Priority Jewels IPO Oversubscribed 100x: Allotment Sept 2

Priority Jewels’ Initial Public Offering closed significantly oversubscribed by 100.45 times on its third day. Allotment is scheduled for September 2, 2026, with listing anticipated on September 4, 2026.

This high demand means many investors might face reduced chances of allotment. Investors can check their status on the official websites of BSE, NSE, or the registrar, MUFG Intime India Pvt Ltd.

Key IPO Figures

• Oversubscription: 100.45 times
• Bids received: 32.16 crore shares
• Shares offered: 32.02 lakh shares
• Grey Market Premium (GMP): ₹31 on September 2, 2026
• Upper price band: ₹200
• Potential listing gain: 15.50%

Investor Demand Breakdown

The IPO attracted robust interest across all investor categories. Non-Institutional Investors (NII) led the subscription, showcasing the strongest demand.

• Non-Institutional Investors (NII): 166.49 times
• Retail Individual Investors: 106.76 times
• Qualified Institutional Buyers (QIB): 39.87 times

Important Dates and Listing Outlook

Following the close of the IPO, key dates for refunds, demat credit, and final listing have been set. The shares will debut on both major Indian exchanges.

• Allotment date: September 2, 2026
• Refund initiation: September 3, 2026
• Demat credit: September 3, 2026
• Listing on NSE and BSE: September 4, 2026, at 10 AM

The Grey Market Premium (GMP) for Priority Jewels IPO stood at ₹31 against an upper price band of ₹200. This indicated a potential listing gain of 15.50%, though GMP remains an unofficial and volatile indicator.

Priority Jewels Business Profile

Established in 2007, Priority Jewels specializes in the design and manufacture of diamond-studded gold and platinum jewelry. The company serves major retailers both in India and internationally.

• Key retailers served: Kalyan Jewellers, Reliance Retail, Senco Gold
• Customer base (as of June 30, 2026): Over 200 across 21 Indian states and 3 Union Territories
• Export markets: 13 countries
• Manufacturing facilities: 2 in Mumbai

Financial Performance Highlights

Priority Jewels reported significant growth in its financial metrics for the fiscal year ended March 31, 2026.

• Profit After Tax (PAT) FY25: ₹10.51 crore
• Profit After Tax (PAT) FY26: ₹17.64 crore
• Total income FY26: ₹539.02 crore
• EBITDA FY26: ₹33.62 crore
• PAT margin FY26: 3.27%