Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Priority Jewels Ltd. on August 22, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Priority Jewels Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on NSE and BSE. Mefcom Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Priority Jewels IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Apr 30, 2025 |
| SEBI/Exchange approval received | Fri, Aug 22, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 2007, Priority Jewels designs, manufactures, and sells diamond-studded gold and platinum fine jewellery. It offers a variety of daily wear jewellery products, like rings, earrings, pendants, neckware, bracelets, and occasion couture jewellery.
The company sells products to independent jewellers and jewellery chains in India and globally, like CaratLane Trading Pvt Ltd, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Thribhovandas Bhimji Zaveri Ltd, and Senco Gold Ltd.
As of December 31, 2024, it has served over 200 customers, including 159 independent jewellers and 35 jewellery chains. The company has a strong market presence across 21 states and 3 union territories, and exports products to 13 countries, including the United States of America, UAE, Hong Kong, and Norway.
It has two jewellery manufacturing facilities in Mumbai across 19,008.79 square feet.
Competitive Strengths
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 278.26 | 268.99 | 280.48 | 231.90 |
| Total Income | 295.57 | 410.61 | 471.42 | 403.57 |
| Profit After Tax | 8.15 | 7.15 | 4.50 | 5.37 |
| NET Worth | 102.56 | 94.78 | 99.84 | 95.41 |
| Total Borrowing | 119.56 | 124.96 | 117.08 | 103.74 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment / pre-payment, in full or in part, of certain borrowings availed by our Company | 75.00 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 7.35% |
| ROCE | 17.47% |
| Debt/Equity | 1.32 |
| RoNW | 7.54% |
| PAT Margin | 1.74% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Priority Jewels IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Priority Jewels IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Priority Jewels IPO using UPI as a payment gateway. Zerodha customers can apply in Priority Jewels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Priority Jewels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Priority Jewels IPO dates are not announced. Please check back again after some time.
Priority Jewels IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Priority Jewels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Priority Jewels IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Priority Jewels IPO allotment status.
The Priority Jewels IPO listing date is not yet announced. The tentative date of listing is .
