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Nityas Gems & Jewellery IPO

Nityas Gems & Jewellery IPO

Diamond & Jewellery
open
₹14,000Min. investment
  1. Pre-apply
    29 Sep
  2. Bid start
    30 Sep
  3. Bid end
    5 Oct
  4. Allotment
    6 Oct
  5. Release of funds
    7 Oct
  6. Demat transfer
    7 Oct
  7. Listing
    8 Oct

Nityas Gems & Jewellery IPO Details

SectorDiamond & Jewellery
Price range₹70.00 – ₹75.00
IPO type
Regular
Lot size200 shares
Issue size₹108Cr
Red Herring Prospectus
Read
Market Cap
₹431CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹202.89CrLower than sector avg
Growth rate3Y CAGR
94.45%Higher than sector avg

Nityas Gems & Jewellery IPO Overview

Nityas Gems & Jewellery IPO date

Nityas Gems & Jewellery IPO will open for subscription on September 30, 2026, and the closing date for the IPO is October 05, 2026. After this, investors are expected to be updated about the allotment status on October 06, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on October 07, 2026. The shares will be listed on NSE and BSE on Thursday, October 08, 2026.

Nityas Gems & Jewellery IPO price band

The IPO includes fresh issues only. The IPO price band has been set between ₹70 and ₹75 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹108.35 crore. Nityas Gems & Jewellery IPO listing price will be determined on October 08, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

Nityas Gems & Jewellery IPO lot size

Nityas Gems & Jewellery IPO details have been declared. The minimum lot size for an application is 200 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹108.35 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Compare

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Kalyan Jewellers India LtdKalyan Jewellers India Ltd
Thangamayil Jewellery LtdThangamayil Jewellery Ltd
Revenue
Higher revenue means strong sales and good market demand
This IPO
₹202.89Cr
This sector
₹7,172.77Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
94.45%
This sector
0.03%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹22.32Cr
This sector
₹66.45Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹431Cr
This sector
₹7,398.94Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
13.59
This sector
45.82
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.29
This sector
0.57
Compare with companies

Objectives

Working capital requirements
64.60%
General corporate purposes
35.30%

Strength and Weakness

Integrated B2B and emerging D2C platform

The company combines manufacturing-led B2B distribution with Ayaani's online and 10-store retail network. B2B accounted for 95.58% of FY26 revenue and D2C 4.34%, giving a core scale engine plus a nascent consumer-facing channel.

Growing customer base and wider market access

B2B customers rose from 74 in FY24 to 323 in FY26, while the business serves 18 states, two union territories and select export markets. The expansion can support customer and geographic diversification, although top-customer concentration remains material.

Design-led, underutilised manufacturing base

A 360 kg annual facility, 122 in-house karigars, 29 design employees and more than 32,000 designs support customisation and turnaround. FY26 utilisation was 45.21%, leaving physical headroom, subject to demand and working-capital availability.

Exposure to a structurally growing LGD jewellery category

The LGD jewellery segment of India is expected to rise from ₹34,501 million in CY25 to ₹71,890 million in CY30 at a 15.8% CAGR. Nityas is involved through their light weight and affordable product design as well as the use of both the retail and wholesale channels for sale of their jewellery products along with omnichannel discovery/purchase of the product.

About Nityas Gems & Jewellery

Nityas Gems and Jewellery Limited, incorporated in 2022, is engaged in the entire value chain of lab-grown diamond (LGD) studded gold jewellery, which includes sourcing, designing, production, quality testing, distribution and selling processes. The product range includes rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cuff links, and bangles in lightweight and affordable jewellery options for daily wear, occasions, men, and customised segments.
The B2B business is mainly aimed at organised retailers, single-store retailers, and wholesalers where the prominent customers include GIVA, Palmonas, ONYA, and Ladia Diamonds. In July 2025, Nityas Gems and Jewellery had invested a 50.04% stake in Ayaani Diamonds and Jewellery Private Limited worth ₹24.11 crore, thereby enabling the enterprise to adopt the D2C model through their online platform and ten stores operating in eight cities, among which seven were company-owned, while the other three stores were franchise-operated till August 31, 2026.
B2B contributed 95.5% of FY26 revenue, while D2C contributed 4.3%. Within B2B, standalone retailers accounted for 42.7% of FY26 revenue, wholesalers 28.2% and retail chains 24.5%. The B2B customer base increased from 74 in FY24 to 108 in FY25 and 323 in FY26. The top customer, top five and top ten customers generated 12.98%, 40.02% and 55.49% of FY26 revenue, respectively.
The operations are based on a 7,000 sq. ft. Surat-based facility having an installed capacity of 360 kg per year. FY26 output is up to 162.77 kg from 72.49 kg in FY24, with utilisation up to 45.21% from 20.14%. Design-wise, as of the end of FY26, the company had 29 employees; by August 31, 2026, it had 122 Karigars working in-house and over 32,000 designs, against about 3,000 designs as of FY23. Designs made using CAD/CAM, production in-house and multi-level quality checks help in fulfilling both standard and custom orders.
India accounted for 97.44% of FY26 sales, whereas exports were 2.56%. Gujarat has 37.40%, Karnataka 23.42%, Maharashtra 11.83% and Telangana 8.61% of FY26 sales. The firm provides products to its B2B customers in 18 different states and two union territories, whereas Ayaani brings in direct retail reach for the company.
The firm has plans for designing-led product lineups and B2B/D2C data-led product and inventory decisions, as well as Ayaani expansion via Tier-2/Tier-3 franchisee-based expansions and potential shop-in-shop concepts. While such moves can lead to increased involvement into both channels and products, implementation will involve disciplined inventory management, customer acquisition, and brand-building efforts.
The LGD jewellery market in India is projected to increase from ₹13,738 million in CY20 to ₹34,501 million in CY25 and could reach ₹71,890 million in CY30, indicating a CAGR of 15.8% in CY25-CY30. Growth drivers include affordability of LGDs, better efficiency in production technologies like CVD/HPHT, young consumers' emphasis on transparency and design, omnichannel selling, and non-metro expansion. Lightweight positioning, a 32,000+ design lineup, available manufacturing capacity, and B2B/D2C coverage provide Nityas with relevant operating levers to be part of such expansion, though industry expansion doesn't necessarily mean issuer expansion.
The segment is also bound by certain constraints like low perceived value retention compared to natural diamonds, lack of consumer awareness and presence at retail stores, drop in LGD prices, dependence on imported technology and increasing competition from the international market. The hallmarking and certification guidelines of BIS, the recognised 4C system of grading, as well as the regulatory bodies like DGFT and GJEPC, facilitate trade compliance. However, for Nityas, aspects like internal designing and quality control, customer feedback and certification are relevant, but its revenue generation pattern makes certain aspects significant.
Now, Nityas Gems & Jewellery Ltd is launching its Initial Public Offering (IPO), which consists of a fresh issue of ₹108.35 crore. Its shares will be listed on the NSE and BSE.

How to apply for Nityas Gems & Jewellery IPO?

If you are interested in this investment opportunity but unsure how to apply for an Nityas Gems & Jewellery IPO, follow these steps.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Nityas Gems & Jewellery IPO on Upstox:
  • Log in to your Upstox account using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Nityas Gems & Jewellery IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

Frequently asked questions

Investors can apply for the Nityas Gems & Jewellery IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Nityas Gems & Jewellery IPO is 108 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Ipo opens on 30 Sep 2026, 10:00 AM