Nityas Gems & Jewellery IPO ikinci gününde yatırımcı ilgisi sürüyor; GMP ve talep durumu netleşiyor

Kısaca

Olay: Nityas Gems & Jewellery IPO ikinci gününde Rs 108,35 crore büyüklüğünde halka arz ve 1,44 crore pay teklif ediliyor; GMP Rs 5, yüzde 7 artış. Neden şimdi: Perakende talep güçlü, toplam talep ve bölüm bazında ilgi sürüyor; listeleme yaklaşırken spekülasyon oluşuyor. Sonuç ve izlenecek nokta: Listelemenin 8 Ekim olarak öngörülen tarihi ve 6 Ekim’de kesinleşecek tahsisat sonuçları izlenecek; piyasa tepkisi yakından izlenecek.

Ana mesele

Nityas Gems & Jewellery için IPO talep görünümü kuvvetli; gri piyasa primi dikkat çekici

Ne değişti?

Gri piyasa primi Rs 5 (yüzde 7) olarak belirtiliyor; perakende talebi güçlü

Beni nasıl etkiler?

Okuyucuya listeleme süreci ve hisselerin işlem görmeye başlamasıyla ilgili beklentiler aktarılır

Ne oldu?

Halka arz büyüklüğü Rs 108,35 crore; GMP Rs 5 (yüzde 7) üzerinde işlem görüyor.

Neden şimdi?

Kamu konuları ve perakende talebinin güçlenmesiyle talep artmış durumda.

Neden önemli?

Girişim için listeleme başarısı ve hisselerin açılış fiyatı üzerinde etkili olabilir.

Kimler etkileniyor?

• Yatırımcılar
• Perakende yatırımcılar
• Kurumsal yatırımcılar

Sektör ve piyasa etkisi

Piyasa talebindeki güçlilik hisselerin fiyat oluşumunu etkileyebilir

Riskler

• GMP değişkenliği nedeniyle listeleme fiyatı belirsizliği
• İlk gün talep dalgalanması
• NII/QIB tepkileri belirsizliği

Takip edilmesi gerekenler

• 6 Ekim’de tahsisatın nihai olarak açıklanması
• 8 Ekim listeleme tarihi ve sabahki fiyat hareketleri
• GMP değişimleri ve gün içi hareketler

Haberin tamamı

Nityas Gems & Jewellery IPO entered the second day of bidding on Thursday, with the Rs 108.35-crore public issue continuing to attract investor interest. The three-day bidding period will close on October 5. In the grey market, the IPO is currently commanding a premium of Rs 5, or 7%, over the upper end of its price band.On the first day of bidding, the issue was subscribed 20% overall against the 1.44 crore shares offered.

The retail investor portion saw stronger demand, with the category subscribed 52% against the 50.24 lakh shares reserved for retail investors.The Nityas Gems & Jewellery IPO is a book-built issue comprising a fresh issue of 1.45 crore shares aggregating to Rs 108.35 crore. The company has fixed the IPO price band at Rs 70-75 per share. The issue will close on October 5, while the basis of allotment is expected to be finalised on October 6.

The shares are proposed to list on both the NSE and BSE, with October 8 as the tentative listing date.At the upper end of the price band, retail investors will need to invest a minimum of Rs 15,000, based on the lot size of 200 shares.Choice Capital Advisors Pvt Ltd is the book-running lead manager for the issue, while Bigshare Services Pvt Ltd is the registrar.Nityas Gems & Jewellery IPO Subscription StatusOn the first day of bidding, the Nityas Gems & Jewellery IPO was subscribed 20% overall against the 1.44 crore shares on offer.The retail investor portion was subscribed 52% against the 50.24 lakh shares reserved for the category.The Non-Institutional Investors (NII) portion was subscribed 11% against the 21.53 lakh shares on offer.The Qualified Institutional Buyers (QIB) portion received no bids on the first day against the 71.78 lakh shares reserved for the category.Nityas Gems & Jewellery IPO GMP TodayNityas Gems & Jewellery IPO is commanding a grey market premium (GMP) of Rs 5, or 7%, over the upper price band of Rs 75 per share.

At the prevailing GMP, the estimated listing price is around Rs 80 per share.GMP note: The grey market premium is an unofficial indicator and can change frequently depending on market sentiment.

It should not be considered a reliable indicator of the actual listing price or future performance of the shares.Should You Subscribe to Nityas Gems & Jewellery IPO?According to an Anand Rathi research report, the company is valued at 19.4x FY26 P/E and 14.8x FY26 EV/EBITDA at the upper end of the price band, implying a market capitalisation of Rs 4,319 million.

The brokerage said the valuation appears fully priced.The report highlighted the company's exposure to the growing lab-grown diamond jewellery segment, its integrated B2B-D2C business model and in-house manufacturing capabilities.

It also noted that investors should monitor execution and the scalability of the company's D2C expansion.Anand Rathi has assigned a Subscribe for Long Term rating to the issue.Objects of the IssueThe company plans to utilise the net proceeds from the IPO primarily to fund its working capital requirements, for which Rs 70 crore has been earmarked. The remaining proceeds will be used for general corporate purposes.

The total estimated net proceeds from the issue are Rs 70 crore.Nityas Gems & Jewellery Financial PerformanceNityas Gems & Jewellery Ltd reported a 110% year-on-year increase in total income to Rs 203 crore in FY26, compared with Rs 97 crore in FY25.

The company's profit after tax (PAT) also increased 128% to Rs 22 crore in FY26 from Rs 10 crore in FY25.About Nityas Gems & JewelleryIncorporated in April 2022, Nityas Gems & Jewellery Ltd is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery in India.

The company operates an integrated business model covering B2B manufacturing and distribution to organised retailers, standalone retailers and wholesalers, along with direct-to-consumer (D2C) omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery Pvt Ltd.

Its operations cover raw material procurement, product design, manufacturing, quality control, distribution and branded retail.As of August 31, 2026, the company had 192 full-time employees, including 122 in-house karigars and 29 designers.

Its workforce includes personnel across senior management, design, operations, quality control, procurement and logistics, sales and marketing, and other functions.Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist.

Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here

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• Economic Times - Markets