Priority Jewels IPO Day 2: Subscription Status, Timeline & Key Issue Details
Priority Jewels's ₹91.50 crore initial public offering (IPO) entered its second day of public subscription today, August 31, 2026, with a price band of ₹190 to ₹200 per share. As of 10:15 A.M on the second day of bidding, the issue had been subscribed 4.73 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 2 Subscription Status
[August 31, 2026, 10:15 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.46x |
|
Non-Institutional Investors (NIIs) |
6.17x |
|
Retail Individual Investors (RIIs) |
6.56x |
|
Total |
4.73x |
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 is a designer, manufacturer, and supplier of lightweight diamond-studded gold and platinum fine jewellery. The company caters to independent jewellers and organised jewellery retail chains in India, while also serving customers in select international markets.
Its product range includes rings, earrings, pendants, necklaces, bracelets, and other lightweight jewellery for daily wear and special occasions, along with customised lab-grown diamond jewellery. The company combines contemporary designs with advanced manufacturing to offer affordable fine jewellery tailored to changing 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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