Priority Jewels Limited IPO
ListedMainboardDiamond, Gems and Jewellery
99.24×
Subscribed
Price band
₹200 – ₹200
Lot size
75
1 lot = ₹15,000
Issue size
₹91.5 Cr
Open – close
28 Aug 2026
to 01 Sept 2026
Listing
04 Sept 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Strong3 of 7 dimensions read
The disclosed numbers are strong — 2 of 3 signals read positive
Strength72/100
- Conservative balance sheetDebt/equity of 0.76×
- Some related-party dealingsRelated-party transactions are 8.9% of revenue
- Institutions bid heavilyQIB portion subscribed 39.87×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens28 Aug 2026
- Closes01 Sept 2026
- Allotment02 Sept 2026
- Listing04 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB39.87x
Non-institutionalNII / HNI166.30x
Retail individualRII104.43x
Chance of allotment
Retail104.43× subscribed
~1 in 104.4
Minimum 1 lot · 75 shares · ₹15,000 blocked
Retail is 104.43× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 104.4 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII166.30× subscribed
~1 in 166.3
Minimum 14 lots · 1,050 shares · ₹2,10,000 blocked
HNI is 166.3× subscribed. This category is allotted proportionately, so a bid receives roughly 1/166.3 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹200 – ₹200
Face value₹10
Lot size75shares
Minimum application₹15,000at cut-off
Total issue size₹91.5 Cr
Listing atMainboard
Company & valuation
Debt / equity0.76×
Related-party8.91%of revenue
ISININE15EH01014
RegistrarLINK
What the money is for
Stated use of the net proceeds
- 01Repayment/pre-payment, in full or in part, of certain working capital borrowings availed by our Company₹750 Cr
- 02General corporate purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumA substantial portion of our operating revenue is derived from a limited number of customers in the gems and jewellery industry. Our top five customers accounted for 33.36% of our revenue from operations for the period ended June 30, 2026. The loss or reduction of sales to any of our key customers,
mediumThe non-availability or high cost of gold, diamonds, precious and semi-precious metals and stones may have an adverse effect on our business, results of operations, financial condition and prospects. The cost of raw materials and components consumed as a percentage of our total expenses, for the thr
Litigation
Material Civil Litigation Nil. Criminal Litigation Nil. Actions Taken by Regulatory and Statutory Authorities 1. Our Promoter, Shailesh Sangani, in his capacity as managing director of Priority Jewels Private Limited, received summons dated November 1, 2022, and June 7, 2023, from the from the Assistant Director, Directorate of Enforcement ("E
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.1%
Listed up
6 of 8
Best
+90.0%
Shanti Inorganics
Worst
-0.7%
Mopshop Distribution
Gaja Alternative Asset Management Limitedsame segment
31.2× sub+15.6%
Juniper Green Energy Limitedsame segment
7.9× sub+8.9%
131.8× sub+90.0%
1.6× sub+0.0%
-0.7%
138.6× sub+22.1%
1.5× sub+6.9%
46.2× sub+13.4%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Priority Jewels Limited
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 2007MD Mr Shailesh SanganiSector Diamond, Gems and Jewellery
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Priority Jewels Limited IPO subscribed?
Priority Jewels Limited is subscribed 99.24× overall (QIB 39.87×, NII 166.30×, retail 104.43×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, LINK.
What is the minimum investment in the Priority Jewels Limited IPO?
One lot is 75 shares, so a retail application at the ₹200 cut-off price blocks ₹15,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Priority Jewels Limited IPO?
The retail portion is subscribed 104.43×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 104. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Priority Jewels Limited IPO allotment date?
Allotment is scheduled for 2026-09-02, with listing on 2026-09-04. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, LINK.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.