Priority Jewels IPO
GMP, Subscription, Price, Dates & Financial Details
Diamond & Jewellery
Priority Jewels Pvt. Ltd.Incorporated in 2007, Priority Jewels is engaged in the design, manufacturing, and sale of diamond-studded gold and platinum fine jewellery. The company offers a diverse range of jewellery products, including rings, earrings, pendants, neckwear, bracelets, and occasion…
Open Date
Fri, 28 Aug 2026
Close Date
Tue, 01 Sep 2026
Price Band
₹ 190 – 200
Lot Size
75
Issue Size
₹ 91.50 Cr
Minimum Investment
₹ 15,000 (75 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
According to the Red Herring Prospectus (RHP), Priority Jewels IPO was a book-built issue with a total issue size of ₹91.50 Crore, comprising a fresh issue of 45.75 Lakh equity shares aggregating to ₹91.50 Crore.
The Priority Jewels IPO was open for subscription from August 28, 2026, to September 01, 2026. The basis of allotment was finalized on September 02, 2026, and the shares are tentatively scheduled to be listed on the NSE and BSE on September 04, 2026.
The company had fixed the price band at ₹190 to ₹200 per share, with a lot size of 75 shares. Retail investors were required to make a minimum investment of ₹15,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited is the registrar to the issue. Mefcom Capital Markets Limited are the Book Running Lead Managers (BRLMs) to the issue.
Following the completion of the allotment process, successful applicants should receive the allotted shares in their demat accounts before the tentative listing on the NSE and BSE on September 04, 2026. Investors who did not receive an allotment can expect their refunds, if applicable, to be processed as per the IPO schedule.
Priority Jewels IPO Timeline (Tentative)
- IPO Open Date
- Fri, 28 Aug 26
- IPO Close Date
- Tue, 01 Sep 26
- Basis of Allotment
- Wed, 02 Sep 26
- Initiation of Refunds
- Thu, 03 Sep 26
- Credit of Shares to Demat
- Thu, 03 Sep 26
- Listing Date
- Fri, 04 Sep 26 — BSE & NSE
Open Date
28 August 2026
Close Date
01 September 2026
Basis Of Allotment
02 September 2026
Listing Date
04 September 2026
IPO Subscription
Check Live Subscription →The Priority Jewels IPO has received bids for 32,16,91,275 shares against 38,88,750 shares offered, resulting in an overall subscription of 100.45x. the NII category is subscribed 166.49x, Retail Investors 106.76x, and QIBs 39.87x. Within the NII category, BNII is subscribed 152.22x, while SNII is subscribed 195.04x.
QIB
39.87x
NII
166.49x
BNII
33.6x
SNII
1.63x
RII
106.76x
Total
100.45x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,01,250 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,15,000 shares (20%), while Non-Institutional Investors (NIIs) receive 6,86,250 shares (15%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 1,372,500 | 30% |
| Qualified Institutions | 915,000 | 20% |
| Non-Institutional | 686,250 | 15% |
| BNII | 457,500 | 10% |
| SNII | 228,750 | 5% |
| Retail Investors | 1,601,250 | 35% |
| Total | 4,575,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 310.61 | 291.95 | 309.14 | 268.99 |
| Revenue | 147.4 | 539.03 | 435.87 | 410.61 |
| Profit After Tax | 6.48 | 17.65 | 10.51 | 7.15 |
| Net Worth | 145.66 | 138.61 | 104.89 | 94.78 |
| Reserve & Surplus | 132.36 | 125.26 | 92.29 | 91.63 |
| Total Borrowings | 110.49 | 102.59 | 145.85 | 124.96 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Priority Jewels Limited KPI Information
| Particular | Jun 2026 | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
| ROE % | 4.55 | 14.49 | 10.53 | 7.35 |
| ROCE % | 6.92 | 25.36 | 22.36 | 17.47 |
| Debt / Equity | 0.76 | 0.74 | 1.39 | 1.32 |
| RoNW % | 4.44 | 12.73 | 10.02 | 7.54 |
| Pat Margin % | 4.39 | 3.27 | 2.41 | 1.74 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Priority Jewels Ltd | 10 | 0 | 14.03 | 14.03 | 12.73 | 103.3 |
| Khazanchi Jewellers Ltd | 10 | 22.24 | 36.1 | 36.1 | 27.98 | 129.13 |
| RBZ Jewellers Ltd | 10 | 10.08 | 13.7 | 13.7 | 18.28 | 74.96 |
| Ashapuri Gold Ornament Ltd | 1 | 7.02 | 0.56 | 0.56 | 11.13 | 5 |
About Priority Jewels Limited
Priority Jewels Pvt. Ltd.
Incorporated in 2007, Priority Jewels is engaged in the design, manufacturing, and sale of diamond-studded gold and platinum fine jewellery. The company offers a diverse range of jewellery products, including rings, earrings, pendants, neckwear, bracelets, and occasion couture jewellery, catering to both everyday wear and special occasions.
Priority Jewels supplies its products to independent jewellers and leading jewellery chains across India and international markets. Its clientele includes reputed names such as CaratLane Trading Pvt. Ltd., Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri Ltd., and Senco Gold Ltd.
As of December 31, 2024, the company has served over 200 customers, comprising 159 independent jewellers and 35 jewellery chains. It has established a robust market presence across 21 states and 3 union territories in India, and exports to 13 countries, including the United States of America, the United Arab Emirates, Hong Kong, and Norway.
The company operates two state-of-the-art jewellery manufacturing facilities located in Mumbai, covering a combined area of approximately 19,008.79 square feet.
Priority Jewels IPO Promoters
- Shailesh Sangani
- Manisha Shailesh Sangani
- Tushar Mehta
- Aditi Karan Motla
- Aashna Sangani Parikh
- Priority Retail Ventures Pvt Ltd
Promoters Holding
Holding Pre Issue
93.85%
Holding Post Issue
70.00%
Priority Jewels IPO Objective
The Company Priority Jewels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment/pre-payment, in full or part, of certain borrowings availed by our Company
- General corporate purposes
Priority Jewels Limited Address / Contact Details
Priority Jewels Ltd.
Plot No. 121,
Street No.15/18 MIDC,
Andheri (East)
Mumbai, Maharashtra, 400093
Phone: +91 22 6767 9898
Email: cs@priorityindia.com
Website: http://www.priorityjewels.in/
IPO Snapshot
Priority Jewels IPO Lot Size
The Priority Jewels IPO has a lot size of 75 shares. Retail investors require a minimum investment of ₹15,000 by applying for 1 lot (75 shares). The maximum application allowed for the retail category is 13 lots (975 shares), requiring an investment of ₹1,95,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 75 | 15,000.00 |
| Retail (Max) | 13 | 975 | 195,000.00 |
| S-HNI (Min) | 14 | 1,050 | 210,000.00 |
| S-HNI (Max) | 66 | 4,950 | 990,000.00 |
| B-HNI (Min) | 67 | 5,025 | 1,005,000.00 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Mefcom Capital Markets Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Priority Jewels IPO?
Priority Jewels IPO is a Book-building IPO with a total issue size of ₹91.5 crore. The Priority Jewels IPO price band is ₹190 to 200 per share. The Priority Jewels IPO subscription opens on Fri, Aug 28, 2026, and closes on Tue, Sep 1, 2026. The Priority Jewels IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Priority Jewels IPO.
When will the Priority Jewels IPO open for subscription?
The Priority Jewels IPO opens on Fri, Aug 28, 2026 and closes on Tue, Sep 1, 2026
What is Priority Jewels IPO Price Band?
Priority Jewels IPO Price Band is ₹190 to 200 per share.
What is Priority Jewels IPO Lot Size?
Priority Jewels IPO lot size is 75 shares, Retail investors need a minimum investment of ₹15000 based on the upper price band
What is the minimum investment for Priority Jewels IPO?
The minimum investment for Priority Jewels IPO is ₹15000, based on one lot of 75 shares at the upper price band of ₹200 per share.
How to apply for Priority Jewels IPO?
Investors can apply for the Priority Jewels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 1, 2026. The application amount remains blocked until the Priority Jewels IPO allotment is finalized.
What is Priority Jewels IPO Issue Size?
Priority Jewels IPO issue size is ₹91.5 crores.
What is the Priority Jewels IPO Allotment Date?
Priority Jewels IPO allotment date is Wed, Sep 2, 2026.
Who is the Priority Jewels IPO Registrar?
The registrar for Priority Jewels IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Priority Jewels IPO allotment status, refund processing, and other IPO-related information.
What is the Priority Jewels IPO GMP?
The Priority Jewels IPO GMP (Grey Market Premium) is ₹31 as of Tue, Sep 1, 2026. Based on the upper price band of ₹200 per share, the estimated Priority Jewels IPO listing price is ₹231, indicating a potential listing gain of approximately 15.50% over the issue price.
Who is the Priority Jewels IPO Lead Manager?
The book-running lead managers (BRLMs) for the Priority Jewels IPO are Mefcom Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Priority Jewels IPO Red Herring Prospectus (RHP).