Nityas Gems & Jewellery's initial public offering (IPO) is set to close on Monday, October 5, 2026. This IPO involves a fresh issuance of 1.45 crore shares valued at ₹108.35 crore, with no offer for sale (OFS) component. Investors and interested parties are keen to know the subscription status and the allotment date as the company prepares to list on the stock exchanges.
- The IPO is a fresh issuance of 1.45 crore shares worth ₹108.35 crore.
- Subscription as of Day 2 stood at 69%.
- Qualified Institutional Buyers (QIBs) subscribed 38%.
- Non-Institutional Investors subscribed 27%.
- Retail investors subscribed 1.31 times.
- Basis of allotment likely to be finalized on October 5.
- Listing on stock exchanges scheduled for October 8.
What is the subscription status of Nityas Gems & Jewellery IPO?
As of the second day of the IPO, the issue was subscribed to 69%. Investors placed bids for 99,68,000 shares out of the total 1,44,56,000 shares on offer, according to data from the National Stock Exchange (NSE). The Qualified Institutional Buyers (QIBs) portion was subscribed at 38%, while the non-institutional investors' category was booked at 27%. Retail investors showed strong interest, subscribing 1.31 times their allocated portion.
When will the allotment date be announced?
The basis of allotment for the IPO is expected to be finalized on Monday, October 5, 2026. Following this, the company will allocate shares to investors based on the subscription and demand. The allotment process is a crucial step before the shares are officially listed and begin trading on the stock exchanges.
When will Nityas Gems & Jewellery be listed on the stock exchanges?
The company plans to list its shares on the stock exchanges on Thursday, October 8, 2026. This listing will allow investors to trade their shares publicly and provide the company with increased visibility and access to capital markets.
What is the purpose of the IPO and how will the funds be used?
Nityas Gems & Jewellery's IPO is a fresh issuance aimed at raising ₹108.35 crore. The funds raised will be used primarily for working capital needs and general corporate purposes. According to the company's red herring prospectus, listing on the stock exchanges is expected to enhance the corporate image, increase brand visibility, and provide benefits such as improved access to capital markets and increased credibility with stakeholders.
What does Nityas Gems & Jewellery do?
Nityas Gems & Jewellery is a Gujarat-based company that designs, manufactures, and sells lab-grown diamond-studded gold jewellery. The company operates through an integrated business model that includes business-to-business (B2B) manufacturing and distribution, as well as direct-to-consumer omnichannel retail operations. Its retail operations are conducted through its subsidiary, Ayaani Diamonds and Jewellery Pvt Ltd.
This IPO represents a significant step for Nityas Gems & Jewellery as it seeks to expand its operations and strengthen its position in the jewellery market. Investors interested in lab-grown diamond jewellery and the growing market for sustainable luxury goods may find this IPO particularly appealing.
