Priority Jewels Limited designs, manufactures, and sells lightweight diamond-studded gold and platinum jewellery, including rings, earrings, pendants, neckwear, bracelets, and occasion couture jewellery. It also manufactures lab-grown diamond jewellery based on customer requirements.
The company sells its products to independent jewellers and jewellery chains in India and select international markets, including major retailers such as CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, TBZ, and Senco Gold.
As of June 30, 2026, the company served over 200 customers, including 125 independent jewellers and 53 jewellery chains. It had a presence across 21 states and three union territories in India and exported its products to 13 countries.
Priority Jewels operates two integrated jewellery manufacturing facilities in Mumbai, spanning 19,008.79 sq. ft. and 6,821.84 sq. ft., respectively, with a combined manufacturing capacity of approximately 700 kg per annum.
As of June 30, 2026, the company had 211 permanent employees and 245 contractual workers.
Priority Jewels IPO – Details
| IPO Opening Date | 28 August 2026 |
| IPO Closing Date | 01 September 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 45,75,000 Shares Worth ₹91.50 Crore Fresh Issue: 45,75,000 Shares Worth ₹91.50 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹190 – ₹200 per share |
| Market Lot | 75 Shares |
| Min Order | 75 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Priority Jewels IPO – Date Schedule
| IPO Open Date | 28 August 2026 |
| IPO Close Date | 01 September 2026 |
| Basis of Allotment | 02 September 2026 |
| Initiation of Refund | 03 September 2026 |
| Credit of Shares to Demat Account | 03 September 2026 |
| IPO Listing Date | 04 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 01, 2026 |
Priority Jewels IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹15,000 |
| Retail (Max) | 13 | 975 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1050 | ₹2,10,000 |
| S-HNI (Max) | 66 | 4950 | ₹9,90,000 |
| B-HNI (Min) | 67 | 5025 | ₹10,05,000 |
Competitive Strength
- Diversified product portfolio with strong design capabilities.
- Integrated manufacturing facility in Mumbai.
- Experienced promoters and leaders.
- Longstanding relationship with customers.
- Strong market presence across domestic and international markets.
Company Promoters
- Shailesh Sangani
- Manisha Shailesh Sangani
- Tushar Mehta
- Aditi Karan Motla
- Aashna Sangani Parikh
- Priority Retail Ventures Pvt. Ltd.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹410.61 Cr | ₹400.97 Cr | ₹7.15 Cr | ₹124.96 Cr |
| 31 March 2025 | ₹435.87 Cr | ₹420.88 Cr | ₹10.51 Cr | ₹145.85 Cr |
| 31 March 2026 | ₹539.03 Cr | ₹515.55 Cr | ₹17.65 Cr | ₹102.59 Cr |
| 30 June 2026 | ₹147.40 Cr | ₹138.86 Cr | ₹6.48 Cr | ₹110.49 Cr |
Key Performance Indicator
| KPI | Values (June 30, 2026) |
|---|---|
| ROE | 4.55% |
| ROCE | 6.92% |
| RoNW | 4.44% |
| Debt/Equity | 0.76 |
| PAT Margin | 4.39% |
| EBITDA Margin | 7.01% |
| NAV | 108.59 |
| Pre IPO | Post IPO | |
| EPS (₹) | 13.15 | 14.39 |
| P/E (x) | 15.21 | 13.90 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment / pre-payment, in full or in part, of certain borrowings availed by the Company. | ₹75.00 |
| General corporate purposes. |
Priority Jewels IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Khazanchi Jewellers Ltd | 22.24 |
| 2 | 10 | RBZ Jewellers Ltd | 10.08 |
| 3 | 1 | Ashapuri Gold Ornament Ltd | 7.02 |
✅Strengths
- Diversified product portfolio with strong in-house design capabilities.
- Integrated manufacturing facilities with end-to-end production capabilities.
- Longstanding relationships with leading jewellery retailers.
- Strong presence across domestic and international markets.
- Experienced promoters and management team.
⚠️Risks
- No long-term contracts with customers.
- High dependence on customers in Maharashtra.
- Export business is exposed to international market risks.
- Dependence on raw material suppliers and price volatility.
- Manufacturing capacity under-utilisation may affect profitability.
Priority Jewels IPO Promoter Holding
| Pre Issue Share Holding | 93.85% |
| Post Issue Share Holding | 70.00% |
Priority Jewels IPO Prospectus
Company Contact Information
| Priority Jewels Ltd. Plot No. 121, Street No.15/18 MIDC, Andheri (East) Mumbai, Maharashtra, 400093 Phone: +91 22 6767 9898 Email: cs@priorityindia.com Website: https://priorityjewels.in/ |
Priority Jewels IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: priorityjewels.ipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Priority Jewels IPO Lead Manager(s)
| 1. Mefcom Capital Markets Limited |
Priority Jewels IPO FAQs
| What is the Priority Jewels IPO? Priority Jewels IPO is a main-board IPO. The issue is priced at ₹190 to ₹200 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Priority Jewels IPO open? The IPO is to open on 28 August 2026 for QIB, NII, and Retail Investors. |
| What is Priority Jewels IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Priority Jewels IPO Size? Priority Jewels IPO size is ₹91.50 Crore. |
| What are the Priority Jewels IPO Minimum and maximum lot sizes for Retail? The minimum bid is 75 Shares with ₹15,000, while the maximum bid is 975 Shares with ₹1,95,000. |
| What is the Priority Jewels IPO Allotment Date? Priority Jewels IPO allotment date is 02 September 2026. |
| What is the Priority Jewels IPO Listing Date? Priority Jewels IPO listing date is 04 September 2026. The IPO is to be listed on the BSE and the NSE. |
