Priority Jewels IPO Details
| IPO Date | 28 Aug to 1 Sep 2026 |
|---|---|
| Listing Date | Friday, Sep 4, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹190 to ₹200 per share |
| Lot Size | 75 Shares |
| Issue Type | Book Building Issue |
| Sale Type | Fresh Issue |
| Listing At | BSE, NSE |
| Total Issue Size | 45,75,000 Shares, aggregating up to ₹91.50 Cr |
| Fresh Issue | 45,75,000 Shares, aggregating up to ₹91.50 Cr |
| Pre-Issue Shares | 1,34,25,000 Shares |
| Post-Issue Shares | 1,80,00,000 Shares |
| Market Cap at Upper Band | ₹360.00 Cr |
Priority Jewels IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Open | Friday, Aug 28, 2026 |
| IPO Close | Tuesday, Sep 1, 2026 |
| Basis of Allotment | Wednesday, Sep 2, 2026 |
| Refunds Initiated | Thursday, Sep 3, 2026 |
| Credit of Shares to Demat | Thursday, Sep 3, 2026 |
| Listing | Friday, Sep 4, 2026 |
Priority Jewels IPO Lot Size
Investors can bid for a minimum of 75 shares and in multiples of the prescribed lot size. At the upper price band of ₹200 per share, one retail lot requires an investment of ₹15,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 75 | ₹15,000 |
| Retail Maximum | 13 | 975 | ₹1,95,000 |
| S-HNI Minimum | 14 | 1,050 | ₹2,10,000 |
| S-HNI Maximum | 66 | 4,950 | ₹9,90,000 |
| B-HNI Minimum | 67 | 5,025 | ₹10,05,000 |
Priority Jewels IPO Reservation
The Priority Jewels IPO comprises a total issue size of 45,75,000 shares. Of this, 50% is reserved for Qualified Institutional Buyers, 15% for Non-Institutional Investors and 35% for Retail Individual Investors.
| Investor Category | Shares | Percentage |
|---|---|---|
| QIB | 22,87,500 | 50.00% |
| Anchor Investor | 13,72,500 | 30.00% |
| QIB Ex-Anchor | 9,15,000 | 20.00% |
| NII | 6,86,250 | 15.00% |
| bNII > ₹10 Lakh | 4,57,500 | 10.00% |
| sNII < ₹10 Lakh | 2,28,750 | 5.00% |
| Retail | 16,01,250 | 35.00% |
| Total | 45,75,000 | 100% |
Priority Jewels IPO Anchor Investors
Priority Jewels IPO raised ₹27.45 crore from anchor investors. The anchor investor bidding date was 27 August 2026.
| Particular | Details |
|---|---|
| Anchor Bid Date | Thursday, Aug 27, 2026 |
| Shares Offered | 13,72,500 |
| Anchor Portion | ₹27.45 Cr |
| 50% Shares Lock-in Ends | Friday, Oct 2, 2026 |
| Remaining Shares Lock-in Ends | Tuesday, Dec 1, 2026 |
Priority Jewels IPO Investor Categories
| Category | Investment Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
About Priority Jewels Limited
Priority Jewels Limited, incorporated in 2007, is engaged in designing, manufacturing and selling diamond-studded gold and platinum fine jewellery. The company offers a range of daily-wear jewellery products including rings, earrings, pendants, neckwear and bracelets, along with occasion and couture jewellery.
Priority Jewels supplies its jewellery products to independent jewellers and major jewellery chains in India and international markets. Its customer base includes well-known names such as CaratLane Trading Pvt. Ltd., Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri Ltd. and Senco Gold Ltd.
As of June 30, 2026, the company had served more than 200 customers, including 125 independent jewellers and 53 jewellery chains.
The company has a presence across 21 states and 3 Union Territories in India and exports its products to 13 countries, including the USA, UAE, Hong Kong and Norway.
Priority Jewels operates two jewellery manufacturing facilities in Mumbai with a combined area of approximately 19,008.79 square feet.
Priority Jewels IPO Key Strengths
Priority Jewels IPO Financial Performance
Priority Jewels reported improvement in its financial performance during FY2026. Total income increased to ₹539.03 crore in FY2026 from ₹435.87 crore in FY2025, while profit after tax increased to ₹17.65 crore from ₹10.51 crore.
Based on the provided financial figures, total income increased by approximately 24%, while profit after tax increased by approximately 68% between FY2025 and FY2026.
| Particulars | 30 Jun 2026 | FY2026 | FY2025 | FY2024 |
|---|---|---|---|---|
| Total Assets | ₹310.61 Cr | ₹291.95 Cr | ₹309.14 Cr | ₹268.99 Cr |
| Total Income | ₹147.40 Cr | ₹539.03 Cr | ₹435.87 Cr | ₹410.61 Cr |
| Profit After Tax | ₹6.48 Cr | ₹17.65 Cr | ₹10.51 Cr | ₹7.15 Cr |
| EBITDA | ₹10.29 Cr | ₹33.62 Cr | ₹24.28 Cr | ₹19.35 Cr |
| Net Worth | ₹145.66 Cr | ₹138.61 Cr | ₹104.89 Cr | ₹94.78 Cr |
| Reserves and Surplus | ₹132.36 Cr | ₹125.26 Cr | ₹92.29 Cr | ₹91.63 Cr |
| Total Borrowings | ₹110.49 Cr | ₹102.59 Cr | ₹145.85 Cr | ₹124.96 Cr |
Figures are in ₹ crore unless otherwise stated.
Priority Jewels IPO Key Performance Indicators
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 4.55% | 14.49% |
| ROCE | 6.92% | 25.36% |
| Debt/Equity | 0.76 | 0.74 |
| RoNW | 4.44% | 12.73% |
| PAT Margin | 4.39% | 3.27% |
| EBITDA Margin | 7.01% | 6.24% |
| NAV | ₹108.59 | ₹103.30 |
| Price to Book Value | — | 1.94x |
Priority Jewels IPO Valuation
At the upper price band of ₹200 per share, Priority Jewels is expected to have a post-issue market capitalisation of approximately ₹360 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹13.15 | ₹14.39 |
| P/E | 15.21x | 13.90x |
| Market Capitalisation | ₹269 Cr | ₹360 Cr |
Based on the upper issue price of ₹200 and the stated post-issue EPS of ₹14.39, the post-issue valuation works out to approximately 13.90x P/E.
Priority Jewels IPO Objectives
The company proposes to utilise the net proceeds from the IPO primarily towards repayment or pre-payment of certain outstanding borrowings and for general corporate purposes.
| No. | Purpose | Estimated Amount |
|---|---|---|
| 1 | Repayment or pre-payment, in full or in part, of certain borrowings availed by the company | ₹75.00 Cr |
| 2 | General Corporate Purposes | Balance Amount |
| Total Identified Objects | ₹75.00 Cr | |
Priority Jewels Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 93.85% | 74.64%* |
| Public | 6.15% | 25.36%* |
| Total | 100% | 100% |
*Post-issue promoter/public percentages are derived from the stated pre-issue shareholding and the fresh issue of 45.75 lakh shares, and may vary depending on the final basis of allotment and official post-issue shareholding disclosure.
The promoters of Priority Jewels Limited are Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh and Priority Retail Ventures Pvt. Ltd.
Recently Listed IPOs in Gems, Jewellery and Watches
| Company | Issue Type | Issue Size | Issue Price | P/E | Listing Day Close | Listing Gain/Loss | LTP |
|---|---|---|---|---|---|---|---|
| Shankesh Jewellers Ltd. | Mainboard | ₹367.18 Cr | ₹93 | 10.24 | ₹94.82 | +1.96% | ₹89.69 |
| Lalithaa Jewellery Mart Ltd. | Mainboard | ₹1,700.00 Cr | ₹201 | 9.95 | ₹248.44 | +23.60% | ₹246.23 |
| Advit Jewels Ltd. | Mainboard | ₹165.16 Cr | ₹138 | 18.41 | ₹179.46 | +30.04% | ₹263.57 |
Priority Jewels IPO Subscription Status
On the first day of bidding, August 28, 2026, the Priority Jewels IPO was subscribed 1.93 times. The retail category was subscribed 3.07 times, while the NII category was subscribed 1.24 times and the QIB category was subscribed 0.44 times.
| Category | Subscription | Shares Offered | Shares Bid |
|---|---|---|---|
| QIB Ex-Anchor | 0.44x | 9,15,000 | 4,07,025 |
| NII | 1.24x | 6,86,250 | 8,53,875 |
| bNII > ₹10 Lakh | 1.05x | 4,57,500 | 4,78,875 |
| sNII < ₹10 Lakh | 1.64x | 2,28,750 | 3,75,000 |
| Retail | 3.07x | 16,01,250 | 49,23,075 |
| Total | 1.93x | 32,02,500 | 61,83,975 |
Total Applications: 58,372
Priority Jewels IPO Review
What Is Priority Jewels IPO GMP?
GMP stands for Grey Market Premium. It is an unofficial indicator used by some market participants to assess possible demand and market sentiment for an IPO before its shares begin trading on the stock exchanges.
The grey market operates outside the formal stock exchange mechanism. GMP can change frequently depending on IPO demand, investor sentiment, market conditions and expectations regarding the listing price.
GMP is not an official price indicator and does not guarantee the listing price or listing gain. Actual listing performance may be significantly different from grey-market expectations.
Priority Jewels IPO Registrar
MUFG Intime India Pvt. Ltd. is the registrar appointed for the Priority Jewels IPO. The registrar is responsible for processing IPO applications, maintaining allotment records, handling refunds and facilitating the credit of allotted shares into investors’ demat accounts.
Phone: 022-49186000
Email: priorityjewels.ipo@in.mpms.mufg.com
Website: MUFG Intime India IPO Portal
Priority Jewels IPO Lead Manager
| No. | Book Running Lead Manager |
|---|---|
| 1 | Mefcom Capital Markets Ltd. |
Priority Jewels Limited Contact Details
Plot No. 121,
Street No. 15/18 MIDC,
Andheri (East),
Mumbai, Maharashtra, 400093
Phone: +91 22 6767 9898
Email: cs@priorityindia.com
Website: priorityjewels.in
Priority Jewels IPO FAQs
When will Priority Jewels IPO open?
The Priority Jewels IPO is scheduled to open for subscription on August 28, 2026.
When will Priority Jewels IPO close?
The IPO subscription period is scheduled to close on September 1, 2026.
What is the Priority Jewels IPO price band?
The price band has been fixed at ₹190 to ₹200 per equity share.
What is Priority Jewels IPO lot size?
The minimum application size is 75 shares.
What is the minimum investment for Priority Jewels IPO?
At the upper price of ₹200 per share, one lot of 75 shares requires an investment of ₹15,000.
What is the total size of Priority Jewels IPO?
The IPO comprises approximately ₹91.50 crore and consists entirely of a fresh issue of 45.75 lakh equity shares.
How many shares are offered in Priority Jewels IPO?
The total issue comprises 45,75,000 equity shares.
How much is the fresh issue in Priority Jewels IPO?
The fresh issue comprises 45.75 lakh equity shares aggregating up to ₹91.50 crore.
Is there an offer for sale in Priority Jewels IPO?
No. The Priority Jewels IPO is entirely a fresh issue and does not include an offer for sale component.
When will Priority Jewels IPO allotment be finalized?
The basis of allotment is expected to be finalized on September 2, 2026.
When will Priority Jewels shares be listed?
The tentative listing date is September 4, 2026 on both BSE and NSE.
Who is the registrar of Priority Jewels IPO?
MUFG Intime India Pvt. Ltd. is the registrar appointed for the Priority Jewels IPO.
Who is the lead manager of Priority Jewels IPO?
Mefcom Capital Markets Ltd. is the book running lead manager for the Priority Jewels IPO.
What is the market cap of Priority Jewels IPO?
At the upper price band of ₹200 per share, the expected post-issue market capitalisation is approximately ₹360 crore.
What is the Priority Jewels IPO P/E ratio?
Based on the provided valuation figures, the post-issue P/E ratio at the upper price band is approximately 13.90x.
What is the objective of Priority Jewels IPO?
The company proposes to utilise approximately ₹75 crore of the issue proceeds towards repayment or pre-payment of certain borrowings, with the remaining amount intended for general corporate purposes.
How was Priority Jewels IPO subscribed on Day 1?
On August 28, 2026, the Priority Jewels IPO was subscribed 1.93 times. The retail category was subscribed 3.07 times, NII 1.24 times and QIB 0.44 times.
Where can I check Priority Jewels IPO GMP?
You can check the latest grey market premium updates on the Priority Jewels IPO GMP page on TradingMinds.
Disclaimer: This IPO article is intended only for general informational and educational purposes. It should not be treated as investment, financial or trading advice. IPO dates, issue details, price bands, allotment schedules, financial figures, subscription data and other information may change based on official announcements. Grey market premium figures are unofficial and can fluctuate substantially. GMP does not guarantee the listing price or listing performance. Investors should carefully read the official IPO documents, including the RHP, and independently evaluate the company’s business, financial position, valuation, debt position, customer base, industry risks and future prospects before making any investment decision.
