Mon, 28 Sept, 2026, 07:47 am
Reported by scanx.trade
Nityas Gems & Jewellery Limited, a Surat-based designer and manufacturer of lab-grown diamond (LGD) studded gold jewellery, has filed its Draft Red Herring Prospectus for a ₹70 crore SME IPO. Incorporated in 2022, the company operates an integrated B2B and D2C model and recorded a revenue CAGR of ~94.46% over the last two fiscal years.
Headquartered in Surat, Gujarat, Nityas Gems & Jewellery Limited specializes in the design, manufacturing, and sale of LGD jewellery. The company serves both business-to-business and direct-to-consumer segments. Its B2B operations supply organized retailers, standalone retailers, and wholesalers across 18 Indian states and two union territories, with international presence in the UAE, Australia, Canada, Taiwan, and Kenya. The B2B customer base expanded from 74 in FY2024 to 323 in FY2026.
In July 2025, the company acquired Ayaani Diamonds and Jewellery Private Limited, establishing a D2C retail presence with 10 stores across 8 cities under the 'Ayaani' brand. Manufacturing is conducted at a ~7,000 sq. ft. facility in Surat with an installed capacity of 360 kg per annum. The facility utilizes CAD/CAM tools and employs 122 in-house Karigars and 29 designers, supporting a portfolio of over 32,000 jewellery designs.
