Nityas Gems and Jewellery Limited files Draft Red Herring Prospectus for initial public offering of up to 14,456,000 equity shares to raise capital for working capital requirements and general corporate purposes.
Company designs, manufactures and sells lab-grown diamond studded gold jewellery through integrated B2B manufacturing and D2C retail operations with 28,000+ designs and 360 kg annual manufacturing capacity.
Financial performance shows rapid growth with revenue increasing from ₹116.68 million in Fiscal 2023 to ₹968.45 million in Fiscal 2025, and net profit rising from ₹2.45 million to ₹97.88 million over same period.
Offer structure includes fresh issue with ₹700 million allocated for working capital, price band to be determined, and listing approvals received from BSE and NSE with SEBI observation pending.