IPO details · Updated
Priority Jewels Limited
- Price Band
- ₹190 – ₹200
- Lot Size
- 75 shares
- Min. Investment
- ₹15,000
- Issue Size
- ₹91.5 Cr
- Offer Dates
- 28 Aug – 1 Sept 2026
- Listing
- 4 Sept 2026
Issue Details
- Total Issue Size
- ₹91.5 Cr
- 45,75,000 shares
- Fresh Issue
- ₹91.5 Cr
- 45,75,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 1,34,25,000
- Shares Post-Issue
- 1,80,00,000
IPO Timeline
Offer opens
28 Aug 2026
Offer closes
1 Sept 2026
Allotment
2 Sept 2026
Listing
4 Sept 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor30.0%13,72,500 shares
- QIB20.0%9,15,000 shares
- HNI15.0%6,86,250 shares
- Retail35.0%16,01,250 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 9,15,000 | 3,64,80,225 | 39.87x |
| NII | 6,86,250 | 11,42,56,350 | 166.49x |
| Retail | 16,01,250 | 17,09,54,700 | 106.76x |
| Total | 32,02,500 | 32,16,91,275 | 100.45x |
Lot Size & Investment
1 lot = 75 shares
Retail (min)
1 lot · 75 shares
Retail (max)
13 lots · 975 shares
S-HNI (min)
14 lots · 1,050 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 75 | ₹15,000 |
| Small HNI (S-HNI) | 14 | 1,050 | ₹2,10,000 |
| Big HNI (B-HNI) | 67 | 5,025 | ₹10,05,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Assets | 310.61 | 291.95 | 309.14 | 268.99 |
| Total Income | 147.4 | 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 & Surplus | 132.36 | 125.26 | 92.29 | 91.63 |
| Total Borrowing | 110.49 | 102.59 | 145.85 | 124.96 |
Key Performance Indicators
| Period | Jun-26 | Mar-26 |
|---|---|---|
| RoNW (%) | 4.44 | 12.73 |
| EPS (₹) | — | 13.15 |
| P/E (pre-issue) | — | 15.21 |
| P/E (post-issue) | — | 13.9 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Khazanchi Jewellers Ltd | 22.24 | 27.98% |
| Rbz Jewellers Ltd | 10.08 | 18.28% |
| Ashapuri Gold Ornament | 7.02 | 11.13% |
About Priority Jewels Limited
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
Objects of the Issue
- 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)
Promoters
- <p>Shailesh Sangani
- Manisha Shailesh Sangani
- Tushar Mehta
- Aditi Karan Motla
- Aashna Sangani Parikh
- Priority Retail Ventures Pvt.Ltd.</p>
Company Information
- Book running lead managers
- Mefcom Capital Markets Ltd.
- Registered office
- Plot No. 121,, Street No.15/18 MIDC,, Andheri (East), Mumbai, Maharashtra, 400093
Official Documents
Opens the source filing in a new tab
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