Archive · 2 Sep 2026
Priority Jewels IPO Allotment Awaits Investors, GMP Signals Listing Gain
Priority Jewels recently finished selling shares to the public through an IPO.
Many more investors applied than the number of shares available.
The IPO was subscribed nearly 100 times overall.
Investors can check today whether they received shares.
Shares may be added to successful applicants’ demat accounts on 3 September.
People who do not receive shares are expected to get their money back that day.
The shares are planned to begin trading on 4 September.
Market sources estimate they could initially trade about 15.50% above the IPO price, but this is only an indication and not a guarantee.
Priority Jewels’ ₹91.50 crore IPO closed on 1 September with nearly 100-times overall subscription.
Retail investors subscribed nearly 107 times, while non-institutional investors subscribed 166.5 times.
IPO allotment is expected on 2 September, with share credit and refunds scheduled for 3 September.
Priority Jewels shares are scheduled to list on the BSE and NSE on 4 September.
A grey market premium of ₹31 implies a possible listing price of ₹231, or a 15.50% premium to the ₹200 issue price.
- Who
- Priority Jewels and investors who applied for its IPO.
- What
- The company completed a ₹91.50 crore IPO and is finalising share allotments.
- When
- The IPO closed on 1 September; allotment is expected on 2 September, refunds and share credits on 3 September, and listing on 4 September.
- Where
- The shares are scheduled to list on the BSE and NSE; allotment status can be checked on the registrar’s, BSE’s, or NSE’s website.
- Why
- Priority Jewels is raising funds to repay certain borrowings and for general corporate purposes.
- Issue size
- ₹91.50 crore
- Issue structure
- Fresh issue of 45.75 lakh shares
- Issue price
- ₹200 per share
- Overall subscription
- Nearly 100 times
- Retail subscription
- Nearly 107 times
- Non-institutional subscription
- 166.5 times
- Grey market premium
- ₹31, implying a possible ₹231 listing price and a 15.50% premium
- Registrar
- MUFG Intime India