Priority Jewels Ltd. IPO Details
Priority Jewels was incorporated on October 12, 2007. The company designs and manufactures lightweight, affordable diamond-studded gold and platinum jewellery for daily wear, supplying major jewellery retailers in India and select global markets. Its offerings include rings, earrings, and pendants, with growing capabilities in lab-grown diamond jewellery
| Bidding Dates |
|---|
| 28 Aug 2026 - 01 Sep 2026 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,250 | 1 | 13 | 75 | 4.6 M | ₹190 - ₹200 | 70 % | ₹869.3 M - ₹915.0 M | RHP DOC |
Priority Jewels issue details
Priority Jewels has 4.6 M shares on offer
Priority Jewels IPO offer price is in the range ₹190 - ₹200
Priority Jewels IPO minimum Investment is ₹14250
Priority Jewels IPO issue size is ₹ 869.3 M - ₹ 915.0 M
Priority Jewels has a minimum lot size of 75 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Priority Jewels IMPORTANT IPO DATES
| Issue Open Date | 28 Aug 2026 |
| Issue close Date | 01 Sep 2026 |
| Allotment Date | 02 Sep 2026 |
| Refund Date | 03 Sep 2026 |
| Demat Account Credit Date | 03 Sep 2026 |
| Listing Date | 04 Sep 2026 |
| Listing on Exchange(s) | NSE and BSE |
Priority Jewels IPO subscription opens on 28 Aug 2026, and closes on 01 Sep 2026
IPO allotment for Priority Jewels is expected to be finalized on Wednesday, 02 Sep 2026
IPO listing for Priority Jewels will be on NSE and BSE on Friday, 04 Sep 2026
Priority Jewels NUMBER OF SHARES ON OFFER
Priority Jewels FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY27 | 146.7 | 6.5 | -6.1 | -8.0 | 7.0% |
| FY26 | 538.9 | 17.6 | 17.7 | 14.3 | 6.2% |
| FY25 | 435.5 | 10.5 | 2.5 | 0.2 | 5.6% |
| FY24 | 410.5 | 7.1 | -1.8 | -2.4 | 4.7% |
Priority Jewels Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Priority Jewels Ltd. | 200 | 360 | 20.2 | 0.7 | 12.8 | 6.1 | 539 | 17.8 | 9.9 | ||||
| Titan Company Ltd. | 5091 | 451972 | 78.5 | 1.4 | 4.9 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 616.5 | 63669.1 | 44.4 | 0.6 | 1.6 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Thangamayil Jewellery Ltd. | 5525.5 | 17183 | 43.9 | 0.2 | 1.8 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
| Lalithaa Jewellery Mart Ltd. | 243.5 | 13628.4 | 34.5 | 9.2 | 25039.8 | 48.1 | 1009.8 | 176.9 | |||||
| Sky Gold and Diamonds Ltd. | 836.8 | 12959.8 | 47.1 | 0.4 | 1.8 | 23 | 12.5 | 6331.3 | 76.8 | 275.3 | 107.5 | 17.8 | 116.1 |
Priority Jewels INFORMATION ON IPO ISSUE
About Priority Jewels
Priority Jewels was incorporated on October 12, 2007. The company designs and manufactures lightweight, affordable diamond-studded gold and platinum jewellery for daily wear, supplying major jewellery retailers in India and select global markets. Its offerings include rings, earrings, and pendants, with growing capabilities in lab-grown diamond jewellery
Object of the Issue
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the company
- General corporate purposes
Priority Jewels - PROMOTERS
| Name |
|---|
| Shailesh Sangani |
| Manisha Shailesh Sangani |
| Tushar Mehta |
| Aditi Karan Motla |
| Aashna Sangani Parikh |
| Priority Retail Ventures Private Limited |
Priority Jewels - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Shailesh Sangani | Chairman & Managing Director |
| Tushar Mehta | Whole-time Director & Chief Financial Officer |
| Aditi Karan Motla | Whole-time Director |
| Nirupa Kiran Bhatt | Independent Director |
| Nagarajan Subramanian | Independent Director |
| Kamal Ratilal Bhansali | Independent Director |
Priority Jewels Book Running Lead Manager
Mefcom Capital Markets Limited
pjl.ipo@mefcomcap.in
Priority Jewels Registrar to the Offer
MUFG Intime India Private Limited
priorityjewels.ipo@in.mpms.mufg.com
Priority Jewels Strengths
Diversified jewellery portfolio
The company offers a wide range of affordable jewellery catering to daily wear and special occasions, including rings, earrings, bracelets, pendants, neckwear, mangalsutras, and a couture line. Backed by strong in-house design capabilities
Integrated manufacturing facilities
The company operates two integrated jewellery manufacturing units in MIDC and SEEPZ, Mumbai, equipped with advanced casting and CAD/CAM technology, including 3D printing for faster production. These facilities, supported by over 480 employees, allow end-to-end control from design to distribution, helping reduce metal loss, maintain quality, and improve margins
Global market reach
The company maintains a strong presence in both domestic and international markets, reducing reliance on any single region. Its international operations contribute significantly to overall revenue, while domestic demand continues to grow steadily
Priority Jewels Risks
High capital needs
The company requires large working capital to support raw material procurement, production, inventory, and customer credit. Its ability to grow depends on securing financing through loans and credit facilities. Delays in customer payments, tighter supplier terms, or market disruptions could impact operations
Raw material risk
The company relies heavily on timely procurement of gold, diamonds, and other precious materials for its operations. It does not have long-term supply contracts, which increases exposure to price volatility and supply disruptions. Any delay or cost hike in sourcing these materials can impact production schedules, raise expenses, and affect business performance
Facility concentration
The company’s manufacturing operations are limited to two facilities in Maharashtra, making it vulnerable to regional risks such as local disruptions, regulatory changes, and natural disasters. Any prolonged shutdown or slowdown—whether due to operational issues, government policies, or external events—can impact production
IPO FAQs
The promoters of the company are Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh and Priority Retail Ventures Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 190.0 - 200.0.
The IPO application opens on Aug 28, 2026 and closes on Sep 01, 2026.
The minimum lot size for the IPO is 75. The maximum lot size for the IPO is 975.
For all category investors, the minimum application amount for this IPO is Rs. 14,250.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Sep 02, 2026.
The refund will be credited to your account on Sep 03, 2026.
The allotted shares will be credited to your demat on Sep 03, 2026.
Priority Jewels Ltd.’s shares will list on the stock exchanges on Sep 04, 2026.