Nityas Gems & Jewellery IPO Details: Date, Price, GMP, Review & How to Apply

Quick Overview

Nityas Gems & Jewellery IPO is a book-built public issue of ₹108.35 crore. The issue is entirely a fresh issue of 1,44,56,000 shares. There is no offer for sale component.

The IPO opened for subscription on 30 September 2026 and will close on 5 October 2026. The allotment is expected to be finalised on 6 October 2026. Subject to completion of allotment and listing formalities, the shares are scheduled to list on NSE and BSE on 8 October 2026.

The price band is ₹70 to ₹75 per share. The lot size is 200 shares, and the minimum retail investment is ₹15,000 at the upper price band.

The issue includes a reservation of up to 1,00,000 shares for employees, offered at a discount of ₹7 per share to the issue price.

No live GMP value was provided in the available details. Investors should verify updated GMP and subscription data before making any decision.

Nityas Gems & Jewellery IPO Overview

Nityas Gems & 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 that includes:

• B2B manufacturing

• distribution to organised retailers, standalone retailers and wholesalers

• direct-to-consumer omnichannel retail through its subsidiary, Ayaani Diamonds and Jewellery Private Limited

The IPO is entirely a fresh issue, meaning the proceeds are expected to go to the company rather than selling shareholders.

The company’s product categories include rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles.

Investors comparing IPOs with Pre-IPO opportunities can also read Ultra’s guide on Pre-IPO vs IPO.

The issue value of ₹108.35 crore reflects the employee reservation discount. Multiplying the full issue size only by the upper price band may show a slightly different figure because employee shares are offered at a discount.

Nityas Gems & Jewellery IPO GMP

GMP stands for Grey Market Premium. It is the unofficial premium at which IPO shares may trade in the grey market before listing.

For example, if the issue price is ₹75 and the GMP is ₹10, the implied grey market price would be ₹85.

However, GMP is not official and should be used carefully because:

• it is not regulated

• it can change quickly

• it does not guarantee listing gains

• it may not reflect company fundamentals

• it may be influenced by short-term sentiment

No live Nityas Gems and Jewellery IPO GMP or Nityas Gems and Jewellery Limited GMP value was provided in the available details. Investors should avoid relying only on GMP and should review the RHP, financials, valuation, business model, subscription status and personal suitability before applying.

For a detailed explainer, investors can also read Ultra’s guide on What Is IPO GMP and Why It Can Be Misleading?.

The post-listing share price will be discovered on the stock exchanges after listing. Investors should not treat GMP or expected listing price as guaranteed listing performance.

Nityas Gems & Jewellery IPO Employee Reservation

The issue includes a reservation of up to 1,00,000 shares for eligible employees.

This employee discount affects the aggregate issue value. At the upper price band, eligible employee shares are offered at ₹68 per share after applying the ₹7 discount.

Nityas Gems & Jewellery IPO Subscription Status

No live Nityas Gems & Jewellery IPO subscription status was provided in the available details.

Subscription status usually shows category-wise demand across investor groups such as QIB, NII and retail. It can change throughout the bidding period, especially on the final day.

Investors tracking subscription data should review:

• QIB subscription

• NII subscription

• retail subscription

• total subscription

• final day demand

• subscription relative to valuation and fundamentals

Subscription figures can indicate demand, but they should not be treated as a standalone reason to apply.

About Nityas Gems & Jewellery

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 commenced operations in July 2022 as a B2B manufacturer and supplier. It supplies jewellery across 18 states and 2 Union Territories in India, and also serves 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. This allows the company to manage product quality, costs and lead times.

In July 2025, the company acquired Ayaani Diamonds and Jewellery Private Limited, a D2C lab-grown diamond jewellery brand. Ayaani operates an online storefront and 10 physical retail stores across eight cities in India through company-operated and franchise-operated formats.

As of 31 August 2026, the company had 192 full-time employees, including 122 in-house karigars and 29 designers.

Nityas Gems & Jewellery Business Model

Nityas Gems & Jewellery operates an integrated model across manufacturing, B2B distribution and D2C retail.

The company caters to daily wear, occasion-based jewellery, men’s jewellery and customised jewellery segments, with a strategic focus on lightweight and affordable jewellery.

Its prominent B2B customers include GIVA, Palmonas, ONYA and Ladia Diamonds, among others.

Key Strengths of Nityas Gems & Jewellery

The company’s strengths include:

• strong revenue and profit growth

• presence in the lab-grown diamond jewellery segment

• integrated B2B and D2C business model

• in-house design and manufacturing capabilities

• skilled workforce with karigars and designers

• diversified customer base across retailers, wholesalers and end consumers

• ability to offer customised products based on purity, weight, design and finishing requirements

• D2C expansion through Ayaani

These strengths should be evaluated along with business scale, customer concentration, raw material price risk, working capital needs, competition and execution risk.

Nityas Gems & Jewellery Financials

Nityas Gems & Jewellery reported total income of ₹203.33 crore and profit after tax of ₹22.32 crore in FY2026.

According to the provided data, revenue increased by 110%, while PAT rose by 128% between FY2025 and FY2026.

The company’s total income increased from ₹96.85 crore in FY2025 to ₹203.33 crore in FY2026. PAT increased from ₹9.79 crore to ₹22.32 crore during the same period.

Total borrowing stood at ₹9.08 crore in FY2026.

Nityas Gems & Jewellery IPO Valuation

Based on the post-issue share capital of 5,75,93,248 shares, the implied post-issue market capitalisation is approximately:

• ₹403.15 crore at the lower price band of ₹70 per share

• ₹431.95 crore at the upper price band of ₹75 per share

These calculations are based on the shared data. Investors should verify final issue details, peer comparison, RHP valuation metrics and updated market data before making any decision.

Nityas Gems & Jewellery IPO Review

A practical review should look at the company’s growth, business model and risks in the lab-grown diamond jewellery segment.

Positive Factors

Nityas Gems & Jewellery operates in the lab-grown diamond jewellery market, which is positioned around affordability, design variety and changing consumer preferences.

The company has shown strong growth in revenue and PAT between FY2025 and FY2026. Total income more than doubled, while PAT rose from ₹9.79 crore to ₹22.32 crore.

The business model combines B2B manufacturing and D2C retail. This may help the company serve institutional customers while also building direct consumer insights through Ayaani.

The company has in-house design, prototyping and production capabilities at its Surat facility, supported by designers, karigars and quality-control teams.

The IPO is entirely a fresh issue, which means the proceeds are expected to go to the company rather than selling shareholders.

Points to Watch

The company was incorporated in 2022 and has a relatively short operating history. Investors should review whether recent growth can be sustained over a longer period.

The lab-grown diamond jewellery space may face competition from organised jewellery brands, D2C brands, traditional jewellers and other manufacturers.

The company’s D2C expansion through Ayaani may require investment in branding, retail operations, inventory and customer acquisition.

Jewellery businesses can be affected by inventory risk, design trends, working capital cycles, gold price movement and consumer demand.

Investors should not rely only on GMP, subscription status or IPO headlines. They should review the RHP, valuation, business model, financials and risk factors carefully.

How to Apply for Nityas Gems & Jewellery IPO

Investors can apply through supported broker platforms using UPI or ASBA.

The general process is:

• Log in to your broker or bank-supported IPO platform.

• Select the issue from the IPO list.

• Choose the investor category and number of lots.

• Enter the bid price or select the cut-off option, if eligible.

• Submit the application.

• Approve the UPI mandate, if applying through UPI.

• Wait for allotment finalisation.

• If allotted, shares will be credited to the demat account before listing.

• Track the scheduled listing on NSE and BSE, subject to completion of allotment and exchange listing formalities.

Retail investors can apply for a minimum of 1 lot, which equals 200 shares and requires ₹15,000 at the upper price band.

Key Risks

1. Short Operating History

The company was incorporated in April 2022 and commenced operations in July 2022. Investors should review whether recent growth can continue over a longer period.

2. Competition Risk

The jewellery market is competitive and includes organised jewellery brands, traditional jewellers, D2C brands and other lab-grown diamond jewellery players.

3. Consumer Demand Risk

Demand for jewellery can be affected by consumer sentiment, discretionary spending, festive demand, fashion trends and affordability.

4. Inventory and Working Capital Risk

Jewellery businesses may require working capital for raw materials, inventory, finished goods and receivables.

5. Raw Material Price Risk

Changes in gold prices, lab-grown diamond prices and other input costs may affect margins.

6. D2C Expansion Risk

The acquisition and expansion of Ayaani may require continued investment in brand building, retail operations and customer acquisition.

7. Customer Concentration Risk

The company works with B2B customers such as organised retailers and wholesalers. Investors should review customer concentration details in the RHP.

8. GMP and Listing Risk

Grey market premium and subscription trends may change before listing. They should not be treated as guaranteed listing performance indicators.

Final Thoughts

Nityas Gems & Jewellery IPO is a ₹108.35 crore book-built issue with a price band of ₹70 to ₹75 per share. The issue is entirely a fresh issue, with no offer for sale component.

The company operates in the lab-grown diamond studded gold jewellery segment and follows an integrated B2B and D2C model. Its D2C presence is supported by Ayaani, which operates an online storefront and physical retail stores.

Financially, Nityas Gems & Jewellery reported FY2026 total income of ₹203.33 crore and PAT of ₹22.32 crore. Revenue and profitability grew sharply compared with FY2025.

Investors should evaluate the RHP, valuation, short operating history, jewellery industry risks, D2C execution, subscription status, GMP context and personal suitability before applying.

Disclaimer: This article is for educational and informational purposes only. It is not investment advice, IPO recommendation or a suggestion to apply. IPO investments are subject to market risk, business risk, valuation risk and listing risk. GMP is unofficial and does not guarantee listing gains. Investors should read the RHP carefully and consult a qualified financial advisor before making any investment decision.

FAQs

1. What is Nityas Gems & Jewellery IPO?

Nityas Gems & Jewellery IPO is a book-built public issue of ₹108.35 crore. The issue is entirely a fresh issue of 1,44,56,000 shares.

2. What is Nityas Gems & Jewellery IPO date?

The issue opened on 30 September 2026 and will close on 5 October 2026.

3. What is Nityas Gems & Jewellery IPO price?

The price band is ₹70 to ₹75 per share.

4. What is Nityas Gems & Jewellery IPO GMP?

No live GMP value was provided in the available details. GMP is unofficial, volatile and should not be treated as a guaranteed listing gain indicator.

5. What is Nityas Gems & Jewellery IPO share price?

Before listing, the relevant price is the IPO price band of ₹70 to ₹75 per share. After listing, the share price will be discovered on NSE and BSE.

6. What is the lot size?

The lot size is 200 shares.

7. What is the minimum investment for retail investors?

The minimum retail investment is ₹15,000 for 1 lot of 200 shares at the upper price band of ₹75 per share.

8. When is the allotment expected?

The allotment is expected to be finalised on 6 October 2026.

9. When will Nityas Gems & Jewellery list?

The shares are scheduled to list on NSE and BSE on 8 October 2026, subject to completion of allotment and exchange listing formalities.

10. Who is the registrar?

Bigshare Services Pvt. Ltd. is the registrar of the issue.

11. Who is the book running lead manager?

Choice Capital Advisors Pvt. Ltd. is the book running lead manager.

12. Is Nityas Gems & Jewellery IPO an OFS?

No. The issue is entirely a fresh issue. There is no offer for sale component.

13. Does the IPO have employee reservation?

Yes. The issue includes a reservation of up to 1,00,000 shares for employees, offered at a discount of ₹7 per share to the issue price.

14. Is Nityas Gems & Jewellery profitable?

Yes. Based on the provided financials, Nityas Gems & Jewellery reported PAT of ₹22.32 crore in FY2026, ₹9.79 crore in FY2025 and ₹4.02 crore in FY2024.

15. What does Nityas Gems & Jewellery do?

Nityas Gems & Jewellery designs, manufactures and sells lab-grown diamond studded gold jewellery across B2B and D2C channels.

16. Is Nityas Gems & Jewellery IPO good or bad?

The IPO should not be judged as simply good or bad. Investors should evaluate the RHP, financials, valuation, short operating history, industry risks, subscription status and personal suitability before deciding.

17. Should investors apply for Nityas Gems & Jewellery IPO?

Investors should evaluate the RHP, financials, valuation, jewellery industry risks, short operating history, subscription status, GMP context and personal suitability before deciding. This article does not provide investment advice or an IPO recommendation