Priority Jewels IPO Details
Priority Jewels IPO Summary
Priority Jewels IPO opens for subscription on 28 Aug 2026 and closes on 01 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 04 Sep 2026.
Priority Jewels IPO price band has been fixed at ₹190 – ₹200 per share. The face value is ₹10 per share with a lot size of 75.
Priority Jewels IPO total issue size comprises 45,75,000 shares (aggregating up to ₹91.50 Cr). This includes a fresh issue of 45,75,000 shares (aggregating up to ₹91.50 Cr). Pre-issue shareholding stands at 1,34,25,000, which will increase to 1,80,00,000 post-issue.
Priority Jewels IPO carries a ₹28 (14%) GMP, reflecting investor sentiment.
Priority Jewels IPO Lot Size :Retail Minimum is 1 lot (75 shares) amounting to ₹15,000. Retail Maximum is 13 lots (975 shares) amounting to ₹1,95,000. SHNI Minimum is 14 lots (1,050 shares) amounting to ₹2,10,000. SHNI Maximum is 66 lots (4,950 shares) amounting to ₹9,90,000. BHNI Minimum is 67 lots (5,025 shares) amounting to ₹10,05,000.
Priority Jewels IPO Details
Priority Jewels IPO Subscription
Priority Jewels IPO Application Wise Breakup (Approx)
Priority Jewels IPO Dates
- 28 Aug 2026Opening dateOpen
- 01 Sep 2026Closing dateClose
- 02 Sep 2026Allotment Date Allotment
- 03 Sep 2026Initiation of RefundsRefund
- 03 Sep 2026Credit of SharesCredit
- 04 Sep 2026Listing dateListing
Priority Jewels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 75 | ₹15,000 |
| Retail Maximum | 13 | 975 | ₹1,95,000 |
| SHNI Minimum | 14 | 1050 | ₹2,10,000 |
| SHNI Maximum | 66 | 4950 | ₹9,90,000 |
| BHNI Minimum | 67 | 5025 | ₹10,05,000 |
Priority Jewels IPO Reservation
Promoter Holding
Documents
Priority Jewels IPO Valuations
Priority Jewels Financial Information
| 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 |
| Amount in ₹ Crore | ||||
About Priority Jewels IPO
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.
Strength Of Priority Jewels IPO
- Diversified product portfolio supported by design capabilities and customer-centric approach.
- Integrated manufacturing facilities and established operational systems.
- Experienced Promoters and leadership team.
- Longstanding relationships with customers.
- Strong presence across domestic and international markets.
Risk Of Priority Jewels IPO
- We derived 53.19% of our revenue from our top ten customers for the period ended June 30, 2026, of which 33.36% of our revenue was derived from our top five customers. Loss of such customers or reduction in business from such customers will have a significant adverse impact on our business and results of operation.
- The non-availability or high cost of gold, diamonds, precious and semi-precious metals and stones may have an adverse effect on our business, results of operations, financial condition and prospects. The cost of raw materials and components consumed as a percentage of our total expenses, for the three months ended June 30, 2026 and Fiscals 2026, 2025, and 2024 was 108.13%, 92.53%, 85.41%, and 86.37% respectively. Further, we do not have long term agreements for supply of our raw materials. Any disruption in the timely procurement of these materials from our existing vendors, or a failure to source suitable alternatives on acceptable terms, could adversely impact our production schedules, increase our costs, and materially affect our business and financial condition.
- We purchased 59.40% of our total raw materials and other components from our top 10 suppliers for the three months ended June 30, 2026 of which, our top 3 suppliers contributed towards 34.85%, and our top 5 suppliers contributed 43.44%, of our total purchases of raw materials and other components. A continued dependence on a concentrated supplier base may adversely affect our ability to manage our supply chain efficiently and could have a material adverse effect on our business, results of operations, cash flows, and financial condition.
- We have not entered into any long-term contracts with our clients to whom we supply our products. In the absence of long-term contracts, we cannot assure you that we will be able to maintain continuous demand of our products in the future, including from our top 10 customers, which may adversely affect our financial performance.
- Our significant export operations are subject to international market risks that could materially affect our business, results of operations, and financial condition. Further, our sources of export revenue are concentrated to certain geographical locations. For the three months ended June 30, 2026 and Fiscals 2026, 2025, and 2024, export sales to our largest jurisdiction accounted for 40.65%, 37.46%, 39.61%, and 37.62%, respectively of our total export revenues. Additionally, compliance with export norms, and customs-related uncertainties could adversely affect our financial condition and results of operations.
- We are significantly dependent on our customers located in Maharashtra. For the three months ended June 30, 2026 and Fiscals 2026, 2025, and 2024, we derived 58.19%, 69.13%, 74.48%, and 70.73%, of our total domestic revenue from sales in Maharashtra. Loss of customers and revenue in Maharashtra could materially affect our business, results of operations, and financial condition.
- We operate in a single business segment, and any adverse developments in this segment could have a material adverse effect on our business, financial condition, and results of operations.
- Any downgrade in our credit ratings could increase our borrowing costs, affect our ability to obtain financing, and adversely affect our business, results of operations and financial condition.
- Our business is dependent and will continue to depend on our manufacturing facilities situated in Maharashtra, which exposes us to regional risks and risks in relation to our manufacturing process. Any disruption, slowdown, or shutdown in our manufacturing operations could adversely affect our business, results of operations, financial condition and cash flows.
- We have issued Equity Shares during the preceding twelve months (by way of the Pre-IPO Placement) at a price which may be below the Issue Price.
Objectives Priority Jewels IPO
1. Repayment / pre-payment, in full or in part, of certain borrowings availed by our Company
2. General corporate purposes
Company Contact Details
Priority Jewels Limited
Plot No. 121,
Street No.15/18 MIDC,
Andheri (East)
Mumbai, Maharashtra
Phone: +91 22 6767 9898
Email: cs@priorityindia.com
Website: http://www.priorityjewels.in/
Registrar Contact Details
Priority Jewels FAQs
The Priority Jewels IPO is a MAINBOARD public issue comprising 4575000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹91.50 Cr. The issue price has been fixed at ₹200 per equity share, and the minimum application size is 75 shares.
The IPO opens for subscription on 28 Aug 2026, and closes on 01 Sep 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹28 (14%).
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