Priority Jewels IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Retail)
₹15,000
1 lot · 75 shares at the upper price band
Price band
₹200
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹91.5 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹200
- Issue size
- ₹91.5 Cr
- Lot size
- 75
- Opens
- 28 Aug 2026
- Closes
- 1 Sept 2026
- Allotment
- 2 Sept 2026
- Listing
- 4 Sept 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- MUFG Intime India Pvt.Ltd.
- Minimum investment
- ₹15,000 (1 lot · 75 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Fresh issue
- ₹92 Cr
- Listing at
- BSE, NSE
- Refunds
- 3 Sept 2026
- Shares credited
- 3 Sept 2026
- Promoter holding
- 93.85% before · 70% after
- Lead managers
- Mefcom Capital Markets Ltd.
Offer documents & links
Subscription by category
As of 1 Sept 2026, 1:23 pm.
Total subscription
70.31x
Full issue details
Details as published for this issue, read 11 Sept 2026, 5:00 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 28 Aug to 1 Sep, 2026 |
|---|---|
| Listed on | Fri, Sep 4, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹190 to ₹200 |
| Issue Price | ₹200 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 45,75,000 shares (agg. up to ₹ 92 Cr) |
|---|---|
| Fresh Issue | 45,75,000 shares (agg. up to ₹ 92 Cr) |
| Share Holding Pre Issue | 1,34,25,000 shares |
| Share Holding Post Issue | 1,80,00,000 shares |
| BSE Script Code / NSE Symbol | 544899 / PRIORITY |
| ISIN | INE15EH01014 |
IPO Timetable
- IPO Open
- Fri, Aug 28, 2026
- IPO Close
- Tue, Sep 1, 2026
- Allotment
- Wed, Sep 2, 2026
- Refund
- Thu, Sep 3, 2026
- Credit of Shares
- Thu, Sep 3, 2026
- Listing
- Fri, Sep 4, 2026
Issue Reservation
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 22,87,500 | 50.00% | NA |
| − Anchor Investor | 13,72,500 | 30.00% | NA |
| − QIB (Ex. Anchor) | 9,15,000 | 20.00% | NA |
| NII (HNI) | 6,86,250 | 15.00% | NA |
| − bNII > ₹10L | 4,57,500 | 10.00% | 435 |
| − sNII < ₹10L | 2,28,750 | 5.00% | 217 |
| Retail | 16,01,250 | 35.00% | 21,350 |
| Total | 45,75,000 | 100.00% | — |
Priority Jewels IPO comprises a total issue size of 45,75,000 shares. Out of which, 22,87,500 (50.00%) are allocated to QIB , 6,86,250 (15.00%) allocated to NII 16,01,250 (35.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹15,000 |
| Retail (Max) | 13 | 975 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1050 | ₹2,10,000 |
| S-HNI (Max) | 66 | 4950 | ₹9,90,000 |
| B-HNI (Min) | 67 | 5025 | ₹10,05,000 |
Investors can bid for a minimum of 75 shares and in multiples thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Thu, Aug 27, 2026 |
|---|---|
| Shares Offered | 13,72,500 |
| Anchor Portion (₹ Cr.) | 27.45 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 2, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 1, 2026 |
Priority Jewels IPO raises ₹ 27.45 crore from anchor investors . Priority Jewels IPO Anchor bid date is August 27, 2026 .
IPO Anchor Investors List
About Priority Jewels Ltd.
Incorporated in 2007, Priority Jewels designs, manufactures, and sells diamond-studded gold and platinum fine jewellery. It offers a variety of daily wear jewellery products, like rings, earrings, pendants, neckware, bracelets, and occasion couture jewellery.
The company sells products to independent jewellers and jewellery chains in India and globally, like CaratLane Trading Pvt Ltd, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Thribhovandas Bhimji Zaveri Ltd, and Senco Gold Ltd.
As of June 30, 2026, it has served over 200 customers, including 125 independent jewellers and 53 jewellery chains. The company has a strong market presence across 21 states and 3 union territories, and exports products to 13 countries, including the United States of America, UAE, Hong Kong, and Norway.
It has two jewellery manufacturing facilities in Mumbai across 19,008.79 square feet.
Competitive Strengths
Diversified product portfolio with strong design capabilities
Integrated manufacturing facility in Mumbai
Experienced promoters and leaders
Longstanding relationship with customers
Strong market presence across domestic and international markets
Company Financials (Restated)
| 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 |
| Reserves and Surplus | 132.36 | 125.26 | 92.29 | 91.63 |
| Total Borrowing | 110.49 | 102.59 | 145.85 | 124.96 |
| Amount in ₹ Crore |
Priority Jewels Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 68% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Gems, Jewellery And Watches
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shankesh Jewellers Ltd. | Mainboard | ₹367.18 Cr | ₹93 | 10.24 | ₹94.82 | +1.96% | ₹98.41 |
| Lalithaa Jewellery Mart Ltd. | Mainboard | ₹1,700.00 Cr | ₹201 | 9.95 | ₹248.44 | +23.60% | ₹337.60 |
| Advit Jewels Ltd. | Mainboard | ₹165.16 Cr | ₹138 | 18.41 | ₹179.46 | +30.04% | ₹267.51 |
| PNGS Reva Diamond Jewellery Ltd. | Mainboard | ₹379.52 Cr | ₹386 | 10.96 | ₹411.70 | +6.66% | ₹504.70 |
| Shringar House of Mangalsutra Ltd. | Mainboard | ₹400.92 Cr | ₹165 | 19.47 | ₹184.88 | +12.05% | ₹216.79 |
| SMR Jewels Ltd. | SME | ₹63.74 Cr | ₹128 | 18.01 | ₹103.05 | -19.49% | ₹98.00 |
| Yaashvi Jewellers Ltd. | SME | ₹43.88 Cr | ₹83 | 5.6 | ₹87.05 | +4.88% | ₹80.95 |
| Grover Jewells Ltd. | SME | ₹33.83 Cr | ₹88 | 12.31 | ₹100.80 | +14.55% | ₹260.00 |
| Luxury Time Ltd. | SME | ₹18.74 Cr | ₹82 | 12.57 | ₹163.59 | +99.50% | ₹64.00 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment / pre-payment, in full or in part, of certain borrowings availed by Company | 75.00 |
| 2 | General Corporate Purposes | 18.85 |
| 3 | Issue Expenses | 13.32 |
| Total | 107.18 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| 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 | — | 1.94 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 13.15 | 14.39 |
| P/E (x) | 15.21 | 13.9 |
| Market Cap at Offer Price | ₹269Cr. | ₹434.70 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 93.85% | 70% |
| Public | 6.15% | 30.00% |
| Total | 100% | 100% |
Company Promoters: Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh and Priority Retail Ventures Pvt.Ltd..
Priority Jewels IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 6 | 1 | 1 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 39.87 | 9,15,000 | 3,64,80,225 |
| NII | 166.49 | 6,86,250 | 11,42,56,350 |
| bNII (> ₹10L) | 152.22 | 4,57,500 | 6,96,40,125 |
| sNII (< ₹10L) | 195.04 | 2,28,750 | 4,46,16,225 |
| Retail | 106.76 | 16,01,250 | 17,09,54,700 |
| Total | 100.45 | 32,02,500 | 32,16,91,275 |
The Priority Jewels IPO is subscribed 100.45 times on September 1, 2026 6:53:35 PM (Day 3). The public issue subscribed 106.76 times in the retail category, 39.87 times in the QIB category, and 166.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 20,80,254
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager and commissions (including underwriting commission, brokerage and selling commission | 9.14 |
| 2 | Commission/processing/uploading fee for SCSBs, Sponsor Bank(s) and Banker(s) to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs | 1.63 |
| 3 | Fees payable to the Registrar to the Issue | 0.18 |
| 4 | Advertising and marketing expenses | 0.44 |
| 5 | Listing fees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses | 0.10 |
| 6 | Printing and distribution of stationery | 0.20 |
| 7 | Fees payable to the legal counsels to the Issue | 0.90 |
| 8 | Fees payable to the statutory auditor | 0.28 |
| 9 | Fees payable to the industry service provider | 0.09 |
| 10 | Miscellaneous | 0.36 |
| Total | 13.32 |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹ 200.00 | ₹ 200.00 |
| Open | ₹ 225.20 | ₹ 230.00 |
| Low | ₹ 225.20 | ₹ 230.00 |
| High | ₹ 236.45 | ₹ 241.50 |
| Last Trade | ₹ 236.45 | ₹ 241.50 |
Check IPO Performance…
IPO Registrar
MUFG Intime India Pvt.Ltd.
022-49186000
priorityjewels.ipo@in.mpms.mufg.com
IPO Lead Manager(s)
Mefcom Capital Markets Ltd.
Contact Details
Priority Jewels Ltd. Address
Plot No. 121,
Street No.15/18 MIDC,
Andheri (East)
Mumbai, Maharashtra , 400093
+91 22 6767 9898
cs@priorityindia.com
Priority Jewels IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Fox & Mandal advises Priority Jewels Ltd on its IPO and listing on NSE and BSE
scconline.com · 8 Sept 2026
Fox & Mandal: Priority Jewels IPO India Legal Counsel for Successful Listing
Wansom AI · 8 Sept 2026
Fox & Mandal advises Priority Jewels Ltd on its IPO and listing on NSE and BSE
scconline.com · 8 Sept 2026
Priority Jewels IPO ends with 100.45 times subscription
Business Standard · 4 Sept 2026
Priority Jewels Lists At 15% Premium After 100x Subscribed IPO
BW Businessworld · 4 Sept 2026
Priority Jewels Lists 20.75% Higher; IPO Subscribed 100.45×
HDFC Sky · 4 Sept 2026
Priority Jewels IPO Listing Today: Check Share Price
Univest · 4 Sept 2026
Priority Jewels gains on debut
Business Standard · 4 Sept 2026
