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HomeIPOPriority Jewels

About Priority Jewels

Incorporated in the year 2007, Priority Jewels designs, produces, and sells gold and platinum fine jewellery studded with diamonds. Priority Jewels provides a wide range of daily wear jewellery items like rings, earrings, pendants, neckwear, bracelets, and even occasion couture jewellery. Priority Jewels markets its products to independent jewellers as well as jewellery chains in India and abroad such as CaratLane Trading Pvt Ltd, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Thribhovandas Bhimji Zaveri Ltd, and Senco Gold Ltd. As on December 31, 2024, Priority Jewels has marketed its products to more than 200 customers including 159 independent jewellers and 35 jewellery chains. The firm has made its presence felt in 21 states and 3 union territories of India and exports its products to 13 countries which include USA, UAE, Hong Kong, and Norway. Priority Jewels has two jewellery manufacturing units in Mumbai having a total area of 19,008.79 sq ft.

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Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Priority Jewels

Priority Jewels

Open Date

Aug 28, 2026

Close Date

Sep 1, 2026

listed

Min Investment

₹15,000

Lot Size

75 Shares

Issue Size

₹91.5 Cr

Price Range

₹190 - ₹190

Listing Date

Sep 4, 2026

IPO Doc

RHP PDF

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹28(+14.00%)GMP
14%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Priority Jewels IPO - Issue Objectives

₹75 crore will be used to repay outstanding borrowings. Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Repayment of borrowings

81.9%

General corporate purposes

18.1%

1

Repayment of borrowings

₹75 crore will be used to repay outstanding borrowings.

81.90%
2

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

18.10%

IPO Subscription Status

QIB
39.87x
NII
166.49x
Individual
106.76x
Total
100.45x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Priority Jewels

In Cr.

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Portfolio of diversified products

The company supplies rings, earrings, pendants, bracelets, mangalsutras, and couture jewellery products across various pricing ranges. It was able to create 4,168 designs in Q1FY27 and 8,356 in FY26 with its design team of 39 members.

02

Integrated manufacturing facility

The company operates in an area of 25,830.63 sq. ft. in its MIDC and SEEPZ plants, having CAD/CAM, casting and 3D printing facilities. The integrated design-to-distribution approach allows it to exercise effective control over the quality of its products, metal loss and production timings.

03

Strong customer relationships

The company has relationships with its customers for 8 to 16 years, which help in getting repeat orders from customers. Its major customers include CaratLane, Kalyan Jewellers, Reliance Retail, TBZ and Senco Gold along with international customers.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Customer concentration risk

The top ten customers accounted for 53.1% of revenue for Q1FY27, exposing the company to customer concentration risks. While there is some improvement from 57.7% in FY24, the loss of business by some of the major customers might be detrimental to the growth of the business.

02

Price volatility of raw materials

108.13% of costs were related to purchase of raw materials where the major raw materials included gold and diamonds. Any fluctuations in the price of gold and diamonds could affect profitability of the company.

03

Contact Details

Priority Jewels

Plot No. 121, Street No.15/18 MIDC, Andheri (East), Mumbai, Maharashtra, 400093

+912267679898
cs@priorityindia.com
http://www.priorityjewels.in/

Priority Jewels IPO - FAQs

Priority Jewels IPO is a Mainboard IPO. The issue is priced at 190-₹200. The minimum order quantity is 75 Shares. The IPO opens on 28 Aug, and closes on 1 Sep. TBA is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2026-08-26
  • Bidding Starts2026-08-28
  • Bidding Ends2026-09-01
  • Allotment Finalisation2026-09-02
  • Release of Funds2026-09-03
  • Demat Transfer2026-09-03
  • Listing2026-09-04
04

Presence in diversified geographies

The company sells its products to its customers operating in 18 states, 3 Union Territories and 8 international countries thereby avoiding any single geographical dependence.

Export, geopolitical risks

49.5% of revenues are from exports in Q1FY27. Export markets include UAE and USA. Geopolitical conflicts, export tariffs and logistics issues may be harmful to export performance.

04

High working capital requirement

Loans raised for working capital was ₹96.75 crore which was 87.5% of total borrowings as at 30th June, 2026. Long periods of export collections of 90 to 120 days and payment of raw material in cash pose liquidity risks to the company.

05

Supplier and facility concentration risks

Top ten suppliers accounted for 59.4% of purchase of raw material during Q1FY27. Facility concentration risk also arises due to use of two manufacturing facilities.