# Nityas Gems and Jewellery Limited: IPO analysis > Nityas Gems and Jewellery Limited (CIN U36996GJ2022PLC131404) has filed a Prospectus with SEBI for an IPO comprising a fresh issue of ₹108 Cr, priced at ₹70.00 to ₹75.00 per share. In FY26 it reported revenue of ₹203 Cr (+109.5% on FY25) and a net profit of ₹22 Cr. Promoters hold 43.5% before the IPO. Our fact-check of its claims found no medium or high concerns across 59 claims checked. - Page: https://ipo.innerkore.com/company/U36996GJ2022PLC131404/nityas-gems-and-jewellery-limited/ - CIN: U36996GJ2022PLC131404 - Last updated: 7 Oct 2026 ## Key facts - **Company:** Nityas Gems and Jewellery Limited - **CIN:** U36996GJ2022PLC131404 - **Filing stage:** Prospectus - **Latest SEBI filing:** 7 Oct 2026 - **Fresh issue:** ₹108 Cr - **Price band:** ₹70.00 to ₹75.00 per share - **Final offer price:** ₹75.00 per share - **Bidding opens:** 30 Sep 2026 - **Bidding closes:** 5 Oct 2026 - **Listing on:** BSE, NSE - **Revenue FY26:** ₹203 Cr - **Revenue growth:** +109.5% - **Net profit FY26:** ₹22 Cr - **Revenue CAGR FY24 to FY26:** 94.5% - **Promoter holding (pre-IPO):** 43.5% - **Lead managers:** Choice Capital Advisors Private Limited - **Registrar:** Bigshare Services Private Limited - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Valuation** (looks fine): 19.4x P/E. At the top of the band, on FY26 profit; 5.4x book value. - **Growth** (looks fine): 94.5% a year. Sales FY24 to FY26; latest year +109.5%. - **Profitability** (looks fine): 11% net margin. FY26; operating margin improving. - **Debt** (looks fine): 0.11x equity. ₹9.1 crore borrowed at the end of FY26. - **Profit into cash** (concern): -66% of profit. Operations brought in ₹-14.7 crore against ₹22.3 crore of profit in FY26. - **One-off income** (looks fine): 2% of profit. Other and one-off income is 2% of pre-tax profit. - **Where the money goes** (looks fine): All new money. 100% is new shares issued by the company. - **Red flags** (looks fine): None serious. 59 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 54 | 97 | 203 | | Sales growth | – | 80.5% | 109.5% | | Operating profit | 5.5 | 13 | 31 | | Operating margin | 10.2% | 13.3% | 15.1% | | Net profit | 4.0 | 9.8 | 22 | | Net margin | 7.5% | 10.1% | 11.0% | | Net worth | 5.3 | 23 | 79 | | Borrowings | 3.3 | 7.1 | 9.1 | | Return on equity | 75.5% | 43.4% | 28.1% | ## Use of proceeds (fresh issue) - Funding Working Capital requirements of our Company: ₹70 crore - General corporate purposes*: ₹21 crore ## Fact-checked claims - **NONE** (SubsidiaryPerformance): The registered office of the company was shifted on January 24, 2025, for administrative and operational convenience.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that the registered office of Nityas Gems and Jewellery Limited was shifted on January 24, 2025. - **NONE** (SubsidiaryPerformance): A fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre on July 2, 2025.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that a fresh certificate of incorporation was issued on July 2, 2025. - **NONE** (SubsidiaryPerformance): Real GVA growth in FY26 is estimated at 7.90%, primarily led by manufacturing, Trade, Hotels, Transport, Communication & Services related to Broadcasting, Storage.. No current web search results were found to corroborate, contradict, update, or provide any new information regarding the estimated Real GVA growth for FY26 mentioned in the DRHP. - **NONE** (SubsidiaryPerformance): Real GDP growth in FY26 is expected to be 7.75%, supported by rising rural demand, better job opportunities, and favorable business conditions.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the expected real GDP growth for FY26 mentioned in the claim. - **NONE** (SubsidiaryPerformance): The rainfall during the June–September 2026 monsoon season is projected to be approximately 90% of the Long Period Average (LPA), indicating a below-normal monsoon.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the projected rainfall for the June–September 2026 monsoon season mentioned in the DRHP claim. - **NONE** (SubsidiaryPerformance): Global economic growth is projected to moderate to around 3.00% in 2026.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the projection of global economic growth for 2026. - **NONE** (SubsidiaryPerformance): Nair Ajit Velayudhan has over 33 years of experience in finance and accounting and was previously associated with Bic- Cello (India) Private Limited, Zee Telfilms Limited, Warner-Lambert India Private Limited, A.F. Ferguson and Co. and Verture Infotech Global Private Limited.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claimed professional experience of Nair Ajit Velayudhan. - **NONE** (SubsidiaryPerformance): Anu Ashish Amodia is an Independent Director on the Board of Bhatia Colour Chem Limited and Roongta Entertainment Limited, and is associated with Kiran Industries Private Limited as its Company Secretary.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim about Anu Ashish Amodia's directorships or association with Kiran Industries Private Limited. - **NONE** (SubsidiaryPerformance): Nityas Gems and Jewellery Limited holds 14,10,000 equity shares, representing 50.04% of the issued capital.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Nityas Gems and Jewellery Limited holds 14,10,000 equity shares representing 50.04% of the issued capital. - **NONE** (SubsidiaryPerformance): Indian Bullion and Jewellers Association Limited plays a role in standardizing bullion trade practices and promoting transparency in the industry.. No current web search results were found to corroborate, contradict, or provide any information regarding the role of Indian Bullion and Jewellers Association Limited in standardizing bullion trade practices and promoting transparency in the industry. - **NONE** (LitigationStatus): There are no outstanding criminal litigation instituted by the Key Managerial Personnel and Senior Management.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that there are no outstanding criminal litigation instituted by the Key Managerial Personnel and Senior Management of Nityas Gems and Jewellery Limited. - **NONE** (LitigationStatus): There are no pending actions by regulatory and statutory authorities against the Key Managerial Personnel and Senior Management.. No current web search results were found to corroborate, contradict, update, or provide any information regarding pending regulatory or statutory actions against the Key Managerial Personnel and Senior Management of Nityas Gems and Jewellery Limited. ## Common questions ### How big is the Nityas Gems and Jewellery Limited IPO? Nityas Gems and Jewellery Limited's IPO comprises a fresh issue of ₹108 Cr, according to its Prospectus. The price band was ₹70.00 to ₹75.00 per share and the final offer price was ₹75.00 per share. ### What are Nityas Gems and Jewellery Limited's revenue and profit? Nityas Gems and Jewellery Limited reported revenue from operations of ₹203 Cr in FY26, +109.5% versus FY25. Net profit was ₹22 Cr (FY25: ₹9.8 Cr). Revenue grew at a compound rate of 94.5% a year from FY24 to FY26. Figures are read from the Prospectus, as printed there. ### How much do promoters own in Nityas Gems and Jewellery Limited? Promoters and the promoter group hold 43.5% of Nityas Gems and Jewellery Limited before the IPO. ### How will Nityas Gems and Jewellery Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding Working Capital requirements of our Company (₹70 Cr); General corporate purposes (₹21 Cr). ### What are the red flags in Nityas Gems and Jewellery Limited's Prospectus? We fact-checked 59 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Nityas Gems and Jewellery Limited do? Here’s a detail about Nityas Gems and Jewellery that might surprise you: there is zero documented evidence showing the company has acquired any property in the last three years. That lack of recent asset acquisition is something you need to look into before you invest. ### Who manages the Nityas Gems and Jewellery Limited IPO? Book running lead managers: Choice Capital Advisors Private Limited. Registrar to the offer: Bigshare Services Private Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Nityas Gems and Jewellery Limited IPO documents? All 2 filings for Nityas Gems and Jewellery Limited (RHP, Prospectus) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Nityas Gems and Jewellery Limited - Prospectus](https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791347389451.pdf) (Prospectus, filed 7 Oct 2026) - [Nityas Gems and Jewellery Limited](https://nsearchives.nseindia.com/content/ipo/RHP_NITYAS.zip) (Red Herring Prospectus, filed 29 Sep 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.