Priority Jewels IPO is scheduled to open in 2025 and close in 2025. It is a Book Built Issue through which the company aims to raise around ₹ crores, including a fresh issue of ₹ crores and an offer for sale of equity shares with a face value of ₹10 each. The IPO price band is set between ₹ and ₹ per share. The listing will take place on BSE and NSE in 2025, and allotment is expected on 2025.
The company recorded revenue of ₹410.61 crores in 2024 compared to ₹471.42 crores in 2023. Profit improved to ₹7.15 crores in 2024 from ₹4.50 crores in 2023. The financial trend indicates gradual stability, making this IPO a consideration for long-term investors.
Contents
Priority Jewels IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹ to ₹ per share |
| Issue Size | Approx ₹ crores |
| Fresh Issue | Approx ₹ crores |
| Offer for Sale | Approx equity shares |
| Issue Type | Book Built Issue |
| Listing | BSE & NSE |
| DRHP | View PDF |
| RHP | View PDF |
Priority Jewels IPO Review
Priority Jewels specialises in crafting fine diamond-studded gold and platinum jewellery. With strong partnerships across well-known jewellery chains and advanced manufacturing technology, the company maintains a stable position in India’s jewellery supply ecosystem.
Revenue fluctuated over the last three years, but profitability has shown improvement. The company’s established B2B network adds credibility for long-term growth.
Priority Jewels IPO Market Lot
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | – | – | ₹ |
| Retail Maximum | – | – | ₹ |
| S-HNI Minimum | – | – | ₹ |
| S-HNI Maximum | – | – | ₹ |
| B-HNI Minimum | – | – | ₹ |
IPO Reservation
| Investor Category | Shares Offered | % Share |
|---|---|---|
| Anchor Investor | – Shares | % |
| QIB (Ex-Anchor) | – Shares | 50% |
| NII | – Shares | 15% |
| Retail | – Shares | 35% |
Priority Jewels IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | 2025 |
| Anchor Investors List | View PDF |
| Shares Offered | Shares |
| Anchor Size | Cr. |
| Lock-in 50% (30 days) | 2025 |
| Lock-in 50% (90 days) | 2025 |
Priority Jewels IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Basis of Allotment | 2025 |
| Refunds | 2025 |
| Credit to Demat | 2025 |
| Listing Date | 2025 |
| Cut-off Time | 2025 – 5 PM |
Promoters and Holding Pattern
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 1,26,00,000 | 100% |
| Promoter Holding Post-Issue | 1,80,00,000 | % |
Objects of the Issue
A part of the funds will be used for the repayment or pre-payment of certain borrowings amounting to ₹75 crores.
The remaining funds will be allocated for general corporate purposes, supporting operational growth and strengthening the company’s position in the jewellery manufacturing segment.
- Also Read: Hero Motors IPO
About Priority Jewels IPO
Established in 2007, Priority Jewels designs and manufactures lightweight, fine jewellery in gold and platinum, often studded with diamonds. It caters to leading retail chains such as CaratLane Trading, Malabar Gold & Diamonds, Kalyan Jewellers, TBZ, and Senco Gold.
The company operates advanced manufacturing units in Mumbai, equipped with 3D printing, CAD/CAM design, and precision casting technologies. With over 200 customers, including 159 independent jewellers and 35 large jewellery chains, it maintains a strong presence in India’s jewellery ecosystem.
Key competitors include Khazanchi Jewellers, RBZ Jewellers, Ashapuri Gold Ornament, and Shringar House of Mangalsutra.
Priority Jewels Financial Report (₹ in Crores)
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2022 | ₹403.57 | ₹396.32 | ₹5.37 | ₹231.90 |
| 2023 | ₹471.42 | ₹465.32 | ₹4.50 | ₹280.48 |
| 2024 | ₹410.61 | ₹400.97 | ₹7.15 | ₹268.99 |
| December 2024 | ₹295.57 | ₹284.21 | ₹8.15 | ₹278.26 |
Priority Jewels IPO Valuation- FY2024
| KPI | Value |
|---|---|
| ROE | 7.35% |
| ROCE | 17.47% |
| EBITDA Margin | 4.71% |
| PAT Margin | 1.74% |
| Debt-to-Equity Ratio | 1.32 |
| EPS (Basic) | ₹5.67 |
| P/E Ratio | N/A |
| RoNW | 7.54% |
| NAV | ₹300.90 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Khazanchi Jewellers Ltd | 11.04 | 50.09 | 14.55% | 75.87 | 820.78 Cr |
| RBZ Jewellers Ltd | 8.23 | 16.82 | 14.38% | 51.87 | 327.43 Cr |
| Ashapuri Gold Ornament Ltd | 0.40 | 17.83 | 11.65% | 3.60 | 165.07 Cr |
| Shringar House of Mangalsutra Ltd | 4.39 | NA | 25.65% | 154.34 | 1101.52 Cr |
IPO Lead Managers
| Lead Manager | Mefcom Capital Markets Limited |
Company Address
| Details | Information |
|---|---|
| Company | Priority Jewels Limited |
| Address | Plot No. 121, Street No.15/18, MIDC, Andheri (East), Mumbai – 400093 |
| State | Maharashtra, India |
| Phone | +91 22 6767 9898 |
| cs@priorityindia.com | |
| Website | www.priorityjewels.in |
IPO Registrar
| Registrar | MUFG Intime India Private Limited |
|---|---|
| Phone | +91 81081 14949 |
| priorityjewels.ipo@in.mpms.mufg.com | |
| Website | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Priority Jewels IPO FAQs
What is Priority Jewels IPO?
A Mainboard IPO aiming to raise ₹ crores with a price band of ₹ to ₹ per share.
When will the IPO open?
It will open in 2025 and close in 2025.
What is the investors’ portion?
QIB 50%, NII 15%, Retail 35%.
How to apply?
Via ASBA through banks, UPI through brokers, or offline forms.
What is the issue size?
₹ crores.
What is the price band?
₹ to ₹ per share.
What is the lot size?
Minimum lot size is shares worth ₹ .
What is the allotment date?
2025.
What is the listing date?
2025 on BSE and NSE.
Expert Comment
Priority Jewels has a solid presence in the fine jewellery manufacturing sector, supported by long-standing relationships with major retail chains. The company’s use of modern technology and its focus on lightweight diamond-studded designs give it an edge in the B2B market.
While margins remain modest, consistent profitability and a wide customer base position the brand for stable long-term performance. Investors seeking exposure to the jewellery manufacturing space may find this IPO worth tracking closely.
