Nityas Gems & Jewellery Shares List at ₹80 on NSE and ₹82 on BSE, Up to 9.33% Premium

Nityas Gems & Jewellery shares made their stock market debut on October 8, 2026, listing at ₹80 per share on NSE and ₹82 per share on BSE, compared with the IPO issue price of ₹75 per share. This represented listing premiums of 6.67% on NSE and 9.33% on BSE.

The listing followed the company's IPO, which was open from September 30 to October 5, 2026. The ₹108.35 crore issue comprised entirely a fresh issue of 1.45 crore equity shares, with a price band of ₹70 to ₹75 per share.

Nityas Gems & Jewellery operates in the jewellery manufacturing and distribution sector, specialising in lab-grown diamond-studded gold jewellery. Its product portfolio includes rings, earrings, pendants, bracelets, necklaces and bangles, serving wholesale customers and consumers through its jewellery business.

Nityas Gems & Jewellery IPO Listing Details

The IPO was a ₹108.35 crore book-built issue comprising entirely a fresh issue of 1,44,56,000 equity shares. There was no offer-for-sale component.

The issue received an overall subscription of 2.26 times. Individual Investors subscribed 4.07 times, while NIIs recorded 2.05 times subscription. The QIB category, excluding anchor investors, was subscribed 1.06 times, and the employee portion recorded subscription of 2.82 times.

- Issue Price: ₹75 per share
- NSE Listing Price: ₹80 per share
- BSE Listing Price: ₹82 per share
- NSE Listing Premium: 6.67%
- BSE Listing Premium: 9.33%
- Change From Issue Price at Listing: +6.67% on NSE; +9.33% on BSE
- Overall Subscription: 2.26 times
- Fresh Issue: ₹108.35 crore
- Offer for Sale: Nil
- Price Band: ₹70 to ₹75 per share
- IPO Open Date: September 30, 2026
- IPO Close Date: October 5, 2026
- Listing Date: October 8, 2026
- Exchange: NSE and BSE

First-Day Trading Performance

Listing Price: Nityas Gems & Jewellery share price listed at ₹80 on NSE and ₹82 on BSE against the ₹75 issue price, translating into premiums of 6.67% and 9.33%, respectively.

Post-listing Price: At the opening, shares traded ₹5 above the issue price on NSE and ₹7 above the issue price on BSE. A subsequent trading-price snapshot was not provided in the listing report.

Subscription Context: The IPO received 2.26 times overall subscription, with Individual Investors leading at 4.07 times, followed by NIIs at 2.05 times and QIBs at 1.06 times. The employee portion was subscribed 2.82 times.
The final subscription data showed bids for 3,27,12,800 shares against 1,44,56,000 shares offered. The issue received 87,398 applications in total.

Growth Drivers and Challenges

Growth Drivers

Lab-Grown Diamond Jewellery: Nityas Gems & Jewellery operates in the lab-grown diamond-studded jewellery segment, offering products across multiple jewellery categories.

Product Portfolio: The company's range includes rings, earrings, pendants, bracelets, necklaces and bangles, providing exposure to different jewellery product segments.

Distribution Network: The company serves business customers across multiple Indian markets and also participates in direct-to-consumer jewellery sales.

Direct-to-Consumer Business: The company's Ayaani Diamonds and Jewellery brand provides an additional retail channel alongside its wholesale jewellery operations.

Financial Performance: FY26 total income increased to ₹203.33 crore from ₹96.85 crore in FY25, while profit after tax increased to ₹22.32 crore from ₹9.79 crore.

Challenges

Consumer Demand: Jewellery sales are influenced by discretionary consumer spending, changing preferences and seasonal purchasing patterns.

Gold Price Fluctuations: Changes in gold prices can affect raw material costs, inventory requirements and operating margins.

Working Capital Requirements: Jewellery manufacturing and distribution require investment in inventory, raw materials and customer receivables.

Competitive Market: The company competes with organised jewellery retailers, independent manufacturers and other lab-grown diamond jewellery businesses.

Product Pricing: Changes in lab-grown diamond prices and consumer demand may affect product realisations and profitability.

Utilisation of IPO Proceeds

The ₹108.35 crore IPO comprised entirely a fresh issue of equity shares, with no offer-for-sale component.

The issue proceeds are intended for:
- ₹70.00 crore towards funding the company's working capital requirements.
- General corporate purposes.
- Meeting applicable issue-related expenses.

The company also reserved 1,00,000 equity shares for employees, with eligible employees offered a discount of ₹7 per share.

Business and IPO Overview

Nityas Gems & Jewellery manufactures and distributes lab-grown diamond-studded gold jewellery. Its product portfolio includes rings, earrings, pendants, bracelets, necklaces and bangles.

The company serves wholesale jewellery customers and operates in the direct-to-consumer segment through its Ayaani Diamonds and Jewellery brand. Its business is linked to demand for lab-grown diamond jewellery, gold jewellery and related retail products.

The company reported FY26 total income of ₹203.33 crore and profit after tax of ₹22.32 crore, compared with ₹96.85 crore and ₹9.79 crore, respectively, in FY25.

The company's ₹108.35 crore IPO comprised a fresh issue of 1,44,56,000 equity shares and received 2.26 times overall subscription. Individual Investors subscribed 4.07 times, NIIs 2.05 times and QIBs 1.06 times.
Shares listed at ₹80 on NSE and ₹82 on BSE against the ₹75 issue price, representing listing premiums of 6.67% and 9.33%, respectively, on October 8, 2026.