Nityas Gems and Jewellery Shares List at 9.33% Premium on BSE
- 8th October 2026
- 10:00 AM
- 4 min read
Mumbai | 8 October 2026
Nityas Gems and Jewellery, a Gujarat-based jewellery maker, made a positive stock market debut on 8 October 2026. Its shares listed at ₹82 on BSE, a 9.33% premium over the IPO price of ₹75. After listing, the company’s market capitalisation stood at around ₹472.26 crore.
How Did Nityas Gems Shares Perform on Listing Day?
The stock listed above its IPO price on both exchanges. As of 11:21 am, it traded at ₹83.80 on BSE, up 11.73% over the IPO price. On NSE, it traded at ₹83.95, up 11.93%.
| Metric | BSE | NSE |
| Listing price | ₹82 | ₹80 |
| Listing premium | 9.33% | 6.67% |
| Gain over IPO price | 11.73% | 11.93% |
| Day high | ₹86.09 | ₹84.00 |
| Day low | ₹77.91 | ₹77.00 |
| Volume | 9,51,896 | 68,43,063 |
The listing came in above the grey market premium (GMP) of ₹1 per share recorded on 8 October.
The GMP is an unofficial indicator of demand for shares before they list. Stock exchanges do not regulate it, and the actual listing price can differ from it.
How Much Was the Nityas Gems IPO Subscribed?
The IPO received bids for 3,27,12,800 shares against 1,44,56,000 shares on offer, taking the overall subscription to 2.26x. Retail investors led demand and subscribed their portion 4.07x. The issue drew 87,398 applications in total. Employees could bid at a discount of ₹7 per share to the IPO price.
| Investor category | Subscription |
| Retail investors | 4.07x |
| Employees | 2.82x |
| Non-institutional investors (NIIs) | 2.05x |
| Qualified institutional buyers (QIBs) | 1.06x |
| Overall | 2.26x |
What Does Nityas Gems and Jewellery Do?
Incorporated in April 2022, the company designs and manufactures lab-grown diamond-studded gold jewellery at its facility in Surat. It mainly follows a business-to-business (B2B) model, which means its customers are other businesses. It supplies organised and standalone retailers, as well as wholesalers, across multiple states. It also supplies customers in the United Arab Emirates (UAE), Australia, Canada, Taiwan and Kenya.
In July 2025, the company acquired Ayaani Diamonds and Jewellery Private Limited. Ayaani is a direct-to-consumer jewellery brand that sells online and through 10 stores across eight cities.
How Has Nityas Gems Performed Financially?
The company’s total income rose 110% in the financial year ended 31 March 2026 (FY26), compared with the previous year. Its profit after tax (PAT) rose 128% over the same period. The table below shows its restated consolidated results for the last three financial years.
| Metric (₹ crore) | FY26 | FY25 | FY24 |
| Total income | 203.33 | 96.85 | 53.66 |
| PAT | 22.32 | 9.79 | 4.02 |
| Net worth | 79.43 | 22.57 | 5.33 |
| Total borrowing | 9.08 | 7.11 | 3.26 |
| Total assets | 116.42 | 39.87 | 11.75 |
What Were the Key Details of the Nityas Gems IPO?
The Nityas Gems and Jewellery IPO was open for subscription from 30 September to 5 October 2026. It was a book-built issue of 1.44 crore fresh shares, with no offer for sale (OFS) component. Retail investors needed ₹15,000 for one lot of 200 shares at the upper end of the price band.
| Detail | Information |
| IPO dates | 30 September to 5 October 2026 |
| Allotment date | 6 October 2026 |
| Credit of shares | 7 October 2026 |
| Listing date | 8 October 2026 |
| Price band | ₹70 to ₹75 per share |
| IPO price | ₹75 per share |
| Face value | ₹5 per share |
| Lot size | 200 shares |
| Minimum retail investment | ₹15,000 |
| Issue size | ₹108.35 crore |
| Issue type | Fresh issue of 1.44 crore shares |
| Promoters | Rajnikant Lallubhai Chanchad, Sonalben Rajnikant Chanchad and Savaliya Dhruv Janakbhai |
| Promoter holding | 58.1% before IPO, 43.51% after IPO |
| Book-running lead manager | Choice Capital Advisors |
| Registrar | Bigshare Services Private Limited |
Outlook
Of the ₹108.35 crore raised, the company plans to use ₹70 crore for working capital requirements and ₹21.47 crore for general corporate purposes. Issue expenses account for the remaining ₹16.88 crore.
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