Nityas Gems and Jewellery Limited is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery. The Company operates through B2B manufacturing and distribution and D2C omnichannel retail through its subsidiary, Ayaani Diamonds and Jewellery Private Limited.
The Company offers lab-grown diamond-studded gold jewellery across rings, earrings, pendants, bracelets, necklaces and bangles, with a focus on lightweight and affordable designs for daily wear, occasions, men’s and customised jewellery segments.
The Company commenced its B2B operations in July 2022, supplying jewellery across 18 states and 2 Union Territories in India, as well as select overseas markets. Its key B2B customers include GIVA, Palmonas, ONYA and Ladia Diamonds, with customised jewellery offered based on customer requirements.
The Company has an in-house design team using CAD and CAM technology, with over 28,000 jewellery designs. Its Surat facility spans approximately 7,000 sq. ft. with an annual capacity of around 360 kg, supporting key manufacturing processes.
In July 2025, the Company acquired Ayaani, expanding into the D2C segment through its online platform and nine stores across seven cities in India.
Nityas Gems & Jewellery IPO – Details
| IPO Opening Date | 30 September 2026 |
| IPO Closing Date | 05 October 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,44,56,000 Shares Worth ₹108.35 Crore Fresh Issue: 1,44,56,000 Shares Worth ₹108.35 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹70 – ₹75 per share |
| Market Lot | 200 Shares |
| Min Order | 200 Shares [1 Lot] |
| Employee Discount | ₹7.00 |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Nityas Gems & Jewellery IPO – Date Schedule
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 05 October 2026 |
| Basis of Allotment | 06 October 2026 |
| Initiation of Refund | 07 October 2026 |
| Credit of Shares to Demat Account | 07 October 2026 |
| IPO Listing Date | 08 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 05, 2026 |
Nityas Gems & Jewellery IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹15,000 |
| Retail (Max) | 13 | 2,600 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,800 | ₹2,10,000 |
| S-HNI (Max) | 66 | 13,200 | ₹9,90,000 |
| B-HNI (Min) | 67 | 13,200 | ₹10,05,000 |
Competitive Strength
- Integrated B2B and D2C business model with a growing and diversified customer base.
- Manufacturing capabilities supported by in-house design and technology integration.
- Well positioned to capitalise on the growth of lab grown diamond jewellery.
- Skilled in-house workforce enabling quality control and reduced dependence on external job work.
- Robust financial performance with consistent growth.
- 18 states and 2 union territories in India, as well as to international customers in the UAE, Australia, Canada, Taiwan, and Kenya.
Company Promoters
- Rajnikant Lallubhai Chanchad
- Sonalben Rajnikant Chanchad
- Savaliya Dhruv Janakbhai
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹11.67 Cr | ₹11.36 Cr | ₹0.25 Cr | ₹1.31 Cr |
| 31 March 2024 | ₹53.66 Cr | ₹48.73 Cr | ₹4.02 Cr | ₹3.26 Cr |
| 31 March 2025 | ₹96.85 Cr | ₹84.95 Cr | ₹9.79 Cr | ₹7.11 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| Debt/Equity | – |
| RoNW | – |
| EBITDA Margin | – |
| NAV | – |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
| EPS (₹) | 2.27 | 1.70 |
| P/E (x) | 33.04 | 44.12 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding Working Capital requirements of the Company. | ₹70.00 |
| General corporate purposes. |
Nityas Gems & Jewellery IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Golkunda Diamonds & Jewellery Limited | 16.93 |
| 2 | 2 | Goldiam International Limited | 26.99 |
| 3 | 2 | Renaissance Global Limited | 12.17 |
✅Strengths
- Integrated B2B & D2C Model with retail and direct consumer operations.
- Growing Customer Base with 190 B2B customers.
- Large Design Portfolio with 28,000+ jewellery designs.
- In-house Manufacturing with 360 kg annual capacity.
- Strong Revenue Growth from ₹116.68 million in FY23 to ₹968.45 million in FY25.
⚠️Risks
- Supplier Concentration with 90.66% of purchases from the top 10 suppliers.
- Single Manufacturing Facility increases operational disruption risk.
- High Working Capital requirement of ₹461.77 million as of September 30, 2025.
- Raw Material Volatility in gold and lab-grown diamond prices may affect margins.
- Competitive Industry and changing consumer preferences may impact demand.
Nityas Gems & Jewellery IPO Promoter Holding
| Pre Issue Share Holding | 58.10% |
| Post Issue Share Holding | – |
Nityas Gems & Jewellery IPO Prospectus
- Nityas Gems & Jewellery IPO DRHP
- Nityas Gems & Jewellery IPO RHP
Company Contact Information
| Nityas Gems & Jewellery Ltd. 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 Phone: +91 70462 19807 Email: cs@nityas.in Website: https://www.nityas.in |
Nityas Gems & Jewellery IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Nityas Gems & Jewellery IPO Lead Manager(s)
| 1. Choice Capital Advisors Pvt. Ltd. |
Nityas Gems & Jewellery IPO FAQs
| What is the Nityas Gems & Jewellery IPO? Nityas Gems & Jewellery IPO is a main-board IPO. The issue is priced at ₹70 to ₹75 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Nityas Gems & Jewellery IPO open? The IPO is to open on 30 September 2026 for QIB, NII, and Retail Investors. |
| What is Nityas Gems & Jewellery IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| What is the Nityas Gems & Jewellery IPO Size? Nityas Gems & Jewellery IPO size is ₹108.35 Crore. |
| What are the Nityas Gems & Jewellery IPO Minimum and maximum lot sizes for Retail? The minimum bid is 200 Shares with ₹15,000, while the maximum bid is 2600 Shares with ₹1,95,000. |
| What is the Nityas Gems & Jewellery IPO Allotment Date? Nityas Gems & Jewellery IPO allotment date is 06 October 2026. |
| What is the Nityas Gems & Jewellery IPO Listing Date? Nityas Gems & Jewellery IPO listing date is 08 October 2026. The IPO is to be listed on the BSE and the NSE. |
