Priority Jewels IPO 2026: Price Band, Dates, Lot Size & Key Details

Reviewed by BuyUnlistedShares Research Desk

Priority Jewels Limited, a Mumbai-based designer and manufacturer of diamond-studded gold and platinum fine jewellery, is launching its initial public offering (IPO) on the mainboard segment of the stock exchanges. The IPO gives investors a window to bid for shares before the company lists. Below is a complete, easy-to-read breakdown of the price band, key dates, lot size, issue structure, and business snapshot of the Priority Jewels IPO 2026.

Priority Jewels IPO: Key Details at a Glance

Price Band and Lot Size Explained

The price band for the Priority Jewels IPO has been fixed at ₹190 (lower end) to ₹200 (upper end) per equity share, with a face value of ₹10 each. The applicable lot size is 75 equity shares, and retail investors can apply for a minimum of 1 lot and a maximum of 13 lots. Key points to note:

• Minimum lot: 75 shares → ₹14,250 (lower band) to ₹15,000 (upper band)

• Maximum retail application: 13 lots (975 shares) → up to ₹1,95,000

• Retail investor quota: 35% of the net offer

• Qualified Institutional Buyer (QIB) quota: 50% of the net offer

• Non-Institutional Investor (NII/HNI) quota: 15% of the net offer

• Application modes: ASBA (through net banking) or UPI (through brokers)

IPO Structure and Objects of the Issue

The Priority Jewels IPO is a book-built issue comprising a fresh issue of shares aggregating up to approximately ₹91.50 crore. As per the offer documents, the net proceeds from the fresh issue are proposed to be used for:

• Debt repayment: Approx. ₹75 crore towards repayment or prepayment, in full or in part, of certain outstanding borrowings

• General corporate purposes: Remaining proceeds for general corporate needs

Financial Performance

As per the offer documents, Priority Jewels' revenue and profitability showed strong year-on-year growth:

• Revenue: Grew from ₹435.87 crore in FY25 to ₹539.03 crore in FY26, an increase of about 24%

• Net Profit (PAT): Grew from ₹10.51 crore in FY25 to ₹17.65 crore in FY26, an increase of about 68%

• Outstanding borrowings: ₹110.49 crore as of June 2026, of which a portion is proposed to be repaid using IPO proceeds

How to Apply for the Priority Jewels IPO

• Step 1: Log in to your broker's trading app or your bank's net banking/ASBA facility

• Step 2: Search for 'Priority Jewels Limited' in the IPO section

• Step 3: Select the number of lots (minimum 1 lot, maximum 13 lots for retail investors) within the price band

• Step 4: Enter your UPI ID (for UPI applications) or authorise via ASBA

• Step 5: Approve the mandate request in your UPI app to block the application amount

• Step 6: Track allotment status on the registrar's website using PAN, application number, or DP/Client ID

Points Investors Should Note

• Working capital intensity: Jewellery manufacturing is a working-capital-intensive business, and the company carried outstanding borrowings of ₹110.49 crore as of June 2026

• Debt reduction plan: A significant share of the fresh issue proceeds (₹75 crore) is earmarked for repaying borrowings, which could help reduce finance costs going forward

• Gold and diamond price sensitivity: As a fine jewellery manufacturer, the business is exposed to fluctuations in gold, platinum, and diamond prices

• B2B customer concentration: Revenue depends on relationships with a defined set of independent jewellers and jewellery chains

• Read the RHP: Interested applicants are encouraged to go through the company's Red Herring Prospectus (RHP) for complete details before making any decisions

Frequently Asked Questions (FAQs)

1. When does the Priority Jewels IPO open and close?

The IPO opens for subscription on August 28, 2026, and closes on September 1, 2026.

2. What is the price band of the Priority Jewels IPO?

The price band is fixed at ₹190 to ₹200 per equity share, with a face value of ₹10 per share.

3. What is the lot size for this IPO?

The lot size is 75 equity shares. Retail investors can apply for a minimum of 1 lot and up to a maximum of 13 lots.

4. What is the minimum investment amount required?

At the upper price band, the minimum investment is ₹15,000 for 1 lot (75 shares).

5. What is the total issue size of the IPO?

The total issue size is approximately ₹91.50 crore, through a book-built fresh issue of equity shares.

6. On which exchange will Priority Jewels shares be listed?

The shares are proposed to be listed on both the BSE and NSE, with a tentative listing date of September 4, 2026.

7. When will the IPO allotment be finalised?

The basis of allotment is tentatively scheduled to be finalised on September 2, 2026.

8. Who is the registrar for the Priority Jewels IPO?

MUFG Intime India Private Limited is the registrar to the issue.

9. How can I apply for the IPO?

Applications can be made online through ASBA via net banking or through UPI-enabled broker platforms during the subscription window.

10. What does Priority Jewels Limited do?

The company designs, manufactures, and sells diamond-studded gold and platinum fine jewellery, including rings, earrings, pendants, and necklaces, supplying independent jewellers and jewellery chains through a predominantly B2B model.

Disclaimer:

This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.