Priority Jewels will open its initial public offering (IPO) on August 28, with a price range of ₹190 to ₹200 per share.
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Priority Jewels has set its IPO price range at ₹190 to ₹200 per share. The ₹91.50 crore IPO will be available for subscription from August 28 to September 1, 2026.
Priority Jewels Limited has announced a price range for its first initial public offering (IPO), set at ₹190 to ₹200 per equity share. The public offering will be open for subscription from August 28, 2026, to September 1, 2026.
The IPO includes a new issue of 45.75 lakh equity shares, which could raise up to ₹91.50 crore at the highest price. There is no offer for sale included in this issue. The company has already conducted a pre-IPO placement of 8.25 lakh equity shares at ₹190 per share, raising about ₹15.67 crore.
Investors can apply for a minimum of 75 shares, and subsequent bids can be made in multiples of 75 shares. At the upper price limit, the minimum amount to apply for one lot is ₹15,000.
Priority Jewels plans to allocate ₹75 crore of the IPO proceeds to pay off certain working capital loans, with the rest intended for general business purposes.
The company designs, makes, and sells lightweight diamond-studded gold and platinum jewellery. Its clients include well-known jewellery retailers such as CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri, and Senco Gold. As of June 30, 2026, the company had over 200 customers in India and exported its products to 13 countries.
For the fiscal year 2026, Priority Jewels reported revenue of ₹538.94 crore and a profit after tax of ₹17.64 crore. For the quarter ending June 30, 2026, revenue was ₹146.72 crore and profit after tax was ₹6.47 crore.
The IPO is being managed by Mefcom Capital Markets Limited, while MUFG Intime India Private Limited is responsible for share registration. The equity shares are planned to be listed on both the NSE and BSE exchanges.
Key IPO Dates:
- IPO Opening: August 28, 2026
- IPO Closing: September 1, 2026
- Allotment: September 2, 2026
- Listing: September 4, 2026
- Price Range: ₹190–₹200 per share
- Lot Size: 75 shares
- Total Issue Size: ₹91.50 crore
- Issue Type: Fresh Issue
The IPO includes a new issue of 45.75 lakh equity shares, which could raise up to ₹91.50 crore at the highest price. There is no offer for sale included in this issue. The company has already conducted a pre-IPO placement of 8.25 lakh equity shares at ₹190 per share, raising about ₹15.67 crore.
Investors can apply for a minimum of 75 shares, and subsequent bids can be made in multiples of 75 shares. At the upper price limit, the minimum amount to apply for one lot is ₹15,000.
Priority Jewels plans to allocate ₹75 crore of the IPO proceeds to pay off certain working capital loans, with the rest intended for general business purposes.
The company designs, makes, and sells lightweight diamond-studded gold and platinum jewellery. Its clients include well-known jewellery retailers such as CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri, and Senco Gold. As of June 30, 2026, the company had over 200 customers in India and exported its products to 13 countries.
For the fiscal year 2026, Priority Jewels reported revenue of ₹538.94 crore and a profit after tax of ₹17.64 crore. For the quarter ending June 30, 2026, revenue was ₹146.72 crore and profit after tax was ₹6.47 crore.
The IPO is being managed by Mefcom Capital Markets Limited, while MUFG Intime India Private Limited is responsible for share registration. The equity shares are planned to be listed on both the NSE and BSE exchanges.
Key IPO Dates:
- IPO Opening: August 28, 2026
- IPO Closing: September 1, 2026
- Allotment: September 2, 2026
- Listing: September 4, 2026
- Price Range: ₹190–₹200 per share
- Lot Size: 75 shares
- Total Issue Size: ₹91.50 crore
- Issue Type: Fresh Issue
Source Information
Originally published on major financial portals.
