Priority Jewels Limited IPO is fully book build issue and total IPO size is ₹null crores. The total offering consists of 5400000 shares.
The dates for the Priority Jewels Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Priority Jewels Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Priority Jewels Limited IPO has not been announced yet.
Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Priority Jewels Limited IPO are Mefcom Capital Markets Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | 5,400,000 Shares |
| Fresh Issue | 5,400,000 Shares |
| Issue Type | Fresh Issue |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Priority Jewels Limited Company
Priority Jewels Limited specializes in the design, manufacturing, and sale of lightweight, affordable diamond-studded gold and platinum jewellery. We cater to independent jewellers and jewellery chains in India and international markets, supplying leading retailers such as Carat Lane, Kalyan Jewellers, Reliance Retail, and others.
Our portfolio includes daily wear and occasion couture jewellery, crafted using contemporary designs and modern techniques, along with lab-grown diamond jewellery based on customer orders. We focus on lightweight designs to meet growing consumer demand for stylish and practical pieces.
Established in 2007, we have over 15 years of industry experience. Our promoters have extensive expertise in the gems and jewellery sector. As of December 31, 2024, we serve over 200 customers across 21 states and 3 union territories in India, with exports to 13 countries.
The Indian light-weighted jewellery market was valued at ₹2,426 billion in CY24 and is projected to reach ₹4,558 billion in CY29P registering a CAGR of 13.4% from CY24 to CY29P. Our profit after tax (PAT) grew from ₹53.72 million in Fiscal 2022 to ₹71.48 million in Fiscal 2024, achieving a CAGR of 15.35 %.
We operate two manufacturing facilities equipped with advanced technology, offering end-to-end solutions with a capacity of approximately 700 kgs per annum. Our in-house design team tracks market trends and creates customized products. We are committed to quality, with hallmarked gold jewellery and certified diamonds.
Priority Jewels Limited Financial Details
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 278.26 | 268.99 | 280.48 | 231.90 |
| Revenue | 295.57 | 410.61 | 471.42 | 403.57 |
| Profit After Tax | 8.15 | 7.15 | 4.50 | 5.37 |
| Net Worth | 102.56 | 94.78 | 99.84 | 95.41 |
| Reserves and Surplus | 99.41 | 91.63 | 95.69 | 91.26 |
| Total Borrowing | 127.54 | 124.96 | 182.03 | 201.30 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 5.67 | 7.54% | 300.90 | 1.32 | 7.35% | 17.47% |
Offer Objectives
The company is issuing up to 54,00,000 Equity Shares with a face value of ₹10 each for cash at a price of ₹[●] per Equity Share. The aggregate amount to be raised is up to ₹[●] million.
Objects of the Issue: The net proceeds will be used for:
- Repayment/pre-payment of certain borrowings.
- General corporate purposes.
Out of the Net Proceeds, up to ₹750.00 million (₹75.00 crore) is proposed to be utilized for repaying/prepaying borrowings. The amount utilized for general corporate purposes will not exceed 25% of the Gross Proceeds, in compliance with SEBI ICDR Regulations and will not be utilized for repayment of loans given by Promoters or Directors.
Schedule of Implementation: The Net Proceeds are proposed to be deployed towards the Objects in Financial Year 2026.
As of March 31, 2025, the company had total borrowings of ₹1,471.05 million (₹147.105 crore). Outstanding working capital borrowings include loans from Axis Bank, HDFC Bank, Yes Bank, and Central Bank of India. The selection of borrowings for repayment/prepayment will be based on commercial considerations, interest rates, conditions attached to the borrowings, and prepayment penalties.
The total expenses of the Issue are estimated to be approximately ₹[●] million.
Company Details
Address:
Plot No. 121, Street No.15/18 MIDC, Andheri (East), Mumbai City, Mumbai 400 093, Maharashtra, India
Phone: +91 22 6767 9898
Email: [email protected]
Website: http://www.priorityjewels.in
IPO Registrar Details
MUFG Intime India Private Limited
Phone: +91 81081 14949
Email: [email protected]
Website: http://in.mpms.mufg.com
Offer Prospectus & Documents
Lead Managers
- Mefcom Capital Markets Limited
