1 week ago
Priority Jewels Sets ₹190–₹200 IPO Band, Opens August 28
Priority Jewels makes jewellery such as rings, earrings, pendants and bracelets.
It uses gold and platinum, often with diamonds.
The company wants to sell new shares to the public through an IPO.
Each share will cost between ₹190 and ₹200.
The share sale is scheduled to run from August 28 to September 1.
Anchor investors are scheduled to bid on August 27.
Priority Jewels plans to use ₹75 crore to repay or pre-pay some borrowings.
The rest of the money will be used for general business needs.
The shares are proposed to be listed on the BSE and the National Stock Exchange of India.
Priority Jewels has set its IPO price band at ₹190–₹200 per share, with a face value of ₹10.
The fresh issue comprises up to 45.75 lakh shares, raising ₹86.93 crore at the lower band or ₹91.50 crore at the upper band.
Subscription is scheduled for August 28 through September 1, with anchor-investor bidding on August 27 and proposed listing on September 4.
The company plans to use ₹75 crore to repay or pre-pay borrowings and the remainder for general corporate purposes.
Priority Jewels makes lightweight diamond-studded gold and platinum jewellery, supplying independent jewellers and major retail chains in India and select overseas markets.
- Who
- Priority Jewels Ltd, a jewellery designer, manufacturer and seller.
- What
- The company has announced the price band, schedule and other details for a fresh-issue IPO.
- Where
- The proposed shares will be listed on BSE Limited and the National Stock Exchange of India Limited; the company operates two manufacturing facilities in India.
- When
- Anchor bidding is scheduled for August 27; public subscription for August 28 to September 1; proposed listing for September 4. One article reports company data as of August 24, 2026, while the IPO schedule is not explicitly assigned a year in all reports.
- Why
- Priority Jewels plans to use ₹75 crore for repayment or pre-payment of certain borrowings and the balance for general corporate purposes.
Key facts
- IPO price band
- ₹190–₹200 per share
- Face value
- ₹10 per share
- Fresh issue
- Up to 45.75 lakh equity shares
- Issue size
- ₹86.93 crore at the lower price band and ₹91.50 crore at the upper price band
- Subscription schedule
- August 28 to September 1; anchor-investor bidding is scheduled for August 27
- Proposed listing
- September 4 on BSE Limited and the National Stock Exchange of India Limited
- Use of proceeds
- ₹75 crore for repayment or pre-payment of certain borrowings; the balance for general corporate purposes
- Pre-IPO placement
- 8.25 lakh shares were placed at ₹190 per share, raising ₹15.67 crore
Sources
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