Minimum Investment
About Company
Company Name: Nityas Gems & Jewellery Limited
Industry / Sector: Gems, Jewellery & Watches / Lab-Grown Diamond Jewellery
Founded Year: April 26, 2022
Promoters: Rajnikant Lallubhai Chanchad, Sonalben Rajnikant Chanchad, Savaliya Dhruv Janakbhai
Nityas Gems and Jewellery Limited is engaged in the design, manufacturing and sale of lab-grown diamond studded gold jewellery in India. The Company operates through an integrated business model comprising B2B manufacturing and distribution to organised retailers, standalone retailers and wholesalers, along with direct-to-consumer (D2C) omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery Private Limited ('Ayaani'). The Company's operations cover raw material procurement, product design, manufacturing, quality control, distribution and branded retail. The Company offers lab-grown diamond studded gold jewellery across categories including rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles. Its portfolio caters to daily wear, occasion-based, men's jewellery and customised segments, with a strategic focus on lightweight and affordable jewellery. The Company's prominent B2B customers include GIVA, Palmonas, ONYA and Ladia Diamonds, among others. The Company commenced operations in July 2022 as a B2B manufacturer and supplier and supplies jewellery across 18 states and 2 Union Territories in India, as well as to customers in the UAE, Australia, Canada, Taiwan and Kenya. Its manufacturing facility is located in Surat, Gujarat, and includes in-house designing, prototyping and production capabilities. In July 2025, the Company acquired Ayaani, a D2C lab-grown diamond jewellery brand, which operates an online storefront and 10 physical retail stores across eight cities in India. As of August 31, 2026, the Company had a total workforce of 192 full-time employees, including 122 in-house karigars and 29 designers.
IPO Basic Details
| Company Name | Nityas Gems & Jewellery Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹70 – ₹75 |
| Lot Size | 200 Shares |
| Total Issue Size | 1,44,56,000 Equity Shares (₹108.35 Cr) |
IPO Strengths & Risks
Strengths
- Robust financial performance with consistent growth
- Well positioned to capitalize on the growth of lab-grown diamond jewellery
- Manufacturing capabilities supported by in-house design and technology integration
- Integrated B2B and D2C business model with a growing and diversified customer base
- Skilled in-house workforce enabling quality control and reduced dependence on external job work
Risks
- Dependence on discretionary consumer spending on jewellery
- Concentration of manufacturing operations in a single facility in Surat, Gujarat
- Reliance on third-party processing houses for certain activities
- Exposure to fluctuations in gold and diamond prices
- Competition from both organised and unorganised players in the jewellery industry
IPO Important Dates
| IPO Open Date | 30 Sep 2026 |
| IPO Close Date | 05 Oct 2026 |
| Basis of Allotment | 06 Oct 2026 |
| Refund Initiation | 07 Oct 2026 |
| Demat Credit Date | 07 Oct 2026 |
| Listing Date | 08 Oct 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | Not more than 50% of the Net Offer |
| Retail Quota | Not less than 35% of the Net Offer |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 200 | ₹15,000 |
| Retail Maximum | 13 Lots | 2600 | ₹1,95,000 |
| S-HNI Minimum | 14 Lots | 2800 | ₹2,10,000 |
| S-HNI Maximum | 66 Lots | 13200 | ₹9,90,000 |
| B-HNI Minimum | 67 Lots | 13400 | ₹10,05,000 |
Key Performance Indicators (KPI)
| ROE | 43.75% (FY26) |
| ROCE | 42.93% (FY26) |
| RoNW | - |
| PAT Margin | 11.00% (FY26) |
| EBITDA Margin | 15.27% (FY26) |
| EPS | ₹5.17 (Pre-IPO), ₹3.87 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.29 (FY26) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹116.42 Cr | ₹203.33 Cr | ₹22.32 Cr | ₹30.97 Cr | ₹79.43 Cr | ₹9.08 Cr |
| FY2025 | ₹39.87 Cr | ₹96.85 Cr | ₹9.79 Cr | ₹12.90 Cr | ₹22.57 Cr | ₹7.11 Cr |
| FY2024 | ₹11.75 Cr | ₹53.66 Cr | ₹4.02 Cr | ₹5.48 Cr | ₹5.33 Cr | ₹3.26 Cr |
Grey Market Premium
| GMP Price | ₹5 (as of 28 Sep 2026) |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 28 Sep 2026 |
| Estimated Listing Price | ₹80 (approx. 6.67% premium over upper price band) |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: https://www.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: Sector-1, 6th & 7th Floor, Ratih House, SY-376, TPS 4, PI-7, Paiki Part-B, Parshottam Farm Compound, Opp. Podar Arcade, Varachha Road, A. K. Road, Surat, Gujarat - 395008
Website: https://www.nityas.in
Email: cs@nityas.in
Phone: +91 70462 19807
IPO Documents
Frequently Asked Questions (FAQ)
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