Gujarat-based Nityas Gems and Jewellery has filed draft IPO papers with SEBI on March 30 to raise funds via IPO. The public issue will comprise the fresh issue of 1.44 crore equity shares. The company plans to use ₹70 crore of the IPO proceeds for working capital requirements. Nityas' profit for fiscal 2025 more than doubled YoY to ₹9.7 crore.