Nityas Gems & Jewellery shares opened at ₹80 on the NSE on 8 October 2026, 6.67% above the issue price of ₹75. The ₹108.35 crore Nityas Gems IPO listing came three days after the book closed at 2.25x.
How the open compares with the grey market
The last grey market quote of ₹1 pointed to a listing near ₹76, and the stock opened ₹4 above that. The last grey market premium was ₹1 (1.33%), which pointed to ₹76. The open came in ₹4 above that mark. GMP is an unofficial dealer quote, not an exchange price.
The premium had narrowed all week: ₹3 on 2 and 3 October, ₹2 on 4 October and ₹1 from 5 to 7 October. You can check every quote on the Nityas Gems IPO GMP page.
What it meant for one lot
One lot is 200 shares. At the open price it is worth ₹16,000, so the paper result on one lot at the open was a gain of ₹1,000.
The subscription recap
| 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 |
That ranks 78th of 99 mainboard IPOs that have closed in 2026, where the median is 24.96x. Retail demand was the strongest, at 4.04x.
How recent listings did
In 2026, 65 of the 98 mainboard IPOs opened above their issue price, with a median listing gain of 7.04%. On the last 10 listings, the final GMP was off by 10.68 percentage points on average. It overstated the gain six times and understated it four times. Past debuts are on our IPO performance page.
About the company
Nityas Gems & Jewellery makes lab-grown diamond studded gold jewellery for brands such as GIVA and Palmonas, and sells directly through its Ayaani label. Total income was ₹203.33 crore in FY2026, up from ₹96.85 crore, with profit after tax of ₹22.32 crore. The issue was all fresh shares, and ₹70 crore of it goes to working capital.
How the issue was priced
The upper band of ₹75 valued the company at about ₹431.95 crore after the issue, or 19.38 times post-issue earnings. Promoter holding falls from 58.1% to 43.51% after the fresh issue. Net worth rose from ₹22.57 crore to ₹79.43 crore in one year, and a part of that came from capital raised rather than profit.
What happens next
Shares trade on both the NSE and BSE from 8 October 2026. Refunds and demat credit were due on 7 October. Bigshare Services was the registrar. Our earlier note on the allotment has the details.
