Priority Jewels Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹190 - ₹200
- Lot size
- 75 shares
- Issue amount
- ₹91.5 cr
- Total subscription
- 100.45×
- Opens
- 28 Aug 2026
- Closes
- 1 Sept 2026
- Allotment
- 2 Sept 2026
- Listing
- 4 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 45,75,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,250
- Fresh issue
- ₹91.5 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹15,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,34,25,000
- Shares after issue
- 1,80,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 75 | ₹15,000 |
| sHNI | 14 | 1,050 | ₹2,10,000 |
| bHNI | 67 | 5,025 | ₹10,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 1 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 21,350 | 20,27,964 |
| HNIs(10L +) | 436 | 13,638 |
| HNIs (2-10L) | 218 | 41,134 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 18.3 | 729.6 |
| FIIs | 0 | 121.07 |
| FIs | 0 | 175.34 |
| Mutual Funds | 0 | 35.12 |
| Others | 0 | 398.07 |
| RETAIL | 32.02 | 3,419.09 |
| HNIs 2+ | 4.58 | 892.32 |
| HNIs 10+ | 9.15 | 1,392.8 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 4.99 | 14.03 | 8.34 | 5.67 |
| ROE | 4.55 | 14.49 | 10.53 | 7.35 |
| ROCE | 6.92 | 25.36 | 22.36 | 17.47 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 15.21 | 0 | 0 |
| POST IPO(PE) | 13.9 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Priority Jewels Limited | 15.21 | 200.00 | 10.00 | 103.30 | 12.73 | 14.03 |
| Khazanchi Jewellers Limited | 22.24 | 802.85 | 10.00 | 129.13 | 27.98 | 36.10 |
| Rbz Jewellers Limited | 10.08 | 138.09 | 10.00 | 74.96 | 18.28 | 13.70 |
| Ashapuri Gold Ornament Limited | 7.02 | 3.93 | 1.00 | 5.00 | 11.13 | 0.56 |
Company information
Company profile
Founded in 2007, Priority Jewels is a company that designs, manufactures, and sells diamond-studded gold and platinum jewellery. Its product range includes daily wear items like rings, earrings, pendants, necklaces, and bracelets, as well as occasion jewellery. The company supplies its products to independent jewellers and major jewellery chains in India and abroad, including well-known names like CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, TBZ, and Senco Gold. As of December 31, 2024, it has served over 200 customers across India and exports to 13 countries such as the USA, UAE, Hong Kong, and Norway. The company operates two manufacturing facilities in Mumbai, supporting its production and design activities.
Strengths
- Diversified Product Portfolio: The company offers a wide range of jewellery, including rings, earrings, pendants, bracelets, mangalsutras and traditional designs. It caters to both everyday wear and special occasions across different price ranges.
- Experienced Promoters & Leadership: Promoters Shailesh Sangani and Tushar Mehta have over 30 years of industry experience. The management team also includes professionals with expertise in jewellery, marketing and finance.
- Strong Customer Relationships: The company has maintained long-term relationships with customers for up to 8–16 years through consistent quality and service. These relationships support repeat business and customer loyalty.
Risk factors
- No Long-Term Customer Contracts: The company mainly works under short-term contracts, which can create pricing pressure and revenue uncertainty. Non-renewal or unfavorable contract terms could affect sales and financial performance.
- Dependence on a Single Business Segment: The company operates only in the jewellery business. Any slowdown or negative changes in the jewellery industry could significantly impact its revenue and profitability.
- Manufacturing & Regional Concentration: The company relies on only two manufacturing facilities in Maharashtra. Any disruption caused by natural disasters, infrastructure issues, workforce problems or regulatory changes could affect production, operations and cash flow.
Promoters
Shailesh Sangani
Manisha Shailesh Sangani
Tushar Mehta
Aditi Karan Motla
Aashna Sangani Parikh
Priority Retail Ventures Pvt Ltd
Registrar & documents
Lead manager
Mefcom Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 121, Street No.15/18 MIDC, Andheri (East), Mumbai, Maharashtra, 400093
+91 22 6767 9898
[email protected]Company website ↗Understanding PRIORITY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.