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InvestmentsIPONityas Gems & Jewellery IPO

Nityas Gems & Jewellery IPO

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Open Date

30 Sep 2026

Close Date

5 Oct 2026

Min Investment

₹ 14,000

Lot Size

200

Issue Size

₹ 108.42 Cr

Price Range

₹ 70 - ₹ 75

Subscribed

0.43 x
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status

IPO Open Now.

IPO Timeline
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IPO Offer Start
30 Sep 2026
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IPO Offer Ends
5 Oct 2026
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Allotment Finalisation
6 Oct 2026
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Refund Initialisation
7 Oct 2026
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Non-Institutional Buyers (sHNI)
7 Oct 2026
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Listing of Shares
8 Oct 2026
IPO Subscription Details as on 2 Oct 2026, 12:43 PM
Qualified Instituational Buyers (QiB)
0.3 x
Retail
0.72 x
Employees
0.47 x
Total
0.43 x
Non-Institutional Buyer (bHNI)
0.14 x
Non-Institutional Buyer (sHNI)
0.28 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Nityas Gems and Jewellery Limited is engaged in the design, manufacturing, and sale of lab-grown diamond studded gold jewellery in India, operating through an integrated B2B and D2C omnichannel model. The company's B2B operations supply to organized retailers, standalone retailers, and wholesalers across 18 states and 2 union territories in India, as well as overseas markets including UAE, Australia, Canada, Taiwan, and Kenya. In July 2025, the company acquired Ayaani Diamonds and Jewellery Private Limited, expanding its D2C presence through 10 retail stores across 8 cities and an online platform. The company reported revenue from operations of ₹2,028.94 million in Fiscal 2026, reflecting a ~94.46% CAGR over two years, with an EBITDA margin of 15.27% and PAT of ₹223.15 million.
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Founded In

2022

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Director

Sonalben Rajnikant Chanchad

Financials of Nityas Gems And Jewellery IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue53.6696.85202.89
Other Income0.010.000.43
Total Income
53.6696.85203.33
Total Expenses
48.7384.95176.40
Profit Before Tax4.9311.8926.92
Total Profit
4.029.7922.32

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to utilize a portion of the Net Proceeds to fund incremental working capital requirements in Fiscal 2027, as the business is working capital intensive, requiring upfront procurement of raw materials, maintenance of adequate inventory levels, and extension of credit to customers.70
The company proposes to deploy the balance Net Proceeds towards general corporate purposes including strategic initiatives, brand building, capital expenditure, ongoing general corporate exigencies, growth funding for subsidiaries, subject to not exceeding 25% of the Gross Proceeds of the Issue.-
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  • Integrated B2B and D2C Business Model with a Growing and Diversified Customer Base: The company operates an integrated B2B and D2C model, with B2B customer count growing from 74 in Fiscal 2024 to 323 in Fiscal 2026, and total revenue from operations reaching ₹2,028.94 million in Fiscal 2026, supported by 10 retail stores across 8 cities under the 'Ayaani' brand.
  • Manufacturing Capabilities Supported by In-House Design and Technology Integration: The company operates a ~7,000 sq. ft. manufacturing facility in Surat with an installed capacity of 360 kg p.a., supported by CAD/CAM tools and a design portfolio of over 32,000 jewellery designs, enabling end-to-end production and consistent quality control.
  • Well Positioned to Capitalize on the Growth of Lab-Grown Diamond Jewellery: The company is aligned with the rapidly growing LGD jewellery market, projected to reach USD 9,406 million globally by CY30, with the Indian market expanding at a CAGR of 15.8% from CY25 to CY30, reaching ₹71,890 million, driven by affordability, sustainability, and Tier-2/3 market expansion.
  • Skilled In-House Workforce Enabling Quality Control and Reduced Dependence on External Job Work: The company is supported by 122 in-house Karigars operating under direct supervision and a structured quality control framework, enabling design-intensive and customized jewellery execution while reducing reliance on third-party manufacturing.
  • Robust Financial Performance with Consistent Growth: The company's revenue from operations grew at a CAGR of ~94.46% from ₹536.55 million in Fiscal 2024 to ₹2,028.94 million in Fiscal 2026, with PAT rising at a CAGR of ~135.48% and EBITDA margins improving from 10.21% to 15.27% over the same period.
  • Experienced Promoters and Management Team: The company is led by promoters with a collective 29+ years of jewellery industry experience, supported by a senior management team with expertise across finance, production, administration, and sales, enabling structured operations and consistent product quality.

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