The Priority Jewels IPO is expected to open in 2025, with the issue closing within the same year. This will be a Book Built Issue, through which the company plans to raise approximately ₹[•] crores.
The issue comprises a fresh issue of ₹[•] crores along with an offer for sale (OFS) of up to [•] equity shares, each having a face value of ₹10 per share.
The funds raised from the IPO are likely to be used for business expansion, working capital needs, and other corporate purposes.
The price band for the Priority Jewels IPO is expected to be set between ₹[•] to ₹[•] per share. As per the allocation structure, retail investors will get a 35% quota, while Qualified Institutional Buyers (QIBs) are allotted 50%, and High Net Worth Individuals (HNIs) will have a 15% share reserved.
The Priority Jewels IPO is proposed to be listed on both the BSE and NSE in 2025. The IPO allotment date is also expected to be finalized within the same year.
In 2024, the company recorded a revenue of ₹410.61 crores, compared to ₹471.42 crores in 2023. While there was a slight decline in revenue, the company’s net profit increased from ₹4.50 crores in 2023 to ₹7.15 crores in 2024, reflecting stronger profitability and improved operational efficiency.
Despite a small dip in revenue, the overall growth in profit indicates the company’s ability to manage costs effectively and sustain margins. Based on its financial performance, experts suggest that the Priority Jewels IPO could be a good option for long-term investors looking for stable and consistent returns.
Priority Jewels IPO Date & Details
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Download |
| RHP Draft Prospectus: | Download |
| Anchor Investors List: | Download |
Priority Jewels IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | – |
| Retail Maximum | 13 | – | – |
| S-HNI Minimum | 14 | – | – |
| B-HNI Minimum | 68 | – | – |
The Priority Jewels IPO is expected to open in 2025 and close within the same year. The IPO allotment is likely to be finalized in 2025, followed by the listing of shares on the stock exchanges — BSE and NSE — in the same period.
Investors are advised to keep an eye on the official IPO schedule for confirmed dates regarding opening, closing, allotment, and listing once the company releases its final announcement.
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
Priority Jewels IPO Company Financial Report & data
In 2024, the company generated a revenue of ₹410.61 crores, compared to ₹471.42 crores in 2023. Although revenue saw a slight dip year-on-year, the company’s net profit increased from ₹4.50 crores in 2023 to ₹7.15 crores in 2024, showing improved profitability and stronger operational efficiency.
This rise in profit despite lower revenue highlights the company’s focus on cost management and margin improvement, reflecting healthy financial performance.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹403.57 | ₹396.32 | ₹5.37 | ₹231.90 |
| 2023 | 471.42 | ₹465.32 | ₹4.50 | ₹280.48 |
| 2024 | ₹410.61 | ₹400.97 | ₹7.15 | ₹268.99 |
| December 2024 | ₹295.57 | ₹284.21 | ₹8.15 | ₹278.26 |
Priority Jewels IPO Valuation – FY2024
Before investing, it’s important to review the Priority Jewels IPO valuation metrics to understand the company’s financial strength and market position. Key parameters to look at include the Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
These valuation figures help investors assess how efficiently the company generates profits, how it’s valued compared to peers, and whether the IPO is fairly priced or overvalued. Analyzing these numbers provides a clearer picture of the company’s profitability and long-term growth potential.
| KPI | Values |
| ROE: | 7.35% |
| ROCE: | 17.47% |
| EBITDA Margin: | 4.71% |
| PAT Margin: | 1.74% |
| Debt to equity ratio: | 1.32 |
| Earning Per Share (EPS): | ₹5.67 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW): | 7.54% |
| Net Asset Value (NAV): | ₹300.90 |
Promoters of Priority Jewels IPO
The promoters of Priority Jewels Limited include Mr. Shailesh Sangani, Mrs. Manisha Shailesh Sangani, Mr. Tushar Mehta, Mrs. Aditi Karan Motla, Mrs. Aashna Sangani Parikh, and Priority Retail Ventures Private Limited.
About Priority Jewels IPO
Incorporated in 2007, Priority Jewels Limited is one of India’s leading fine jewellery manufacturers, known for its elegant craftsmanship and precision designs. The company is involved in the entire jewellery-making process — from designing and manufacturing to selling a diverse range of lightweight, affordable, and diamond-studded gold and platinum jewellery.
Priority Jewels supplies its products directly to several well-known jewellers and retail chains across India, including CaratLane Trading, Kalyan Jewellers, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri (TBZ), and Senco Gold.
The company operates two state-of-the-art manufacturing units in Mumbai, covering areas of 19,008 sq. ft. and 6,821 sq. ft. These facilities are equipped with modern casting systems, CAD/CAM tools, and 3D printing technology, ensuring high-quality and precision production.
As of December 2024, Priority Jewels serves more than 200 customers across India, including 159 independent jewellers and 35 jewellery retail chains.
In the competitive Indian jewellery market, Khazanchi Jewellers, RBZ Jewellers, Ashapuri Gold Ornament, and Shringar House of Mangalsutra are considered its major competitors.
Company Address
Priority Jewels Limited
Plot No. 121, Street No.15/18
MIDC, Andheri (East), Mumbai
City, Mumbai 400 093,
Maharashtra, India
Phone: +91 22 6767 9898
Email: cs@priorityindia.com
Website: www.priorityjewels.in