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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding working capital requirements
Allocation of proceeds to support working capital needs for raw material procurement and business expansion.
General corporate purposes
Balance of net proceeds allocated toward general corporate activities and issue related management costs.
(₹ in Crore)
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Established in Surat, Gujarat, Nityas Gems & Jewellery Limited is an integrated jewellery design, manufacturing, and distribution company specializing in 14k and 18k gold jewellery studded with lab-grown diamonds. The company manufactures a wide array of fine jewellery pieces, including rings, earrings, pendants, bracelets, necklaces, and mangalsutras. It operates a dual-route commercial framework that balances institutional wholesale distribution with consumer-facing retail operations across domestic markets. Through its business-to-business (B2B) arm, the company acts as a primary supplier to major organized digital jewellery platforms, regional wholesale networks, and independent retail jewellers throughout India, supplying clients such as GIVA, Palmonas, ONYA, and Ladia Diamonds. Complementing its B2B outreach, the enterprise runs a direct-to-consumer (D2C) division through its subsidiary, Ayaani Diamonds and Jewellery Private Limited, utilizing an omnichannel strategy that integrates physical retail outlets with proprietary digital storefronts. The business maintains dedicated manufacturing and design operations in Surat, employing modern precision crafting and setting technologies for lab-grown gemstone ornaments. Driven by growing consumer adoption of lab-grown diamonds in India, the enterprise focuses on expanding its raw material inventory, enhancing product lines, and strengthening its distribution network across key regional markets.
Nityas Gems & Jewellery Limited completed its anchor investor bidding on September 29, 2026, raising equity capital from institutional investors ahead of its public issue. The company allocated 43,06,800 equity shares to anchor participants at the upper price band of Rs 75 per share, representing approximately 29.79 percent of the total issue size (and 60 percent of the QIB portion). Half of the anchor allocation is subject to a 30-day lock-in period ending November 5, 2026, while the remaining 50 percent is locked in for 90 days ending January 4, 2027.
Source: RHP • Analysis provided for informational purposes
Last Updated: 6 October 2026, 5:00 PM
Integrated Dual Channel Business Model
The firm operates across wholesale B2B supply to established national brands and an omnichannel D2C retail setup, capturing growth in lab-grown diamond jewellery.
Strong Financial Performance and Margin Growth
Nityas Gems has recorded rapid revenue growth from Rs 53.66 crore in FY24 to Rs 203.33 crore in FY26, alongside steady expansion in net profits.
Key Partnerships with Organized Retail Brands
The enterprise supplies custom lab-grown diamond ornaments to leading online and offline retail partners, building predictable wholesale demand.
High Working Capital Requirements
Operations demand substantial ongoing working capital to finance gold and lab-grown diamond inventory and receivables, which could impact liquidity.
Customer Concentration Risk
A major portion of revenues is derived from a limited set of key B2B clients, making financial performance sensitive to changes in client demand or contract terms.
Input Commodity Price Volatility
Fluctuations in raw material costs for gold and lab-grown diamonds may squeeze profit margins if cost increases cannot be passed on promptly to buyers.
Nityas Gems & Jewellery Limited
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 - 395 008, Gujarat, India
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