Priority Jewels IPO: Priority Jewels Limited, which designs, manufactures and sells fine diamond-studded gold and platinum jewellery, has launched its IPO in the market to raise ₹91.50 crore. Priority Jewels IPO will open for subscription on August 28, 2026, and close September 01, 2026.
Priority Jewels IPO is a book build issue of 45,75,000 shares (₹91.50 Cr.). The issue is a combination of a fresh issue of 45,75,000 shares (₹91.50 Cr.).
The price band for Priority Jewels IPO is ₹190 to ₹200 per share. The minimum application size is 1 lot (75 shares), requiring a retail investor to invest at least ₹15,000 (based on the upper price band).
Priority Jewels IPO Details
| Issue Open Date | August 28, 2026 |
| Issue Close Date | September 01, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹190.00 – ₹200.00 Per Share |
| Listing On | BSE, NSE |
| Issue Size | ₹91.50 Cr. (45,75,000 Shares) |
| Fresh Issue | ₹91.50 Cr. (45,75,000 Shares) |
| Offer For Sale | Not Applicable |
| Prospectus | RHP | Anchor Investors |
Priority Jewels IPO Reservation
| Category | Net Issue | Shares Offered |
|---|---|---|
| QIB | 50.00% | 22,87,500 |
| NII | 15.00% | 6,86,250 |
| Retail | 35.00% | 16,01,250 |
| Total | 100.00% | 45,75,000 |
Priority Jewels IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 75 | ₹15,000 |
| Retail Maximum | 13 | 975 | ₹1,95,000 |
| S-HNI Minimum | 14 | 1,050 | ₹2,10,000 |
| S-HNI Maximum | 66 | 4,950 | ₹9,90,000 |
| B- HNI Minimum | 67 | 5,025 | ₹10,05,000 |
Key Performance Indicator
| KPI (March 31, 2026) | Value |
| Market Capitalisation | ₹360.00 Cr. (On Upper Price) |
| P/E Ratio | 15.21x |
| EPS | ₹13.15 |
| ROE | 14.49% |
| ROCE | 25.36% |
| RoNW | 12.73% |
| Dept/Equity | 0.74 |
| EBITDA Margin | 6.24% |
| PAT Margin | 3.27% |
| Net Assets Value | ₹103.30 |
| Price To Book Value | 1.94x |
Priority Jewels IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Khazanchi Jewellers Limited | 22.14x | ₹36.10 | 27.98% | ₹129.13 |
| Rbz Jewellers Limited | 10.08x | ₹13.70 | 18.28% | ₹74.96 |
| Ashapuri Gold Ornament Limited | 7.02x | ₹0.56 | 11.13% | ₹5.00 |
Priority Jewels IPO Dates (Tentative)
| Open Date | August 28, 2026 |
| Close Date | September 01, 2026 |
| Allotment Date | September 02, 2026 |
| Refund Date | September 03, 2026 |
| Share Credit Date | September 03, 2026 |
| Listing Date | September 04, 2026 |
Priority Jewels Limited Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Total Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|---|
| June 2026 | ₹310.61 Cr. | ₹147.40 Cr. | ₹138.86 Cr. | ₹145.66 Cr. | ₹6.48 Cr. | ₹10.29 Cr. | ₹132.36 Cr. | ₹110.49 Cr. |
| March 2026 | ₹291.95 Cr. | ₹539.03 Cr. | ₹515.55 Cr. | ₹138.61 Cr. | ₹17.65 Cr. | ₹33.62 Cr. | ₹125.26 Cr. | ₹102.59 Cr. |
| March 2025 | ₹309.14 Cr. | ₹435.87 Cr. | ₹420.88 Cr. | ₹104.89 Cr. | ₹10.51 Cr. | ₹24.28 Cr. | ₹92.29 Cr. | ₹145.85 Cr. |
| March 2024 | ₹268.99 Cr. | ₹410.61 Cr. | ₹400.97 Cr. | ₹94.78 Cr. | ₹7.15 Cr. | ₹19.35 Cr. | ₹91.63 Cr. | ₹124.96 Cr. |
Company Promoters
- Shailesh Sangani
- Manisha Shailesh Sangani
- Tushar Mehta
- Aditi Karan Motla
- Aashna Sangani Parikh
- Priority Retail Ventures Private Limited
| Holding Pre Issue | 1,34,25,000 Shares | 93.85% |
| Holding Post Issue | 1,80,00,000 Shares | — |
Priority Jewels IPO Lead Managers
- Mefcom Capital Markets Limited
Priority Jewels IPO Registrar
MUFG Intime India Private Limited
Telephone: 022-49186000
Email: priorityjewels.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
About Priority Jewels Limited
The company designs, manufactures, and sells a wide range of lightweight, affordable diamond-studded gold and platinum fine jewelry. The company sells directly to independent jewelers and jewelry chains in India as well as select international markets.
It supplies its products to jewelry chains such as Caratlane Trading Private Limited, Kalyan Jewellers India Limited, Reliance Retail Limited, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri Limited., and Senco Gold Limited. Its ability to combine craftsmanship with innovation has helped it build long-lasting relationships with major Indian retail jewelry players, strengthening its position as a trusted supplier to their customers (Source: CARE Report).
The manufacturing process of this company starts with designing, and then includes rapid prototyping, model making, mold making, waxing, casting, sprue grinding, filing, polishing, stone setting, final polishing, rhodium plating and quality control.
The company’s portfolio primarily consists of daily wear jewelry, including rings, earrings, pendants, neckwear, bracelets, and special occasion jewelry. All of these are created using cutting-edge designs and modern manufacturing techniques. The company also manufactures lab-grown diamond jewelry based on custom orders from its customers.
Its product portfolio focuses on lightweight, affordable, daily wear pieces, which are produced for a wide range of customers across the country. By focusing on innovative designs, modern looks, and functionality, we tailor our offerings specifically to target the growing demand of a diverse customer base with increasing disposable incomes and a preference for designer jewelry that exudes both style and practicality.
The company has over 16 years of experience in the jewelry manufacturing industry. The company’s promoters, Shailesh Sangani and Tushar Mehta, have nearly three decades of experience in the gems and jewelry industry. Shailesh Sangani is also a trustee on the board of the Gemological Institute of India and served as the first convener of IIJS at GJEPC.
As of June 30, 2026, the company has over 200 customers, mostly in India, including 125 independent jewelers and 53 jewelry chains. Many of the independent jewelers and jewelry chains it serves are long-standing customers. Over the past few years, the company has expanded its market presence to 21 states and three union territories in India, and exported products to 13 countries worldwide, including the United States of America, UAE, Hong Kong, and Norway.
The company’s exports are primarily to overseas stores of Indian jewelry chains, which primarily serve the NRI population. The company’s strategic focus on the lightweight, affordable diamond-studded jewellery segment and industry expertise positions us well to capitalise on new trends and growth opportunities in the Indian jewellery market.
The Indian gems and jewelry wholesale market is expected to grow at a CAGR of 14.45% between CY25 and CY30. Specifically, domestic demand is being driven by rising disposable income, urbanization and increasing demand for branded jewelry, increasing adoption of lightweight and studded jewelry, expanding omnichannel retail presence, favorable demographics, and continued demand from weddings and festivals, supported by the industry’s continued formalization.
Furthermore, according to a report by the World Gold Council, recent interactions between metals companies and retailers have significantly increased demand for lightweight jewelry, especially in the daily wear jewelry segment, which features fashionable and fast-moving designs. The Indian lightweight jewelry market was valued at ₹2,74,824 crore in CY25 and is projected to reach ₹5,45,792 crore in CY30, registering a CAGR of 14.71% from CY25 to CY30. (Source: CARE Report)
The company has established two jewelry manufacturing facilities in India to cater to its domestic and export sales. Its integrated manufacturing facility, spanning 19,008.79 square feet (as certified by Shwetendu Sharad Dhanuka, Independent Chartered Engineer, vide certificate dated August 6, 2026), is equipped with advanced casting, as well as modern CAD/CAM and 3D printing technologies, ensuring precision manufacturing and superior product quality.
To meet growing demand abroad, the company established a second manufacturing unit in 2012 at Unit No. G-43, Gems & Jewellery Complex-I, SEEPZ SEZ, Andheri East, Mumbai, spanning 6,821.84 square feet (as certified by Shwetendu Sharad Dhanuka, Independent Chartered Engineer, vide certificate dated August 6, 2026). With a workforce of over 400 employees and integrated manufacturing capabilities, the company provides end-to-end jewellery manufacturing solutions to its clients.
The company handles the entire process from design concept to manufacturing of a wide range of customized jewelry products, ensuring its customers have access to high-quality, ready-to-sell items at affordable prices. Its manufacturing capacity is approximately 700 kgs. per annum, with approximately 58% utilization for the last three fiscal years and the three months ended June 30, 2026, as certified by Independent Chartered Engineer Swetendu Sharad Dhanuka, vide certificate dated August 06, 2026.
The company’s in-house design team, consisting of 39 skilled professionals as of June 30, 2026, tracks market trends, develops new products, and designs jewelry pieces to customer preferences. This allows us to deliver unique, customized, carefully developed products and create value for our clients. Their gold jewelry is hallmarked by the Bureau of Indian Standards, and diamonds are certified by independent authorities such as the International Gemological Institute, Solitaire Gemological Laboratories, and Diamond and Gem Laboratories of America.
Company Strengths (In Details)
- Diversified product portfolio supported by design capabilities and customer-centric approach;
- Integrated manufacturing facilities and established operational systems;
- Experienced Promoters and leadership team;
- Longstanding relationships with customers;
- Strong presence across domestic and international markets.
Objects Of The Issue (In Details)
- Repayment / pre-payment, in full or in part, of certain working capital borrowings availed by the company. (Estimated Amount ₹75.00 Cr.)
- General corporate purposes.
Company Address
Priority Jewels Limited
Address: Plot No. 121, Street No.15/18 MIDC,
Andheri (East) Mumbai, Maharashtra, 400093
Telephone: +91 22 6767 9898
Email: cs@priorityindia.com
Website: https://www.priorityjewels.in/
Priority Jewels IPO FAQs
What are the open and close dates of the Priority Jewels IPO?
The Priority Jewels IPO will open on August 28, 2026 and close on September 01, 2026.
What is the price band for Priority Jewels IPO?
The price band for the Priority Jewels IPO is ₹190 to ₹200 per share.
What is the issue size of the Priority Jewels IPO?
The total issue size of the Priority Jewels IPO is ₹91.50 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Priority Jewels IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 75 Shares with ₹15,000 amount while the maximum bid is 13 Lot, 975 shares with ₹1,95,000 for the Priority Jewels IPO.
What is Priority Jewels IPO Investors Portion?
The investors portion for QIB 50%, NII 15%, RII 35% for the Priority Jewels IPO.
When will the allotment for the Priority Jewels IPO be finalized?
The Priority Jewels IPO allotment is expected to be finalized on September 02, 2026.
When will the shares of Priority Jewels IPO get listed?
The Priority Jewels IPO shares are expected to be listed on BSE and NSE on September 04, 2026.
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Desclaimer: This Content Was Compiled By The IPO Investors Team After Researching and Reviewing The Priority Jewels IPO RHP (Red Herring Prospectus) And Other Official IPO-Related Documents Publicly Available To Investors. This Information Is Provided For Informational And Educational Purposes Only.
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