Priority Jewels IPO

About Priority Jewels IPO

The Priority Jewels IPO, a mainboard IPO, opens on August 28, 2026 and closes on September 1, 2026. The allotment of shares will take place on September 2, 2026. The credit of shares to the demat account will take place on September 3, 2026. The initiation of refunds will take place on September 2, 2026. The listing of shares will take place on September 4, 2026.

The equity shares offered through the IPO are proposed to be listed on BSE and NSE. The offer consists of a fresh issue only. The fresh issue will include 45,75,000 Equity Shares aggregating up to ₹92 crore.

The offer for sale portion includes Nil. The total issue size is 45,75,000 shares, aggregating up to ₹92 crore.

Priority Jewels IPO's price band is set at ₹190 to ₹200 per share. The lot size for an application is 75 shares. The minimum amount of investment required by a retail investor is ₹15,000 (75 shares), based on the upper price band.

The company is engaged in designing, manufacturing and sale of a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery.

Objectives of Priority Jewels IPO

• Repayment/pre-payment, in full or part, of certain borrowings availed by our company
  
• General corporate purposes
  

Industry Outlook

The Indian gems and jewellery wholesale market is expected to grow at a CAGR of 14.45% between CY25 and CY30. The Indian light-weighted jewellery market was valued at ₹2,748.24 billion in CY25 and is projected to reach ₹5,457.92 billion in CY30P registering a CAGR of 14.71% from CY25 to CY30P.

Gold remains the foundation of India’s jewellery market, due to its cultural and historical importance, with the jewellery sector contributing to approximately 51.49% of the gold demand in India in Q1CY26.

About Priority Jewels Limited

The Company has over 16 years of experience in the jewellery manufacturing industry and operates integrated manufacturing facilities strategically located in MIDC and SEEPZ, Mumbai.

As of June 30, 2026, the Company has over 200 customers, predominantly in India, including 125 independent jewellers and 53 jewellery chains.

The portfolio primarily comprises daily wear jewellery, including rings, earrings, pendants, neckwear, bracelets and occasion couture jewellery, all developed using contemporary design approaches.

Strengths of Priority Jewels

• Diversified product portfolio supported by design capabilities and customer-centric approach
• Integrated manufacturing facilities and established operational systems
• Experienced Promoters and leadership team
• Longstanding relationships with customers
• Strong presence across domestic and international markets

Risks of Priority Jewels

• The company derived 53.19% of its revenue from top ten customers for the period ended June 30, 2026.
• Non-availability or high cost of gold, diamonds, precious and semi-precious metals and stones may adversely affect business.
• The company purchased 59.40% of its total raw materials and other components from top 10 suppliers for the three months ended June 30, 2026.
• Significant portion of revenue is derived from export sales, exposing the business to international market risks and geographical concentration.
• The company does not own its premises including its Registered Office, MIDC facility and SEEPZ facility.

Anchor Investor Bidding Date

August 27, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
MUFG Intime India Private Limited
Tel: +91 81081 14949,
E-mail: priorityjewels.ipo@in.mpms.mufg.com

Book Running Lead Manager(s)
Mefcom Capital Markets Limited
Email: cs@priorityindia.com
Phone: +91 22 6767 9898

Priority Jewels Contact Details
Plot No. 121, Street No.15/18 MIDC, Andheri (East), Mumbai City,
Mumbai, Maharashtra, India, 400093
Tel: +91 22 6767 9898
Email: cs@priorityindia.com

Priority Jewels Business Model

The Company sells directly to independent jewellers and jewellery chains in India as well as select international markets through B2B channels and purchase orders.

Priority Jewels Growth Trajectory

Priority Jewels Limited's Total Income for FY26 was ₹539.03 crore, whereas in FY25 and FY24 it was ₹435.87 crore and ₹410.61 crore, respectively.

The Profit After Tax for FY26 was ₹17.65 crore, whereas in FY25 and FY24 it was ₹10.51 crore and ₹7.15 crore, respectively.

Their EBITDA for FY26 was ₹33.62 crore, whereas in FY25 and FY24 it was ₹24.28 crore and ₹19.35 crore, respectively.

Priority Jewels Market Position

The portfolio primarily comprises daily wear jewellery, including rings, earrings, pendants, neckwear, bracelets and occasion couture jewellery, all developed using contemporary design approaches.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹539.03 crore, ₹17.65 crore, and ₹33.62 crore, respectively.

How to apply for Priority Jewels IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.