Nityas Gems IPO
Nityas Gems IPO Listing Day Performance
Nityas Gems listed on BSE & NSE on 08 October 2026 at ₹82.00, a 9.33% premium over the issue price of ₹75. A retail investor allotted one lot of 200 shares gained ₹1,400 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹1 (+1.3%) |
| GMP-implied listing | ₹76 |
| Actual listing | ₹82.00 |
| Difference | +₹6 (+7.9%) |
Demand going into listing
| Subscribed overall | 2.25× |
| QIB | 1.06× |
| NII | 2.05× |
| Retail | 4.04× |
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 | Final |
|---|---|---|---|---|
| QIB | 0.00x | 0.38x | 0.38x | 1.06x |
| NII | 0.11x | 0.27x | 0.27x | 2.05x |
| bNII > ₹10L | 0.06x | 0.16x | 0.16x | 1.56x |
| sNII 2-10L | 0.21x | 0.49x | 0.49x | 3.02x |
| Retail | 0.52x | 1.31x | 1.31x | 4.04x |
| Employee | 0.53x | 0.95x | 0.95x | 2.82x |
| Total | 0.20x | 0.69x | 0.69x | 2.25x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 11.67 | 53.66 | 96.85 | 203.33 |
| Expense | 11.36 | 48.73 | 84.95 | 176.40 |
| Profit (PAT) | 0.25 | 4.02 | 9.79 | 22.32 |
| Total Assets | 6.08 | 11.75 | 39.87 | 116.42 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Nityas Gems This IPO | 3.87 | 19.38 | 43.75 | 15.13 | - |
| Golkunda Diamonds & JewelleryLimited | 19.66 | 16.61 | 18.81 | 115.22 | 281.50 Cr |
| Goldiam International Limited | 15.11 | 21.69 | 18.38 | 97.95 | 976.86 Cr |
| Renaissance Global Limited | 8.40 | 18.63 | 6.09 | 140.62 | 2,813.03 Cr |
Promoters & Holding Pattern
Promoters: Rajnikant Lallubhai Chanchad, Sonalben Rajnikant Chanchad and Savaliya Dhruv Janakbhai
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 2,50,61,520 | 58.10% |
| Promoter Holding Post Issue | 2,50,61,520 | 43.51% |
Strengths & Risks
- Revenue grew 110% in the latest reported year.
- Solid profit margin — 11.0%.
- Strong return on equity — 44%.
- Low leverage — debt/equity of 0.29.
- Promoter stake drops to 44% after the issue.
From this issue's live data. Not investment advice — read the RHP.
Company Information
Nityas Gems at a glance
From the company's description: “Nityas Gems and Jewellery Limited is one of the leading companies in terms of diamond-studded gold jewellery.”
Nityas Gems is raising ₹108 crore through an IPO on the BSE and NSE mainboard. All of it is a fresh issue: there is no offer for sale, so every rupee raised goes to the company rather than to selling shareholders. Main stated uses of the fresh money: Funding Working Capital requirements of the Company (₹70 crore).
Revenue went from ₹11.67 crore in 2023 to ₹203 crore in 2026, up 1642% over 3 years. Profit after tax went from ₹0.25 crore to ₹22.32 crore, a net margin of 11% in the latest year.
The promoters, Rajnikant Lallubhai Chanchad and Sonalben Rajnikant Chanchad and Savaliya Dhruv Janakbhai, hold 58% before the issue and 44% after it — a dilution of 14.6 percentage points. At the upper end of the price band it is priced at 19.4 times post-issue earnings, against a median of 18.6 for the 3 listed peers named in its offer document — close to that median. Debt stands at 0.29 times equity.
Written from the issue's offer-document figures shown on this page. Not investment advice.
Company Contact Information
Nityas Gems & Jewellery Ltd., Sector-1, 6th & 7th Floor, Ratih House SY-376,, TPS 4, PI-7, Paiki Part-B, Parshottam Farm Compound, Opp. Podar Arcade, Varachha Road, A. K. Road, Surat, Gujarat, 395008
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding Working Capital requirements of the Company | 70.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Nityas Gems IPO - Quick Take
Nityas Gems has set a price band of Rs 70–Rs 75 per share for an issue size of Rs 108 crore. The stock listed with a 9.33% gain versus its issue price on October 08, 2026.
The issue is promoted by Rajnikant Lallubhai Chanchad, Sonalben Rajnikant Chanchad and Savaliya Dhruv Janakbhai with Choice Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards funding Working Capital requirements of the Company (Rs 70 crore) and general Corporate Purpose.
At the upper end of the price band, the issue is priced at a post-issue P/E of 19.38x. On fundamentals, the company is posting revenue growth of 109.9%, a profit margin of 11.0%, return on equity of 43.8% in its most recent reported period. Listed peers in this segment include Golkunda Diamonds & JewelleryLimited (P/E 16.61x) and Goldiam International Limited (P/E 21.69x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Nityas Gems IPO: Lead Manager & Registrar Track Record
How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Nityas Gems itself, so they describe what came before it.
- Nityas Gems listed at +9.3% on day one; the median of 113 listings was +6.7% (better than 58% of them).
- Subscribed 2.25x against a median of 20.56x across 111 issues (higher than 20%).
- Average listing-day move across all 114 Mainboard listings we track: +13.6%.
| Firm | Other IPOs | Listed at / above issue | Avg move | Median |
|---|---|---|---|---|
| Choice Capital Advisors Pvt.Ltd. Lead manager | 6 3 MB · 3 SME | 83% 5 of 6 | +18.4% | +8.6% |
| Bigshare Services Pvt.Ltd. Registrar | 61 18 MB · 43 SME | 67% 41 of 61 | Check allotment → | |
Recent listings managed by Choice Capital Advisors Pvt.Ltd. (5)
Best: Adroit Industries +75.4% · Weakest: Genxai Analytics −20%
| IPO | Listed | Listing-day move |
|---|---|---|
| SRIT India | 06 Oct 2026 | +7.5% |
| Adroit Industries | 30 Sep 2026 | +75.4% |
| Sonaselection India | 24 Sep 2026 | +3.3% |
| Maharaja & Speedex India | 18 Sep 2026 | +34.4% |
| Sotefin Bharat | 23 Jul 2026 | +9.6% |
A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.
Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.
Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.
Frequently Asked Questions
Nityas Gems IPO GMP — What It Means
Its last GMP before listing was 1.3%. Of the 40 Mainboard IPOs we have tracked with a final GMP under 10%, 27 listed above, 6 flat and 7 below the issue price; Nityas Gems listed 9.3% above its issue price.
See the full Nityas Gems GMP history and trend, or learn how grey market premium works and how reliable it is.
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