Priority Jewels’ initial public offering (IPO) is set to open for subscription on August 28, 2026. According to the Red Herring Prospectus (RHP), the ₹91.50.06 crore book-built issue comprises a fresh issue of up to 0.46 crore equity shares, with no offer for sale (OFS) component.

The IPO will remain open until September 1, 2026. The basis of allotment is expected to be finalised on September 2, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 35% of the Net Issue
Retail Individual Investors (RII)	Not less than 15% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹200 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	75	₹15,000
Retail (Maximum)	13	975	₹1,95,000
sNII (Minimum)	14	1,050	₹2,10,000
bNII (Minimum)	67	5,025	₹10,5,000

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 serves independent jewellers and leading jewellery retail chains across India and select international markets, with customers including CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, TBZ, and Senco Gold.

Its product portfolio includes lightweight daily-wear jewellery such as rings, earrings, pendants, neckwear, bracelets, and occasion wear, along with made-to-order lab-grown diamond jewellery. Combining contemporary design with modern manufacturing techniques, the company focuses on affordable, stylish jewellery tailored to 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