Nityas Gems and Jewellery IPO allotment: How to check status online on NSE, BSE, Bigshare Services

Nityas Gems and Jewellery IPO allotment status is set to be finalised on Tuesday, October 6. The issue was fully subscribed on the final day of bidding and received a total subscription of 2.25 times.

The initial share sale was booked 2.25 times, as it received bids for 3,25,84,000 shares against 1,44,56,000 shares on offer, according to the data available on the NSE website.

The initial public offering was only a fresh issuance of 1.45 crore shares valued at ₹108.35 crore. There was no offer for sale (OFS) component.

Funds raised to the tune of ₹70 crore will be utilised for working capital requirements. The rest will be used for general corporate purposes.

"We believe that listing our equity shares on the Stock Exchanges will significantly enhance our corporate image and increase the visibility of our brand. Additionally, it will provide our company with the benefits associated with being listed, such as improved access to capital markets and increased credibility with stakeholders," the firm said in its red herring prospectus (RHP).

Nityas Gems & Jewellery is involved in designing, manufacturing and selling lab-grown diamond-studded gold jewellery. It operates through an integrated business model consisting of business-to-business manufacturing and distribution and direct-to-consumer omnichannel retail operations.

Nityas Gems and Jewellery IPO: Where to check

The bid finalisation details will be available on the websites of the National Stock Exchange (NSE), the BSE and Bigshare Services.

Nityas Gems and Jewellery IPO allotment date and time

The basis of allotment for Nityas Gems and Jewellery will likely be finalised on Tuesday, October 6, by evening.

How to check Nityas Gems and Jewellery IPO allotment status online on NSE

• Head to NSE's IPO status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select 'Equity & SME IPO bid details'
• Pick 'NITYAS' from the 'Select Symbol' dropdown
• Fill in your application number or PAN details
• Click on the 'Submit' button

Steps to check Nityas Gems and Jewellery IPO allotment status online on BSE

• Open this website: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• From the ‘Issue Name’ list, select 'Nityas Gems and Jewellery Ltd'
• Add your PAN or IPO application number
• Hit the ‘Search’ button

Nityas Gems and Jewellery IPO allotment status online on Bigshare Services

• Head to registrar's IPO finalisation portal: www.bigshareonline.com/ipo_Allotment.html
• Select any server from the three available
• Click on 'Nityas Gems and Jewellery Ltd' from the IPO names
• Enter any one: PAN, application number or beneficiary ID
• Complete the 'captcha' verification
• Click the ‘Search’ button

Nityas Gems and Jewellery IPO listing date and time

Shares of Nityas Gems and Jewellery will be listed on the NSE and the BSE on Thursday, October 8, at 10 am.