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Latest GMP
- IPO Open Date
- 28th Aug 2026
- IPO Close Date
- 1st Sep 2026
- Allotment date
- 2nd Sep 2026
- Listing date
- 4th Sep 2026
- Issue Size
- ₹ 92 Cr.
- Issue Price Band
- ₹ 190 to 200
- Lot Size
- 75 Share
- Minimum Investment
- ₹ 15000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
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.
Clientele
The company sells products to independent jewellers and jewellery chains in India and globally, including 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.
Market Presence
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.
Manufacturing Facilities
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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 9,15,000 (28.57%) | 3,64,80,225 | 39.87 |
| NII | 6,86,250 (21.43%) | 11,42,56,350 | 166.49 |
| bNII (> ₹10L) | 4,57,500 (14.29%) | 6,96,40,125 | 152.22 |
| sNII (< ₹10L) | 2,28,750 (7.14%) | 4,46,16,225 | 195.04 |
| Retail | 16,01,250 (50.00%) | 17,09,54,700 | 106.76 |
| Total | 32,02,500 (100.00%) | 32,16,91,275 | 100.45 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 03-09-2026 | ₹200 | ₹30 | ₹230 ( 15.00% ) | ₹2,250.00 | 03-Sep-2026 10:05 AM |
| 31-08-2026 | ₹200 | ₹45 | ₹245 ( 22.50% ) | ₹3,375.00 | 31-Aug-2026 09:48 AM |
| 29-08-2026 | ₹200 | ₹47 | ₹247 ( 23.50% ) | ₹3,525.00 | 29-Aug-2026 12:53 PM |
| 27-08-2026 | ₹200 | ₹37 | ₹237 ( 18.50% ) | ₹2,775.00 | 27-Aug-2026 05:27 PM |
| 26-08-2026 | ₹200 | ₹30 | ₹230 ( 15.00% ) | ₹2,250.00 | 26-Aug-2026 10:24 AM |
| 25-08-2026 | ₹200 | ₹28 | ₹228 ( 14.00% ) | ₹2,100.00 | 25-Aug-2026 12:56 PM |
Financials of Priority Jewels Limited
A quick overview of the key financial performance of Priority Jewels Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 73%, Profit after Tax (PAT) decreased by 63%, Total Assets increased by 6% between FY2026 and FY2027 (Jun).
| Period Ended | FY2024 | FY2025 | FY2026 | FY2027 (Jun) |
|---|---|---|---|---|
| Revenue | 410.51 | 435.50 | 538.95 | 146.73 |
| Assets | 268.99 | 309.14 | 291.95 | 310.61 |
| Profit After Tax | 7.15 | 10.51 | 17.65 | 6.48 |
| EBITDA | 19.35 | 24.28 | 33.62 | 10.29 |
| Net Worth | 94.78 | 104.89 | 138.68 | 145.79 |
| Reserves & Surplus | 91.63 | 92.29 | 125.26 | 132.36 |
| Total Borrowings | 124.96 | 145.85 | 102.59 | 110.49 |
IPO Lot Size
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 4.55 |
| ROCE (%) | 6.92 |
| Debt / Equity | 0.76 |
| RoNW (%) | 4.44 |
| PAT Margin (%) | 4.39 |
| EBITDA Margin (%) | 7.01 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
4.99
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
93.85
-
|
| Market Cap | 269 |
IPO Lead Manager(s)
Lead Manager Details
- Mefcom Capital Markets Limited
- Contact Person: Rupesh Khant / Mukta Shirke
- SEBI Registration Number: INM000000016
- Investor Grievance Email: investor.grievance@mefcom.in
- Website: https://www.mefcomcap.in
- Email: pjl.ipo@mefcomcap.in
- Phone: +91 22 3522 7026
- Address: G-III, Ground Floor, Dalamal House, Jamnalal Bajaj Marg, Nariman Point, Mumbai 400021
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
- Phone
- +91 81081 14949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Priority Jewels Limited
- cs@priorityindia.com
- Phone
- +91 22 6767 9898
- Contact Person
- Aakriti Bhushan
- Corporate Identity Number
- U52393MH2007PLC174977
- Address
- Plot No. 121, Street No. 15/18, MIDC, Andheri (East), Mumbai City, Mumbai 400 093, Maharashtra, India
- Website
- https://priorityjewels.in/
Priority Jewels Limited FAQs
