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IPO ·
BSE, NSE
Priority Jewels Ltd
Listed
Incorporated in 2007, Priority Jewels designs, manufactures, and sells diamond-studded gold and platinum fine jewellery.
Issue details
Price band
₹190 – ₹200
Face value
₹10
Lot size
75 shares
Minimum investment
₹15,000
Issue size
₹91.50 Cr
Fresh issue
₹91.50 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
28 Aug 2026
Closes
1 Sep 2026
UPI mandate cut-off
5:00 PM on 1 Sep 2026
Allotment
2 Sep 2026
Refunds
3 Sep 2026
Shares in demat
3 Sep 2026
Listing
4 Sep 2026
Subscription and listing
Subscription
69.70x
Listing price
₹230
Registrar
MUFG Intime India Pvt Ltd
Lead manager
Mefcom Capital Markets
Subscription by category
Total
69.70x
Total applications
20,30,636
Anchor investors
Amount raised
₹27.45 Cr
Bid date
27 Aug 2026
50% lock-in ends
2 Oct 2026
Rest lock-in ends
1 Dec 2026
Listing day
Issue price
₹200
Open
₹230.00
High
₹241.50
Low
₹230.00
Day close
₹241.50
Listing gain at open
+15.00%
Issue structure
Shares reserved per category and share of the total issue
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 > ₹10L
4,57,500
10.00%
sNII < ₹10L
2,28,750
5.00%
Retail
16,01,250
35.00%
Total
45,75,000
100.00%
Finaccle’s quick read
Neutral
FY26 income up 24%, PAT up 68%, ROE 4.55%, D/E 0.76, post-issue P/E 13.9x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
4.55%
ROCE
6.92%
Debt / equity
0.76
PAT margin
4.39%
P/E post issue
13.9
Market cap
₹360.00 Cr
Use of IPO money
Repayment / pre-payment, in full or in part, of certain borrowings availed by Company
₹75.00 Cr
General Corporate Purposes
₹18.85 Cr
Issue Expenses
₹13.32 Cr
Strengths
✓
Revenue up 24% in FY26 to ₹539.03 Cr
✓
PAT up 68% in FY26 to ₹17.65 Cr
✓
Moderate leverage: debt to equity 0.76
Risks to watch
!
Thin PAT margin of 4.39%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.