IPO Announcement and Offering Details

Nityas Gems and Jewellery Limited, a designer, manufacturer and seller of lab‑grown diamond‑studded gold jewellery in India, announced that its Initial Public Offering will open on Wednesday, 30 September 2026. The issue consists of up to 14,456,000 equity shares, each having a face value of ₹5. The price band is set at ₹70 to ₹75 per share, with a lot size of 200 shares. At the upper price band, the total IPO size equals ₹108.42 crore.

The allocation policy stipulates that net Qualified Institutional Buyers (QIB) may receive not more than 50% of the issue, Non‑Institutional Investors (NII) must receive at least 15%, and Retail Individual Investors (RII) must receive at least 35% of the issue. The net proceeds are earmarked for funding working‑capital requirements and general corporate purposes.

Anchor bidding is scheduled for Tuesday, 29 September 2026; the issue will open on 30 September 2026 and close on Monday, 5 October 2026. Choice Capital Advisors Private Limited acts as the Book‑Running Lead Manager, while Bigshare Services Private Limited is appointed as the Registrar to the Issue.

Management Commentary

Mr. Rajnikant Lallubhai Chanchad, Chairman and Managing Director of Nityas Gems and Jewellery Limited, stated that the proposed IPO marks an important milestone, highlighting the company’s integrated B2B manufacturing and distribution platform together with its D2C omnichannel retail model. He added that the net proceeds will support scaling operations, expanding the customer base, strengthening design‑led manufacturing capabilities and deepening channel presence.

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited, noted that the company reported FY 2026 revenue from operations of ₹2,028.94 million, EBITDA of ₹309.74 million (EBITDA margin 15.27%) and profit after tax of ₹223.15 million (PAT margin 11.00%). He reiterated that the fresh issue is primarily intended to meet working‑capital needs and further enhance manufacturing capabilities.

Business Overview

Nityas Gems and Jewellery Limited operates an integrated business model that includes B2B manufacturing and distribution to organised retailers, standalone retailers and wholesalers, as well as D2C omnichannel retail through its wholly‑owned subsidiary, Ayaani Diamonds and Jewellery Private Limited. The product portfolio spans rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks and bangles, with a strategic focus on lightweight and affordable lab‑grown diamond‑studded gold jewellery.

During FY 2026, the company served 323 B2B customers across 18 states and two union territories in India, and also supplied overseas customers in the United Arab Emirates, Australia, Canada, Taiwan and Kenya. Ayaani operates an online storefront and ten physical retail stores across eight Indian cities, comprising seven company‑operated and three franchise‑operated outlets.

The manufacturing facility located in Surat, Gujarat occupies approximately 7,000 sq ft and has an installed production capacity of about 360 kg per annum. In‑house design capabilities, supported by CAD/CAM‑enabled tools, have generated a design portfolio of over 32,000 jewellery designs as of 31 August 2026.

Disclaimer

The release contains forward‑looking statements that are subject to risks and uncertainties, including government actions, political or economic developments, and technological risks. The company does not undertake any obligation to update these statements.

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