Priority Jewels Limited
OpenJewellery · Mainboard IPO · INE15EH01014
Price band
₹190 – ₹200
Lot size
75 shares
Min. investment
₹15,000
Issue size
₹92 Cr
Face value
₹10
Registrar
MUFG Intime India Pvt.Ltd.
Issue timeline
Bidding opens
28 Aug 2026
Bidding closes
01 Sept 2026
Allotment
02 Sept 2026
Listing
04 Sept 2026
Subscription
1.93x
overall
58,955
applications
₹124 Cr
bid value
| Category | Sub. (x) | Offered | Bid for | ₹ Cr* |
|---|---|---|---|---|
| Qualified Institutional (QIB) | 0.44x | 9,15,000 | 4,07,025 | 8 |
| Non-Institutional >₹10L (bNII) | 1.05x | 4,57,500 | 4,78,875 | 10 |
| Non-Institutional ₹2–10L (sNII) | 1.64x | 2,28,750 | 3,75,000 | 8 |
| Retail (RII) | 3.07x | 16,01,250 | 49,23,075 | 98 |
| Total | 1.93x | 32,02,500 | 61,83,975 | 124 |
Combined NSE + BSE subscription, sourced from the exchanges and updated periodically. * bid value approx (shares bid × cut-off price). Final subscription confirmed after the issue closes.
About the company
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.
Issue details
Issue size
₹92 Cr
Fresh issue
₹92 Cr
Industry
Jewellery
Promoter holding (pre)
93.85
Promoter holding (post)
6.15
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 410.61 | 435.87 | 539.03 |
| EBITDA | 19.35 | 24.28 | 33.62 |
| Profit after tax | 7.15 | 10.51 | 17.65 |
| Net worth | 94.78 | 104.89 | 138.61 |
| Total assets | 268.99 | 309.14 | 291.95 |
| Total borrowing | 124.96 | 145.85 | 102.59 |
Objects of the issue
- Repayment / pre-payment, in full or in part, of certain borrowings availed by Company
- General Corporate Purposes
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
Risks
- Dependence on a limited number of customers for a significant portion of revenue
- Fluctuations in gold and diamond prices
- Intense competition in the jewellery industry
- Regulatory changes affecting the jewellery sector
Documents
Calculate your bid
At cut-off price ₹200
Lots
1
- Shares
- 75
- Amount
- ₹15,000
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login
Min. investment
₹15,000