Priority Jewels Limited IPO — Subscription & GMP
- Price band
- ₹190 – ₹200
- Lot size
- 75
- Issue size
- ₹64.05 Cr
- Bidding
- 28 Aug 2026 → 01 Sept 2026
- Allotment
- —
- Listing
- 04 Sept 2026
Listing outcome
Official exchange pricesGMP was out by 3.0 percentage points in the buyer’s favour — it implied +12.00% and the issue listed +15.00%. Counted in our running GMP accuracy record.
Schedule
- 28 Aug 2026IPO open date
- 01 Sept 2026IPO close date
- 02 Sept 2026Allotment date†
- 02 Sept 2026Funds unblock or debit†
- 04 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsBusiness Model of Priority Jewels Limited
Priority Jewels Limited operates as a specialized B2B designer and manufacturer of lightweight, affordable fine jewellery, catering primarily to major retail jewellery chains and independent jewellers.
- Core Offerings: The company specializes in crafting trendy, daily-wear fine jewellery. Its primary product lines include diamond-studded gold jewellery, platinum fine jewellery, and select collections featuring lab-grown diamonds and gemstones.
- Business-to-Business (B2B) Framework: Rather than selling directly to retail consumers through storefronts, Priority Jewels operates strictly on a B2B wholesale model. It supplies finished products to prominent domestic retail chains and independent jewellers across India, while also maintaining a strong export footprint spanning over a dozen international markets including the UAE, USA, Hong Kong, and Norway.
- Design & Technology Integration: A key strength of its operational model is its in-house design team, which utilizes advanced computer-aided design (CAD) software and 3D printing technology. This technological integration allows the company to rapidly prototype thousands of unique, lightweight styles—significantly reducing the physical weight of gold used per piece while maintaining a premium aesthetic appearance.
- Manufacturing & Revenue Generation: The company operates high-capacity manufacturing facilities in Maharashtra, allowing it to efficiently scale production. It generates revenue through high-volume wholesale contracts with large institutional buyers and retail brands. By focusing on lightweight design architecture, the model optimizes raw metal consumption and working capital requirements while fulfilling recurring retail replenishment demand.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹14.03 | — |
| P/E ratio | 14.26× | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 44 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 839 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 9.15 L | 2.76 Cr | 30.18× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 33.00 L | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 55.59 L | — |
| 1(c)Mutual funds | — | 6,075 | — |
| 2Non Institutional Investors | 6.86 L | 8.58 Cr | 125.03× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 4.58 L | 5.36 Cr | 117.08× |
| 2.1(c)Others | — | 20.83 L | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 2.29 L | 3.22 Cr | 140.93× |
| 2.2(a)Corporates | — | 1.68 L | — |
| 2.2(b)Individuals(Other than RIIs) | — | 3.09 Cr | — |
| 3Retail Individual Investors(RIIs) | 16.01 L | 11.14 Cr | 69.55× |
| 3(a)Cut Off | — | 9.25 Cr | — |
| 3(b)Price bids | — | 1.89 Cr | — |
| Total | 32.02 L | 22.48 Cr | 70.19× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹190 → ₹200 · peak 32.35 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
This issue’s anchor letter was filed as a scanned image with no text layer, so the allocation table cannot be read without OCR. We link the filing rather than publish figures we cannot verify.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹190 – ₹200
- Lot size
- 75 shares
- Min. bid quantity
- 75
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 32.02 L
- Issue size
- ₹64.05 Cr
- Max bid · QIB
- 32.02 L
- Max bid · NII
- 22.88 L
Timeline & process
- Bidding opens
- 28 Aug 2026
- Bidding closes
- 01 Sept 2026
- Bidding hours
- 10 AM TO 5 PM
- UPI mandate cutoff
- 01 SEPTEMBER 2026 (up to 5 pm)
- Allotment
- —
- Listing
- 04 Sept 2026
Intermediaries
- Registrar
- MUFG Intime India Private Limited
- Sponsor bank
- AXIS BANK
- Lead managers
- Mefcom Capital Markets Limited