Nityas Gems and Jewellery gets Sebi nod for IPO

Surat-based Nityas Gems and Jewellery has received approval from the capital markets regulator Sebi to proceed with the initial public offering plan. The company filed their draft red herring prospectus (DRHP) in March 2026.Founded in 2006, Nityas Gems and Jewellery is a maker of diamond-studded gold jewellery. The firm plans to raise capital through an initial public offering consisting of a fresh issue of 1.44 crore equity shares and intends to allocate INR 70 crore of the net proceeds toward working capital requirements. Choice Capital Advisors is acting as the merchant banker for the transaction.