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Nityas Gems & Jewellery IPOLISTED
Nityas Gems and Jewellery Limited designs, manufactures and sells lab-grown diamond-studded gold jewellery through B2B and D2C channels, offering lightweight and affordable designs across various categories.
Listing price
₹80
Listing gain
+6.67%
Current
₹80
Listed
08 Oct 26
Opens
30 Sept 26Closes
05 Oct 26Allotment
06 Oct 26Refund
07 Oct 26Demat
07 Oct 26Listing
08 Oct 26Overview
Price band
₹70-75
Lot size
200 shares
Min. investment
₹15,000
Issue size
₹108.35 Cr
1.45 Cr shares
Fresh issue
₹108.35 Cr
1.45 Cr shares
Face value
₹5 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| QIB | 71,78,000 | 49.65% |
| NII (HNI) | 21,53,400 | 14.9% |
| B-HNI | 14,35,600 | 9.93% |
| S-HNI | 7,17,800 | 4.97% |
| Individual | 50,24,600 | 34.76% |
| Employee | 1,00,000 | 0.69% |
| Total | 1,44,56,000 | 100% |
Lot size & investment
| 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 |
| B-HNI (Min) | 67 | 13,400 | ₹10,05,000 |
Listing performance
NSE/BSE: NITYASListing gain
+6.67%
Gain per retail lot
₹1,000
Latest vs issue
—
GMP was
—
Issue price
Listing price
Latest price appears here during market hours.
Nityas Gems & Jewellery Live GMP
Latest GMP
₹0
All-time high
₹1
All-time low
₹0
Subscription
05 Oct, 06:22 pmOversubscribed 2.25 times · 87,413 applications
Total applications
87,413
Total bid amount
₹244 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 71,78,000 | 75,75,600 | 1.06x | ₹56.82 Cr |
| NII (HNI) | 21,53,400 | 44,11,800 | 2.05x | ₹33.09 Cr |
| B-HNI | 14,35,600 | 22,42,400 | 1.56x | ₹16.82 Cr |
| S-HNI | 7,17,800 | 21,69,400 | 3.02x | ₹16.27 Cr |
| Retail | 50,24,600 | 2,03,14,000 | 4.04x | ₹152 Cr |
| Employee | 1,00,000 | 2,81,800 | 2.82x | ₹2.11 Cr |
| Total | 1,44,56,000 | 3,25,83,200 | 2.25x | ₹244 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 512 | 166 | 0.32x |
| S-HNI | 256 | 712 | 2.78x |
| Retail | 25,123 | 85,826 | 3.42x |
| Employee | 0 | 502 | — |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026PAT Margin
11%
ROCE
42.93%
EBITDA Margin
15.27%
Debt to Equity Ratio
0.29
Price to Book Value
4.96
RoNW
43.75%
Valuation vs listed peers
EPS Pre IPO
₹5.17
EPS Post IPO
₹3.87
P/E Pre IPO
14.51
P/E Post IPO
19.38
Price-to-earnings
| Company | P/E | P/B | RoNW | Face value |
|---|---|---|---|---|
| Golkunda Diamonds & Jewellery Limited | 16.61 | — | — | ₹10 |
| Goldiam International Limited | 21.69 | — | — | ₹2 |
| Renaissance Global Limited | 18.63 | — | — | ₹2 |
Peer median P/E 18.6× · Ratios as disclosed in the offer document.
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+278.9%
Profit growth FY24 → FY26
+455.2%
P/E vs peer median
19.4× vs 18.6×
- PAT margin 11.0% and ROCE 42.9%.
- Priced above its listed-peer median P/E.
Strengths & risks
- Integrated B2B & D2C Model with retail and direct consumer operations.
- Growing Customer Base with 190 B2B customers.
- Large Design Portfolio with 28,000+ jewellery designs.
- In-house Manufacturing with 360 kg annual capacity.
- Strong Revenue Growth from ₹116.68 million in FY23 to ₹968.45 million in FY25.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding Working Capital requirements of the Company. | 70 |
| General corporate purposes. | - |
Company & documents
Nityas Gems and Jewellery Limited is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery. The Company operates through B2B manufacturing and distribution and D2C omnichannel retail through its subsidiary, Ayaani Diamonds and Jewellery Private Limited.
The Company offers lab-grown diamond-studded gold jewellery across rings, earrings, pendants, bracelets, necklaces and bangles, with a focus on lightweight and affordable designs for daily wear, occasions, men’s and customised jewellery segments.
The Company commenced its B2B operations in July 2022, supplying jewellery across 18 states and 2 Union Territories in India, as well as select overseas markets. Its key B2B customers include GIVA, Palmonas, ONYA and Ladia Diamonds, with customised jewellery offered based on customer requirements.
The Company has an in-house design team using CAD and CAM technology, with over 28,000 jewellery designs. Its Surat facility spans approximately 7,000 sq. ft. with an annual capacity of around 360 kg, supporting key manufacturing processes.
In July 2025, the Company acquired Ayaani, expanding into the D2C segment through its online platform and nine stores across seven cities in India.
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.
Registrar
Company contact
Nityas Gems & Jewellery Ltd.
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
Book running lead managers
- Choice Capital Advisors Pvt. Ltd.
Promoters
- Rajnikant Lallubhai Chanchad
- Sonalben Rajnikant Chanchad
- Savaliya Dhruv Janakbhai