Priority Jewels IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 | 2025 | 2026 | June 2026 |
|---|---|---|---|---|
| Revenue | 410.61 | 435.87 | 539.03 | 147.40 |
| Expense | 400.97 | 420.88 | 515.55 | 138.86 |
| Profit (PAT) | 7.15 | 10.51 | 17.65 | 6.48 |
| Total Assets | 268.99 | 309.14 | 291.95 | 310.61 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Khazanchi Jewellers Ltd | 36.10 | 22.24 | 27.98 | 129.13 | 2,049.22 Cr |
| RBZ Jewellers Ltd. | 13.70 | 10.08 | 18.28 | 74.96 | 636.48 Cr |
| Ashapuri Gold Ornament Ltd. | 0.56 | 7.02 | 11.13 | 5.00 | 317.21 Cr |
Promoters: Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh And Priority Retail Ventures Private Limited
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,26,00,000 | 100.00% |
Strengths & Risks
- Heavily oversubscribed — 100.3x overall (so far).
- Strong institutional (QIB) demand — 39.9x.
- Revenue grew 24% in the latest reported year.
- Modest return on equity — 5%.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Priority Jewels was incorporated in 2007 and is one of the leading companies engaged in the manufacturing of fine jewellery. The company follows the process from designing, manufacturing, to selling a comprehensive range of lightweight, affordable, and diamond-studded gold and platinum fine jewellery. The company is engaged in supplying gold and platinum jewellery directly to independent jewellers and jewellery chains in India, such as CaratLane Trading, Kalyan Jewellers, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri, and Senco Gold. Their manufacturing facilities situated in Mumbai span 19,008 sq ft. and 6,821 sq. ft., which are provided with advanced casting as well as modern CAD/CAM and 3D printing technology, enabling precision manufacturing. The company consists of over 200 customers in India, 159 independent jewellers, and 35 jewellery chains as of December 2024. Khazanchi Jewellers, RBZ Jewellers, Ashapuri Gold Ornament, and Shringar House of Mangalsutra are the competitors of the priority jewels.
Priority Jewels Limited, Plot No. 121, Street No.15/18, MIDC, Andheri (East), Mumbai, City, Mumbai 400 093,, Maharashtra, India
| Purpose | Amount (Cr) |
|---|---|
| Repayment / pre-payment, in full or in part, of certain borrowings availed by our Company | 75.00 |
| General corporate purposes | - |
Resources & Documents
Priority Jewels has set a price band of Rs 190–Rs 200 per share for an issue size of Rs 92 crore. The stock listed with a 15.00% gain versus its issue price on September 04, 2026.
Priority Jewels was incorporated in 2007 and is one of the leading companies engaged in the manufacturing of fine jewellery. The company follows the process from designing, manufacturing, to selling a comprehensive range of lightweight, affordable, and diamond-studded gold and platinum fine jewellery.
The issue is promoted by Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh And Priority Retail Ventures Private Limited with Mefcom Capital Markets Limited acting as lead manager. Net proceeds will primarily be used towards Repayment / pre-payment, in full or in part, of certain borrowings availed by our Company (Rs 75 crore) and General corporate purposes.
On fundamentals, the company is posting revenue growth of 23.7%, a profit margin of 3.3%, return on equity of 4.6% in its most recent reported period. Listed peers in this segment include Khazanchi Jewellers Ltd (P/E 22.24x) and RBZ Jewellers Ltd. (P/E 10.08x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Priority Jewels IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Priority Jewels GMP history and trend, or learn how grey market premium works and how reliable it is.
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