Priority Jewels Limited
IPO Details
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Company Fin.
₹28(14.00%)
Premium (ELP)
Having completed its public offering, Priority Jewels Limited's is now listed and trading on the NSE, BSE exchange as of Sep 04, 2026. The IPO raised cumulative capital of 45,75,000 Shares, including 45,75,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹190 to ₹200 and minimum investment requirement of 75 shares. subscription activity between Aug 28, 2026 and Sep 01, 2026 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Sep 02, 2026 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2007, Priority Jewels is a company that designs, manufactures, and sells diamond-studded gold and platinum jewellery. Its product range includes daily wear items like rings, earrings, pendants, necklaces, and bracelets, as well as occasion jewellery. The company supplies its products to independent jewellers and major jewellery chains in India and abroad, including well-known names like CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, TBZ, and Senco Gold. As of December 31, 2024, it has served over 200 customers across India and exports to 13 countries such as the USA, UAE, Hong Kong, and Norway. The company operates two manufacturing facilities in Mumbai, supporting its production and design activities.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diversified Product Portfolio: The company offers a wide range of jewellery, including rings, earrings, pendants, bracelets, mangalsutras and traditional designs. It caters to both everyday wear and special occasions across different price ranges.
- Experienced Promoters & Leadership: Promoters Shailesh Sangani and Tushar Mehta have over 30 years of industry experience. The management team also includes professionals with expertise in jewellery, marketing and finance.
- Strong Customer Relationships: The company has maintained long-term relationships with customers for up to 8–16 years through consistent quality and service. These relationships support repeat business and customer loyalty.
- No Long-Term Customer Contracts: The company mainly works under short-term contracts, which can create pricing pressure and revenue uncertainty. Non-renewal or unfavorable contract terms could affect sales and financial performance.
- Dependence on a Single Business Segment: The company operates only in the jewellery business. Any slowdown or negative changes in the jewellery industry could significantly impact its revenue and profitability.
- Manufacturing & Regional Concentration: The company relies on only two manufacturing facilities in Maharashtra. Any disruption caused by natural disasters, infrastructure issues, workforce problems or regulatory changes could affect production, operations and cash flow.
- Shailesh Sangani
- Manisha Shailesh Sangani
- Tushar Mehta
- Aditi Karan Motla
- Aashna Sangani Parikh
- Priority Retail Ventures Pvt Ltd
Priority Jewels Limited
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