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PRIORITY JEWELS IPO

AT THE GATENSE, BSE · MAINBOARD · GEMS, JEWELLERY AND WATCHES
INDICATIVE FARE / PRICE BAND
₹200
GMP +₹30 (+15%)
BAND & GMP INDICATIVE · GMP IS UNOFFICIAL MARKET CHATTER · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 02 SEPT 2026, 22:02 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹200
LOT SIZE
75 SHARES
ISSUE SIZE
₹91.50 CR
MIN INVESTMENT
₹15,000 · 75 SHARES
GMP · GREY MARKET
+₹30 (+15%)
RECORDED 02 SEPT 2026, 22:00 IST
P/E RATIO
15.21
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
RETAIL · MINIMUM · AS PUBLISHED175₹15,000
RETAIL · MAXIMUM · COMPUTED13975₹1,95,000
SMALL HNI · MINIMUM · AS PUBLISHED141,050₹2,10,000
SMALL HNI · MAXIMUM · COMPUTED664,950₹9,90,000
BIG HNI · MINIMUM · AS PUBLISHED675,025₹10,05,000
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹200 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
28 AUG 26
✓ STOP CLEARED
CLOSES
01 SEPT 26
✓ STOP CLEARED
ALLOTMENT
02 SEPT 26
NEXT STOP
LISTING
04 SEPT 26
SCHEDULED
ANCHOR BIDDING27 AUG 26REFUNDS INITIATED03 SEPT 26SHARES IN DEMAT03 SEPT 26ANCHOR LOCK-IN ENDS · 30 DAY02 OCT 26ANCHOR LOCK-IN ENDS · 90 DAY01 DEC 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION100.45×
QIB39.87×
NII166.49×
SMALL HNI195.04×
BIG HNI152.22×
RETAIL106.76×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE GREY MARKET · UNOFFICIAL

WHAT THE CHATTER IMPLIES.

INDICATIVE LISTING PRICE
₹230
UPPER BAND ₹200
GMP +₹30 (+15%)
RECORDED 02 SEPT 2026, 22:00 IST
This is a calculation, not a forecast or an investment recommendation. GMP is unofficial grey-market chatter — it is not a quote from any exchange, it changes through the day and it frequently does not match the eventual listing price.
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹91.5 CR
45,75,000 SHARES
TOTAL SHARES OFFERED
45,75,000

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
13,72,500
SHARES
QIB
9,15,000
Not more than 50% of the Offer
NII (HNI)
6,86,250
Not less than 15% of the Offer
SNII
2,28,750
SHARES
BNII
4,57,500
SHARES
RETAIL
16,01,250
Not less than 35% of the Offer
45,75,000 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
13.15
EPS · POST-ISSUE
14.39
P/E RATIO
15.21
P/E · POST-ISSUE
13.9
RONW
12.73%
ROCE
25.36%
ROE
14.49%
PAT MARGIN
3.27%
EBITDA MARGIN
6.24%
PRICE / BOOK
1.94
NAV PER SHARE
₹103
DEBT / EQUITY
0.74
MARKET CAP
₹360 CR
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 2630 JUN 26
ASSETS268.99309.14291.95310.61
TOTAL INCOME410.61435.87539.03147.4
PROFIT AFTER TAX7.1510.5117.656.48
EBITDA19.3524.2833.6210.29
NET WORTH94.78104.89138.61145.66
RESERVES AND SURPLUS91.6392.29125.26132.36
TOTAL BORROWING124.96145.85102.59110.49
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)P/BV RATIOFINANCIAL STATEMENTS
Priority Jewels · THIS ISSUER14.0314.03103.312.73Consolidated
Khazanchi Jewellers Ltd36.136.1129.1322.2427.986.22Standalone
Rbz Jewellers Ltd13.713.774.9610.0818.281.86Standalone
Ashapuri Gold Ornament0.560.5657.0211.130.6Standalone
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

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.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Repayment / pre-payment, in full or in part, of certain borrowings availed by Company75
General Corporate Purposes18.85
Issue Expenses13.32
INR CR 107.18 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

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. Key Strengths: Diverse product portfolio supported by strong in-house design and product development capabilities. Integrated manufacturing facilities strategically located in Mumbai. Experienced promoters and management team with extensive industry expertise. Long-standing customer relationships with leading jewellers and retail chains. Established presence across domestic and international jewellery markets.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh, Priority Retail Ventures Pvt.Ltd.
HOLDING PRE-ISSUE
93.85%
HOLDING POST-ISSUE
70%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
Mefcom Capital Markets Ltd.
REGISTRAR TO THE ISSUE
NAME
MUFG Intime India Pvt.Ltd.
PHONE
022-49186000
THE COMPANY
PHONE
+91 22 6767 9898
REGISTERED OFFICE
Plot No. 121, Street No.15/18 MIDC, Andheri (East), Mumbai, Maharashtra, 400093
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Priority Jewels IPO price band?+

The indicative price band is ₹200 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Priority Jewels IPO?+

One lot is 75 shares. At the upper band of ₹200, one lot works out to ₹15,000.

How many lots can a retail investor apply for in the Priority Jewels IPO?+

A retail application runs from 1 lot (75 shares, ₹15,000) up to 13 lots (975 shares, ₹1,95,000) — the most that fits under SEBI's ₹2 lakh retail ceiling.

What is the minimum HNI application in the Priority Jewels IPO?+

A small-HNI (sHNI) application starts at 14 lots — 1,050 shares, ₹2,10,000. A big-HNI (bHNI) application starts at 67 lots — 5,025 shares, ₹10,05,000, above the ₹10 lakh boundary.

When does the Priority Jewels IPO open and close?+

The issue opened on 28 Aug 2026 and closed on 01 Sept 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Priority Jewels IPO allotment?+

Allotment is scheduled for 02 Sept 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When does Priority Jewels list?+

Listing is scheduled for 04 Sept 2026 on NSE, BSE.

Where will Priority Jewels be listed?+

Priority Jewels is proposed for listing on NSE, BSE. It is a mainboard issue.

How large is the Priority Jewels IPO?+

The issue size is ₹91.50 Cr — a fresh issue of ₹91.5 cr. Figures are indicative and subject to the RHP.

What is the grey market premium (GMP) for the Priority Jewels IPO?+

The last GMP we recorded is +₹30 (+15%), as at 02 SEPT 2026, 22:00 IST. GMP is unofficial grey-market chatter. It is not a quote from any exchange, it is not a price anyone is obliged to honour, it moves through the day and it often does not match the eventual listing price. We publish it as information only.

What listing price does the GMP imply for Priority Jewels?+

Adding the last recorded GMP to the upper band gives ₹230. That is a calculation, not a forecast or an investment recommendation, and it is built on an unofficial grey-market figure.

How was the Priority Jewels IPO subscribed?+

The issue was subscribed 100.45× overall. By category: qib 39.87×, nii 166.49×, small hni 195.04×, big hni 152.22×, retail 106.76×. Subscription figures are as reported by the exchanges.

Who is the registrar for the Priority Jewels IPO?+

The registrar to the issue is MUFG Intime India Pvt.Ltd. (022-49186000), priorityjewels.ipo@in.mpms.mufg.com.

Where can I check the Priority Jewels IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

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PRE-IPO STOCK ONLY · WE DO NOT ACCEPT IPO APPLICATIONS
Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —