Archive · 8 Oct 2026
Nityas Gems Rises as Vishal Nirmiti Falls After IPO Listings
Two companies began trading their shares on October 8.
Nityas Gems & Jewellery shares started above their IPO price on both exchanges and rose further during the day.
Vishal Nirmiti shares started below their IPO price and later fell further.
Nityas makes gold jewellery set with lab-grown diamonds.
Vishal makes concrete products and pipes and works on infrastructure projects.
Both companies said they would use some IPO money for working capital.
Vishal also planned to repay loans.
An analyst said Nityas needs to keep growing and manage its costs, while Vishal needs to improve profits and cash generation.
Nityas Gems & Jewellery listed at ₹82 on the BSE and ₹80 on the NSE, above its ₹75 IPO price.
Nityas shares later traded more than 14% above the issue price and hit a 5% upper circuit.
Vishal Nirmiti listed at ₹215 on both exchanges, below its ₹220 IPO price.
Vishal shares fell to ₹204.25 on the BSE, about 7.15% below the IPO price, and hit a 5% lower circuit.
An analyst said Nityas's outlook hinges on growth and working-capital management, while Vishal's depends on growth, profitability and cash generation.
- Who
- Nityas Gems & Jewellery and Vishal Nirmiti, two companies whose shares began trading.
- What
- Nityas shares debuted at a premium and rose, while Vishal shares debuted at a discount and fell to the lower circuit.
- When
- October 8; both IPOs closed for subscription on October 5.
- Where
- The shares listed on the BSE and NSE.
- Why
- The article reports the IPO listings and first-day trading. It says future performance will depend on each company's ability to execute its business plans and improve or sustain financial performance.
Nityas Gems & Jewellery
Vishal Nirmiti
Listing performance
Nityas Gems & Jewellery
Nityas Gems & Jewellery listed at a premium on both exchanges and later traded more than 14% above its IPO price, reaching a 5% upper circuit.
Vishal Nirmiti
Vishal Nirmiti listed at a discount and later fell to ₹204.25 on the BSE, about 7.15% below its IPO price, hitting a 5% lower circuit.
Near-term outlook
Nityas Gems & Jewellery
Analyst Dr. Ravi Singh said investors will focus on whether Nityas can sustain revenue and profit growth, improve margins and manage working capital.
Vishal Nirmiti
Singh said Vishal's weak debut may weigh on near-term sentiment; its outlook depends on sustaining growth, improving profitability and strengthening cash generation.
- Listing date
- October 8
- Nityas IPO price and issue size
- ₹75 per share; ₹108.42 crore
- Nityas listing
- ₹82 on BSE (9.33% premium) and ₹80 on NSE (6.67% premium)
- Vishal IPO price and issue size
- Price band ₹208–220 per share; ₹178 crore IPO
- Vishal listing
- ₹215 on both BSE and NSE, a 2.27% discount to the ₹220 issue price
- Vishal subscription
- 1.71 times on the final bidding day, October 5
- Stated use of proceeds
- Nityas planned to fund working capital and general corporate purposes; Vishal also planned to repay loans.