Nityas Gems & Jewellery IPO

Nityas Gems & Jewellery IPO Profile

Nityas Gems & Jewellery IPO is a Mainboard IPO of Nityas Gems and Jewellery Limited. The company is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery. The company operates through an integrated B2B and D2C business model.

The B2B business supplies jewellery to organised retailers, standalone retailers and wholesalers, while its subsidiary, Ayaani Diamonds and Jewellery Private Limited, operates the D2C retail business through online and physical stores.

The IPO is a book-built issue with a price band of ₹70 to ₹75 per equity share. The issue comprises up to 14,456,000 equity shares and is scheduled to open on 30 September 2026 and close on 5 October 2026.

Nityas Gems & Jewellery IPO Details

Nityas Gems & Jewellery Company Profile

Nityas Gems and Jewellery Limited was incorporated in 2022 and is based in Surat, Gujarat. The company is involved in designing, manufacturing and selling lab-grown diamond-studded gold jewellery.

The company has an integrated business model consisting of B2B manufacturing and distribution and D2C omnichannel retail operations. Its product portfolio includes rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles.

The company caters to different jewellery segments including daily wear, occasion-based jewellery, men's jewellery and customised jewellery. Its B2B customer network covers multiple states and union territories in India as well as international markets.

Its manufacturing facility is located in Surat, Gujarat, while its subsidiary Ayaani Diamonds and Jewellery Private Limited operates the D2C retail business through online and physical retail channels.

Nityas Gems & Jewellery Financials

Note: Financial figures are based on reported/restated figures available for the respective financial years.

Nityas Gems & Jewellery IPO Strengths

• Integrated B2B and D2C business model covering manufacturing, distribution and retail operations.
• Focus on lab-grown diamond-studded gold jewellery across multiple product categories.
• B2B customer base has expanded significantly, with customers across several Indian states and international markets.
• Revenue increased from ₹53.66 crore in FY2024 to ₹203.33 crore in FY2026.
• Profit after tax increased from ₹4.02 crore in FY2024 to ₹22.32 crore in FY2026.
• The company has both B2B manufacturing/distribution and D2C omnichannel retail operations.

Nityas Gems & Jewellery IPO Risks

• The company has a relatively short operating history since its incorporation in 2022, which limits the availability of long-term historical performance data.
• Continued negative cash flows, if any, could affect liquidity, working capital and the ability to fund future growth.
• Trade receivables represent a significant amount of funds outstanding from customers. Delays in collection could affect cash flows and working capital.
• The company has outstanding borrowings, which may result in financing costs and repayment obligations.
• The jewellery business is exposed to changes in consumer demand, gold prices, diamond prices and broader economic conditions.
• Competition in the jewellery industry and changes in customer preferences could affect the company's business and profitability.

Nityas Gems & Jewellery IPO Allotment

Nityas Gems & Jewellery IPO allotment is expected to be finalized on 6 October 2026. Refunds and share credit are expected on 7 October 2026, followed by listing on 8 October 2026.

Nityas Gems & Jewellery IPO FAQs