Nityas Gems & Jewellery Limited and Intellius Recode Limited have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their proposed initial public offerings (IPOs).

SEBI issued its observation letter to Nityas Gems & Jewellery on July 23, 2026, followed by Intellius Recode on July 24, 2026. With the regulatory approvals in place, both companies can now move ahead with the next stages of their IPO process, including announcing their price bands and subscription schedules.

Company	Issue Type	Fresh Issue	Offer for Sale (OFS)
Nityas Gems & Jewellery Limited	Fresh Issue Only	Up to 1.45 crore equity shares	Not Applicable
Intellius Recode Limited	Fresh Issue + OFS	Up to ₹117.00 crore	Up to 0.13 crore equity shares

Nityas Gems & Jewellery IPO - Issue Details

Issue Type: Book-Built Issue
Total Issue Size: Up to 1.45 crore equity shares
Fresh Issue: Up to 1.45 crore equity shares
Offer for Sale (OFS): Not Applicable
Face Value: ₹5 per share
Proposed Listing: BSE, NSE
Book Running Lead Managers (BRLMs): Choice Capital Advisors Private Limited
Registrar to the Issue: Bigshare Services Private Limited

Utilisation of Nityas Gems & Jewellery IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Funding the working capital requirements of the company.
General corporate purposes.

About Nityas Gems & Jewellery (India) Limited

Nityas Gems & Jewellery (India) Ltd. is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery in India. The company operates through a dual business model, serving organised retailers, standalone jewellers and wholesalers through its B2B segment, while also catering directly to consumers through its subsidiary, Ayaani Diamonds and Jewellery Private Limited.

Its product portfolio includes rings, earrings, pendants, bracelets, necklaces, mangalsutras, bangles and other jewellery across daily wear, occasion wear and customised collections. The company primarily focuses on lightweight, affordable lab-grown diamond jewellery, catering to the growing demand for accessible luxury and modern jewellery designs.

Key Financial Highlights

Particulars	For the six-month period ended September 30, 2025 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	88.55	96.85	53.66
EBITDA	11.46	12.90	5.48
Profit After Tax (PAT)	8.53	9.79	4.02

Intellius Recode IPO - Issue Details

Issue Type: Book-Built Issue (Fresh Issue + OFS)
Total Issue Size: To be announced
Fresh Issue: Up to ₹117.00 crore
Offer for Sale (OFS): Up to 0.13 crore equity shares
Face Value: ₹10 per share
Proposed Listing: BSE, NSE
Book Running Lead Managers (BRLMs): Inga Ventures Private Limited
Registrar to the Issue: MUFG Intime India Private Limited

Utilisation of Intellius Recode IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Funding cost for development of Digital Workers by the company
Payment of sub-contracting fees for development of Digital Workers for the company
General corporate purposes

About Intellius Recode Limited

Founded in 2018, Intellius Recode Limited is a technology solutions provider that helps enterprises accelerate their digital transformation through technology consulting and Agentic AI-powered Digital Workers. Its technology consulting services include data analytics, robotic process automation (RPA), integration, quality assurance, and digital commerce solutions.

The company currently derives all of its operating revenue from its technology consulting business, which comprises data analytics, enterprise robotic process automation, integration, development and operation services, quality assurance, and digital commerce solutions.

Key Financial Highlights

Particulars	For the period ended December 31, 2025 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	29.02	70.79	79.88
EBITDA	4.20	11.09	11.59
Profit After Tax	2.42	8.18	9.25