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Priority Jewels IPO
Price Band
₹190.0–200.0
Issue Size
₹91.5 Cr
Lot Size
75 shares
Min Investment
₹15,000
GMP
+₹28.0 (14.0%)
Issue Price
₹200.0
Subject to Sauda
₹1600
Paid only if allotted
Priority Jewels IPO AI Summary
- Priority Jewels IPO is listed on BSE, NSE in the Gems, Jewellery And Watches sector.
- Price band: ₹190.0–₹200.0 per share, lot size 75 shares (min. investment ₹15,000).
- Subscription window: 28 Aug–01 Sep 2026, listing on 04 Sep 2026.
- Current GMP is +₹28.0 (14.0%), an estimated listing price of ₹228 — unofficial and can change daily.
Priority Jewels is set to enter the market with a diversified product offering and a strong customer base. The IPO has garnered significant interest, as indicated by the high subscription rates across various investor categories.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Priority Jewels IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Sep 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
100.45x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
39.87x
|
40x ✓ |
| NII (HNI) |
166.49x
|
166x 🔥 |
| ↳ bNII (>₹10L) |
152.22x
|
152x 🔥 |
| ↳ sNII (<₹10L) |
195.04x
|
195x 🔥 |
| Retail (RII) |
106.76x
|
107x 🔥 |
| Total | 100.45x | 100.45x |
Auto-updated every 5 min · As of 1st Sep 2026 18:55
Priority Jewels IPO Grey Market Premium (GMP) Today
GMP
+₹28.0
GMP %
+14.0%
Est. Listing
₹228.0
Updated: 04 Sep 2026 06:30
GMP Trend (Last 11 Days)
About the Company
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 December 31, 2024, it has served over 200 customers, including 159 independent jewellers and 35 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. 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
Company Financials (₹ Cr)
As of 2026-06-30
| 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 |
Key Ratios
EPS
₹13.15
NAV
₹103.30
ROE
14.49%
ROCE
25.36%
RoNW
12.73%
P/B Value
1.94
P/E Ratio
15.21
Market Cap
₹360.00 Cr
PAT Margin
3.27%
Debt/Equity
0.74
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ashapuri Gold Ornament | 5 | 11.13% | 7.02 | 0.56 | 0.56 |
| Rbz Jewellers Ltd | 74.96 | 18.28% | 10.08 | 13.7 | 13.7 |
| Khazanchi Jewellers Ltd | 129.13 | 27.98% | 22.24 | 36.1 | 36.1 |
| Priority Jewels This IPO | 103.3 | 12.73% | — | 14.03 | 14.03 |
Promoters
Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh, Priority Retail Ventures Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment / pre-payment, in full or in part, of certain borrowings availed by Company 75.00 2 General Corporate Purposes 18.85 3 Issue Expenses 13.32 Total 107.18
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹410.61 Cr in the year ending 31 Mar 2024, increasing to ₹435.87 Cr by 31 Mar 2025, and further rising to ₹539.03 Cr by 31 Mar 2026. However, the latest figure of ₹147.40 Cr for the period ending 30 Jun 2026 is a 9-month figure and not directly comparable to the full fiscal years.
Profit Trend
Profit After Tax was ₹7.15 Cr in the year ending 31 Mar 2024, rising to ₹10.51 Cr by 31 Mar 2025, and further increasing to ₹17.65 Cr by 31 Mar 2026. The latest figure of ₹6.48 Cr for the period ending 30 Jun 2026 is also a 9-month figure, making it not directly comparable to the full fiscal years.
Valuation
Priority Jewels has an implied P/E ratio of 15.21 at the issue price, compared to peers trading at P/E ratios ranging from 7.02 to 22.24.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand and supply in the unofficial market. A positive GMP suggests that investors anticipate the stock will list at a higher price than the issue price.
Subscription Demand
As of 1st Sep 2026, the IPO was subscribed 100.45 times overall. The breakdown includes QIBs at 39.87 times, NIIs at 166.49 times, and Retail investors at 106.76 times, indicating strong demand across all categories.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and market conditions.
Who May Want to Wait
Risk-averse investors or those seeking stable returns may want to consider their options carefully before investing in IPOs, which can be subject to significant price fluctuations.
IPO Timeline, Explained
The IPO opens on 28th August 2026 and closes on 1st September 2026, with allotment scheduled for 2nd September 2026 and listing on 4th September 2026.
Listing Gains — The Risk
Listing gains are not guaranteed and can vary based on market conditions. Investors should be aware that the stock may not always perform as expected on the listing day.
This evaluation is generated from Priority Jewels's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Priority Jewels IPO GMP today?
Priority Jewels IPO GMP today is +₹28.0 (14.0%), indicating an estimated listing price of ₹228. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Priority Jewels IPO?
The price band of Priority Jewels IPO is ₹190.0–₹200.0 per share.
When does Priority Jewels IPO open and close?
Priority Jewels IPO opens on 28 August 2026 and closes on 01 September 2026.
When does Priority Jewels IPO list on the stock exchange?
Priority Jewels IPO listed on 04 September 2026 at ₹228.0.
What is the lot size for Priority Jewels IPO?
The lot size for Priority Jewels IPO is 75 shares, requiring a minimum investment of ₹15,000.
What is the price band for the IPO?
The price band for the IPO is ₹190.0 to ₹200.0.
What is the minimum investment required?
The minimum investment required is ₹15,000.
What is the lot size for the IPO?
The lot size for the IPO is 75 shares.
When is the listing date?
The listing date is 4th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Aug 2026
Close
01 Sep 2026
Allotment
02 Sep 2026
Listing
04 Sep 2026
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