The Priority Jewels initial public offering opened for subscription today, August 28, 2026, offering investors an opportunity to participate in the jewellery company’s maiden public issue. The IPO has a price band of Rs 190 to Rs 200 per share and will remain open until September 1, 2026.
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Priority Jewels is engaged in the design, manufacturing and sale of diamond-studded gold and platinum jewellery. Its product portfolio includes everyday jewellery such as rings, earrings, pendants, neckwear and bracelets, along with occasion-based couture jewellery.
The company is looking to raise Rs 91.50 crore through a completely fresh issue of 45.75 lakh equity shares, with no Offer for Sale component.
Priority Jewels IPO Key Details
The Priority Jewels IPO opened today and investors can submit their applications until September 1. The shares are expected to be listed on both BSE and NSE on September 4, 2026, subject to the completion of the IPO process.
- IPO Open Date: August 28, 2026
- IPO Close Date: September 1, 2026
- Price Band: Rs 190–Rs 200 per share
- Issue Size: Rs 91.50 crore
- Fresh Issue: 45.75 lakh shares
- Offer for Sale: Nil
- Lot Size: 75 shares
- Minimum Investment: Rs 15,000
- Expected Allotment Date: September 2, 2026
- Expected Listing Date: September 4, 2026
- Listing Exchanges: BSE and NSE
- Book Running Lead Manager: Mefcom Capital Markets Ltd.
- Registrar: MUFG Intime India Pvt. Ltd.
The issue is a book-built public offering and has a face value of Rs 10 per equity share.
Priority Jewels IPO GMP Today
The Priority Jewels IPO GMP is reported at Rs 37 on August 28, 2026, according to the current update used for this report. At the upper end of the IPO price band of Rs 200, this indicates an estimated grey-market price of around Rs 237 per share, implying a potential premium of approximately 18.5% over the upper issue price.
However, GMP is an unofficial indicator based on grey-market activity and is not regulated by SEBI. It can change frequently depending on market sentiment and demand. Investors should therefore not consider GMP as a guaranteed indication of the actual listing price or listing gains.
Priority Jewels IPO Day 1 Subscription Status
The Priority Jewels IPO opened for bidding on August 28, 2026. As of 12 PM on Day 1, the issue had received total subscriptions of 0.73 times.
The category-wise subscription figures were:
- QIB: 0.00 times
- NII: 0.36 times
- Retail: 1.31 times
- Overall: 0.73 times
The subscription figures are subject to change throughout the bidding period and will be updated as additional applications are received.
Priority Jewels IPO Timeline
The important dates investors should keep in mind are:
- IPO Opens: August 28, 2026
- IPO Closes: September 1, 2026
- Basis of Allotment: September 2, 2026
- Initiation of Refunds: September 3, 2026
- Credit of Shares to Demat: September 3, 2026
- Expected Listing: September 4, 2026
- Listing Exchanges: BSE and NSE
About Priority Jewels
Priority Jewels was incorporated in 2007 and operates in the fine jewellery segment, focusing on diamond-studded gold and platinum products. The company follows a largely business-to-business model, supplying jewellery to independent jewellers and organised jewellery chains in India as well as selected international markets.
Its product range covers daily-wear jewellery, including rings, earrings, pendants, neckwear and bracelets, along with couture jewellery designed for special occasions.
As of June 30, 2026, the company had more than 200 customers, including 125 independent jewellers and 53 jewellery chains. Its business presence extends across 21 states and 3 Union Territories.
The company also exports its jewellery products to 13 countries, including the United States, UAE, Hong Kong and Norway.
Its customer base includes prominent names such as CaratLane Trading Pvt Ltd, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri Ltd and Senco Gold Ltd.
Priority Jewels IPO Reservation
The IPO shares have been allocated across institutional, non-institutional and retail investor categories.
- QIB Investors: 50% of the offer
- Retail Investors: 35% of the offer
- NII/HNI Investors: 15% of the offer
Priority Jewels Financial Performance
Priority Jewels reported improvement across several financial indicators during FY26.
- Total Income: Rs 539.02 crore in FY26, compared with Rs 435.86 crore in FY25 and Rs 410.61 crore in FY24.
- EBITDA: Rs 33.62 crore in FY26, compared with Rs 24.28 crore in FY25 and Rs 19.34 crore in FY24.
- EBITDA Margin: 6.24% in FY26, compared with 5.58% in FY25 and 4.71% in FY24.
- PAT: Rs 17.64 crore in FY26, compared with Rs 10.51 crore in FY25 and Rs 7.14 crore in FY24.
- PAT Margin: 3.27% in FY26, compared with 2.41% in FY25 and 1.74% in FY24.
- ROE: 14.49% in FY26, compared with 10.53% in FY25 and 7.35% in FY24.
- ROCE: 25.36% in FY26, compared with 22.36% in FY25 and 17.47% in FY24.
- Net Debt/Equity: 0.74 in FY26, compared with 1.39 in FY25 and 1.32 in FY24.
Priority Jewels IPO Anchor Investment
Before the public issue opened, Priority Jewels raised Rs 27.45 crore from anchor investors. The company allotted 13.72 lakh shares at the upper price band of Rs 200 per share.
WhiteOak Capital Equity Fund and Sanshi Funds were among the largest anchor investors, with each acquiring 4.32 lakh shares worth approximately Rs 8.65 crore. Plutus Investment Trust and Khandelwal Finance each acquired 2.53 lakh shares worth around Rs 5.07 crore.
What Investors Should Know About Priority Jewels IPO
Priority Jewels is entering the public market at a time when the jewellery sector continues to attract investor interest. The company’s improving revenue and profitability, established B2B customer base and presence across domestic and international markets are among the factors investors may consider.
At the same time, investors should evaluate the IPO based on the company’s financial performance, valuation, business risks, industry conditions and the intended use of proceeds rather than relying solely on grey-market sentiment.
The Rs 37 GMP reported on August 28 suggests positive grey-market sentiment, but GMP remains unofficial and can change before the listing date. It should therefore not be treated as a prediction or guarantee of Priority Jewels’ actual listing price.
Priority Jewels IPO Conclusion
The Priority Jewels IPO opened today, August 28, 2026, with a price band of Rs 190–Rs 200 per share. The Rs 91.50-crore issue consists entirely of a fresh issue of 45.75 lakh shares and does not include an OFS component.
The issue will remain open until September 1, followed by the expected allotment on September 2 and listing on September 4, 2026 on BSE and NSE.
Meanwhile, the reported GMP of Rs 37 indicates positive grey-market sentiment, although investors should remember that GMP is unofficial and not a regulated market indicator.
Investors should read the company’s offer documents carefully and assess the financials, valuation, risks and business prospects before making an investment decision.
FAQ’s
1. What is the Priority Jewels IPO price band and issue size?
The Priority Jewels IPO has a price band of Rs 190 to Rs 200 per share. The company is raising Rs 91.50 crore through a fresh issue of 45.75 lakh shares. There is no Offer for Sale component in the issue.
2. What is the Priority Jewels IPO GMP today, August 28, 2026?
The Priority Jewels IPO GMP is reported at Rs 37 as of August 28, 2026. At the upper issue price of Rs 200, this suggests an indicative grey-market price of around Rs 237 and a potential premium of approximately 18.5%. GMP is unofficial and can change before listing.
3. What is the Priority Jewels IPO Day 1 subscription status?
As of 12 PM on August 28, 2026, the IPO had been subscribed 0.73 times overall. The QIB portion was at 0.00 times, NII subscription stood at 0.36 times, while the retail category was subscribed 1.31 times. These figures can change during the bidding period.
4. What is the minimum investment required for the Priority Jewels IPO?
The IPO lot size is 75 shares. At the upper price band of Rs 200, one lot requires a minimum investment of Rs 15,000. Retail investors can apply for up to 13 lots, equivalent to 975 shares or Rs 1,95,000 at the upper price band.
5. When will Priority Jewels IPO allotment and listing take place?
The Priority Jewels IPO is open from August 28 to September 1, 2026. The basis of allotment is expected on September 2, refunds and demat credit are scheduled for September 3, and the shares are expected to list on BSE and NSE on September 4, 2026.
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