Priority Jewels IPO
ListedMainboardOpens 28 August 2026Closes 1 September 2026
Incorporated in 2007, Priority Jewels Limited is a designer and manufacturer of diamond-studded gold and platinum fine jewellery. The company offers a wide product portfolio spanning daily wear fine jewellery (rings,…
Incorporated in 2007, Priority Jewels Limited is a designer and manufacturer of diamond-studded gold and platinum fine jewellery. The company offers a wide product portfolio spanning daily wear fine jewellery (rings, earrings, pendants, bracelets, and necklaces) to high-end occasion couture jewellery. It operates two integrated manufacturing facilities in Mumbai, Maharashtra (MIDC and SEEPZ) across 19,008.79 sq. ft., supplying to independent jewellers and leading organized jewellery chains across India (including CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold, TBZ, and Senco Gold) as well as exporting to 13 international markets including the UAE, USA, Hong Kong, Belgium, and Australia.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
28 Aug
IPO Closes
1 Sept
Allotment
2 Sept
Listing
4 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 28 August 2026 |
| IPO Close Date | 1 September 2026 |
| Allotment Date | 2 September 2026 |
| Listing Date | 4 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹15,000 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,95,000 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,10,000 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,90,000 |
BHNIAbove ₹10,00,000 | 67 | ₹10,05,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Repayment / pre-payment, in full or in part, of certain working capital borrowings availed by our Company (₹75.00 Cr).
- General corporate purposes.
Strengths
- Diversified design and product portfolio specializing in diamond-studded gold and platinum fine and couture jewellery.
- Integrated manufacturing infrastructure in Mumbai (MIDC and SEEPZ) supported by CAD/CAM, 3D printing, and casting technologies.
- Long-standing relationships with leading organized retail jewellery chains (CaratLane, Kalyan, Reliance, Malabar, TBZ, Senco).
- Strong market presence across 21 Indian states and an export footprint spanning 13 international jurisdictions.
Weaknesses
- Customer concentration risk, with the top 10 customers accounting for 47.92% of FY26 revenue from operations.
- Absence of long-term supply agreements, relying primarily on short-term purchase orders from clients.
- Exposure to volatility in gold and diamond prices, currency fluctuations, and international trade tariffs in key export markets (such as the US).
- High working capital intensity requiring substantial funding for precious metal/diamond stocking and extended credit cycles (total working capital loans of ₹96.75 Cr as of June 30, 2026).
Financial Performance
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 310.61 | 291.95 | 309.14 | 268.99 |
| Revenue (₹ Cr.) | 146.73 | 538.95 | 435.5 | 410.51 |
| PAT (₹ Cr.) | 6.48 | 17.65 | 10.51 | 7.15 |
| Net Worth (₹ Cr.) | 145.66 | 138.61 | 104.89 | 94.78 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Priority Jewels | 1.94 | 15.21 | 12.73% | 138.61 |
| Ashapuri Gold Ornament | 0.79 | 6.34 | 11.13% | 5 |
| RBZ Jewellers Ltd | 1.84 | 9.74 | 18.28% | 74.96 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.44x | 1.68x | 39.87x |
| NII | 1.24x | 42.34x | 166.49x |
| S-HNI | 1.64x | 59.8x | 195.03x |
| B-HNI | 1.05x | 33.6x | 152.22x |
| RII | 3.07x | 39.02x | 106.72x |
| Total | 1.93x | 29.06x | 100.43x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 9,15,000 | 3,64,80,225 | 729.6 |
| NII | 6,86,250 | 11,42,54,250 | 2,285.08 |
| Small NII | 2,28,750 | 4,46,14,125 | 892.28 |
| Big NII | 4,57,500 | 6,96,40,125 | 1,392.8 |
| RII | 16,01,250 | 17,08,84,125 | 3,417.68 |
| Total | 32,02,500 | 32,16,18,600 | 6,432.37 |
Company Details
- Priority Jewels Limited
- Plot No. 121, Street No. 15/18 MIDC, Andheri (East), Mumbai City, Mumbai, Maharashtra, India, 400093
- +91 22 6767 9898
- cs@priorityindia.com
- https://www.priorityjewels.in/
Registrar Details
- MUFG Intime India Private Limited
- +91 81081 14949
- priorityjewels.ipo@in.mpms.mufg.com
- https://in.mpms.mufg.com/
Frequently Asked Questions
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Priority Jewels IPO News & Updates
Follow the latest updates for Priority Jewels IPO, including grey market moves and allotment news.
Priority Jewels IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Priority Jewels IPO Details
Issue size, price, financials, and company info
Priority Jewels IPO GMP
Live grey market premium and listing estimate
Priority Jewels IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Priority Jewels IPO Allotment
Allotment date, chances, and check by PAN
Priority Jewels IPO Review
SWOT, strengths, risks, and IPO review
Priority Jewels IPO FAQ
Common questions on dates, GMP, and allotment
Priority Jewels IPO Registrar
Registrar website and how to check allotment
Priority Jewels IPO Timeline
Open, close, allotment, and listing dates
Priority Jewels IPO News
Updates, blogs, and latest IPO news
Sources
We match Priority Jewels IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.