Lab-grown diamonds are changing the conversation around diamond jewellery, and now a jewellery company built around this segment is heading to the stock market. Nityas Gems and Jewellery Limited is set to open its Initial Public Offering (IPO) on September 30, 2026, giving investors an opportunity to look more closely at a business operating at the intersection of traditional jewellery and newer diamond technology.
The company designs, manufactures and sells gold jewellery studded with lab-grown diamonds. Its IPO will remain open until October 5, with anchor investor bidding scheduled for September 29.
Nityas Gems has fixed the IPO price band at ₹70 to ₹75 per equity share. The lot size is 200 shares, meaning a retail investor applying at the upper end of the price band would need ₹15,000 for one lot, before applicable charges.
The issue consists of 14,456,000 equity shares and could raise around ₹108.42 crore at the upper end of the price band. The company plans to list its shares on both the NSE and BSE.
So, where will the money go?
According to the company, a significant portion of the proceeds will be used to meet its working capital requirements. The remaining funds will be used for general corporate purposes. The company says the capital will also support business expansion and strengthen its manufacturing capabilities.
For investors trying to understand the business, its financial performance provides another important piece of the picture. In FY2026, Nityas Gems reported revenue of ₹202.89 crore, EBITDA of ₹30.97 crore and net profit of ₹22.32 crore.
The company operates in a jewellery market where consumer preferences and production technologies are evolving. Lab-grown diamonds are created using technological processes that replicate the conditions under which diamonds naturally form. They have the same basic chemical composition and crystal structure as natural diamonds, although their origin is different.
This distinction is important because the lab-grown diamond segment is not simply another jewellery trend. It represents a different way of producing a diamond that can be incorporated into jewellery products.
For Nityas Gems, the IPO comes as it seeks capital for its next phase of growth. Whether that translates into larger manufacturing capacity, increased working capital or broader business operations will depend on how effectively the company deploys the funds.
The IPO also has a defined allocation structure. Up to 50% of the issue is reserved for Qualified Institutional Buyers, while Non-Institutional Investors have a minimum allocation of 15% and retail investors have a minimum allocation of 35%.
The Nityas Gems IPO therefore offers more than another jewellery listing to watch. It also provides a glimpse into how India’s jewellery businesses are responding to the emergence of lab-grown diamonds and changing consumer preferences.
The IPO will be managed by Choice Capital Advisors Private Limited, while Bigshare Services Private Limited will act as the registrar.
For prospective investors, however, the IPO dates and financial numbers are only the starting point. The company’s future performance will ultimately depend on demand for its products, its ability to use the new capital efficiently, competition in the jewellery market and how the lab-grown diamond segment develops over time.
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