Nityas Gems and Jewellery to Open Mainboard IPO on September 30; Price Band Set at ₹70-75

Nityas Gems and Jewellery will begin the subscription of its initial public offer (IPO) on September 30, as the Gujarat-based jeweler looks to collect ₹108.42 crore from the public issuance. 

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The price range for the shares has been fixed at ₹70-75 each. The entire issue of Nityas will comprise only of a fresh issuance of 1.44 crore equity shares and no offer-for-sale. 

Anchor investors will be invited from September 29, which is a day prior to starting of public subscriptions. Bids will remain open till October 5. 

Nityas will be finalizing the allotment of shares by October 6, whereas the listing of its shares is expected on October 8. 

IPO values company at ₹432 crore 

At the higher end of the ₹70-75 price range, Nityas Gems and Jewellery is looking at being valued at ₹432 crore. 

The company had filed its prospectus in March 2026 and was granted SEBI’s clearance in July. 

Out of the funds raised from the fresh issue, ₹70 crore from the net proceeds will be utilized for the working capital needs of the company. The rest of the funds will be used for general corporate purposes. 

Choice Capital Advisors is the book running lead manager for the IPO. 

Nityas operates across B2B and consumer jewellery segments 

Nityas Gems & Jewellery produces diamond-embedded gold jewellery and follows the B2B route to market its products to retailers and wholesalers. 

In addition, it has a consumer-oriented presence via Ayaani Diamonds and Jewellery, its subsidiary, which runs an omnichannel retail business. 

Profit more than doubles in FY26 

Nityas Gems and Jewellery reported a sharp rise in both revenue and profit in the financial year ended March 2026. 

Its profit increased to ₹22.8 crore from ₹9.8 crore in the previous financial year, more than doubling during the period. 

Revenue also more than doubled, reaching ₹202.9 crore in FY26 compared with ₹96.8 crore a year earlier. 

With the anchor book scheduled to open on September 29, the company’s ₹108.42-crore mainboard IPO will enter the public subscription phase the following day and remain open until October 5.