO Details
Nityas Gems & Jewellery IPO Subscription
Nityas Gems & Jewellery IPO Application Wise Breakup (Approx)
Nityas Gems & Jewellery IPO Dates
- 30 Sep 2026Opening dateOpen
- 05 Oct 2026Closing dateClose
- 06 Oct 2026Allotment Date Allotment
- 07 Oct 2026Initiation of RefundsRefund
- 07 Oct 2026Credit of SharesCredit
- 08 Oct 2026Listing dateListing
Nityas Gems & Jewellery IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 200 | ₹15,000 |
| Retail Maximum | 13 | 2600 | ₹1,95,000 |
| SHNI Minimum | 14 | 2800 | ₹2,10,000 |
| SHNI Maximum | 66 | 13200 | ₹9,90,000 |
| BHNI Minimum | 67 | 13400 | ₹10,05,000 |
Nityas Gems & Jewellery IPO Reservation
Promoter Holding
Documents
Nityas Gems & Jewellery IPO Valuations
Nityas Gems & Jewellery Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 116.42 | 39.87 | 11.75 |
| Total Income | 203.33 | 96.85 | 53.66 |
| Profit After Tax | 22.32 | 9.79 | 4.02 |
| EBITDA | 30.97 | 12.90 | 5.48 |
| NET Worth | 79.43 | 22.57 | 5.33 |
| Reserves and Surplus | 40.87 | 20.11 | 4.28 |
| Total Borrowing | 9.08 | 7.11 | 3.26 |
| Amount in ₹ Crore | |||
About Nityas Gems & Jewellery IPO
Incorporated in April 2022, 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 an integrated business model comprising B2B manufacturing and distribution to organised retailers, standalone retailers and wholesalers, along with direct-to-consumer (“D2C”) omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery Private Limited (“Ayaani”). The Company’s operations cover raw material procurement, product design, manufacturing, quality control, distribution and branded retail.
The Company offers lab-grown diamond studded gold jewellery across categories including rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles. Its portfolio caters to daily wear, occasion-based, men’s jewellery and customised segments, with a strategic focus on lightweight and affordable jewellery. The Company’s prominent B2B customers include GIVA, Palmonas, ONYA and Ladia Diamonds, among others. It supplies products based on its own designs as well as customised requirements relating to purity, weight, design and finishing.
The Company commenced operations in July 2022 as a B2B manufacturer and supplier and supplies jewellery across 18 states and 2 Union Territories in India, as well as to customers in the UAE, Australia, Canada, Taiwan and Kenya. Its manufacturing facility is located in Surat, Gujarat, and includes in-house designing, prototyping and production capabilities, enabling the Company to manage product quality, costs and lead times. In July 2025, the Company acquired Ayaani, a D2C lab-grown diamond jewellery brand, which operates an online storefront and 10 physical retail stores across eight cities in India through company-operated and franchise-operated formats.
The integration of B2B manufacturing and D2C retail enables the Company to serve both institutional and end consumers while gaining direct insights into customer preferences. The Company is supported by an in-house workforce comprising designers, karigars, quality control, operations, procurement, sales and other functions.
As of August 31, 2026, the Company had a total workforce of 192 full-time employees, including 122 in-house karigars and 29 designers, across senior management, design, operations, quality control, procurement and logistics, sales and marketing and other functions.
Strength Of Nityas Gems & Jewellery IPO
- Integrated and scalable business model.
- Expanding customer base and market reach.
- Design-Led manufacturing with strong product portfolio and supported by in-house karigars.
- Presence in a high-growth lab-grown diamond jewellery segment.
- Strong Financial Performance with Improving Margins.
Risk Of Nityas Gems & Jewellery IPO
- The company's revenue from operations is significantly concentrated among a limited number of B2B customers. During the six-month period ended September 30, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, our top 10 customers contributed 61.08%, 76.68%, 84.24% and 97.17% of its revenue from operations, respectively. Any reduction in business from such customers or inability to diversify the company's customer base may materially and adversely affect the company's business, financial condition, results of operations, cash flows and prospects.
- A substantial portion of the company's revenue from operations is derived from a limited number of states in India, particularly Gujarat, Karnataka, Telangana, Tamil Nadu and Maharashtra, which together contributed Rs.728.39 million, Rs.897.85 million, Rs.506.63 million and Rs.115.46 million, aggregating to 82.27%, 92.72%, 94.44% and 98.96% of its revenue from operations during the six-month period ended September 30, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Any adverse developments in these regions could materially and adversely affect the company's business, financial condition, results of operations, cash flows and prospects.
- The company's business is dependent on the availability and price of lab-grown diamonds and gold bullion, which together constituted 88.82%, 88.38%, 95.14% and 99.26% of its total raw material purchases during the six-month period ended September 30, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Any volatility in the prices or disruption in the supply of such materials could materially and adversely affect its business, results of operations, financial condition and cash flows.
- The company's purchases are significantly concentrated among a limited number of suppliers, with its top 10 suppliers contributing 90.66%, 94.31%, 87.05% and 82.19% of our total purchases during the sixmonth period ended September 30, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Any disruption in supply or adverse changes in terms from such suppliers could materially and adversely affect its business, results of operations, financial condition and cash flows.
- The company's manufacturing operations are concentrated at a single facility in Surat, Gujarat, and any disruption in operations, failures of machinery, or inability to maintain quality standards could materially and adversely affect its business, financial condition, results of operations and prospects.
- The company's business is working capital intensive, and the company's working capital requirements have increased from Rs.12.42 million in Fiscal 2023 to Rs.461.77 million as of September 30, 2025. The company intend to utilise a portion of the Net Proceeds towards funding our working capital requirements. Any inability to fund or efficiently manage its working capital could materially and adversely affect its business, financial condition, results of operations and cash flows.
- The company is exposed to counterparty credit risk due to the extension of credit to the company's customers, and the company's trade receivables have increased from Rs.40.64 million in Fiscal 2024 to Rs.263.73 million as of September 30, 2025, with receivable days increasing to 36 days. Any delay in, or non-receipt of, payments could materially and adversely affect its cash flows, working capital position and results of operations.
- Demand for lab-grown diamond studded gold jewellery is discretionary in nature, and any sustained decline in discretionary consumer spending, adverse macroeconomic conditions or shifts in consumer preferences could materially and adversely affect its business, results of operations, cash flows and financial condition.
- The company's business is subject to seasonal fluctuations, and lower-than-expected sales during peak periods may have a disproportionate effect on its results of operations, cash flows and financial condition.
- preferences, including acceptance of the company's designs. Any decline in such demand, failures to anticipate design trends or inability to achieve market acceptance for its designs could materially and adversely affect the company's business, results of operations, cash flows and financial condition.
Objectives Nityas Gems & Jewellery IPO
1. Funding Working Capital requirements of the Company
2. General corporate purposes
Company Contact Details
Sector-1, 6th & 7th Floor, Ratih House SY-376, TPS 4, PI-7,Paiki Part-B, Parshottam Farm Compound Opp. Podar Arcade, Varachha Road, A. K. Road
Surat, Gujarat , 395008
Phone: +91 70462 19807
Email: cs@nityas.in
Website: https://www.nityas.in/
Registrar Contact Details
Nityas Gems & Jewellery FAQs
The Nityas Gems & Jewellery IPO is a MAINBOARD public issue comprising 14456000 equity shares with a face value of ₹5 each, aggregating to a total issue size of ₹108.42 Cr. The issue price has been fixed at ₹75 per equity share, and the minimum application size is 200 shares.
The IPO opens for subscription on 30 Sep 2026, and closes on 05 Oct 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹1 (1.33%).
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