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InvestmentsIPOPriority Jewels IPO

Priority Jewels IPO

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Open Date

28 Aug 2026

Close Date

1 Sep 2026

Min Investment

₹ 15,000

Lot Size

75

Issue Size

₹ 91.50 Cr

Price Range

₹ 190 - ₹ 200

Subscribed

-
Pre-Apply Now
status

This IPO is Open for Pre Apply.

IPO Timeline
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IPO Offer Start
28 Aug 2026
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IPO Offer Ends
1 Sep 2026
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Allotment Finalisation
2 Sep 2026
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Refund Initialisation
3 Sep 2026
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Non-Institutional Buyers (sHNI)
3 Sep 2026
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Listing of Shares
4 Sep 2026
IPO Subscription Details as on 28 Aug 2026, 07:41 AM

No Subcription Details for this IPO

IPO subscription details, if any,
will appear here

Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Priority Jewels Limited is engaged in designing, manufacturing and sale of a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery. The company sells directly to independent jewellers and jewellery chains in India as well as select international markets, supplying products to major retail chains including CaratLane Trading Private Limited, Kalyan Jewellers India Limited, Reliance Retail Limited, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri Limited and Senco Gold Limited. Incorporated in 2007, the company has over 16 years of experience in the jewellery manufacturing industry with two manufacturing facilities in Mumbai spanning 19,008.79 square feet and 6,821.84 square feet respectively.
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Founded In

2007

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CEO

-

Financials of Priority Jewels IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue410.51435.50538.95
Other Income0.110.370.08
Total Income
410.61435.87539.03
Total Expenses
400.97420.88515.55
Profit Before Tax9.6514.9923.47
Total Profit
7.1510.5117.65

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to utilize the Net Proceeds for repayment or prepayment, in full or in part, of certain working capital borrowings availed by the company. This will help reduce outstanding indebtedness and debt servicing costs, enabling utilization of internal accruals for further business growth and expansion.75
The company proposes to deploy the balance Net Proceeds towards general corporate purposes including brand building and marketing efforts, funding growth opportunities, meeting expenses for strategic initiatives, partnerships, tie-ups or acquisitions, and meeting exigencies in ordinary course of business.-
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  • Diversified product portfolio supported by design capabilities and customer-centric approach: The company offers a broad range of jewellery products within the aspirational yet affordable segment, with an in-house design team that developed 4,168, 8,356, 6,401, and 5,231 jewellery designs for the three months ended June 30, 2026 and Fiscals 2026, 2025, and 2024, respectively.
  • Integrated manufacturing facilities and established operational systems: The company operates integrated manufacturing facilities spanning 19,008.79 square feet in MIDC and 6,821.84 square feet in SEEPZ, Mumbai, with manufacturing capacity of approximately 700 kgs per annum and around 58% utilization across the last three Fiscals.
  • Experienced Promoters and leadership team: The company's Promoters, Shailesh Sangani and Tushar Mehta, bring over three decades of experience in the gems and jewellery industry, with Shailesh Sangani receiving the Hall of Fame Award from GJEPC in 2024.
  • Longstanding relationships with customers: The company has established relationships with diverse customers who have repeatedly chosen their products, with some relationships extending to around 8-16 years, providing stable recurring revenue streams and high customer retention.
  • Strong presence across domestic and international markets: The company's geographical customer distribution spans 18 states and 3 union territories in India and 8 countries outside India, with revenue from overseas markets constituting 49.56% for the three months ended June 30, 2026.

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SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
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