Priority Jewels IPO: Price Band, Lot Size, Financials & Review
Priority Jewels IPO listed on BSE & NSE on Fri, 4 Sep 2026. The issue was subscribed 100.45x overall.
- Open Date
- 28 Aug 2026
- Close Date
- 1 Sep 2026
Last updated
- Price band
- ₹190 – ₹200
- Lot size
- 75 shares
- Min. investment
- ₹15,000
- Issue size
- ₹91.5 Cr
- Last GMP
- +₹28
- Subscribed
- 🔥 100.45x
Priority Jewels IPO details
Priority Jewels IPO is a ₹91.5 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Fri, 28 Aug 2026 to Tue, 1 Sep 2026. Allotment was finalised on Wed, 2 Sep 2026, and the shares listed on BSE & NSE on Fri, 4 Sep 2026.
The price band is ₹190 to ₹200 per share and the lot size is 75 shares, so the minimum retail application is ₹15,000. Retail investors can apply for up to 13 lots (975 shares, ₹1,95,000).
MUFG Intime India Pvt Ltd is the registrar, and Mefcom Capital Markets Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Priority Jewels IPO GMP before listing was +₹28 (+14.00% against the upper price band of ₹200), implying an estimated listing price of ₹228. Across 10 days of tracking, GMP ranged from +₹20 (26 Aug) to +₹45 (28 Aug).
| Last GMP | +₹28 |
|---|---|
| GMP vs upper band | +14.00% |
| Estimated listing price | ₹228 |
| Highest (28 Aug) | +₹45 |
| Lowest (26 Aug) | +₹20 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Priority Jewels IPO day-wise GMP.
Subscription
Day-wise subscription →Priority Jewels IPO was subscribed 100.45x overall: QIB 39.87x, NII 166.49x and retail 106.76x.
| Category | Subscribed |
|---|---|
| QIB | 39.87x |
| NII | 166.49x |
| └ bNII (above ₹10 lakh) | 152.22x |
| └ sNII (₹2–10 lakh) | 195.04x |
| Retail | 106.76x |
| Total | 100.45x |
Final figures at the close of bidding on 1 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Priority Jewels IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 13,72,500 | 30.00% |
| Qualified Institutions | 9,15,000 | 20.00% |
| Non-Institutional | 6,86,250 | 15.00% |
| └ BNII | 4,57,500 | 10.00% |
| └ SNII | 2,28,750 | 5.00% |
| Retail Investors | 16,01,250 | 35.00% |
| Total | 45,75,000 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Priority Jewels IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹15,000 |
| Retail (Max) | 13 | 975 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,050 | ₹2,10,000 |
| S-HNI (Max) | 66 | 4,950 | ₹9,90,000 |
| B-HNI (Min) | 67 | 5,025 | ₹10,05,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹200, the issue is priced at 15.21x pre-issue earnings and 13.90x post-issue earnings per share.
Listed peers with positive earnings trade at a median P/E of 10.08x (3 companies).
Promoter holding falls from 93.85% before the issue to 70.00% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹13.15 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 15.21x |
| EPS (post-issue) EPS on the enlarged share capital | ₹14.39 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 13.90x |
| Promoter holding (pre-issue) | 93.85% |
| Promoter holding (post-issue) | 70.00% |
Priority Jewels Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹435.87 Cr to ₹539.03 Cr, and profit after tax rose from ₹10.51 Cr to ₹17.65 Cr. The PAT margin for 31 Mar 2026 was 3.27%.
| Period ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 310.61 | 291.95 | 309.14 | 268.99 |
| Total Income | 147.40 | 539.03 | 435.87 | 410.61 |
| Profit After Tax | 6.48 | 17.65 | 10.51 | 7.15 |
| EBITDA | 10.29 | 33.62 | 24.28 | 19.35 |
| 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 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 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 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Priority Jewels Ltd | 10 | — | 14.03 | 14.03 | 12.73% | 103.30 |
| Khazanchi Jewellers Ltd | 10 | 22.24 | 36.10 | 36.10 | 27.98% | 129.13 |
| RBZ Jewellers Ltd | 10 | 10.08 | 13.70 | 13.70 | 18.28% | 74.96 |
| Ashapuri Gold Ornament Ltd | 1 | 7.02 | 0.56 | 0.56 | 11.13% | 5.00 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availed by our Company |
| 2 | General corporate purposes |
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.
Promoters
- Shailesh Sangani
- Manisha Shailesh Sangani
- Tushar Mehta
- Aditi Karan Motla
- Aashna Sangani Parikh
- Priority Retail Ventures Pvt Ltd
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/
Priority Jewels IPO FAQs
- What is the Priority Jewels IPO price band?
- The Priority Jewels IPO price band is ₹190 to ₹200 per share.
- What is the Priority Jewels IPO lot size and minimum investment?
- The Priority Jewels IPO lot size is 75 shares. The minimum retail investment is ₹15,000 for one lot at the upper price band. Retail investors can apply for up to 13 lots (975 shares), costing ₹1,95,000.
- When was Priority Jewels IPO open for subscription?
- Priority Jewels IPO was open for subscription from Fri, 28 Aug 2026 to Tue, 1 Sep 2026.
- What is the Priority Jewels IPO subscription status?
- Priority Jewels IPO was subscribed 100.45x overall: QIB 39.87x, NII 166.49x and retail 106.76x. Day-wise and category-wise figures are on the subscription page.
- What was the Priority Jewels IPO GMP before listing?
- The last Priority Jewels IPO GMP before listing was +₹28 (+14.00% against the upper price band of ₹200), implying an estimated listing price of ₹228. Across 10 days of tracking, GMP ranged from +₹20 (26 Aug) to +₹45 (28 Aug). GMP is an unofficial grey market indicator and can change quickly.
- What is the Priority Jewels IPO allotment date?
- The Priority Jewels IPO basis of allotment was finalised on Wed, 2 Sep 2026. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the Priority Jewels IPO listing date?
- Priority Jewels IPO listed on BSE & NSE on Fri, 4 Sep 2026.
- Is the Priority Jewels IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Priority Jewels IPO?
- The registrar for the Priority Jewels IPO is MUFG Intime India Pvt Ltd, and the book running lead manager is Mefcom Capital Markets Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.