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Nityas Gems & Jewellery IPO
2.20xsubscribed

Nityas Gems & Jewellery IPO

Diamond & Jewellery
listed
₹14,000Min. investment

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 Subscription Status

Date
QIB
NII
Retail
Total
30-Sep-26
0.0 times (X)
0.07 times (X)
0.28 times (X)
0.11 times (X)
01-Oct-26
0.3X
0.19X
0.72X
0.43X
02-Oct-26
0.3X
0.19X
0.74X
0.44X
05-Oct-26
0.79X
1.98X
3.93X
2.2X

As on 30-Sep-26, 5:30 PM

Nityas Gems & Jewellery IPO Timeline

  1. Pre-apply
    29 Sep 2026
  2. Bid start
    30 Sep 2026
  3. Bid end
    5 Oct 2026
  4. Allotment
    6 Oct 2026
  5. Release of funds
    7 Oct 2026
  6. Demat transfer
    7 Oct 2026
  7. Listing
    8 Oct 2026

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

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

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.

Objectives of Nityas Gems And Jewellery IPO

Working capital requirements
64.60%
The company will use ₹70 crore to fund working capital requirements of the business.
General corporate purposes
35.30%
Up to 25% of gross proceeds will be used for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹202.89Cr94.45%₹22.32Cr₹431Cr13.590.29
This sector (avg.)₹7,172.77Cr0.03%₹66.45Cr₹7,398.94Cr45.820.57
₹60,456Cr---₹3,337Cr₹3,52,813.4Cr85.471.79
₹25,045.07Cr---₹714.17Cr₹37,346.24Cr40.101.03
₹4,910.58Cr---₹118.71Cr₹10,321.1Cr42.340.72

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Nityas Gems & Jewellery IPO Contact Details

Company NameNityas Gems & Jewellery

How to apply for Nityas Gems & Jewellery IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Nityas Gems And Jewellery IPO FAQs

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.
Nityas Gems & Jewellery IPO will be open between 2026-09-30 and 2026-10-05.
Nityas Gems & Jewellery IPO allotment date is 2026-10-07. For Nityas Gems & Jewellery IPO allotment status check, you can visit the website of the registrar of the IPO.
For Nityas Gems & Jewellery IPO, the IPO registrar is Bigshare Services Private Limited. You can check Nityas Gems & Jewellery IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Nityas Gems & Jewellery IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Nityas Gems & Jewellery IPO lot size is 200 and minimum order quantity is 200.
Nityas Gems & Jewellery IPO has set the price band for its IPO at 75 per equity share with a face value of 5.