Archive · 4 Sep 2026
Priority Jewels Debuts With 15% Gain, Hits Upper Circuit
Priority Jewels sold shares to the public through an IPO.
The shares began trading on Friday, September 4.
They started at Rs 230 on the NSE, above the IPO price of Rs 200.
On the BSE, they opened at Rs 225.20.
The shares then rose further and reached the highest permitted daily level on both exchanges.
The IPO attracted very strong interest and was subscribed more than 100 times.
Four anchor investors had earlier invested Rs 27.5 crore.
The company’s market value rose above Rs 425 crore on both exchanges.
Priority Jewels shares listed at Rs 230 on the NSE, a 15% premium over the Rs 200 IPO price.
The stock debuted at Rs 225.20 on the BSE, representing a 12.6% premium.
Shares later reached upper circuits of Rs 241.50 on the NSE and Rs 236.45 on the BSE.
The company’s market valuation reached Rs 434.70 crore on the NSE and Rs 425.61 crore on the BSE.
The Rs 91.50-crore IPO was subscribed 100.45 times, while the company raised Rs 27.5 crore from four anchor investors.
- Who
- Priority Jewels and investors in its initial public offering.
- What
- Priority Jewels shares made their stock-market debut at a premium and later hit the upper circuit on both exchanges.
- When
- Friday, September 4; the IPO was subscribed 100.45 times on the final bidding day.
- Where
- The shares listed on the National Stock Exchange and the Bombay Stock Exchange.
- Why
- Strong investor demand drove buying after the company’s IPO listing.
- IPO issue price
- Rs 200 per share; the price band was Rs 190-Rs 200.
- NSE opening price
- Rs 230, representing a 15% listing gain.
- BSE opening price
- Rs 225.20, representing a 12.6% premium.
- NSE upper circuit
- Rs 241.50, or 20.75% above the IPO price.
- BSE upper circuit
- Rs 236.45, or 18.23% above the IPO price.
- IPO size
- Rs 91.50 crore, consisting entirely of a fresh issue of up to 45.75 lakh equity shares.
- Subscription level
- 100.45 times on the final day of bidding.