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Nityas Gems & Jewellery IPO

₹70.00 to ₹75.00Price band

Bidding closed. The basis of allotment is due on 6 October 2026.

Subscription and grey market figures refresh on a 30-minute cycle. Last synced 6 October 2026. Confirm current numbers on the exchange websites before you apply.

Issue size
₹108.35 Cr
Lot size
200 shares
Minimum investment
₹15,000.00
Face value
₹5.00
Fresh issue
₹108.35 Cr
Offer for sale
₹0.00 Cr
Exchanges
NSE and BSE
Bidding dates
30 September 2026 to 5 October 2026

Final subscription

The bidding window has closed. These are the last recorded figures for each category.

Subscription by investor category, bidding day 6
CategoryTimes subscribedRelative to the highest category
RetailRetail individual investors4.07x
sNIINon-institutional (bids up to ₹10 lakh)3.02x
TotalTotal2.26x
NIINon-institutional investors2.05x
bNIINon-institutional (bids above ₹10 lakh)1.56x
QIBQualified institutional buyers1.06x
Total2.26x

Figures from bidding day 6. A multiple of 1.00x means bids exactly covered the shares offered; above that the issue is oversubscribed. Source share counts are not published in this dataset, so only the multiple is shown.

The dates that matter

An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.

    Issue dates

  1. Anchor investor biddingCompleted

    29 September 2026

    One day before the public window, for institutional anchors.

  2. Bidding opensCompleted

    30 September 2026

  3. Bidding closesCompleted

    5 October 2026

  4. Basis of allotmentNext

    6 October 2026 in today

  5. Refunds initiated

    7 October 2026

  6. Shares credited to Demat

    7 October 2026

  7. Listing on the exchange

    8 October 2026

Grey market premium

Grey market premium is the price traders quote among themselves for shares that have not listed yet. Below is the full day-by-day record we hold for this issue, not only the latest figure, because the movement across the bidding window says more than any single day does.

-12571025 Sept6 Oct
Grey market premium per share over 12 recorded days. Hover or use the arrow keys to read any day.
Grey market premium history for Nityas Gems & Jewellery
DatePremium per share
2026-09-250
2026-09-260
2026-09-270
2026-09-289
2026-09-295
2026-09-305
2026-10-013
2026-10-023
2026-10-033
2026-10-042
2026-10-051
2026-10-061
Day by day, 12 records
DatePremium per shareImplied listing priceImplied gain
6 October 2026₹1.00₹76.001.33%
5 October 2026₹1.00₹76.001.33%
4 October 2026₹2.00₹77.002.67%
3 October 2026₹3.00₹78.004.00%
2 October 2026₹3.00₹78.004.00%
1 October 2026₹3.00₹78.004.00%
30 September 2026₹5.00₹80.006.67%
29 September 2026₹5.00₹80.006.67%
28 September 2026₹9.00₹84.0012.00%
27 September 2026Not recorded₹75.000.00%
26 September 2026Not recorded₹75.000.00%
25 September 2026Not recorded₹75.000.00%

About Nityas Gems & Jewellery

Nityas Gems & Jewellery Ltd. designs, makes and sells gold jewellery set with lab-grown diamonds. The company incorporated in April 2022 and runs a manufacturing plant in Surat, Gujarat, where it handles design, prototyping, production and quality control in house. It sells through two channels. The B2B arm supplies organised retailers, standalone jewellers and wholesalers across 18 states and 2 union territories, plus buyers in the UAE, Australia, Canada, Taiwan and Kenya. Named B2B customers include GIVA, Palmonas, ONYA and Ladia Diamonds. The D2C arm runs through subsidiary Ayaani Diamonds and Jewellery Private Limited, acquired in July 2025, which sells online and through 10 stores across eight cities. As of 31 August 2026 the company employed 192 full-time staff, including 122 in-house karigars and 29 designers. Total income for the year ended 31 March 2026 was INR 203.33 crore.

Promoters

  • Rajnikant Lallubhai Chanchad
  • Sonalben Rajnikant Chanchad
  • Savaliya Dhruv Janakbhai

Financial highlights

The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.

Metric (₹ crore)Mar 2024Mar 2025Mar 2026
Assets11.7539.87116.42
Total Income53.6696.85203.33
Profit After Tax4.029.7922.32
EBITDA5.4812.9030.97
NET Worth5.3322.5779.43
Reserves and Surplus4.2820.1140.87
Total Borrowing3.267.119.08

Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Mar 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.

Key ratios

Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.

RatioValueWhat it measures
Earnings per share₹5.17Profit after tax divided by the number of shares.
P/E at the cap price14.51xIssue price divided by earnings per share. Lower is cheaper, but only against the same industry.
P/E after the issue19.38xThe same ratio recalculated on the larger post-issue share count.
Price to book4.96xIssue price against net assets per share.
Net asset value per share₹15.13What the company owns, less what it owes, per share.
Return on capital employed42.93%Profit earned on all the capital in the business, including debt.
Return on net worth43.75%The offer document’s own name for return on shareholders’ funds.
Debt to equity0.29xBorrowings against shareholders’ funds. Higher means more leverage.
Profit margin11.00%Profit after tax as a share of income.
Operating margin15.27%Operating profit as a share of income, before interest, tax and depreciation.
Market capitalisation₹431.95 CrValue of the company at the issue price.

Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.

What the money is for

Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.

  • Funding Working Capital requirements of the Company

    ₹70.00 Cr

  • General corporate purposes

    Amount not stated

Peer comparison

The offer document compares the issuer against listed companies in the same business, on earnings, book value and return on net worth. Nityas Gems & Jewellery is the first row.

Peer comparison from the offer document. Nityas Gems & Jewellery is the first row.
CompanyEPS (₹)P/ENAV per share (₹)RoNW
Goldiam International Ltd.15.1121.69₹97.9518.38%
Golkunda Diamonds & Jewellery Ltd.19.6616.61₹115.2218.81%
Nityas Gems and Jewellery LTD.5.52—₹15.1343.75%
Renaissance Global Ltd.8.418.63₹140.626.09%

Reproduced from the peer comparison in the offer document. A dash means the document does not state that figure for that company. It is absent, not zero. Ratios are reported on the basis named in the document, which is not always the same period for every company.

Who gets what share

SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.

Reservation by investor category
CategoryShare of issueAmount
Qualified institutional buyers49.65%₹53.84 Cr
Retail individual investors34.76%₹37.68 Cr
Non-institutional (bids above ₹10 lakh)9.93%₹10.77 Cr
Non-institutional (bids up to ₹10 lakh)4.97%₹5.38 Cr
Employee reservation0.69%₹0.75 Cr

Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.

Questions people ask

One lot is 200 shares. The price band is ₹70.00 to ₹75.00, and the block is calculated at the top of it, ₹75.00. That comes to ₹15,000.00 held in your bank account until the allotment is finalised. If you are not allotted, the block is released and the money never leaves your account.

Bidding runs from 30 September 2026 to 5 October 2026. Applications can be revised or withdrawn while bidding is open. Once it closes, the registrar finalises the basis of allotment the next working day and shares are credited the day after.

The last recorded total is 2.26x. That figure is a snapshot refreshed every 30 minutes, so it can lag the exchange during a bidding day. A multiple above 1.00x means bids exceeded the shares offered.

The most recent recorded premium is ₹1.00 per share, against ₹9.00 when recording began on 28 September 2026. The movement across those days says more than either number on its own.

Retail applications run from 1 lot to 13 lots. The retail category caps an application at ₹2,00,000, so the upper limit is whichever comes first: the lot ceiling or the value ceiling.

The registrar for this issue is Bigshare Services Pvt.Ltd.. Allotment is published on its site, where you enter your PAN or application number. The registrar also handles the refund of blocked funds and the credit of shares to your Demat account.

Sources