Priority Jewels

Priority Jewels IPO

IPO Open Now

₹14,250

0.69 xOver-subscribed

Bidding Dates 28 Aug, 26 -01 Sept, 26

Min Investment ₹14,250

Lot Size75

Price Range ₹190 – ₹200

Issue Size ₹91.50 Cr.

Download Doc

DRHP

IPO Subscription Details

Retail Subscription Details

1.23 x

Non-Institutional Buyers (sHNI)

0.5 x

Non-Institutional Buyers (bHNI)

0.27 x

Qualified Institutional Buyers (QIB)

0 x

Total

0.69 x

IPO Timeline

IPO Analysis

Strengths

The company offers a broad range of jewellery products within the aspirational yet affordable segment, with an in-house design team that developed 4,168, 8,356, 6,401, and 5,231 jewellery designs for the three months ended June 30, 2026 and Fiscals 2026, 2025, and 2024, respectively.

The company operates integrated manufacturing facilities spanning 19,008.79 square feet in MIDC and 6,821.84 square feet in SEEPZ, Mumbai, with manufacturing capacity of approximately 700 kgs per annum and around 58% utilization across the last three Fiscals.

The company's Promoters, Shailesh Sangani and Tushar Mehta, bring over three decades of experience in the gems and jewellery industry, with Shailesh Sangani receiving the Hall of Fame Award from GJEPC in 2024.

Risks

The company derived 53.19% of revenue from its top ten customers for the period ended June 30, 2026, with 33.36% from top five customers. Loss of such customers or reduction in business from them could have a significant adverse impact on business and results of operations.

The cost of raw materials consumed as a percentage of total expenses was 108.13% for three months ended June 30, 2026. The company does not have long-term agreements for supply of raw materials, and any disruption in procurement could adversely impact production schedules and costs.

The company purchased 59.40% of total raw materials from top 10 suppliers for three months ended June 30, 2026, with top 3 suppliers contributing 34.85%. Continued dependence on concentrated supplier base may adversely affect supply chain efficiency and business operations.

Objectives

The company proposes to utilize the Net Proceeds for repayment or prepayment, in full or in part, of certain working capital borrowings availed by the company. This will help reduce outstanding indebtedness and debt servicing costs, enabling utilization of internal accruals for further business growth and expansion.

The company proposes to deploy the balance Net Proceeds towards general corporate purposes including brand building and marketing efforts, funding growth opportunities, meeting expenses for strategic initiatives, partnerships, tie-ups or acquisitions, and meeting exigencies in ordinary course of business.

Yearly Financial Results

Annual Financials	Mar 2024	Mar 2025	Mar 2026
Revenue	410.51	435.50	538.95
Expenses	400.97	420.88	515.55
Other Income	0.11	0.37	0.08
Total Revenue	410.61	435.87	539.03
Profit Before Tax	9.65	14.99	23.47
Net Profit	7.15	10.51	17.65

Show % Change

Above figures are in Rs. Crores

Balance Sheet

Balance Sheet	Mar 2024	Mar 2025	Mar 2026
Total Assets	268.99	309.14	291.95
Current Assets	250.24	288.53	272.06
Fixed Assets	18.75	20.61	19.89
Total Equity & Liabilities	268.99	309.14	291.95
Total Liabilities	174.21	204.25	153.35
Current Liabilities	169.02	201.28	138.69
Non Current Liabilities	5.19	2.97	14.66
Total Equity	94.78	104.89	138.61

Show % Change

Above figures are in Rs. Crores

Cash Flow

Cash Flow	Mar 2024	Mar 2025	Mar 2026
Net Cash Flow	-9.59	-2.91	0.35
Investing Activities	4.60	-18.72	17.59
Operating Activities	-1.82	2.51	17.69
Financing Activities	-12.37	13.30	-34.93

Show % Change

Above figures are in Rs. Crores

About Priority Jewels

Priority Jewels Limited is engaged in designing, manufacturing and sale of a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery. The company sells directly to independent jewellers and jewellery chains in India as well as select international markets, supplying products to major retail chains including CaratLane Trading...more

Website

www.priorityjewels.in

Managing DirectorShailesh Sangani

About Scanx

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.
This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.
The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.
We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.
By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.
We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.

Part of Raise Financial Services

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357 Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320

Registered Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai - 400104