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Anand Rathi Recommends 'Subscribe' for Nityas Gems and Jewellery IPO
- •Nityas Gems and Jewellery Ltd, incorporated in April 2022, specializes in designing, manufacturing, and selling lab-grown diamond-studded gold jewellery in India.
- •The company operates an integrated business model, combining B2B manufacturing and distribution with D2C omnichannel retail through its subsidiary, Ayaani Diamonds and Jewellery Private Limited.
- •Its operations cover the entire value chain, from raw material procurement and product design to manufacturing, quality control, distribution, and branded retail.
- •Anand Rathi assigns a 'Subscribe for Long Term' rating to the IPO, citing the company's exposure to the growing lab-grown diamond jewellery segment, integrated B2B–D2C model, and in-house manufacturing capabilities.
- •Investors are advised to monitor execution and the scalability of the D2C expansion.
Key Questions Answered
Anand Rathi assigned a "Subscribe for Long Term" rating for the issue, highlighting the company's exposure to the growing lab-grown diamond segment, integrated B2B and D2C model, and in-house manufacturing capabilities while advising investors to monitor execution and scalability.
The IPO opens on September 30 with a price band fixed at Rs 70-75 per share, aiming to raise Rs 108.35 crore through an entirely fresh issue of 1.45 crore equity shares. The public issue closes on October 5, allotment is expected by October 6, and trading is slated to begin on October 8.
The company operates through B2B manufacturing and distribution alongside a D2C omnichannel retail model via its subsidiary Ayaani Diamonds and Jewellery. It plans to allocate Rs 70 crore of the IPO proceeds toward working capital requirements, with the remainder designated for general corporate purposes.
