Priority Jewels IPO: dates, price band, lot size and GMP
Priority Jewels IPO listed on 4 Sep at ₹230 (NSE, BSE). Issue dates 28 Aug – 1 Sep 2026, price band ₹200, lot 75 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Priority Jewels listed on 4 Sep 2026 on NSE, BSE at ₹230, +₹30 (+15.0%) against the ₹200 upper band. Priority Jewels IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Priority Jewels IPO has a price band of ₹200, a lot of 75 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 28 Aug – 1 Sep 2026 |
| Price band | ₹200 |
| Lot size | 75 shares |
| Issue size | ₹91.50 Cr |
| Fresh issue | ₹91.5 Cr |
| Subscription | 100.45x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | Mefcom Capital Markets Ltd. |
| Status | Listed |
Timeline
- Issue opens: 28 Aug
- Issue closes: 1 Sep
- Allotment: 2 Sep
- Refunds: 3 Sep
- Demat credit: 3 Sep
- Listing: 4 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 39.87x |
| NII | 166.49x |
| sNII | 195.04x |
| bNII | 152.22x |
| Retail | 106.76x |
| Total | 100.45x |
Last updated 1 Sep 2026, 6:54 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹360 Cr |
| P/E (pre-issue) | 15.21x |
| P/E (post-issue) | 13.9x |
| Fresh issue (shares) | 45,75,000 |
| Total shares offered | 45,75,000 |
| Promoter holding pre-issue | 93.85% |
| Promoter holding post-issue | 70% |
| Promoters | Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh, Priority Retail Ventures Pvt.Ltd. |
| Lead managers | Mefcom Capital Markets Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | priorityjewels.ipo@in.mpms.mufg.com |
| Company website | priorityjewels.in |
| Anchor bid date | 27 Aug 2026 |
| Anchor lock-in ends (50%) | 2 Oct 2026 |
| Anchor lock-in ends (remaining) | 1 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 75 | ₹15,000 |
| Retail (maximum) | 14 | 1,050 | ₹2,10,000 |
| sNII (minimum) | 14 | 1,050 | ₹2,10,000 |
| bNII (minimum) | 67 | 5,025 | ₹10,05,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 13,72,500 | |
| QIB | 20% | 9,15,000 | Not more than 50% of the Offer |
| NII (HNI) | 15% | 6,86,250 | Not less than 15% of the Offer |
| sNII | 5% | 2,28,750 | |
| bNII | 10% | 4,57,500 | |
| Retail | 35% | 16,01,250 | Not less than 35% of the Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 28 Aug | 0.44x | 1.24x | 1.64x | 1.05x | 3.07x | 1.93x |
| Day 2 · 31 Aug | 1.68x | 42.34x | 59.80x | 33.60x | 39.02x | 29.06x |
| Day 3 · 1 Sep | 39.87x | 166.49x | 195.04x | 152.22x | 106.76x | 100.45x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹13.15 |
|---|---|
| EPS (post-issue) | ₹14.39 |
| P/E (pre-issue) | 15.21x |
| P/E (post-issue) | 13.9x |
| RoNW | 12.73% |
| RoCE | 25.36% |
| RoE | 14.49% |
| PAT margin | 3.27% |
| EBITDA margin | 6.24% |
| Price / book | 1.94x |
| NAV per share | ₹103.3 |
| Debt / equity | 0.74 |
| Market cap (upper band) | ₹360 Cr |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 310.61 | 291.95 | 309.14 | 268.99 | −5.6% |
| Total Income | 147.4 | 539.03 | 435.87 | 410.61 | +23.7% |
| Profit After Tax | 6.48 | 17.65 | 10.51 | 7.15 | +67.9% |
| EBITDA | 10.29 | 33.62 | 24.28 | 19.35 | +38.5% |
| NET Worth | 145.66 | 138.61 | 104.89 | 94.78 | +32.1% |
| Reserves and Surplus | 132.36 | 125.26 | 92.29 | 91.63 | +35.7% |
| Total Borrowing | 110.49 | 102.59 | 145.85 | 124.96 | −29.7% |
About Priority Jewels
Priority Jewels Limited is engaged in the design, manufacturing, and distribution of diamond-studded gold and platinum jewellery. The company offers an extensive portfolio of fine jewellery, including rings, earrings, pendants, necklaces, bracelets, and premium occasion-wear collections, catering to a wide range of consumer preferences. The company primarily serves independent jewellers and leading jewellery retail chains across India and international markets.
Its customer base includes prominent jewellery brands and retailers such as CaratLane Trading Private Limited, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri Limited (TBZ), and Senco Gold Limited. As of December 31, 2024, Priority Jewels had served more than 200 customers, comprising 159 independent jewellers and 35 jewellery chains. The company has established a broad domestic footprint spanning 21 states and 3 union territories, while also exporting its products to 13 countries, including the United States, the UAE, Hong Kong, and Norway.
The company operates two manufacturing facilities in Mumbai with a combined area of approximately 19,008.79 square feet, enabling efficient production and quality control across its jewellery portfolio.
Objects of the issue
- Repayment / pre-payment, in full or in part, of certain borrowings availed by Company — ₹75 Cr
- General Corporate Purposes — ₹18.85 Cr
- Issue Expenses — ₹13.32 Cr
Net proceeds: ₹107.18 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Priority Jewels (issuer) | 14.03 | 14.03 | 103.3 | — | 12.73% | — | Consolidated |
| Khazanchi Jewellers Ltd | 36.1 | 36.1 | 129.13 | 22.24x | 27.98% | 6.22 | Standalone |
| Rbz Jewellers Ltd | 13.7 | 13.7 | 74.96 | 10.08x | 18.28% | 1.86 | Standalone |
| Ashapuri Gold Ornament | 0.56 | 0.56 | 5 | 7.02x | 11.13% | 0.6 | Standalone |
Source: All the financial information for industry peers mentioned above is sourced from the annual reports available on the websites of the respective industry peers as well as from the CARE Report. Notes: P/E Ratio has been computed based on the closing market price of equity shares on August 21, 2026, divided by the Diluted EPS. Return on Net Worth (%)= Net profit after tax, as restated / Net worth as restated as at period/year end. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Priority Jewels IPO listing day: listed at ₹230 (+15.0% vs the upper band), 4 Sep 2026
- Priority Jewels IPO GMP today and trend
- Priority Jewels IPO subscription status, day by day
- Priority Jewels IPO allotment status and how to check
Frequently asked questions
When does the Priority Jewels IPO open and close?
The issue is scheduled for 28 Aug – 1 Sep 2026.
What is the Priority Jewels IPO price band?
The price band is ₹200 per share with a lot size of 75 shares.
How big is the Priority Jewels IPO?
The total issue size is ₹91.50 Cr.
When will Priority Jewels list?
The tentative listing date is 4 Sep on the main board.
How do I apply for the Priority Jewels IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Priority Jewels · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Priority Jewels · as filed · sebi.gov.in
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 2 Sep · in.mpms.mufg.com
- NSE public issues page · listing 4 Sep · nseindia.com
- BSE public issues page · listing 4 Sep · bseindia.com
- Priority Jewels company website · priorityjewels.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 4 Sep, 04:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Priority Jewels IPO”, https://buyunlistedshares.com/ipo/priority-jewels-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Our notes on this IPO
- Read our note: Priority Jewels IPO 2026: Price Band, Dates, Lot Size & Key Details
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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