case₹2.7 Crpage 440
Direct tax demand of ₹26,830,560 (₹2.683 crore) against the Company for Assessment Year 2023 (sole outstanding tax proceeding)
ListedMainboardDiamond & JewelleryNITYAS
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.
₹75
Issue price
₹69
Price now
−7.7%
Since issue price
8 Oct 2026
Listed on
2.25×Subscribed (final) · all exchanges
2.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What’s in court
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹2.7 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 1 | 0 | ₹2.7 Cr |
| Promoters | 0 | 0 | 0 | — |
| Directors | 0 | 0 | 0 | — |
| Subsidiaries | 1 | 0 | 0 | ₹0.1 Cr |
case₹0.1 Crpage 441
Subsidiary filed FIR No. 0192 (Sep 2, 2025) at Sardarpura Police Station, Jodhpur, against Jodhpur store manager Anurag Singh and 5 staff under Sections 316(2), 318(4), 61(2) Bharatiya Nyaya Sanhita for alleged criminal breach of trust, cheating and conspiracy to misappropriate 16 gold items
Amounts converted from ₹ million to ₹ crore (1 crore = 10 million). The only explicitly stated aggregate is the Company's tax exposure of ₹26.83 million (₹2.683 crore). The subsidiary FIR involves ₹1,330,743 (~₹0.133 crore) of stolen gold inventory but is a proceeding filed BY the subsidiary, not against it; included under subsidiaries bucket for completeness. No proceedings reported against Promoters, Directors (other than Promoters), KMP/Senior Management, or any Group Company. No grand total of litigation amount is stated in the section. Creditor table (₹103.40 million total trade payables, 1 material MSME creditor of ₹83.29 million) is not litigation and excluded.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
Source documents
What the issuer and the exchanges published. Everything else on this tab is read out of these.
Prospectus on SEBI ↗
The full prospectus — business, financials, risk factors and litigation.
Bidding centres ↗
Where physical applications could be submitted.
Basis of issue price (peer ratios) ↗
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
Red Herring Prospectus ↗
The full prospectus — business, financials, risk factors and litigation.