Nityas Gems and Jewellery Files for Growth with ₹108.42 Crore IPO Amid Rising Demand for Lab-Grown Diamond Jewellery

Integrated B2B and D2C jewellery player aims to strengthen working capital and scale operations as India's lab-grown diamond market gathers momentum

Mumbai: As consumer preferences increasingly shift toward sustainable and affordable luxury, Nityas Gems and Jewellery Limited is set to tap the capital markets with an Initial Public Offering (IPO) worth up to ₹108.42 crore, opening on September 30, 2026.

The company, which specializes in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery, plans to issue up to 14.45 million equity shares at a price band of ₹70 to ₹75 per share. The issue will close on October 5, 2026, while anchor investor bidding is scheduled for September 29, 2026.

The proposed IPO comes at a time when lab-grown diamonds are emerging as one of the fastest-growing segments within the jewellery industry, driven by younger consumers seeking affordability, ethical sourcing and contemporary designs.

Riding the Lab-Grown Diamond Wave

Headquartered in India with manufacturing operations in Surat, Nityas Gems has built an integrated business model that combines large-scale B2B manufacturing and distribution with a growing direct-to-consumer retail presence.

The company supplies jewellery to organized retailers, wholesalers and standalone jewellers across the country while simultaneously serving end consumers through its subsidiary, Ayaani Diamonds and Jewellery Private Limited.

Its product portfolio spans rings, earrings, pendants, bracelets, mangalsutras, necklaces, bangles and other jewellery categories, with a strategic emphasis on lightweight and affordable designs crafted with lab-grown diamonds.

Industry observers note that this dual-channel approach enables companies to diversify revenue streams while building stronger brand visibility in a highly competitive market.

Expanding Reach Across India and Global Markets

During Fiscal 2026, Nityas Gems served 323 B2B customers, with its distribution network covering 18 states and two Union Territories. The company has also established an international footprint, catering to customers in the United Arab Emirates, Australia, Canada, Taiwan and Kenya.

On the retail front, Ayaani operates an omnichannel model comprising an online storefront and 10 physical stores across eight Indian cities, including company-owned and franchise-operated outlets.

The company believes this combination of manufacturing expertise and retail reach positions it well to capitalize on the growing acceptance of lab-grown diamond jewellery among Indian consumers.

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Strengthening Capacity and Design Capabilities

Nityas Gems operates a manufacturing facility in Surat spanning approximately 7,000 sq. ft., with an installed production capacity of around 360 kilograms annually.

A key differentiator is its focus on design. Supported by CAD/CAM technology and in-house designers, the company has developed a portfolio of more than 32,000 jewellery designs, allowing it to rapidly respond to changing fashion trends and customer preferences.

As competition intensifies in the jewellery segment, design-led innovation is increasingly becoming a critical growth driver, especially among younger buyers looking for distinctive yet affordable products.

Financial Performance Reflects Growth Momentum

For Fiscal 2026, Nityas Gems reported revenue from operations of ₹202.89 crore, while EBITDA stood at ₹30.97 crore. The company posted a profit after tax of ₹22.31 crore, translating into an EBITDA margin of 15.27% and a PAT margin of 11.00%.

According to market experts, these profitability levels indicate the company's ability to maintain operational efficiency while expanding its scale in a rapidly evolving segment.

IPO Proceeds to Fuel Expansion

The proceeds from the fresh issue will primarily be utilized to meet the company's working capital requirements and for general corporate purposes.

Commenting on the proposed offering, Rajnikant Lallubhai Chanchad, Chairman and Managing Director of Nityas Gems and Jewellery Limited, said the IPO represents an important milestone in the company's growth journey.

“We have built an integrated platform spanning B2B manufacturing and distribution as well as D2C omnichannel retail in lab-grown diamond-studded gold jewellery. The proposed deployment of the net proceeds towards working capital requirements is intended to support the scale of our operations as we continue expanding our customer base, strengthening our design-led manufacturing capabilities and deepening our presence across channels,” he said.

Echoing this optimism, Ratiraj Tibrewal, Director, Choice Capital Advisors Private Limited, noted that the company has successfully scaled its operations across an integrated business model. He said the fresh issue would support working capital needs and further strengthen manufacturing capabilities.

Looking Ahead

As the jewellery industry undergoes a transformation fueled by changing consumer attitudes and greater acceptance of lab-grown diamonds, companies with integrated manufacturing, design and retail capabilities are attracting increasing investor attention.

Nityas Gems' upcoming IPO is therefore more than a fund-raising exercise. It represents a strategic effort to capitalize on an expanding market opportunity while enhancing production capacity, strengthening distribution networks and reinforcing its position in India's evolving jewellery landscape.

Issue Highlights

• IPO opens: September 30, 2026
• IPO closes: October 5, 2026
• Price band: ₹70 to ₹75 per share
• Issue size: Up to 14,456,000 equity shares
• IPO size: ₹108.42 crore (at upper price band)
• Face value: ₹5 per equity share
• Lot size: 200 shares
• Proposed listing: NSE and BSE
• Lead Manager: Choice Capital Advisors Pvt. Ltd.
• Registrar: Bigshare Services Pvt. Ltd.
  
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Apollo Hospitals’ “My Hands Are Ready” Sets World Record Title with 61,221 CPR Pledges in 30 Days

The campaign reaches students, teachers and staff across 120 institutions, advancing CPR awareness and emergency preparedness ahead of World Heart Day 2026, themed “United for Every Heartbeat.” 

Mumbai, 28 September 2026: ‘Is Navi Mumbai ready to save a life.’ This was the question that set the CPR Pledge Movement in motion by Apollo Hospitals Navi Mumbai.

Conducted from 8 July to 7 August 2026, the movement set out to mobilise 50,000 people to pledge that they would learn CPR and be better prepared to respond in the critical moments before professional medical help arrives. Navi Mumbai not only crossed the target but brought together people from across the city in a collective commitment to being prepared. 

More than 120 institutions, including schools, colleges, workplaces and community organisations, participated in the initiative, bringing together students, teachers, healthcare professionals, employees, families and community members. This initiative sought to encourage people to become more prepared and proactive in responding to medical emergencies. Over the course of the campaign, 61,221 people pledged to learn CPR, turning a simple call to action into a widespread community movement.

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The month-long movement culminated with GUINNESS WORLD RECORDS™ officially recognising Apollo Hospitals Navi Mumbai as the record-holder for ‘Most pledges received to learn CPR in one month’, at a special event held in the presence of Dr. Preetha Reddy, Executive Vice Chairperson, Apollo Hospitals Enterprise Limited and actor Karisma Kapoor. 

Dr Preetha Reddy, Executive Vice Chairperson, Apollo Hospitals Enterprise Limited, said,

“For ten years, Navi Mumbai has honoured us with its trust. Today, more than 61,000 people have pledged to learn CPR, reminding us of the extraordinary power of a community united by a shared purpose. This is the inspiration behind ‘My Hands Are Ready’, a movement that seeks to place life-saving knowledge into the hands of ordinary citizens across India. There can be no greater way to honour the trust Navi Mumbai has placed in our hands than to empower millions more hands to be ready to help save a life.”

The scale of the campaign responds to a significant CPR knowledge-and-action gap in India. More than 700,000 people are estimated to die from sudden cardiac arrest in the country each year, while studies suggest that only 1.3%-9.8% of out-of-hospital cardiac arrests receive bystander CPR. In urban populations, only around 2%-6.5% of laypeople have been reported to be able to perform CPR, and out-of-hospital cardiac arrest survival to hospital discharge remains below 2%-3%. These figures underline the importance of equipping ordinary citizens to act before professional help arrives. Through “My Hands Are Ready”, Apollo Hospitals is helping turn willingness to help into the confidence and preparedness to take the right action when it matters most.

Mr Arunesh Punetha, Regional CEO- Western Region, Apollo Hospitals, said,

“We want to take the message beyond Navi Mumbai and encourage people across India to learn CPR and feel prepared to respond when a life may depend on those standing closest. This movement is about giving ordinary people the courage to step forward for another life. That is what makes it more than a campaign. It is a commitment to society, to every life, every family and every one of us. Through ‘My Hands Are Ready’, it is a promise we make to each other. And it is a promise we make to India.”

Dr Nitin Jagasia, Regional Director – Emergency, Western Region, Apollo Hospitals, said,

“When someone suffers a cardiac emergency (their heart stops), the first person at the scene is often not a healthcare professional but a family member, colleague, friend or passer-by. The ability to recognise this and initiate CPR can make all the difference while professional help is on its way. This movement by Apollo is to encourage thousands of people to take the first step towards acquiring this essential basic skill. Every person who learns CPR becomes better equipped to respond during those crucial early moments.”

At its heart is a simple idea: our hands are already capable of caring, helping and protecting. With the right knowledge and training, they can also be ready to respond when a life is at risk.

EINZ Education Redefines Higher Learning: Beyond Degrees to Execution - From Learning to Earning

Next-Genre brings Entrepreneurship, Practice-Ready Law, and Turning Point's B.Voc. Programmes

Building a Powerful Bridge Between Education and Industry

Fund Your Degree, Build Your Business:
The Revolutionary One-Fee Model

 

Mumbai, September 2026: What if education did not end with a certificate or a degree rather student launch a career, build an enterprise, or step into public services detail learning?

That is the vision driving EINZ Education, an initiative of EINZ Consultancy, built on one guiding philosophy:

"Learning must end in execution, not examination."

EINZ Education brings three niche verticals Entrepreneurship, Law, and multidisciplinary B.Voc./Bachelor programmes with creating industry-ready, hands-on training, professional mentoring, live projects, and real industry exposure employable and enterprise-ready citizens, not just degree holders. IT is also UGC approved and gives good credit points to the students as per NEP 2020, and become one more option of achieving heights as can be learnt as second degree.

The Difference: Support That Doesn't End When Class Does

Unlike conventional courses, EINZ's Entrepreneurship programmes don't stop at teaching theoretical and practical learning. Students who complete their training gain continued access to brand partnerships, live clients, business portals, mentoring and co-working facilities a genuine pathway from classroom learning to real business execution.

Students are supported in becoming founders, freelancers and franchise operators, backed by an ecosystem built for action.

This is EINZ's signature promise: "One fee for learning, and a start-up for those who choose entrepreneurship." It makes them a Perfect Public-Private Partnership builder.

 

Academic institution + experienced professionals + retired administrators + industry exposure + entrepreneurship ecosystem -- combined to make education a true platform for career creation and social impact.

 

Entrepreneurship, Backed by a Real Ecosystem

Programmes include:

- Digital Marketing

- Human Resource Management

- Real Estate

- Branding & Sales

- Franchise Consulting

- Entrepreneurial Skills

- BPO & Sales

These courses are for budding or dreaming entrepreneurs, who think that degree and setup is too expensive work for business, therefore all major expenses are included in the fees itself.

 

Law Education That Asks: "Can You Actually Practise?"

EINZ closes the gap between learning law and practising law with specialised programmes in:

 - Arbitration

 - Law Firm Foundation & Management

 - Technology Law & Fintech

 - Mergers & Acquisitions

 - Family Business Law

 - Land Laws Practice

 - Educational Law

Alongside Certificate Courses in Independent Practice and Legal Drafting. The Independent Practice programme covers client handling, drafting, court procedures, advocacy, case management, professional ethics, and building an independent legal practice.

 

"Turning Point" - Degrees Designed Around Careers

 A standout multidisciplinary initiative offering pathways in:

 - Civil Services and Governance

 - Political Governance and Public Policy

 - Real Estate Management and Law

 

It must be noted that students of civil services just prepare after degree, but actually they need a deep understanding, which make this course stand apart for three years deep thrust. So do in real estate and political governance.  

 

Led by People Who Have Actually Led

 - Prof. Deep Kapadia, Founder Director, EINZ Education & EINZ Consultancy - experience across education, legal academics, entrepreneurship and business strategy. Mentor to Incubation centers.

 - Adv. Shyamsundar L. Patil (Retd. IAS), Founder & Director - extensive experience in Maharashtra administration, Revenue, municipal administration and registration, plus work as an advocate, arbitrator, conciliator and mediator.

 - Dr. Dilip D. Pandharpatte (Retd. IAS), Director/Co-Founder & Mentor - senior governance and public-administration experience, including service as Divisional Commissioner and Chair of MPSC.

 

Why This Matters

India doesn't just need more graduates it needs skilled entrepreneurs, capable professionals, ethical lawyers, informed citizens, and responsible leaders. EINZ's model connects education with execution, shifting the question from "What degree will you receive?" to "What will you be able to do with it?"

Colleges: Manohar Joshi Colleges, Indo Scot School, Mumbai Management college, Vivekanand College, Goenka School and Indala College with it we have one online campus also.

 

Expanding to: Pune, Kolhapur. Kerala

From Learning to Execution. From Execution to Opportunity.

EINZ EDUCATION

Learn. Practice. Lead.

Contact: EINZ Education / EINZ Consultancy, Mumbai, Maharashtra

www.nextgenrevisions.com 

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SRIT India Limited Launches ₹218.4 Crore IPO: Driving the Next Era of Enterprise Tech and E-Governance Integration

MUMBAI — As India’s technological landscape pivots toward automated public infrastructure and high-scale enterprise engineering, homegrown technology solution providers are taking center stage. Leading this charge from the front lines is Bengaluru-headquartered SRIT India Limited. The company has officially announced its transition into the public markets, setting its Initial Public Offering (IPO) to open for subscription on Monday, September 28, 2026.

Seeking to raise up to ₹218.4 crore at its upper price band, SRIT India enters the primary market not as a speculative startup, but as a seasoned market veteran with over two and a half decades of deep-tier technical execution.

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📊 The IPO Framework

The public issue has been precisely engineered to anchor institutional interest while keeping the door wide open for retail participation.

• The Timeline: The issue will accept bids from September 28, 2026, through Wednesday, September 30, 2026, with the critical anchor investor bidding window opening early on Friday, September 25, 2026.
• Pricing & Value: Investors can bid within a price band of ₹123 to ₹130 per Equity Share (Face Value of ₹5 each). The minimum lot size is locked at 115 equity shares.
• Listing Platforms: The shares are proposed to be listed on both major national exchanges, NSE and BSE.

🏛 Balanced Allocation Matrix

To ensure healthy liquidity and post-listing stability, the net offer is strategically divided among primary investor classes:

• Qualified Institutional Buyers (QIB): Up to 50% of the Net Issue
• Retail Individual Investors: Not less than 35% of the Net Issue
• Non-Institutional Investors (NII): Not less than 15% of the Net Issue

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💡 Capital Deployment: Capitalizing on Future Growth

Unlike many contemporary tech listings that serve as exit vehicles for private equity, SRIT India’s IPO is a pure growth play. The fresh capital of ₹218.4 crore will be deployed across critical operational levers to fund the company's next expansion phase.

Primary allocations include modernizing existing product suites, upgrading architecture, and fulfilling heavy working capital demands driven by massive enterprise integrations. Furthermore, a portion of the funds will target inorganic growth through strategic acquisitions—allowing SRIT to quickly acquire complementary technologies and expand its footprint in select overseas markets.

"The IPO marks an important milestone in SRIT’s journey of more than two and a half decades," notes Dr. Nambiar Raghavan Madhusoodan, Managing Director & CEO of SRIT India Limited. "We have built our capabilities around designing, implementing, and operating mission-critical digital platforms across e-governance, telecommunications and broadband, and healthcare. The proposed deployment of the Net Proceeds is intended to support the next phase of our business as we continue strengthening our technology capabilities."

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📈 Clear Visibility: A Resilient ₹1,200+ Crore Order Book

For growth investors looking for long-term predictability, SRIT’s financial indicators paint a highly resilient picture. The company has carved out highly profitable niches in heavily guarded sectors that require deep compliance and multi-year maintenance contracts.

According to Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited (the Book Running Lead Manager to the issue), the company enters the public eye backed by a massive execution pipeline. As of June 30, 2026, SRIT India commands an outstanding Order Book of ₹12,047.17 million (~₹1,204.7 crore).

⏱ Fiscal Year 2026 Performance Matrix:

• Revenue from Operations: ₹4,499.99 million (~₹450 crore)
• Operating EBITDA: ₹647.74 million
• EBITDA Margin: A healthy 14.39%
• Profit After Tax (PAT): ₹432.89 million (with a net PAT margin of 9.62%)

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🔍 Deep Dive: The Competitive Edge

SRIT operates across three high-barrier verticals: Electronic Governance, Telecommunications & Broadband, and Healthcare. What separates the firm from standard IT solution providers is its end-to-end service stack—spanning initial architecture design, complex data migration, deployment, and decades-long operations.

• World-Class Process Maturity: The company's delivery processes are appraised at CMMI V3.0 (DEV) Maturity Level 5 (Optimizing). This represents the absolute pinnacle of global software development standards, shared only by elite global engineering firms.
• Rigorous Security & Compliance: SRIT is backed by the Systems Security Engineering Capability Maturity Model and holds nine distinct ISO certifications spanning data security, environmental health, and quality management.
• The AI Imperative: To ensure long-term market dominance, the company is actively embedding AI-enabled systems directly into its core software verticals, driving advanced automation for both enterprise clients and government bodies.

With Choice Capital Advisors Private Limited spearheading the book-building process and KFin Technologies Limited acting as the registrar, all eyes now turn to the anchor bidding on September 25. For market watchers, SRIT India's debut represents a highly watched barometer for institutional appetite in India’s maturing, enterprise-grade software ecosystem.

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