Nityas Gems & Jewellery shares made a decent debut on the stock exchanges on October 8, listing at a small premium to the issue price of Rs 75 per share.
The stock listed at Rs 80 on the NSE, a gain of Rs 5 or 6.67 per cent over the issue price. On the BSE, the shares opened at Rs 82, up Rs 7 or 9.33 per cent.
The Rs 108.35 crore initial public offering (IPO) of Nityas Gems & Jewellery was open for subscription from September 30 to October 5. The issue was entirely a fresh issue of 1.45 crore shares.
At the issue price of Rs 75, the company had a market capitalisation of around Rs 431.95 crore. Post listing, the market cap rose to Rs 472.26 crore.
The IPO received a total subscription of 2.26 times by the close of bidding. The retail portion was subscribed 4.07 times, while the non-institutional investor (NII) portion was subscribed 2.05 times. The qualified institutional buyer (QIB) portion received bids for 1.06 times the shares on offer. The employee portion was subscribed 2.82 times.
The company had offered a discount of Rs 7 per share to employees participating in the IPO.
Nityas Gems & Jewellery had fixed the price band at Rs 70-75 per share, with a lot size of 200 shares. Retail investors were required to invest at least Rs 15,000 at the upper end of the price band.
Choice Capital Advisors was the book-running lead manager for the issue, while Bigshare Services acted as the registrar.
What Does Nityas Gems & Jewellery Do
Incorporated in April 2022, Nityas Gems & Jewellery designs, manufactures and sells lab-grown diamond studded gold jewellery.
The company operates a B2B manufacturing and distribution business, supplying organised retailers, standalone retailers and wholesalers. It also has a direct-to-consumer (D2C) business through its subsidiary Ayaani Diamonds and Jewellery.
Its product range includes rings, earrings, pendants, bracelets, mangalsutras, necklaces, bangles and other jewellery. The company focuses on lightweight and affordable jewellery and supplies products based on both its own designs and customised requirements from customers.
Its B2B customer base includes GIVA, Palmonas, ONYA and Ladia Diamonds, among others.
Nityas Gems & Jewellery has a manufacturing facility in Surat, Gujarat. It supplies jewellery across 18 states and two Union Territories in India and also caters to customers in the UAE, Australia, Canada, Taiwan and Kenya.
In July 2025, the company acquired Ayaani, a lab-grown diamond jewellery brand. Ayaani operates an online storefront and 10 physical stores across eight Indian cities.
Nityas Gems & Jewellery Financials
The company’s total income increased to Rs 203.33 crore in FY26 from Rs 96.85 crore in FY25 and Rs 53.66 crore in FY24.
Profit after tax rose to Rs 22.32 crore in FY26 from Rs 9.79 crore in FY25 and Rs 4.02 crore in FY24.
Earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at Rs 30.97 crore in FY26, compared with Rs 12.90 crore in FY25 and Rs 5.48 crore in FY24.
The company’s net worth stood at Rs 79.43 crore as of March 31, 2026. Its reserves and surplus stood at Rs 40.87 crore, while total borrowings stood at Rs 9.08 crore as of March 31, 2026.
Nityas Gems & Jewellery IPO Objectives
Nityas Gems & Jewellery plans to use Rs 70 crore of the IPO proceeds to fund its working capital requirements.
Another Rs 21.47 crore has been earmarked for general corporate purposes, while Rs 16.88 crore will be used towards issue expenses.
