Priority Jewels IPO: Rs 91.50 Cr Issue Opens Aug 28
By ThePip Desk
Priority Jewels launches Rs 91.50 Cr IPO on Aug 28, 2026. Priced at Rs 190-200, the issue offers 45.75 lakh shares. Details on allocation and company profile.
Priority Jewels is launching an Initial Public Offering (IPO) to raise Rs 91.50 crore. The 100% book building issue is set to open for subscription on August 28, 2026, closing on September 1, 2026.
IPO Snapshot
- Total issue size: Rs 91.50 crore
- Shares offered: 45,75,000 equity shares
- Face value: Rs 10 per share
- Price band: Rs 190-200 per equity share
- Listing multiple: 19.00-20.00 times face value
The allocation structure designates not more than 50% of the issue for Qualified Institutional Buyers (QIBs), which includes 5% for mutual funds. Non-institutional bidders will receive not less than 15%, with the remaining 35% allocated to retail investors.
Company Profile
Priority Jewels specializes in designing, manufacturing, and selling lightweight, affordable diamond-studded gold and platinum fine jewellery. The company supplies its products to both independent jewellers and major chains across India, alongside select international markets.
Their client portfolio includes significant names in the jewellery retail sector. Mefcom Capital Markets serves as the book running lead manager for the issue, with Aakriti Bhushan as the compliance officer.
Key Retail Partners
- CaratLane Trading
- Kalyan Jewellers India
- Reliance Retail
- Malabar Gold & Diamonds FZCO
- Tribhovandas Bhimji Zaveri
- Senco Gold
The company’s product range focuses on daily wear pieces like rings, earrings, and bracelets, developed using contemporary designs. They also produce lab-grown diamond jewellery for specific customer orders, targeting a diverse consumer base with rising disposable incomes.