Priority Jewels IPO Day 1: Subscription Status, Timeline & Key Issue Details
Priority Jewels's ₹91.50 crore initial public offering (IPO) opened for public subscription today, August 28, 2026, with a price band of ₹190 to ₹200 per share. As of 10:15 A.M on the first day of bidding, the issue had been subscribed 0.21 times.
The IPO will remain open for subscription until September 1, 2026. The basis of allotment is expected to be finalised on September 2, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 4, 2026.
Priority Jewels IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue only)
- Total Issue Size: Up to ₹91.50 crore
- Fresh Issue: Up to ₹91.50 crore
- Offer for Sale (OFS): Not Applicable
- Face Value: ₹10 per equity share
- Price Band: ₹190 to ₹200 per share
- Lot Size: 75 shares
- Minimum Investment Amount (Retail Investor): ₹15,000 (75 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Mefcom Capital Markets Limited
- Registrar: MUFG Intime India Private Limited
Priority Jewels IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
28 August 2026 |
|
Subscription Closing Date |
1 September 2026 |
|
Basis of Allotment Date |
2 September 2026 |
|
Refund Initiation Date |
3 September 2026 |
|
Credit of Shares |
3 September 2026 |
|
Listing on BSE and NSE |
4 September 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Priority Jewels IPO Day 1 Subscription Status
[August 28, 2026, 10:15 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00x |
|
Non-Institutional Investors (NIIs) |
0.17x |
|
Retail Individual Investors (RIIs) |
0.34x |
|
Total |
0.21x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Repayment and, or prepayment in full or in part of certain working capital borrowings availed by the company.
- General corporate purposes
About Priority Jewels Limited
Incorporated in 2007, Priority Jewels Limited designs, manufactures, and supplies lightweight diamond-studded gold and platinum fine jewellery. The company primarily serves independent jewellers and leading jewellery retail chains across India and select international markets.
Its product portfolio includes rings, earrings, pendants, neckwear, bracelets, and other lightweight daily-wear and occasion jewellery, along with made-to-order lab-grown diamond jewellery. By combining contemporary designs with modern manufacturing capabilities, Priority Jewels focuses on creating affordable and stylish fine jewellery for evolving consumer preferences.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
538.95 |
435.49 |
410.51 |
|
EBITDA |
33.62 |
24.28 |
19.35 |
|
Profit After Tax (PAT) |
17.65 |
10.51 |
7.14 |
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