Priority Jewels came to market through an IPO that opened on 28 August 2026 and closed on 1 September 2026, and the shares listed on 4 September 2026 on BSE, NSE. The price band was ₹190 to ₹200 per share and one lot was 75 shares, so the minimum application was ₹15,000. The issue size was ₹91.5 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹230, a gain of 15% against the issue price of ₹200. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Mefcom Capital Markets Ltd was the lead manager.
As of 1 September 2026.
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Overall the issue was subscribed 100.45 times.
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.
As described in the offer document.
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Priority Jewels Limited finalised its anchor investor allocation on August 27, 2026, raising ₹27.45 crore from 4 institutional investors at an anchor price of ₹200 per share. The anchor book comprises 13,72,500 equity shares. The allocation was split evenly between WhiteOak Capital Equity Fund and Sanshi Fund-I, each receiving 31.53%, and Plutus Investment Trust – Plutus Equity Investments Series and Khandelwal Finance Private Limited, each receiving 18.47% of the anchor portion.
Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh, Priority Retail Ventures Pvt.Ltd..
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Priority Jewels IPO was a ₹91.5 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹190–₹200 per share with a lot size of 75 shares (₹15,000). The IPO was open from August 28 to September 1, 2026 and was subscribed 100.45x. Shares listed on BSE and NSE on September 4, 2026 at ₹230, a 15.0% premium to the issue price of ₹200. MUFG Intime India Pvt. Ltd. is the registrar. Mefcom Capital Markets Ltd.
is the book running lead manager.
The price band of Priority Jewels IPO is ₹190 to ₹200 per share.
The lot size of Priority Jewels IPO is 75 shares.
The minimum investment for Priority Jewels IPO is approximately ₹15,000 based on the upper price band.
The allotment date of Priority Jewels IPO is Sep 2, 2026.
No GMP quote could be verified as recorded before Priority Jewels IPO listed. A grey-market observation of ₹24 per share was recorded on 4 Sep 2026, 8:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹230. GMP is unofficial and does not forecast or guarantee the actual listing price.
Priority Jewels IPO listed on Sep 4, 2026. It was issued at ₹230.0(NSE) and is currently around ₹285.00 as on 30-Oct-2026 3:30 PM, which is approximately 42.5% versus issue price. The 52-week high is ₹386.00.
You can check Priority Jewels IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Priority Jewels IPO allotment status on Rupix for quick and easy access.
₹190 to ₹200 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 75 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹15,000.
₹15,000, for one lot of 75 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 28 August 2026 and closed on 1 September 2026.
The basis of allotment was published on 2 September 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 4 September 2026 on BSE, NSE, opening at ₹230.
The issue size was ₹91.5 crore. The fresh issue was 45,75,000 shares (aggregating up to ₹91.5 crore).
It listed at ₹230 against an issue price of ₹200, a gain of 15 percent on listing day.