Nityas Gems & Jewellery IPO – Company Analysis
Nityas Gems & Jewellery IPO is a mainboard issue of Rs. 108.35 Cr (1.44 crore shares) by Nityas Gems & Jewellery Limited, which is in the creation, producing, and marketing of gold jewelry with lab-grown diamonds in India.
The company uses an integrated business model that includes direct-to-consumer ("D2C") omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewelry Private Limited ("Ayaani"), as well as B2B manufacturing and distribution to organized retailers, standalone retailers, and wholesalers. Purchasing raw materials, product design, manufacturing, quality assurance, distribution, and branded retail are all included in the company's operations.
Rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks, and bangles are just a few of the categories in which the company sells lab-grown diamond-studded gold jewelry.
With a deliberate concentration on lightweight and reasonably priced jewelry, its portfolio serves the daily wear, occasion-based, men's jewelry, and customized segments. Among the company's well-known B2B clients are Ladia Diamonds, GIVA, Palmonas, and ONYA.
Nityas Gems & Jewellery IPO Details
The Nityas Gems & Jewellery IPO date is from Sep 30 to Oct 05, with IPO allotment on Oct 06, refund initiation on Oct 07, 2026. Nityas Gems & Jewellery IPO listing date is Oct 08, 2026. Nityas Gems & Jewellery IPO price is Rs. 70 to Rs. 75.
|
Event |
Date |
|
IPO Open Date |
September 30, 2026 |
|
IPO Close Date |
October 05, 2026 |
|
IPO Allotment Date |
October 06, 2026 |
|
Refunds / Credit of Shares |
October 07, 2026 |
|
IPO Listing Date |
October 08, 2026 |
|
Issue Type |
Book Built Issue |
|
IPO Price Band |
Rs. 70 to Rs. 75 |
|
Minimum Investment (Retail) |
Rs. 15,000 (200 Shares) |
|
Listing At |
BSE, NSE |
If you want to apply for the IPO, click to open a Demat Account.
Industry Overview
In CY25, the domestic gems and jewellery industry has reached around Rs. 9,998 billion, with a CAGR of 11.2% during CY20–CY25. Further, the gems and jewellery market is expected to grow at a CAGR of 12.8% between CY25 and CY30.
Company Financial
(Amount in Cr)
|
Period |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
116.42 |
39.87 |
11.75 |
|
Total Income |
203.33 |
96.85 |
53.66 |
|
Profit After Tax |
22.32 |
9.79 |
4.02 |
|
EBITDA |
30.97 |
12.90 |
5.48 |
|
Net Worth |
79.43 |
22.57 |
5.33 |
|
Reserves & Surplus |
40.87 |
20.11 |
4.28 |
|
Total Borrowing |
9.08 |
7.11 |
3.26 |
Nityas Gems & Jewellery Business Model
-
Raw material procurement (gold bullion + lab-grown diamonds)
-
In-house design (32,000+ designs, CAD/CAM technology)
-
Manufacturing (Surat, Gujarat facility ~7,000 sq. ft., capacity ~360 kg/year)
-
Quality control
-
Distribution & sales.
How the Company Makes Money
|
Segment |
Description |
Contribution (Fiscal 2026) |
|
B2B (Primary) |
Design + manufacture + supply to organised retailers (GIVA, Palmonas, ONYA, Ladia Diamonds etc.), standalone retailers & wholesalers |
~95.6% (₹1,939 crore approx.) |
|
D2C (Growing) |
Ayaani brand ke through online store (ayaani.in) + 10 physical stores (7 company-operated + 3 franchise) in 8 cities |
~4.3% (₹88 crore approx.) |
|
Others |
Minor |
<1% |
Revenue Bifurcation
The Objective of the Issue
-
Funding Working Capital requirements of the Company. ~ Rs. 70 Cr.
-
General Corporate Purposes.
Nityas Gems & Jewellery IPO Valuation
|
KPI |
As on March 31, 2026 |
|
ROCE |
42.93% |
|
Debt/Equity |
0.29 |
|
RoNW |
43.75% |
|
PAT Margin |
11% |
|
EBITDA Margin |
15.27% |
|
ROCE |
42.93% |
Nityas Gems & Jewellery IPO Allotment Status
Investors can check Nityas Gems & Jewellery IPO allotment status using the registrar, Bigshare Services Pvt. Ltd. or using the BSE website- BSE IPO allotment status.
IPO 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.
IPO Weaknesses
-
LGDs are sometimes seen as "less valuable" than natural diamonds.
-
Many jewellery stores still have minimal LGD offerings.
-
Raw materials and machinery are often imported, increasing costs.
Nityas Gems & Jewellery IPO GMP
The Nityas Gems & Jewellery IPO GMP today is Rs. 0 as of 25 Sep 2026, while writing this information.
Nityas Gems & Jewellery IPO Review: Subscribe or Avoid?
Nityas Gems is a Surat-based manufacturer of lab-grown diamond-studded gold jewellery operating primarily on a B2B model with a growing D2C presence through its subsidiary Ayaani. The company has shown strong revenue growth (CAGR ~94% over FY24-26) along with improving margins and healthy return ratios.
Before making any decision to subscribe or avoid, you should consult your SEBI-registered financial advisor.
Nityas Gems & Jewellery IPO News
Nityas Gems & Jewellery RHP
Nityas Gems & Jewellery IPO Allotment Status
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
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