Nityas Gems & Jewellery IPO: dates, price band, lot size and GMP
Nityas Gems & Jewellery IPO closed on 5 Oct on the Mainboard; price band ₹70 – ₹75, lot 200 shares, GMP ₹1 (+1.3% over the upper band). Allotment 6 Oct, listing 8 Oct.
Updated 6 Oct 2026, 14:11 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the Nityas Gems & Jewellery IPO has a price band of ₹70 – ₹75, a lot of 200 shares and a grey-market premium of ₹1 (+1.3% over the upper band) as of 06 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 30 Sep – 5 Oct 2026 |
| Price band | ₹70 – ₹75 |
| Lot size | 200 shares |
| Issue size | ₹108.35 Cr |
| Fresh issue | ₹108.35 Cr |
| GMP (unofficial) | ₹1 |
| Subscription | 2.26x |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Choice Capital Advisors Pvt.Ltd. |
| Status | Closed, listing awaited |
Timeline
- Issue opens: 30 Sep
- Issue closes: 5 Oct
- Allotment: 6 Oct
- Refunds: 7 Oct
- Demat credit: 7 Oct
- Listing: 8 Oct
GMP today
Grey-market premium ₹1 per share (1.3% over the upper band of ₹75), estimated listing price about ₹76. Unofficial, dated, not a forecast. Day-by-day GMP trend.
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 1.06x |
| NII | 2.05x |
| sNII | 3.02x |
| bNII | 1.56x |
| Retail | 4.07x |
| Total | 2.26x |
Last updated 5 Oct 2026, 5:54 PM IST.
Issue details
| Face value | ₹5 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹431.95 Cr |
| P/E (pre-issue) | 14.51x |
| P/E (post-issue) | 19.38x |
| Fresh issue (shares) | 1,44,56,000 |
| Total shares offered | 1,44,56,000 |
| Promoter holding pre-issue | 58.1% |
| Promoter holding post-issue | 43.51% |
| Promoters | Rajnikant Lallubhai Chanchad, Sonalben Rajnikant Chanchad, Savaliya Dhruv Janakbhai |
| Lead managers | Choice Capital Advisors Pvt.Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | nityas.in |
| Anchor bid date | 29 Sep 2026 |
| Anchor lock-in ends (50%) | 5 Nov 2026 |
| Anchor lock-in ends (remaining) | 4 Jan 2027 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 200 | ₹15,000 |
| Retail (maximum) | 14 | 2,800 | ₹2,10,000 |
| sNII (minimum) | 14 | 2,800 | ₹2,10,000 |
| bNII (minimum) | 67 | 13,400 | ₹10,05,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | 49.7% | 71,78,000 | Not more than 50% of the Net Offer |
| NII (HNI) | 14.9% | 21,53,400 | Not less than 15% of the Net Offer |
| sNII | 5% | 7,17,800 | |
| bNII | 9.9% | 14,35,600 | |
| Retail | 34.8% | 50,24,600 | Not less than 35% of the Net Offer |
| Employee | 0.7% | 1,00,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 30 Sep | 0.00x | 0.10x | 0.20x | 0.05x | 0.51x | 0.20x |
| Day 2 · 1 Oct | 0.38x | 0.27x | 0.49x | 0.16x | 1.32x | 0.69x |
| Day 3 · 5 Oct | 1.06x | 2.05x | 3.02x | 1.56x | 4.07x | 2.26x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹5.17 |
|---|---|
| EPS (post-issue) | ₹3.87 |
| P/E (pre-issue) | 14.51x |
| P/E (post-issue) | 19.38x |
| RoNW | 43.75% |
| RoCE | 42.93% |
| RoE | 70.17% |
| PAT margin | 11% |
| EBITDA margin | 15.27% |
| Price / book | 4.96x |
| NAV per share | ₹15.13 |
| Debt / equity | 0.29 |
| Market cap (upper band) | ₹431.95 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 116.42 | 39.87 | 11.75 | +192% |
| Total Income | 203.33 | 96.85 | 53.66 | +109.9% |
| Profit After Tax | 22.32 | 9.79 | 4.02 | +128% |
| EBITDA | 30.97 | 12.9 | 5.48 | +140.1% |
| NET Worth | 79.43 | 22.57 | 5.33 | +251.9% |
| Reserves and Surplus | 40.87 | 20.11 | 4.28 | +103.2% |
| Total Borrowing | 9.08 | 7.11 | 3.26 | +27.7% |
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's jewellery, and custom designs.
The company's key B2B customers include established jewellery retailers like 'GIVA', 'Palmonas', 'ONYA', and 'Ladia Diamonds'.
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.
Objects of the issue
- Funding Working Capital requirements of the Company — ₹70 Cr
- General corporate purposes
Net proceeds: ₹70 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Nityas Gems and Jewellery LTD. | 5.52 | 5.52 | 15.13 | — | 43.75% | Consolidated |
| Golkunda Diamonds & Jewellery Ltd. | 19.66 | 19.66 | 115.22 | 16.61x | 18.81% | Consolidated |
| Goldiam International Ltd. | 15.11 | 15.43 | 97.95 | 21.69x | 18.38% | Consolidated |
| Renaissance Global Ltd. | 8.4 | 8.4 | 140.62 | 18.63x | 6.09% | Consolidated |
Source: All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the annual reports as available of the respective company for Fiscal 2026 submitted to stock exchanges and prospectuses available on the public domain. The financial information of our Company is based on the restated consolidated financial information for the Fiscal 2026.
Strengths (per the offer document)
- Integrated B2B and D2C business model with a growing and diversified customer base — We operate an integrated business model comprising B2B supply of lab-grown diamond studded gold jewellery to a network of jewellery retailers comprising organized and standalone retailers and…
- Manufacturing capabilities supported by in-house design and technology integration — Our manufacturing operations are located in Surat, Gujarat, at a facility having an area of approximately 7,000 sq.
- Well positioned to capitalize on the growth of lab grown diamond jewellery — We are positioned to capitalize on the rapid expansion of the lab-grown diamond jewellery market, which is witnessing significant growth both globally and in India.
- Skilled in-house workforce enabling quality control and reduced dependence on external job work — Our manufacturing operations are supported by a skilled in-house workforce comprising 136 Karigars, who undertake manufacturing and handcrafting activities in accordance with designs, specifications…
- Robust financial performance with consistent growth — We have demonstrated consistent growth in our revenues and profitability across the six-month period ended September 30, 2025 and the last three Fiscals.
- Experienced Promoters and management team — Our Company is led by our Promoters, who collectively possess over 29 years of experience in the jewellery industry.
Risk factors (as disclosed by the company)
- Our revenue from operations is significantly concentrated among a limited number of B2B customers — We are engaged in the design, manufacturing and sale of lab-grown diamond studded gold jewellery in India, operating through B2B and D2C model.
- A substantial portion of our revenue from operations is derived from a limited number of states in India, particularly Gujarat, Karnataka, Telangana — During the six-month period ended September 30, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, our revenue from operations has been predominantly derived from domestic markets contributing…
- Our purchases are significantly concentrated among a limited number of suppliers, with our top 10 suppliers contributing 90.66%, 94.31% — Our business involves the design, manufacturing and sale of lab-grown diamond studded gold jewellery and is dependent on the procurement of key raw materials, including gold bullion and lab-grown…
- Our manufacturing operations are concentrated at a single facility in Surat, Gujarat, and any disruption in operations, failure of machinery — Our manufacturing operations are carried out at our facility located at Ratih House, Surat, Gujarat.
- Our business is working capital intensive — We are engaged in the design, manufacturing and sale of lab-grown diamond studded gold jewellery under a predominantly B2B model, catering to retail chain, standalone retailers and wholesalers.
- We are exposed to counterparty credit risk due to the extension of credit to our customers — In the ordinary course of our business, we extend credit periods to our B2B customers, including retail chains, standalone retails and wholesalers, in line with industry practices and as part of our…
- Demand for lab-grown diamond studded gold jewellery is discretionary in nature, and any sustained decline in discretionary consumer spending — Our business involves the design, manufacturing and sale of lab-grown diamond studded gold jewellery, which is largely a discretionary consumer product.
- Our business is subject to seasonal fluctuations — Our business is subject to seasonal fluctuations, primarily driven by festive, wedding and occasion-based demand for jewellery in India.
From the DRHP (strengths pages 209–215, risk factors pages 33–42). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Nityas Gems & Jewellery IPO GMP today and trend
- Nityas Gems & Jewellery IPO subscription status, day by day
- Nityas Gems & Jewellery IPO allotment status and how to check
Frequently asked questions
When does the Nityas Gems & Jewellery IPO open and close?
The issue is scheduled for 30 Sep – 5 Oct 2026.
What is the Nityas Gems & Jewellery IPO price band?
The price band is ₹70 – ₹75 per share with a lot size of 200 shares.
How big is the Nityas Gems & Jewellery IPO?
The total issue size is ₹108.35 Cr.
What is the Nityas Gems & Jewellery IPO GMP today?
The grey-market premium reported today is ₹1 per share. GMP is an unofficial, unregulated indicator and not a prediction of the listing price.
When will Nityas Gems & Jewellery list?
The tentative listing date is 8 Oct on the main board.
How do I apply for the Nityas Gems & Jewellery IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Nityas Gems & Jewellery · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Nityas Gems & Jewellery · as filed · nsearchives.nseindia.com
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 6 Oct · ipo.bigshareonline.com
- NSE public issues page · listing 8 Oct · nseindia.com
- BSE public issues page · listing 8 Oct · bseindia.com
- Nityas Gems & Jewellery company website · nityas.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 6 Oct, 08:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Nityas Gems & Jewellery IPO”, https://buyunlistedshares.com/ipo/nityas-gems-jewellery-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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