Nityas Gems and Jewellery, manufacturer of lab-grown diamond-studded gold jewellery, and Adroit Industries, manufacturer and supplier of propeller shafts, have filed their DRHPs with SEBI for IPO.

Issue Size

Nityas Gems and Jewellery: The proposed issue is a fresh issue of up to 14,456,000 equity shares.

Adroit Industries: As per the DRHP, the proposed issue is a fresh issue of up to 9,897,000 equity shares and an offer for sale (OFS) of up to 1,350,000 equity shares by existing shareholder Mukesh Sangla HUF.

BRLMs and Registrar

Nityas Gems and Jewellery: The book-running lead manager for Nityas Gems and Jewellery IPO is Choice Capital Advisors Private Limited, while Choice Capital Advisors Private Limited is the registrar to the issue.

Adroit Industries: The BRLM is Choice Capital Advisors Private Limited, while Choice Capital Advisors Private Limited is the registrar.

Use of Proceeds

Nityas Gems and Jewellery: The net proceeds from the fresh issue will be used to fund working capital requirements and general corporate purposes.

Adroit Industries: The company aims to use funds from the fresh issue towards the following objectives:

Financing capital investments for the acquisition of (i) plant, machinery, and related equipment to strengthen operational capacity at the Dewas manufacturing facility; and (ii) vehicles to support intra-facility movement of goods.
Investment in subsidiary Adroit Driveshafts Private Limited, through equity, debt, or a combination, for undertaking capital expenditures, including (i) procurement of machinery and equipment to augment production capabilities at the Pithampur facility; and (ii) purchase of vehicles for the transportation of goods across manufacturing locations.
Investment in Adroit Driveshafts Private Limited, in the form of equity, debt, or a mix of both, for the purpose of repayment or prepayment of outstanding borrowings.
General corporate purposes

About Nityas Gems and Jewellery & Adroit Industries

About Nityas Gems and Jewellery

Nityas Gems and Jewellery is engaged in the development, production, and sale of gold jewellery embedded with lab-grown diamonds. The company operates via

(i) Business-to-business (“B2B”) segment, where they manufacture and supply jewellery to organized retail chains, independent retailers, and wholesalers. Their customer base includes GIVA, Palmonas, ONYA, and Ladia Diamonds, among others.

(ii) Direct-to-consumer (“D2C”) retail segment operated through the subsidiary Ayaani Diamonds and Jewellery Private Limited (“Ayaani”).

Their offerings include a diverse portfolio of lab-grown diamond-studded gold jewellery such as rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflinks, and bangles.

About Adroit Industries

Adroit Industries is the manufacturer and supplier of propeller shafts (also known as a drive shaft or cardan shaft) and related torque-transmission components. Their product portfolio comprises over 5,000 SKUs of torque-transmission components (as of February 28, 2026) and complete propeller shaft assemblies.

The products are supplied through a network of distributors, Tier-1 driveline component suppliers, and direct sales to original equipment manufacturers (“OEMs”).

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