NITYAS GEMS & JEWELLERY IPO
NITYAS GEMS & JEWELLERY is a MAINBOARD IPO with a current status of LISTED. The price band is 70 - 75. The issue opens on 30 SEP and closes on 05 OCT. The listing date is 08 OCT.
Price Band
70 - 75
Unofficial GMP
₹1
Lot Size
200 shares
Minimum Investment
₹₹15,000
NITYAS GEMS & JEWELLERY IPO GMP
The latest available GMP is ₹1. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹76.00
Estimated Gain
+1.3%
NITYAS GEMS & JEWELLERY IPO GMP History
9
28 SEP
5
29 SEP
3
30 SEP
3
01 OCT
3
03 OCT
3
27 SEP
3
05 OCT
2
05 OCT
2
06 OCT
1
07 OCT
NITYAS GEMS & JEWELLERY IPO Details
- IPO Type
- MAINBOARD
- Status
- LISTED
- Price Band
- 70 - 75
- Issue Size
- ₹108.35 Cr
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹108.35 Cr
- Face Value
- 5
- Lot Size
- 200
- Minimum Investment
- ₹15,000
- Exchange
- BSE , NSE
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead Managers
- Choice Capital Advisors Pvt.Ltd.
NITYAS GEMS & JEWELLERY IPO Dates
- Open Date
- 30 SEP
- Close Date
- 05 OCT
- Allotment Date
- 06 OCT
- Refund Date
- 07 OCT
- Demat Credit Date
- 07 OCT
- Listing Date
- 08 OCT
NITYAS GEMS & JEWELLERY IPO Subscription
- QIB
- 1.06X
- NII / HNI
- 2.03X
- Retail
- 3.88X
- Employee
- --
- Total Subscription
- 2.19X
NITYAS GEMS & JEWELLERY IPO Financials
Revenue
FY2026
₹203.00 Cr
+109.62% vs FY2025
PAT
FY2026
₹22.31 Cr
+127.89% vs FY2025
Total Assets
FY2026
₹116.00 Cr
+190.95% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 53.65 | 96.84 | 203 |
| Net Profit | 4.02 | 9.79 | 22.31 |
| Total Assets | 11.75 | 39.87 | 116 |
NITYAS GEMS & JEWELLERY IPO Valuation
- Market Cap (Post IPO)
- ₹431.95 Cr.
- EPS
- 5.17
- P/E Ratio
- 14.51
- Price to Book Value
- 4.96
- ROCE
- 42.93%
- RONW
- 43.75%
- Debt / Equity
- 0.29%
- PAT Margin
- 11.00%
- EBITDA Margin
- 15.27%
NITYAS GEMS & JEWELLERY Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| GOLKUNDA DIAMONDS & JEWELLERY | 281.50 | 13.69 | 19.66 | 16.61x | -- | 18.81% | 0.43 |
| GOLDIAM INTERNATIONAL | 976.86 | 170.59 | 15.11 | 21.69x | -- | 18.38% | 0.07 |
| RENAISSANCE GLOBAL | 2,813.03 | 90.26 | 8.40 | 18.63x | -- | 6.09% | 0.42 |
NITYAS GEMS & JEWELLERY IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 200 | ₹15,000 |
| Retail Maximum | 13 | 2,600 | ₹1,95,000 |
| Small HNI | 14 | 2,800 | ₹2,10,000 |
| Big HNI | 67 | 13,400 | ₹10,05,000 |
NITYAS GEMS & JEWELLERY IPO Reservation
- QIB
- 50%
- NII / HNI
- 15%
- Retail
- 35%
NITYAS GEMS & JEWELLERY Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 58.1%
- Post-IPO Promoter Holding
- 43.51%
NITYAS GEMS & JEWELLERY Company Overview
1. Nityas Gems and Jewellery Limited is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery. 2. The company operates an integrated B2B and D2C business model covering manufacturing, distribution and retail. 3. Its B2B business supplies jewellery to organised retailers, standalone retailers and wholesalers. 4. The company serves B2B customers across 18 states and 2 Union Territories in India, along with international markets. 5. Its international markets include the UAE, Australia, Canada, Taiwan and Kenya. 6. The company's product portfolio includes rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles. 7. Products are offered across daily-wear, occasion-based, men's and customised jewellery categories. 8. The company operates a manufacturing facility in Surat, Gujarat, with in-house designing, prototyping and production capabilities. 9. Its subsidiary, Ayaani Diamonds and Jewellery Private Limited, operates the D2C business through an online platform and physical retail stores. 10. FY26 total income was approximately ₹203.33 Cr and PAT was approximately ₹22.32 Cr.
NITYAS GEMS & JEWELLERY Business Model
1. Core Business: Design, manufacturing and sale of lab-grown diamond-studded gold jewellery. 2. B2B Business: Supplies jewellery to organised retailers, standalone retailers and wholesalers. 3. D2C Business: Direct-to-consumer retail is operated through subsidiary Ayaani Diamonds and Jewellery Private Limited. 4. Product Range: Rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles. 5. Product Categories: Daily-wear, occasion-based, men's and customised jewellery. 6. Manufacturing: Jewellery manufacturing is carried out at the company's facility in Surat, Gujarat. 7. In-House Capabilities: The company undertakes designing, prototyping, manufacturing and quality control. 8. Distribution Network: B2B customers are spread across 18 states and 2 Union Territories in India. 9. Export Business: The company also caters to customers in the UAE, Australia, Canada, Taiwan and Kenya. 10. Retail Network: Ayaani operates an online storefront and physical retail stores across India.
NITYAS GEMS & JEWELLERY Objects of the Issue
1. Working Capital: ₹70.00 Cr from the net IPO proceeds will be utilised to fund the company's working-capital requirements. 2. General Corporate Purposes: The remaining net proceeds will be used for general corporate purposes. 3. Fresh Issue: The IPO consists entirely of a fresh issue of up to 1,44,56,000 Equity Shares. 4. No OFS: There is no Offer for Sale component in the IPO. 5. Business Support: The proposed working-capital funding is intended to support inventory, receivables and the company's growing business operations.
NITYAS GEMS & JEWELLERY Strengths
1. Integrated Business Model: The company combines jewellery designing, manufacturing, B2B distribution and D2C retail. 2. Lab-Grown Diamond Focus: The company specialises in lab-grown diamond-studded gold jewellery. 3. Diversified Product Portfolio: Its range covers multiple jewellery categories and customer requirements. 4. Growing B2B Customer Base: B2B customers increased from 74 in FY24 to 108 in FY25 and 323 in FY26. 5. Wide Geographic Reach: B2B customers are spread across 18 states and 2 Union Territories. 6. International Presence: The company has customers in markets including UAE, Australia, Canada, Taiwan and Kenya. 7. In-House Manufacturing: Designing, prototyping, production and quality-control activities are supported by its Surat manufacturing facility. 8. D2C Presence: Subsidiary Ayaani provides an additional direct-to-consumer retail channel through online and physical stores. 9. Strong Recent Growth: Consolidated sales increased significantly in FY26, supported by higher volumes of lab-grown diamond jewellery. 10. Product Customisation: The company offers customised jewellery along with daily-wear, occasion-based and men's collections.
NITYAS GEMS & JEWELLERY Risks
1. B2B Customer Concentration: B2B revenue contributed approximately 95.6% of total revenue in FY26, creating significant dependence on B2B customers. 2. Supplier Concentration: More than 86% of total purchases came from the top 10 suppliers in FY26. 3. Lab-Grown Diamond Dependence: The business depends on the availability, pricing and continued consumer acceptance of lab-grown diamonds. 4. Single Manufacturing Facility: Manufacturing operations are concentrated at one facility in Surat, Gujarat. 5. Geographic Concentration: Gujarat contributed approximately 37.4% of revenue in FY26. 6. Working Capital Risk: Jewellery manufacturing and distribution require substantial inventory and receivables, making the business working-capital intensive. 7. Negative Cash Flow: The company has experienced negative cash flows from operations in certain historical periods. 8. Competitive Industry: The Indian gems and jewellery industry is highly fragmented and includes organised as well as unorganised competitors. 9. Discretionary Demand: Jewellery purchases are discretionary and can be affected by changes in consumer spending. 10. Commodity Price Risk: Changes in gold and lab-grown diamond prices can affect product costs, margins and demand. 11. International Market Risk: Overseas business is exposed to foreign-exchange movements, trade regulations and changes in international demand. 12. Retail Expansion Risk: Expansion of the D2C business and physical-store network requires investment and successful execution.
NITYAS GEMS & JEWELLERY Frequently Asked Questions
What is the NITYAS GEMS & JEWELLERY IPO price band?
The NITYAS GEMS & JEWELLERY IPO price band is 70 - 75.
What is the latest NITYAS GEMS & JEWELLERY IPO GMP?
The latest available NITYAS GEMS & JEWELLERY IPO GMP in the IPOWEB database is ₹1. GMP is unofficial and does not guarantee a listing gain.
When does the NITYAS GEMS & JEWELLERY IPO open and close?
The NITYAS GEMS & JEWELLERY IPO opens on 30 SEP and closes on 05 OCT.
When is the NITYAS GEMS & JEWELLERY IPO allotment date?
The NITYAS GEMS & JEWELLERY IPO allotment date is 06 OCT.
When is the NITYAS GEMS & JEWELLERY IPO listing date?
The NITYAS GEMS & JEWELLERY IPO listing date is 08 OCT.
What is the NITYAS GEMS & JEWELLERY IPO subscription?
The latest total subscription available for the NITYAS GEMS & JEWELLERY IPO is 2.19X.