The Nityas Gems IPO lists on the NSE and BSE on 8 October 2026, three days after the ₹108.35 crore issue closed. The issue price is ₹75. The last grey market premium on our tracker is ₹1, or 1.33%, and the book closed at 2.25x.
What the grey market is saying
The grey market premium, or GMP, is an unofficial price dealers quote for a share before it lists. It is not an exchange price. A ₹1 premium points to a listing around ₹76, against the issue price of ₹75.
The quote has slid all week. It was ₹3 on 2 and 3 October, ₹2 on 4 October and ₹1 on 5, 6 and 7 October. The premium has narrowed with each update since subscription opened.
| Date | GMP | As % of ₹75 |
|---|---|---|
| 2 October | ₹3 | 4.00% |
| 3 October | ₹3 | 4.00% |
| 4 October | ₹2 | 2.67% |
| 5 October | ₹1 | 1.33% |
| 6 October | ₹1 | 1.33% |
| 7 October | ₹1 | 1.33% |
Treat it with care. On the last 10 mainboard listings, the final GMP was off by 10.68 percentage points on average. It overstated the listing gain six times and understated it four times. You can see every quote on the Nityas Gems IPO GMP page.
How the subscription stacked up
| Category | Subscribed |
|---|---|
| QIB (institutions) | 1.06x |
| NII, all | 2.05x |
| bNII (above ₹10 lakh) | 1.56x |
| sNII (₹2 lakh to ₹10 lakh) | 3.02x |
| Retail | 4.04x |
| Employee | 2.82x |
| Total | 2.25x |
Retail was the strongest category. Institutions barely covered their quota. At 2.25x it is the 78th most subscribed of 99 mainboard IPOs that have closed this year, where the median is 24.96x.
The numbers behind the issue
The issue is all fresh shares, with no offer for sale. Of the money raised, ₹70 crore is for working capital. The company makes lab-grown diamond studded gold jewellery for other brands and sells directly through its Ayaani label. Total income was ₹203.33 crore in FY2026, up from ₹96.85 crore a year earlier, and profit after tax was ₹22.32 crore.
One lot is 200 shares, so the minimum application at ₹75 was ₹15,000. Bigshare Services is the registrar.
What happens next
Allotment was finalised on 6 October. Refunds and demat credit are due on 7 October. Shares are scheduled to start trading on 8 October. For context, 65 of the 98 mainboard IPOs listed in 2026 opened above their issue price, with a median listing gain of 7.04%. Past debuts are on our IPO performance page. Our earlier note on the allotment status and the 2.25x close has the registrar steps.
