Nityas Gems & Jewellery IPO opens today. Check GMP, price band and key details

Nityas Gems & Jewellery IPO opens for subscription today, September 30, giving investors a window to bid until October 5. The Rs 108.35-crore public issue is entirely fresh. In the grey market, the IPO is currently commanding a premium of Rs 5, or 7%, over the upper end of its price band.

The Nityas Gems & Jewellery IPO is a book-built issue comprising a fresh issue of 1.45 crore shares aggregating to Rs 108.35 crore. The issue will close on October 5, while the basis of allotment is expected to be finalised on October 6. The shares are proposed to list on both the NSE and BSE, with October 8 as the tentative listing date.

The company has fixed the IPO price band at Rs 70 to Rs 75 per share. The lot size is 200 shares, meaning retail investors must invest a minimum of Rs 15,000 at the upper end of the price band.


Choice Capital Advisors Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar to the issue.

Nityas Gems & Jewellery IPO GMP today

Nityas Gems & Jewellery IPO is commanding a grey market premium (GMP) of Rs 5, or 7%, over the upper price band of Rs 75 per share. Based on the prevailing GMP, the estimated listing price is around Rs 80 per share.

GMP note: The grey market premium is an unofficial indicator and can change frequently depending on market sentiment. It should not be considered a reliable indicator of the actual listing price or future performance of the shares.

Objects of the issue

The company proposes to utilise the net proceeds from the IPO primarily towards funding its working capital requirements, for which Rs 70 crore has been earmarked. The remaining proceeds will be used for general corporate purposes.

The total estimated net proceeds from the issue stand at Rs 70 crore.

Nityas Gems & Jewellery financial performance

Nityas Gems & Jewellery Ltd reported a 110% increase in total income to Rs 203 crore in FY26 from Rs 97 crore in FY25. The company's profit after tax (PAT) also rose sharply by 128% to Rs 22 crore in FY26, compared with Rs 10 crore in FY25.

About Nityas Gems & Jewellery

Incorporated in April 2022, Nityas Gems and Jewellery Ltd is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery in India. The company operates an integrated business model covering B2B manufacturing and distribution to organised retailers, standalone retailers and wholesalers, as well as direct-to-consumer (D2C) omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery Pvt Ltd.

Its operations span raw material procurement, product design, manufacturing, quality control, distribution and branded retail. As of August 31, 2026, the company had a total workforce of 192 full-time employees, including 122 in-house karigars and 29 designers. Its workforce spans senior management, design, operations, quality control, procurement and logistics, sales and marketing, and other functions.

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