Nityas Gems & Jewellery IPO
CLOSEDMAINBOARDBidding Closed
Allotment date reached
Allotment
06 Oct 2026
Listing
08 Oct 2026
- Price Band
- ₹70 – ₹75
- Lot Size
- 200
- Lot Value
- ₹15,000
- Open Date
- 30 Sep30 Sep 2026
- Close Date
- 05 Oct05 Oct 2026
- Min Investment
- ₹15,000
About Nityas Gems & Jewellery
Nityas Gems & Jewellery is engaged in the design, manufacturing and sale of lab-grown diamond studded gold jewellery through B2B and D2C channels, with operations across multiple cities in India.
B2B supply of lab-grown diamond jewellery to retailers and wholesalers based on company designs and customer specifications, plus D2C omnichannel retail under Ayaani brand.
Use of IPO Proceeds
Total allocation: ₹70.00 Cr (excludes issue expenses)
Promoters
Rajnikant Lallubhai Chanchad
Chairman and Managing Director · age 42
Pre-issue: 52.02%
Sonalben Rajnikant Chanchad
Executive Director · age 39
Pre-issue: 3.98%
Savaliya Dhruv Janakbhai
Non-Executive Director · age 26
Investment Analysis
Quick Analysis: 4 strengths · 6 risk factors· Exchange: Equity
Strengths (4)
- •Integrated design and manufacturing capabilities with end-to-end operations
- •Experienced promoters with over 25 years in jewellery industry
- •Skilled in-house workforce including 29 designers and 136 karigars
- •Access to growing lab-grown diamond jewellery market expanding at 15.8% CAGR
Risk Factors (6)
- •First public offering with no established market for shares; Issue Price may not reflect actual post-listing trading price or market demand.
- •Fund deployment plans based on management estimates without appraisal by banks or financial institutions; cost overruns may adversely affect operations.
- •Business operates in capital-intensive jewellery sector; additional working capital requirements needed as business grows.
- •Lab-grown diamond industry subject to regulatory changes and policies; shifts in government regulations could impact operations.
- •Investments in equity securities carry high risk; investors may lose entire investment if business performance deteriorates.
- •Utilisation of net proceeds subject to variations; changes in business conditions may require reallocation from planned purposes.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 1.37x (QIB 0.78x, NII 1.37x, Retail 2.21x) at close
- GMP ₹1 (+1.3%), unofficial, as of 07 Oct 2026, 09:30 AM IST
GMP Trend
Latest: ₹1 (+1.33%)Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | 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 | 13,400 | ₹10,05,000 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 5 |
|---|---|---|---|---|
| QIB | 0.00x | 0.30x | 0.78x | 0.78x |
| sNII (S-HNI) | 0.12x | 0.28x | 1.83x | 1.82x |
| bNII (B-HNI) | 0.03x | 0.14x | 1.15x | 1.15x |
| Retail | 0.28x | 0.71x | 2.21x | 2.21x |
| Total | 0.11x | 0.43x | 1.37x | 1.37x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
2.21x
Allotment Ratio
1 lot per 3 applicants
Allotment Probability
~45.2%
Non-Institutional Investors (NII / HNI)
Subscription
1.37x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
0.78x
Allotment Type
Discretionary allotment
Total Subscription
1.37x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
30 Sep 2026 · Wed
Issue Closes
05 Oct 2026 · Mon
Bidding Cut-off (UPI Mandate)
05 Oct 2026 · 5:00 PM IST
Allotment
06 Oct 2026 · Tue
Listing
08 Oct 2026 · Thu · Tomorrow
Issue Opens
30 Sep 2026 · Wed
Issue Closes
05 Oct 2026 · Mon
Bidding Cut-off (UPI Mandate)
05 Oct 2026 · 5:00 PM IST
Allotment
06 Oct 2026 · Tue
Listing
08 Oct 2026 · Thu · Tomorrow
IPO Details
| Registrar | — |
| Exchange | Equity |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹108.35 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | — |
3-Year Financial Summary
Revenue trend
↑ 6M-FY26→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 96.85 | 9.79 | — | — | — |
| FY24 | 53.65 | 4.02 | — | — | — |
| 6M-FY26 | 88.55 | 8.53 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | 6M-FY26 | FY24 | FY25 |
|---|---|---|---|
| Total Income | 88.76 | 53.66 | 96.85 |
| EBITDA | 11.46 | 5.48 | 12.9 |
| Cash Flow — Operating | -16.26 | -1.05 | -10.05 |
| Cash Flow — Investing | -1.08 | -0.83 | -0.42 |
From the company's offer document (DRHP/RHP); restated figures where available.
Check the valuation yourself
Company Fundamentals
11 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in Nityas Gems & Jewellery's offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Nityas Gems & Jewellery's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Nityas Gems & Jewellery's filing.
Source: Nityas Gems & Jewellery offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- Anchor+60.00%
- QIB+75.00%
- NII / HNI+15.00%
- Retail+10.00%
- Employee+5.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Nityas Gems & Jewellery offer document (DRHP/RHP).
Board & Management
Board of Directors (3)
- Rajnikant Lallubhai Chanchad₹0.08 Cr p.a.
Chairman and Managing Director
Managing Director appointed July 17, 2025; previously promoted to Chairman and Managing Director
- Anu Ashish Amodia
Non-Executive Independent Director
Master of Commerce, Post Graduate Diploma in Business Administration, Qualified Company Secretary
Over 12 years in secretarial affairs; Fellow Member of the Institute of Company Secretaries of India
- Nair Ajit Velayudhan
Non-Executive Independent Director
Bachelor of Commerce, Qualified Chartered Accountant
Over 33 years of experience in finance and accounting
Key Managerial Personnel (3)
- Rajnikant Lallubhai Chanchad₹0.08 Cr p.a.
Managing Director
Managing Director of the Company
- Manvi Meet Shah
Company Secretary and Compliance Officer
Bachelors of Commerce, Qualified Company Secretary
Over 2.5 years of experience in the field of secretarial affairs
- Denish Bharatbhai Kalyanpremchandwala
Chief Financial Officer
Bachelor of Commerce
Over 7 years of experience in finance and accounting
Source: Nityas Gems & Jewellery offer document (DRHP/RHP).
Industry & Market
Per CareEdge Research, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Nityas Gems and Jewellery Limited | — | 4.37 | 70.17 | 9.53 |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Tax | Company | 1 | 2.683 |
| Criminal | Subsidiaries | 1 | 0.133 |
Direct tax demand for Assessment year 2023 FIR for criminal breach of trust, cheating, and criminal conspiracy involving employee theft of gold items
Documents
Frequently Asked Questions
When is the Nityas Gems & Jewellery IPO opening?
The Nityas Gems & Jewellery IPO opens on 30 Sep 2026 and closes on 05 Oct 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Nityas Gems & Jewellery IPO?
The price band for the Nityas Gems & Jewellery IPO is ₹70 to ₹75. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Nityas Gems & Jewellery IPO?
The minimum lot size is 200 shares with a minimum investment of ₹15,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Nityas Gems & Jewellery IPO today?
The latest Grey Market Premium for Nityas Gems & Jewellery is ₹1 (+1.33%). GMP is unofficial data and is not a guarantee of listing price.
When will the Nityas Gems & Jewellery IPO list on NSE and BSE?
The Nityas Gems & Jewellery IPO is expected to list on 08 Oct 2026 on Equity. Actual listing day trading begins at the start of the normal market session.
How can I check the Nityas Gems & Jewellery IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Nityas Gems & Jewellery IPO a mainboard or SME issue?
Nityas Gems & Jewellery is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Nityas Gems & Jewellery IPO?
You can apply for the Nityas Gems & Jewellery IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Nityas Gems & Jewellery IPO?
The GMP-implied price (unofficial, not a forecast) is ₹76: the upper price band of ₹75 plus the latest grey market premium of ₹1, as of 07 Oct 2026, 09:30 AM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for Nityas Gems & Jewellery IPO?
Based on the retail subscription of 2.21x, the estimated allotment ratio is 1 lot per 3 applicants (approximately 45.2% chance of allotment). This is an estimate and actual allotment may vary.
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Allotment date reached
Nityas Gems & Jewellery