Mumbai (Maharashtra) [India], October 6: Nityas Gems and Jewellery Limited, engaged in the design, manufacturing, and sale of lab-grown diamond-studded gold jewellery in India, opened its Initial Public Offering on September 30, 2026. The issue size was up to ₹108.42 crore at the upper price band, with the equity shares proposed to be listed on the NSE & BSE platforms.
Total Issue Size – Up to 14,456,000 Equity Shares of ₹5 each
IPO Size – ₹108.42 Crore (At Upper Price Band)
Price Band – ₹70 – ₹75 Per Equity Share
Lot Size – 200 Equity Shares
The issue size was 14,456,000 equity shares at a face value of ₹5 each with a price band of ₹70 – ₹75 per equity share.
Net Issue Allocation
Net QIB – Not more than 50% of the Net Issue
NII – Not less than 15% of the Net Issue
RII – Not less than 35% of the Net Issue
The net proceeds from the IPO will be utilized for funding working capital requirements and general corporate purposes. The anchor bidding took place on Tuesday, September 29, 2026. The issue opened on Wednesday, September 30, 2026 and closed on Monday, October 5, 2026.
The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited; the Registrar to the Issue is Bigshare Services Private Limited.
Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited, said, “Nityas Gems and Jewellery Limited operates across an integrated B2B and D2C model. In Fiscal 2026, the Company reported revenue from operations of ₹2,028.94 million, EBITDA of ₹309.74 million and profit after tax of ₹223.15 million, with an EBITDA margin of 15.27% and a PAT margin of 11.00%. The fresh issue is proposed to primarily support the Company’s working capital requirements.”
About Nityas Gems and Jewellery Limited
Nityas Gems and Jewellery Limited is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery in India. Its integrated business model comprises B2B manufacturing and distribution to organised retailers, standalone retailers and wholesalers, along with D2C omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery Private Limited. The Company offers jewellery across categories including rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles.
During Fiscal 2026, the Company served 323 B2B customers. Its B2B network spans 18 states and 2 union territories in India, and it has also served overseas customers in the United Arab Emirates, Australia, Canada, Taiwan and Kenya. Ayaani operates an online storefront and ten physical retail stores across eight cities in India, comprising seven company-operated and three franchise-operated stores.
The Company’s manufacturing facility in Surat, Gujarat has an area of approximately 7,000 sq. ft. and installed production capacity of approximately 360 kg per annum. Its operations are supported by in-house design capabilities and CAD/CAM-enabled tools, with a design portfolio of over 32,000 jewellery designs as of August 31, 2026.
Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
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