The Nityas Gems & Jewellery IPO has opened for investors on September 30, 2026, and the issue will remain open until October 5, 2026. The company is looking to raise around ₹108.35 crore through a completely fresh issue of shares.
The IPO has a price band of ₹70 to ₹75 per share, while the minimum application size is 200 shares. At the upper end of the price band, retail investors will need ₹15,000 to apply for one lot.
Nityas Gems & Jewellery plans to list its shares on both the BSE and NSE, with October 8, 2026 set as the tentative listing date.
Nityas Gems & Jewellery IPO: Key Details
| Particular | Details |
|---|---|
| IPO Name | Nityas Gems & Jewellery IPO |
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 5, 2026 |
| Price Band | ₹70–₹75 per share |
| Face Value | ₹5 per share |
| Issue Size | Around ₹108.35 crore |
| Issue Type | Bookbuilding |
| Fresh Issue | 1.45 crore shares |
| Lot Size | 200 shares |
| Minimum Retail Investment | ₹15,000 |
| Listing | BSE and NSE |
| Tentative Allotment Date | October 6, 2026 |
| Tentative Listing Date | October 8, 2026 |
| Lead Manager | Choice Capital Advisors |
| Registrar | Bigshare Services |
The issue consists entirely of fresh shares, meaning the proceeds will go to the company rather than existing shareholders selling their holdings.
Nityas Gems & Jewellery IPO Subscription Status
The IPO received a mixed response across investor categories during the second day of bidding.
As of October 1, 2026, at 1:34 PM, the issue was subscribed 0.45 times overall.
The retail portion had received bids for more than the shares available, with subscription standing at 1.09 times. The NII category was subscribed 0.20 times, while the QIB portion stood at 0.07 times.
A total of 22,592 applications had been received at that point.
Category-wise Subscription
| Investor Category | Subscription |
|---|---|
| QIB | 0.07x |
| NII | 0.20x |
| Retail | 1.09x |
| Employee | 0.84x |
| Overall | 0.45x |
These figures are live subscription data for October 1 and can change before the IPO closes.
Nityas Gems & Jewellery IPO GMP
The Grey Market Premium, or GMP, is commonly used by investors to gauge unofficial market sentiment before an IPO lists.
However, GMP is not an official exchange figure and is not a guarantee of the listing price or returns.
Investors should therefore consider the company’s financial performance, valuation, business model and IPO terms rather than relying only on GMP.
What Does Nityas Gems & Jewellery Do?
Nityas Gems & Jewellery Limited was incorporated in April 2022 and operates in the lab-grown diamond-studded gold jewellery business.
The company follows both B2B and D2C models. It supplies jewellery to organised retailers, standalone retailers and wholesalers, while also reaching consumers through its subsidiary, Ayaani Diamonds and Jewellery Private Limited.
Its product range includes rings, earrings, pendants, bracelets, mangalsutras, necklaces, bangles, nose pins and other jewellery products.
The company says its business focuses on lightweight and affordable jewellery and includes both everyday and occasion-based products.
Nityas Gems & Jewellery Business Model
The company’s operations cover several stages of the jewellery supply chain, including:
- Raw material procurement
- Product design
- Manufacturing
- Quality control
- Distribution
- Retail
Its manufacturing facility is located in Surat, Gujarat.
The company also has a D2C presence through Ayaani, which operates an online store and physical retail outlets. The company acquired Ayaani in July 2025.
As of August 31, 2026, the company had 192 full-time employees, including 122 in-house karigars and 29 designers.
Nityas Gems & Jewellery Financial Performance
The company reported strong growth in its financial performance over the last three financial years.
According to the available figures, total income increased from ₹53.66 crore in FY2024 to ₹96.85 crore in FY2025, before reaching ₹203.33 crore in FY2026.
Profit after tax also increased from ₹4.02 crore in FY2024 to ₹9.79 crore in FY2025 and ₹22.32 crore in FY2026.
Financial Snapshot
| ₹ Crore | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | 53.66 | 96.85 | 203.33 |
| Profit After Tax | 4.02 | 9.79 | 22.32 |
| EBITDA | 5.48 | 12.90 | 30.97 |
| Net Worth | 5.33 | 22.57 | 79.43 |
| Total Borrowings | 3.26 | 7.11 | 9.08 |
The company’s reported revenue increased by about 110% between FY2025 and FY2026, while profit after tax rose by around 128%.
How Much Money Do You Need to Apply for the Nityas Gems IPO?
The minimum lot size is 200 shares.
At the upper price of ₹75 per share:
200 × ₹75 = ₹15,000
Therefore, a retail investor needs ₹15,000 for one lot at the upper end of the price band.
Retail investors can apply for up to 13 lots, or 2,600 shares, according to the issue details.
Where Will Nityas Gems Use the IPO Money?
A major portion of the IPO proceeds is planned for the company’s working capital requirements.
The company has earmarked around ₹70 crore for working capital, with the remaining amount intended for general corporate purposes.
Nityas Gems & Jewellery IPO Valuation
At the offer price, the company’s post-issue market capitalisation is shown at approximately ₹431.95 crore.
The post-issue P/E ratio is listed at around 19.38 times, compared with 14.51 times on a pre-IPO basis.
The company’s FY2026 figures include a PAT margin of 11%, EBITDA margin of 15.27% and debt-to-equity ratio of 0.29.
These numbers can help investors understand the valuation, but they should be considered alongside the company’s growth, industry conditions, competition and future risks.
Nityas Gems & Jewellery IPO: Key Points to Watch
Before applying, investors may want to pay attention to a few areas.
1. Lab-grown diamond jewellery
The company is focused on a segment that has been gaining attention in the jewellery industry. Its future performance will depend partly on demand for lab-grown diamond jewellery.
2. Rapid financial growth
Revenue and profit have grown significantly in recent years. Investors should examine whether this growth can continue after the IPO.
3. Working capital requirement
A large portion of the issue proceeds is intended for working capital. This makes the company’s ability to manage inventory, cash flow and business expansion important.
4. B2B and D2C model
The combination of manufacturing, B2B distribution and D2C retail gives the company multiple routes to market, but it also means investors should understand how each segment contributes to the business.
5. IPO valuation
The offer price should be assessed against the company’s earnings and comparable listed companies rather than looking at the IPO price alone.
Nityas Gems & Jewellery IPO Allotment and Listing Dates
The tentative IPO schedule is:
- IPO Opens: September 30, 2026
- IPO Closes: October 5, 2026
- Allotment: October 6, 2026
- Refund: October 7, 2026
- Shares Credited to Demat: October 7, 2026
- Listing: October 8, 2026
These dates are tentative and can be subject to change.
Nityas Gems & Jewellery IPO: Should You Apply?
There is no simple answer that applies to every investor.
The company has reported strong growth in revenue and profit, operates across B2B and D2C channels, and is focused on lab-grown diamond jewellery. At the same time, investors should evaluate the IPO valuation, industry risks, working capital requirements and the company’s ability to maintain its recent growth.
Rather than making an investment decision based on GMP or subscription numbers alone, investors should read the company’s Red Herring Prospectus (RHP) and understand the risks before applying.
Frequently Asked Questions
When does the Nityas Gems & Jewellery IPO open?
The IPO opened on September 30, 2026 and 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 IPO lot size?
The minimum lot contains 200 shares.
How much is required for one retail lot?
At the upper price of ₹75, one lot of 200 shares requires ₹15,000.
When will Nityas Gems & Jewellery shares list?
The tentative listing date on the BSE and NSE is October 8, 2026.
What does Nityas Gems & Jewellery manufacture?
The company manufactures and sells lab-grown diamond-studded gold jewellery, including rings, earrings, pendants, bracelets, necklaces, bangles and other products.
How much is the Nityas Gems IPO issue size?
The issue size is approximately ₹108.35 crore, consisting entirely of a fresh issue.
Where will the IPO proceeds be used?
Around ₹70 crore is proposed to be used for working capital, with the balance intended for general corporate purposes.
The Nityas Gems & Jewellery IPO brings a relatively new jewellery company to the public market with a business focused on lab-grown diamond-studded gold jewellery.
The company has shown strong growth in revenue and profit, while its IPO proceeds are largely intended to support working capital. Investors should look beyond the headline subscription figures and GMP and study the company’s financials, valuation, business model and risks before making a decision.
Disclaimer: This article is for informational purposes only and is not investment advice. IPO dates, subscription figures, GMP and other market-related information can change. Investors should verify the latest information from official exchange filings, the company’s RHP and other authorised sources before investing.
Nitish Kumar Sharma is the Founder, Chief Executive Officer (CEO), and Editor-in-Chief of Learn Onex. He leads the platform’s vision, editorial strategy, content standards, and long-term growth initiatives with a focus on financial education and investor awareness.