Nityas Gems and Jewellery Files Draft Papers for Working Capital Funding via IPO
Gujarat-Based Nityas Gems Files Draft Red Herring Prospectus for IPO
Nityas Gems and Jewellery, a Gujarat-based diamond studded gold jewellery maker, has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) on March 30 for raising funds through an initial public offering (IPO).
The public issue will comprise a solely fresh issue of 1.44 crore equity shares with no offer-for-sale component. The company operates through two business models: business-to-business (B2B) manufacturing and distribution to retailers and wholesalers, and direct-to-consumer (D2C) omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery.
Nityas Gems plans to spend Rs 70 crore of the IPO proceeds for working capital requirements, and the remaining amount for general corporate purposes. The company competes with listed peers like Golkunda Diamonds & Jewellery, Goldiam International, and Renaissance Global.
In terms of financial performance, Nityas Gems has recorded a profit of Rs 8.5 crore and revenue of Rs 88.5 crore for the six months period ended September 2025. Notably, profit for the fiscal 2025 more than doubled to Rs 9.7 crore from Rs 4 crore in the previous year. Revenue in the same period surged 80.5 percent to Rs 96.8 crore from Rs 53.6 crore.
Choice Capital Advisors has been appointed as the merchant banker for the Nityas Gems and Jewellery IPO.
Investor Takeaway
Nityas Gems and Jewellery plans to raise funds via IPO to meet working capital requirements.
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