Priority Jewels IPO Details

Bookbuilding IPO | ₹92 Cr | Listing at BSE, NSE | Fri, Aug 28, 2026 - Tue, Sep 1, 2026

IPO Details

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Priority Jewels IPO is a book build issue of ₹91.50 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹91.50 crore.

Priority Jewels IPO opens for subscription on Aug 28, 2026 and closes on Sep 1, 2026. The allotment for the Priority Jewels IPO is expected to be finalized on Sep 2, 2026. Priority Jewels IPO will list on NSE and BSE with a tentative listing date fixed as Sep 4, 2026.

Priority Jewels IPO is set issue price band at ₹190 to ₹200 per share. The lot size for an application is 75 shares. The minimum amount of investment required by an individual investor (retail) is ₹15,000 (75 shares) (based on upper price).

Mefcom Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Refer to Priority Jewels IPO RHP for detailed Information.

IPO Open

Fri, Aug 28, 2026

IPO Close

Tue, Sep 1, 2026

Price Band

₹190 to ₹200

Market Cap (Pre-IPO)

₹360.00 Cr * on Upper Price

IPO Details

IPO Date

28 Aug to 1 Sep, 2026
Listing Date

Fri, Sep 4, 2026
Face Value

₹10 per share
Price Band

₹190 to ₹200
Lot Size

75 Shares
Sale Type

Fresh capital only
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

45,75,000 shares (agg. up to ₹92 Cr)
Fresh Issue

45,75,000 shares (agg. up to ₹92 Cr)
Share Holding Pre Issue

1,34,25,000 shares
Share Holding Post Issue

1,80,00,000 shares

IPO Timetable (Tentative)

IPO Open

Fri, Aug 28, 2026
Allotment

Wed, Sep 2, 2026
Credit of Shares

Thu, Sep 3, 2026

IPO Close

Tue, Sep 1, 2026
Refund

Thu, Sep 3, 2026
Listing

Fri, Sep 4, 2026

Issue Reservation

Investor Category	Shares
QIB	Not more than 50% of the Offer
Retail	Not less than 35% of the Offer
NII	Not less than 15% of the Offer

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	₹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

About Priority Jewels Ltd.

Updated on Aug 24, 2026

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

Company Financials (Restated)

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. (Amount in ₹ Crore)

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	19.35
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

Recently Listed IPOs in Gems, Jewellery And Watches

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
Advit Jewels Ltd.	Mainboard	₹165.16 Cr	₹138	18.41	₹179.46	+30.04%	₹177.41
PNGS Reva Diamond Jewellery Ltd.	Mainboard	₹379.52 Cr	₹386	10.96	₹411.70	+6.66%	₹555.80
Shringar House of Mangalsutra Ltd.	Mainboard	₹400.92 Cr	₹165	19.47	₹184.88	+12.05%	₹230.52

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Repayment / pre-payment, in full or in part, of certain borrowings availed by Company

75.00
2 General Corporate Purposes

5.54
3 Centre for Excellence and Research
Total

75.00

Key Performance Indicator (KPI)

KPI	Jun 30, 2026	Mar 31, 2026
ROE	4.55%	14.49%
ROCE	6.92%	25.36%
Debt/Equity	0.76	0.74
RoNW	4.44%	12.73%
PAT Margin	4.39%	3.27%
EBITDA Margin	7.01%	6.24%
NAV	108.59	103.30
Price to Book Value		1.94

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	13.15	14.39
P/E (x)	15.21	13.9
Market Cap at Offer Price	₹269Cr.	₹360.00 Cr

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	93.85%
Public	6.15%
Total	100%

Company Promoters: Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh and Priority Retail Ventures Pvt.Ltd..

IPO Registrar

MUFG Intime India Pvt.Ltd.

022-49186000
priorityjewels.ipo@in.mpms.mufg.com
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IPO Lead Manager(s)

Mefcom Capital Markets Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Priority Jewels Ltd. Address

Plot No. 121,

Street No.15/18 MIDC,

Andheri (East)

Mumbai, Maharashtra, 400093

+91 22 6767 9898
cs@priorityindia.com
Visit Website

IPO FAQs

What is the Priority Jewels IPO?

Priority Jewels IPO is a main-board IPO of 45,75,000 equity shares of the face value of ₹10 aggregating up to ₹92 Crores. The issue is priced at ₹190 to ₹200. The minimum order quantity is 75.

The IPO opens on Fri, Aug 28, 2026, and closes on Tue, Sep 1, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Priority Jewels IPO through Angel One?

Angel One customers can apply online in Priority Jewels IPO using UPI as a payment gateway. Angel One customers can apply in Priority Jewels IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Priority Jewels IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Priority Jewels IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Priority Jewels IPO will open?

The Priority Jewels IPO opens on Fri, Aug 28, 2026 and closes on Tue, Sep 1, 2026.

What is the lot size of Priority Jewels IPO?

Priority Jewels IPO lot size is 75, and the minimum amount required for application is ₹15,000.

How to apply for Priority Jewels IPO?

You can apply in Priority Jewels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Priority Jewels IPO allotment?

The finalization of Basis of Allotment for Priority Jewels IPO will be done on Wednesday, September 2, 2026, and the allotted shares will be credited to your demat account by Thu, Sep 3, 2026. Check the Priority Jewels IPO allotment status.

When is Priority Jewels IPO listing date ?

The Priority Jewels IPO listing date is not yet announced. The tentative date of listing is Fri, Sep 4, 2026.