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Priority Jewels IPOLISTED
Priority Jewels is engaged in designing, manufacturing and selling diamond-studded gold and platinum fine jewellery, offering daily wear and occasion-based products across domestic and international markets.
Listing price
₹230
Listing gain
+15.00%
Current
₹230
Listed
04 Sept 26
Opens
28 Aug 26Closes
01 Sept 26Allotment
02 Sept 26Refund
03 Sept 26Demat
03 Sept 26Listing
04 Sept 26Listed at
₹230
+15.00% on 04 Sept 26
Overview
Price band
₹190-200
Lot size
75 shares
Min. investment
₹15,000
Issue size
₹91.50 Cr
45.75 L shares
Fresh issue
₹91.5 Cr
45.75 L shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Anchor Investor | 13,72,500 | 30% |
| QIB | 9,15,000 | 20% |
| NII (HNI) | 6,86,250 | 15% |
| B-HNI | 4,57,500 | 10% |
| S-HNI | 2,28,750 | 5% |
| Individual | 16,01,250 | 35% |
| Total | 45,75,000 | 100% |
Lot size & investment
| 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 |
Listing performance
NSE/BSE: PRIORITYListing gain
+15.00%
Gain per retail lot
₹2,250
Latest vs issue
—
GMP was
₹30 (+15.00%)
Issue price
GMP estimate
Listing price
Latest price appears here during market hours.
Priority Jewels Live GMP
Latest GMP
₹30
All-time high
₹45
All-time low
₹26
Subscription
02 Sept, 12:00 amOversubscribed 100.45 times · 20,80,254 applications
Total applications
20,80,254
Total bid amount
₹6,434 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 9,15,000 | 3,64,80,225 | 39.87x | ₹730 Cr |
| NII (HNI) | 6,86,250 | 11,42,56,350 | 166.49x | ₹2,285 Cr |
| B-HNI | 4,57,500 | 6,96,40,125 | 152.22x | ₹1,393 Cr |
| S-HNI | 2,28,750 | 4,46,16,225 | 195.04x | ₹892 Cr |
| Retail | 16,01,250 | 17,09,54,700 | 106.76x | ₹3,419 Cr |
| Total | 32,02,500 | 32,16,91,275 | 100.45x | ₹6,434 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 436 | 13,638 | 31.28x |
| S-HNI | 218 | 41,134 | 188.69x |
| Retail | 21,350 | 20,27,964 | 94.99x |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
4.55%
PAT Margin
4.39%
ROCE
6.92%
EBITDA Margin
7.01%
Debt to Equity Ratio
0.76
RoNW
4.44%
Valuation vs listed peers
EPS Pre IPO
₹13.15
EPS Post IPO
₹14.39
P/E Pre IPO
15.21
P/E Post IPO
13.9
Price-to-earnings
| Company | P/E | P/B | RoNW | Face value |
|---|---|---|---|---|
| Khazanchi Jewellers Ltd | 22.24 | — | — | — |
| RBZ Jewellers Ltd | 10.08 | — | — | — |
| Ashapuri Gold Ornament Ltd | 7.02 | — | — | — |
Peer median P/E 10.1× · Ratios as disclosed in the offer document.
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+31.3%
Profit growth FY24 → FY26
+146.9%
P/E vs peer median
13.9× vs 10.1×
- PAT margin 4.4% and ROCE 6.9%.
- Priced above its listed-peer median P/E.
Strengths & risks
- Diversified product portfolio with strong in-house design capabilities.
- Integrated manufacturing facilities with end-to-end production capabilities.
- Longstanding relationships with leading jewellery retailers.
- Strong presence across domestic and international markets.
- Experienced promoters and management team.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment / pre-payment, in full or in part, of certain borrowings availed by Company . | 75 |
| General Corporate Purposes. | - |
Company & documents
Priority Jewels Limited designs, manufactures, and sells lightweight diamond-studded gold and platinum jewellery, including rings, earrings, pendants, neckwear, bracelets, and occasion couture jewellery. It also manufactures lab-grown diamond jewellery based on customer requirements.
The company sells its products to independent jewellers and jewellery chains in India and select international markets, including major retailers such as CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, TBZ, and Senco Gold.
As of June 30, 2026, the company served over 200 customers, including 125 independent jewellers and 53 jewellery chains. It had a presence across 21 states and three union territories in India and exported its products to 13 countries.
Priority Jewels operates two integrated jewellery manufacturing facilities in Mumbai, spanning 19,008.79 sq. ft. and 6,821.84 sq. ft., respectively, with a combined manufacturing capacity of approximately 700 kg per annum.
As of June 30, 2026, the company had 211 permanent employees and 245 contractual workers.
Registrar
MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: priorityjewels.ipo@in.mpms.mufg.com
Web: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Company contact
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
Book running lead managers
- Mefcom Capital Markets Ltd.
Promoters
- Shailesh Sangani
- Manisha Shailesh Sangani
- Tushar Mehta
- Aditi Karan Motla
- Aashna Sangani Parikh
- Priority Retail Ventures Pvt. Ltd.