Nityas Gems IPO opens Sept. 30; grey-market premium signals 12% listing upside
The Rs 108.35 crore IPO closes Oct. 5, with listing scheduled for Oct. 8. Nityas Gems’ unofficial grey-market premium was Rs 9 as of 3:30 p.m. on Sept. 29, implying about 12% over the Rs 75 upper price band; GMP is not a guaranteed listing return.
The development
Nityas Gems & Jewellery opens its Rs 108.35 crore IPO on Sept. 30, 2026, with bidding closing Oct. 5. Its unofficial GMP was Rs 9 as of 3:30 p.m. on Sept. 29, implying a 12% estimated listing premium, which is not guaranteed.
The numbers
- Rs 108.35 crore
- Sept. 30
- Oct. 5, 2026
- 12%
- Rs 9
- 3:30 p.m. on Sept. 29
- Rs 75
- Rs 84
- 1.45 crore shares
- Rs 70 and Rs 75 per share
- 200 shares
- Rs 15,000
- Oct. 6
- Oct. 7
- Oct. 8
- Rs 70 crore
- 110%
- Rs 203.33 crore
- Rs 96.85 crore
- 128%
- Rs 22.32 crore
- Rs 9.79 crore
- Rs 30.97 crore
- Rs 12.90 crore
- April 2022
Why it matters to operators and investors
Nityas Gems’ Rs 108.35 crore IPO may offer a read on investor appetite for jewellery retailers, with subscription closing Oct. 5 and listing scheduled for Oct. 8.
What to watch next
- Day-wise subscription figures and any sharp change in demand across investor categories
- GMP trend and whether it persists close to allotment and listing
- Broader market moves and sentiment toward small-cap IPOs
- Final allotment, listing-day trading volume, and price relative to the Rs 75 upper band
- Company disclosures on use of IPO proceeds, margins, inventory, and working capital
- Treat the GMP as a sentiment indicator, not a forecast or guaranteed return.
- Track subscription levels by investor category through the Oct. 5 close; retail demand alone may not confirm durable institutional conviction.
- Assess the issue price and valuation against Nityas Gems’ financials, working-capital needs, and listed peers before drawing conclusions from a prospective listing gain.
- Watch post-listing liquidity and selling pressure, especially if the debut opens at a material premium.
The counter-case
The 12% figure rests on an unofficial, potentially thin and volatile grey market, not a reliable forecast of listing performance. The premium could disappear before listing, and it says little about the company’s valuation or longer-term prospects.