Nityas Gems & Jewellery shares made a positive debut on the stock exchanges on October 8, listing at a premium of around 9% over the IPO price on the BSE. The stock was later locked in a 5% upper circuit and traded more than 14% above its issue price.
The stock listed at ₹82 per share on the BSE, marking a 9.33% premium over the IPO price of ₹75. On the NSE, the shares debuted at ₹80, representing a 6.67% premium over the issue price.
Nityas Gems & Jewellery is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery in India. The company raised ₹108.42 crore through its IPO, which comprised 1.4456 crore equity shares with a face value of ₹5 each. The price band was fixed at ₹70–75 per share, with a lot size of 200 shares.
The IPO opened for subscription on 30 September and closed on 5 October, with anchor bidding taking place on 29 September. The issue proceeds will be used to meet working capital requirements and for general corporate purposes.
The IPO had a reservation of not more than 50% for qualified institutional buyers (QIBs), not less than 15% for non-institutional investors (NIIs) and not less than 35% for retail investors.