PJ
Priority Jewels Limited IPO
Diamond & Platinum Fine Jewellery · Design & Manufacturing · B2B & Export Solutions
📋 Mainline IPO
Fresh Issue Only
NSE, BSE
₹200
Upper Price
₹91.50 Cr
Issue Size
Sep 4, 2026
Listing Date
₹268.50 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Friday, 28 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 1 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 2 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Thursday, 3 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Friday, 4 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date28 August 2026 (Fri)
IPO Close Date1 September 2026 (Tue)
Listing Date4 September 2026 (Fri)
Face Value₹10 per share
Price Band₹190 to ₹200
Issue Price (Upper Band)₹200 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size75 shares
Total Issue Size45,75,000 shares (₹91.50 Cr)
Fresh Issue45,75,000 shares (₹91.50 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Pre-Issue Shares1,34,25,000
Post-Issue Shares1,80,00,000
Promoter Holding (Pre)93.85%
Market Cap (Pre-IPO)₹268.50 Cr
Listing ExchangeNSE, BSE
Lead ManagerMefcom Capital Markets Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹200| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 75 | ₹15,000 |
| Retail — Maximum | 13 | 975 | ₹1,95,000 |
| S-HNI (sNII) — Min | 14 | 1,050 | ₹2,10,000 |
| S-HNI (sNII) — Max | 66 | 4,950 | ₹9,90,000 |
| B-HNI (bNII) — Min | 67 | 5,025 | ₹10,05,000 |
⚠️ Note: Investors can bid for a minimum of 75 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net OfferNot more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Standalone · ₹ Crore| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total Assets | 310.61 | 291.95 | 309.14 | 268.99 |
| Total Income | 147.40 | 539.03 | 435.87 | 410.61 |
| PAT | 6.48 | 17.65 | 10.51 | 7.15 |
| EBITDA | 10.29 | 33.62 | 24.28 | 19.35 |
| Net Worth | 145.66 | 138.61 | 104.89 | 94.78 |
| Reserves & Surplus | 132.36 | 125.26 | 92.29 | 91.63 |
| Total Borrowing | 110.49 | 102.59 | 145.85 | 124.96 |
Income Growth
FY 2023–24₹410.61 Cr
FY 2024–25₹435.87 Cr
FY 2025–26₹539.03 Cr
🎯 Key Performance Indicators
14.49%
ROE
FY 2025–26
0.74
Debt/Equity
FY 2025–26
25.36%
ROCE
FY 2025–26
3.27%
PAT Margin
FY 2025–26
6.24%
EBITDA Margin
FY 2025–26
12.73%
RoNW
FY 2025–26
1.94x
Price/Book
FY 2025–26
103.30
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹13.15
FY26 earnings + pre-issue shares
P/E: 15.21xPost-IPO EPS
₹9.81
FY26 earnings + post-issue shares
P/E: 20.40xPrice to Book Value
1.94x
At upper price band ₹200
Market Cap (Pre-IPO)
₹268.50 Cr
At issue price ₹200
ℹ️
Pre-IPO EPS (₹13.15) based on pre-issue shares (1,34,25,000) and FY26 earnings. Post-IPO EPS accounts for the dilution resulting from the issuance of 45,75,000 fresh equity shares extending the total post-issue equity to 1,80,00,000 shares. Post-IPO Market Cap expands to ₹360.00 Cr.
🎯 Objects of the Issue
Net proceeds utilisation1
Repayment / pre-payment, in full or in part, of certain borrowings availed by Company
₹75.00 Cr
2
General Corporate Purposes
Balance
Total Fresh Issue Goal
₹91.50 Cr
🏢 About Priority Jewels Ltd.
Est. 2007 · Mumbai, Maharashtra · Fine JewelleryPriority Jewels Limited, incorporated in 2007, is a prominent Indian fine jewellery enterprise specializing in the design, precision manufacturing, and wholesale distribution of diamond-studded gold and platinum jewellery. The company curates a versatile portfolio catering to both high-turnover daily wear (rings, earrings, pendants, neckwear, bracelets) and bespoke occasion couture collections.
The business commands extensive domestic and international B2B distribution networks, supplying premier jewellery retail chains and independent jewelers including CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, TBZ, and Senco Gold. Operating two integrated manufacturing facilities in Mumbai encompassing 19,008.79 sq. ft., Priority Jewels exports to 13 countries globally, including the United States, UAE, Hong Kong, and Norway, while maintaining an active footprint across 21 Indian states and 3 union territories.
Brand Ecosystem
💎
Diamond & Platinum
Specialized design and crafting of diamond-studded gold and platinum fine jewellery
🏭
Mumbai Facilities
Two integrated manufacturing setups spanning over 19,000 sq. ft. in Andheri East
🏢
Marquee B2B Clients
Supplying leading chains like CaratLane, Reliance Retail, Kalyan, Malabar, and TBZ
🌍
Export Reach
Global distribution touching 13 export markets including the USA, UAE, and Hong Kong
Competitive Strengths
🏆Diversified fine jewellery portfolio supported by strong in-house design and prototyping capabilities
⚙️Fully integrated manufacturing infrastructure based in Mumbai ensuring stringent quality assurance
🤝Long-standing partnerships with 200+ customers, including 53 major retail jewellery chains
📈Strong financial acceleration with revenue growing 24% and PAT surging 68% in FY26
Company Promoters
SS
Shailesh Sangani & Manisha Shailesh Sangani
Promoters, Priority Jewels Ltd.
TM
Tushar Mehta, Aditi Karan Motla & Aashna Sangani Parikh
Promoters, Priority Jewels Ltd.
📅 Key Dates
IPO Opens28 Aug 2026
IPO Closes01 Sep 2026
Allotment02 Sep 2026
Refund & Share Credit03 Sep 2026
Listing Day04 Sep 2026
💡 Quick Summary
Price Band₹190 – ₹200
Upper Price₹200 / share
Lot Size75 shares
Min. Investment (Retail)₹15,000
Issue Size₹91.50 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Mefcom Capital Markets Ltd.
📍 Registered Address
Priority Jewels Ltd.
Plot No. 121, Street No.15/18 MIDC,
Andheri (East), Mumbai,
Maharashtra — 400093
📞 +91 22 6767 9898
[email protected]
Plot No. 121, Street No.15/18 MIDC,
Andheri (East), Mumbai,
Maharashtra — 400093
📞 +91 22 6767 9898
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Priority Jewels IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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