Nityas Gems & Jewellery IPO
Nityas Gems & Jewellery IPO is a mainboard IPO raising ₹108 Cr at ₹70 – ₹75 a share. It listed on 8 Oct 2026 at ₹80, +6.7% against its issue price of ₹75, and trades at ₹69 today (−7.7% since issue). It was subscribed 2.25× in total.
2.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs75 + OFS by subtraction from exchange total Rs108 Cr. Checked: exchange issue size Rs108 Cr vs derived Rs108.4 Cr (0.4% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 2% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Golkunda Diamonds & Jewellery Limited | 16.93× | 19.78% | ₹16.97 |
| Goldiam International Limited | 26.99× | 16.96% | ₹10.97 |
| Renaissance Global Limited | 12.17× | 5.73% | ₹7.63 |
| This issue | 17.2× | 70.17% | ₹4.37 |
derived: cut-off price Rs75 / stated EPS Rs4.37 (FY2025 diluted EPS (Basic and Diluted both stated as ₹4.37), restated consolidated, adjusted for share split and 10:1 bonus issue). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.