Priority Jewels IPO Day 3: Subscription Status, Timeline & Key Issue Details
Priority Jewels's ₹91.50 crore initial public offering (IPO) entered its final day of public subscription today, September 1, 2026, with a price band of ₹190 to ₹200 per share. As of 10:15 A.M on the third day of bidding, the issue had been subscribed 26.03 times.
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 3 Subscription Status
[September 1, 2026, 10:15 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.61x |
|
Non-Institutional Investors (NIIs) |
39.26x |
|
Retail Individual Investors (RIIs) |
34.89x |
|
Total |
26.03x |
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
Priority Jewels Limited is a designer, manufacturer, and supplier of lightweight diamond-studded gold and platinum jewellery. Incorporated in 2007, the company serves independent jewellers, organised retail chains, and customers in select international markets.
Its product portfolio includes rings, earrings, pendants, necklaces, bracelets, and other lightweight jewellery for everyday wear and special occasions, along with customised lab-grown diamond jewellery. The company focuses on contemporary designs and efficient manufacturing to deliver affordable fine jewellery.
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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