Stories
Nityas Gems and Jewellery IPO Subscribed Over 2x on Final Day
M
Moneycontrol•05-10-2026, 17:20
Nityas Gems and Jewellery IPO Subscribed Over 2x on Final Day
- •The initial public offering of Nityas Gems and Jewellery Limited received a 1.08 times subscription on the final day of bidding.
- •Retail investors and non-institutional investors strongly led the demand for the Rs 108.42-crore IPO.
- •The company fixed its price band at Rs 70 to 75 per share for the entirely fresh issue of 1.44 crore equity shares.
- •Net proceeds from the IPO will be utilized primarily for working capital requirements and general corporate purposes.
- •The IPO allotment is expected to be finalized on October 6, with shares listing on the bourses on October 8.
Key Questions Answered
The initial public offering of Nityas Gems and Jewellery was subscribed 1.08 times on the final day of bidding on October 5, 2026, with the price band fixed at Rs 70 to Rs 75 per share.
The share allotment for the Nityas Gems and Jewellery IPO is expected to be finalised on October 6, 2026, while trading on the bourses is scheduled to commence on October 8, 2026.
The company intends to allocate Rs 70 crore of the net proceeds from its fresh issue towards funding its working capital requirements, with the remaining balance designated for general corporate purposes.
