Nityas Gems and Jewellery IPO 2026: Date, Price Band, GMP and Details

Dates, price band, lot size, financials and full details of the Nityas Gems and Jewellery Limited IPO, sourced from the company's Red Herring Prospectus (RHP).

Nityas Gems and Jewellery IPO at a glance

Nityas Gems and Jewellery Limited is bringing a Book Built Mainboard IPO worth ₹108.42 crore. The issue is entirely a fresh issue of 1,44,56,000 shares, with no Offer for Sale (OFS), so the company receives the proceeds. The IPO is open from 30 September to 5 October 2026 and is proposed to list on the BSE and the NSE.

Nityas Gems and Jewellery IPO Details

Nityas Gems and Jewellery IPO Timelines

Dates are tentative and may change.

Nityas Gems and Jewellery IPO GMP

GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).

About Nityas Gems and Jewellery Limited

Originally incorporated as Nityas Gems and Jewellery Private Limited in April 2022 (renamed Nityas Gems and Jewellery Limited in July 2025), Nityas Gems and Jewellery Limited is a Surat-based company engaged in the design, manufacture, and sale of lab-grown diamond (LGD) studded gold jewellery. It commenced operations in July 2022 and runs a vertically integrated, dual-channel model: a business-to-business (B2B) channel supplying organised and standalone jewellery retailers and wholesalers, and a direct-to-consumer (D2C) channel.

Its B2B network covers customers across 18 states and 2 union territories in India, along with international markets including the UAE, Australia, Canada, Taiwan, and Kenya. In July 2025 it acquired the "Ayaani" brand, expanding into D2C retail through its subsidiary, Ayaani Diamonds and Jewellery, which runs an online platform and 10 physical stores across 8 Indian cities. It manufactures at a 7,000 square foot facility in Surat, and as of 31 August 2026 its 29-member in-house design team had developed a portfolio of over 32,000 jewellery designs using CAD and CAM.

The company's promoters are Rajnikant Lallubhai Chanchad, Sonalben Rajnikant Chanchad, and Savaliya Dhruv Janakbhai.

What are the Key Strengths of Nityas Gems and Jewellery (as stated in the RHP)

• Integrated and scalable business model.
• Expanding customer base and market reach.
• Design-led manufacturing with a strong product portfolio, supported by in-house karigars.
• Presence in a high-growth lab-grown diamond jewellery segment.
• Strong financial performance with improving margins.

What the Money Will Be Used For

The IPO is entirely a fresh issue of ₹108.42 crore, with no Offer for Sale, so all the proceeds go to the company. It plans to use the money for the following:

What are the Company Financials of Nityas Gems and Jewellery

Restated consolidated figures, in ₹ crore.

2-Yr CAGR is calculated from FY 2024 to FY 2026. This is a young, fast-scaling company that began operations in 2022, so it is growing from a small base, which is why the growth rates are very high. Revenue roughly quadrupled and profit rose more than five times over the two years, while net worth grew sharply, helped by capital raised and profits retained.

Who Can Apply

The offer is split across investor categories as follows:

How to Apply for the Nityas Gems and Jewellery IPO

You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.

1. Log in to your broker app or your bank's net banking.
2. Open the IPO section and select Nityas Gems and Jewellery IPO.
3. Enter the number of lots and your bid price, or select the cut-off price.
4. Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
5. Submit the application form.
6. Approve the mandate request in your UPI app to block the funds until allotment.

How to Check Allotment Status

The basis of allotment is expected to be finalised on 6 October 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.

• On the registrar's website, Bigshare Services, at the IPO status page.
• On the BSE or NSE website under the IPO allotment section.
• Inside your broker app, under orders or IPO history.

Key Risk Factors

The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.

• Its revenue from operations is significantly concentrated among a limited number of B2B customers; its top 10 customers contributed 76.68%, 84.24%, and 97.17% of revenue from operations in FY 2025, FY 2024, and FY 2023.
• It has a limited operating history, having commenced operations in 2022, which makes it harder to evaluate its business and future prospects.
• Its business is working capital intensive, and its working capital requirements have increased significantly with its scale.
• It has experienced negative cash flows from operating and investing activities in previous periods.
• Its business depends on the lab-grown diamond jewellery segment and on evolving end-consumer preferences, including acceptance of its designs.
• It may not be able to effectively hedge against fluctuations in gold prices, which could affect its margins and cash flows.
• It has not obtained any credit ratings, which may affect its ability to access debt on favourable terms.
• It has entered into related party transactions, and may continue to do so.
• One of its independent directors was previously associated with a company that was subsequently struck off by the Registrar of Companies.
• There have been certain instances of delays in the payment of statutory dues by the company.

Frequently Asked Questions (FAQs)

1. When does the Nityas Gems and Jewellery IPO open and close?

The IPO opens on 30 September 2026 and closes on 5 October 2026.

2. What is the price band of the IPO?

The price band is ₹70 to ₹75 per share.

3. What is the lot size?

One lot is 200 shares. Applications are made in multiples of 200 shares.

4. What is the minimum investment for retail investors?

The minimum investment is ₹15,000 at the upper price band (1 lot of 200 shares).

5. When is the allotment date?

The allotment is expected to be finalised on 6 October 2026, with shares credited to demat accounts by 7 October 2026.

6. When is the listing date?

The shares are proposed to be listed on the BSE and the NSE on 8 October 2026 (tentative).

7. What does Nityas Gems and Jewellery do?

It designs, manufactures, and sells lab-grown diamond studded gold jewellery through a business-to-business and direct-to-consumer model, from its base in Surat.

8. What is the GMP of the Nityas Gems and Jewellery IPO?

GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.

9. Who is the registrar for the IPO?

Bigshare Services is the registrar. Allotment status can be checked on its website.

Read the full Red Herring Prospectus (RHP): View the full RHP filed with SEBI and the exchanges.

Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.