Priority Jewels IPO
Bookbuilding IPO | ₹92.00 Cr | Listing at BSE, NSE
IPO Open
Fri, Aug 28, 2026
IPO Close
Tue, Sep 01, 2026
Price Band
₹190.00 to ₹200.00
Market Cap (Pre-IPO)
₹360.00 Cr
IPO Details
| IPO Date | Aug 28, 2026 to Sep 01, 2026 |
| Listing Date | Tentative: Sep 04, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹190.00 to ₹200.00 |
| Lot Size | 75 Shares (Minimum: ₹15,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹92.00 Crores |
| Total Shares Offered | 4,575,000 shares |
| Fresh Issue | 4,575,000 shares |
| Offer For Sale | 4,575,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 0.44x |
| NII | 1.24x |
| RII | 3.07x |
| Total | 1.93x |
Priority Jewels IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50.00 |
| Retail Shares Offered | 35.00 |
| NII Shares Offered | 15.00 |
Priority Jewels IPO Lot Size
Investors can bid for a minimum of 75 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹15,000 |
| Retail (Max) | 13 | 975 | ₹195,000 |
| S-HNI (Min) | 14 | 1,050 | ₹195,000 |
| S-HNI (Max) | 66 | 4,950 | ₹990,000 |
| B-HNI (Min) | 5025 | 5,025 | ₹1,005,000 |
Priority Jewels Financial Information (Restated Consolidated)
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.
| 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 | 7.15 |
| 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 ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 14.49% |
| ROCE (Return on Capital Employed) | 25.36% |
| Debt/Equity | 0.74 |
| RoNW (Return on Net Worth) | 12.73% |
| PAT Margin (Profit After Tax Margin) | 3.27% |
| EBITDA Margin | 6.24% |
| Price to Book Value | 1.94 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 13.15 | 14.39 |
| P/E (x) | 15.21 | 13.90 |
Company Overview
Priority Jewels Ltd. – Company Overview
- Priority Jewels Ltd. is engaged in the design, manufacturing, and sale of diamond-studded gold and platinum fine jewellery.
- The company offers a wide range of jewellery, including daily-wear and occasion-based products.
- The company primarily sells its products to independent jewellers and jewellery chains in India and international markets.
- Its key customers include CaratLane Trading, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri, and Senco Gold.
- As of June 30, 2026, the company had served 200+ customers, including 125 independent jewellers and 53 jewellery chains.
- The company has a strong market presence across 21 states and 3 union territories in India and exports its products to 13 countries, including the USA, UAE, Hong Kong, and Norway.
- Priority Jewels operates two jewellery manufacturing facilities in Mumbai, spread across approximately 19,008.79 sq. ft.
Company 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
Use of Proceeds
| 1) | Repayment / pre-payment, in full or in part, of certain borrowings availed by Company | 75.00 |
| 2) | General Corporate Purposes | |
| Total | 75.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Priority Jewels IPO Peer Comparison
Priority Jewels peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Priority Jewels | 14.03 | 14.03 | 103.30 | - | 12.73 | - | Consolidated |
| Khazanchi Jewellers Ltd | 36.10 | 36.10 | 129.13 | 22.24 | 27.98 | 6.22 | Standalone |
| Rbz Jewellers Ltd | 13.70 | 13.70 | 74.96 | 10.08 | 18.28 | 1.86 | Standalone |
| Ashapuri Gold Ornament | 0.56 | 0.56 | 5.00 | 7.02 | 11.13 | 0.60 | Standalone |
Quick Info
| Sector | Gems, Jewellery & Precious Metals |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹360.00 Cr |
Important Dates
| IPO Open | Aug 28, 2026 |
| IPO Close | Sep 01, 2026 |
| Allotment Date | Sep 02, 2026 |
| Credit to Demat | Sep 03, 2026 |
| Listing Date | Tentative: Sep 04, 2026 |
Lead Manager(s)
Mefcom Capital Markets Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹91.50 crores.
- Issue Structure: Entirely a fresh issue of 45.75 lakh shares aggregating to ₹91.50 crores.
- IPO Dates: The issue opened on August 28, 2026 and closes on September 1, 2026.
- Allotment Date: The allotment is expected to be finalized on September 2, 2026.
- Listing Details: The shares are proposed to be listed on both NSE and BSE on September 4, 2026.
- Retail Investment Requirement: Minimum 1 lot (75 shares) amounting to approximately ₹15,000 (at the upper price band).
- Issue Price Band: ₹190 to ₹200 per equity share.
- Lot Size: 75 shares per lot.
This IPO offers investors an opportunity to participate in the jewellery sector through an entirely fresh issue of shares.