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Nityas Gems & Jewellery IPO
Price Band
₹70.0–75.0
Issue Size
₹108.35 Cr
Lot Size
200 shares
Min Investment
₹15,000
GMP
—
Issue Price
₹75.0
Nityas Gems & Jewellery IPO AI Summary
- Nityas Gems & Jewellery IPO is upcoming on BSE, NSE in the Gems, Jewellery And Watches sector.
- Price band: ₹70.0–₹75.0 per share, lot size 200 shares (min. investment ₹15,000).
- Subscription window: 30 Sep–05 Oct 2026, listing on 08 Oct 2026.
Nityas Gems and Jewellery Limited is set to launch its IPO with a price band of ₹70 to ₹75, aiming to raise ₹108.35 Cr. The company has shown strong revenue and profit growth over the past few years and is well-positioned in the lab-grown diamond jewellery market.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 30 Sep 2026 · in 2 days
Nityas Gems & Jewellery IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP is 0.0% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 20.8% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Nityas Gems and Jewellery Limited specialises in the design, manufacturing, and sale of lab-grown diamond-studded gold jewellery in India. The company operate through a business-to-business (B2B) model for retailers and wholesalers, as well as a direct-to-consumer (D2C) approach via our subsidiary, Ayaani Diamonds and Jewellery Private Limited. The company's operations encompass the entire jewellery value chain, including raw material management, product design, manufacturing, quality control, distribution, and retail sales. The company offers a variety of lab-grown diamond gold jewellery, including rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks, and bangles, for daily wear, special occasions, men’s jewellery, and custom designs. The company's key B2B customers include established jewellery retailers like ‘GIVA’, ‘Palmonas’, ‘ONYA’, and ‘Ladia Diamonds’. The company supplies customised lab-grown diamond-studded gold jewellery based on its designs and specific customer requirements, including purity, weight, and finish. They ensure design-led development, consistent quality, and timely order execution to support our customer relationships. The company's B2B operations are essential to its business, focusing on the design and supply of lab-grown diamond jewellery to retailers. The company serves the domestic market by supplying products to B2B customers in 18 states and 2 union territories in India, as well as to end customers through retail stores in seven cities and online sales. 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 Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 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 and Surplus | 40.87 | 20.11 | 4.28 |
| Total Borrowing | 9.08 | 7.11 | 3.26 |
Key Ratios
EPS
₹5.17
NAV
₹15.13
ROCE
42.93%
RoNW
43.75%
P/B Value
4.96
P/E Ratio
14.51
Market Cap
₹431.95 Cr
PAT Margin
11.00%
Debt/Equity
0.29
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Renaissance Global Ltd. | 140.62 | 6.09% | 18.63 | 8.4 | 8.4 |
| Goldiam International Ltd. | 97.95 | 18.38% | 21.69 | 15.11 | 15.43 |
| Golkunda Diamonds & Jewellery Ltd. | 115.22 | 18.81% | 16.61 | 19.66 | 19.66 |
| Nityas Gems and Jewellery LTD. This IPO | 15.13 | 43.75% | — | 5.52 | 5.52 |
Promoters
Rajnikant Lallubhai Chanchad, Sonalben Rajnikant Chanchad, Savaliya Dhruv Janakbhai
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Working Capital requirements of the Company 70.00 2 General corporate purposes Total 70.00
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total income was ₹53.66 Cr in 31 Mar 2024, rising to ₹96.85 Cr by 31 Mar 2025, and further increasing to ₹203.33 Cr by 31 Mar 2026. This indicates a strong growth trajectory over the periods analyzed.
Profit Trend
Profit After Tax was ₹4.02 Cr in 31 Mar 2024, increasing to ₹9.79 Cr by 31 Mar 2025, and further rising to ₹22.32 Cr by 31 Mar 2026. This consistent increase reflects the company's improving profitability.
Valuation
Priced at a P/E ratio of 14.51 at the issue price, compared to peers trading at P/E ratios ranging from 16.61 to 21.69.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the IPO based on demand and supply in this unofficial market. A positive GMP suggests strong demand, while a negative GMP may indicate weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy, considering factors such as growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 30 September 2026 and closes on 5 October 2026. Allotment of shares will be done on 6 October 2026, and the shares are expected to be listed on 8 October 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market conditions and investor sentiment. While some IPOs may see significant gains on their first day of trading, others may not perform as expected, leading to potential losses.
This evaluation is generated from Nityas Gems & Jewellery's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Nityas Gems & Jewellery IPO?
The price band of Nityas Gems & Jewellery IPO is ₹70.0–₹75.0 per share.
When does Nityas Gems & Jewellery IPO open and close?
Nityas Gems & Jewellery IPO opens on 30 September 2026 and closes on 05 October 2026.
When does Nityas Gems & Jewellery IPO list on the stock exchange?
Nityas Gems & Jewellery IPO is scheduled to list on 08 October 2026, with an estimated listing price of ₹75.0 based on current GMP.
What is the lot size for Nityas Gems & Jewellery IPO?
The lot size for Nityas Gems & Jewellery IPO is 200 shares, requiring a minimum investment of ₹15,000.
What is the TopFund Listing Data Indicator for Nityas Gems & Jewellery?
Nityas Gems & Jewellery's Listing Data Indicator score is 35/100 (Low signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the Nityas Gems IPO?
The price band for the Nityas Gems IPO is ₹70 to ₹75.
What is the minimum investment required?
The minimum investment required is ₹15,000.
What is the lot size for this IPO?
The lot size for the Nityas Gems IPO is 200 shares.
When is the listing date for the IPO?
The listing date for the IPO is expected to be 8 October 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Sep 2026
Close
05 Oct 2026
Allotment
06 Oct 2026
Listing
08 Oct 2026
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