Priority Jewels
OPENIPO Date: 28 Aug - 1 Sept 2026
Listing Date: 4 Sept 2026
Price Range
Rs.190 - Rs.200
Issue Size
92 Cr
Min Investment
₹14,250
Lot Size
75 Shares
Schedule of Priority Jewels
Issue open date
28 Aug 2026
Issue close date
1 Sept 2026
UPI mandate deadline
1 Sept 2026 (5 PM)
Allotment finalization
2 Sept 2026
Share credit
3 Sept 2026
Listing date
4 Sept 2026
Mandate end date
16 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 92 Cr |
| Fresh Issue | 91.5 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 2 Sept 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 30 Aug 2026 | ₹200 | ₹45 | ₹245 (22.5%) |
| 29 Aug 2026 | ₹200 | ₹45 | ₹245 (22.5%) |
| 27 Aug 2026 | ₹200 | ₹37 | ₹237 (18.5%) |
| 26 Aug 2026 | ₹200 | ₹20 | ₹220 (10%) |
| 25 Aug 2026 | ₹200 | ₹30 | ₹230 (15%) |
| 24 Aug 2026 | ₹200 | ₹28 | ₹228 (14%) |
| 23 Aug 2026 | ₹200 | ₹0 | ₹200 (0%) |
Performance Priority Jewels
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.190 - Rs.200 | .... | .... | .... |
About Priority Jewels
Priority Jewels India Limited is engaged in the design, manufacturing and sale of lightweight diamond-studded gold and platinum jewellery. Its product portfolio includes daily-wear jewellery such as rings, earrings, pendants, neckwear, and bracelets, as well as occasion couture jewellery and lab-grown diamond jewellery manufactured against specific customer orders. The company supplies its products to independent jewellers and jewellery chains in India and select international markets, including CaratLane Trading Private Limited, Kalyan Jewellers India Limited, Reliance Retail Limited, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri Limited, and Senco Gold Limited. As of June 30, 2026, it had more than 200 customers, including 125 independent jewellers and 53 jewellery chains, and exported to 13 countries. The company operates two manufacturing facilities in Mumbai, Maharashtra, including an integrated facility in MIDC, Andheri East, and another facility at SEEPZ SEZ. Its manufacturing processes include design, prototyping, casting, polishing, stone setting, and quality control.
| Founded in | 2007 |
| Managing director | Mr Shailesh Sangani |
| Parent organization |
Financial Overview
Strengths
- Diversified product portfolio supported by design capabilities and a customer-centric approach.
- Integrated manufacturing facilities and established operational systems.
- Experienced promoters and an established leadership team.
- Longstanding relationships with a diverse base of customers.
- Strong presence across both domestic and international markets.
Risks
- Significant revenue concentration, with over 53% of revenue from the top ten customers.
- High dependence on the availability and cost of raw materials like gold and diamonds without long-term supply agreements.
- Business is concentrated in the single segment of designing, manufacturing, and selling jewellery.
- A significant portion of revenue is dependent on customers located in the state of Maharashtra.
- Failure to register jewellery designs exposes the company to risks of duplication and copyright infringement litigation
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.44 |
| Non-Institutional Investors (NIIs) | 1.24 |
| Retail Individual Investors (RIIs) | 3.07 |
| Employee | N/A |
| Total | 1 |