Priority Jewels IPO Subscription Day 1: Issue Subscribed 1.93 Times

Mumbai, August 28: Priority Jewels IPO opened for subscription on Friday, August 28, 2026, giving investors their first chance to bid for shares of the jewellery company. The ₹91.50 crore issue is entirely a fresh issue of 45.75 lakh shares and will remain open for bidding until September 1.

The IPO got off to a strong start, with subscription data available as of 6:06 PM on August 28 showing the issue subscribed 1.93 times overall.

Retail investors were the most active participants on Day 1. Their reserved portion was subscribed 3.07 times, while the NII category reached 1.24 times. The QIB (Ex Anchor) portion was comparatively slower and stood at 0.44 times by the same update.

Priority Jewels has fixed the Priority Jewels IPO price band at ₹190 to ₹200 per share. The lot size is 75 shares, so a retail investor needs a minimum of ₹15,000 to apply at the upper end of the price band.

Priority Jewels IPO Subscription Details

The Priority Jewels IPO is a bookbuilding issue worth ₹91.50 crore. The company is raising the entire amount through a fresh issue of 45.75 lakh shares, with no offer-for-sale component.

The price band has been set at ₹190 to ₹200 per share. The IPO opened on August 28 and will close on September 1, 2026.

For retail investors, one lot contains 75 shares. At the upper price of ₹200 per share, one lot requires an investment of ₹15,000. Investors can apply for additional lots in multiples of 75 shares.

The issue has reserved up to 50% of the net offer for QIBs, 15% for NIIs and 35% for retail investors.

Priority Jewels is expected to list its shares on both the BSE and NSE on September 4, 2026.

Priority Jewels IPO Subscription Status

By 6:06 PM on August 28, the Priority Jewels IPO had received bids for 61,83,975 shares against 32,02,500 shares available for subscription. This took the overall subscription to 1.93 times.

Retail investors put in the strongest demand, with bids for 49,23,075 shares against 16,01,250 shares reserved for the category. The retail portion was therefore subscribed 3.07 times.

The NII category received bids for 8,53,875 shares against 6,86,250 shares on offer, taking its subscription to 1.24 times.

Within the NII segment, the portion for applications above ₹10 lakh was subscribed 1.05 times, while the portion for applications below ₹10 lakh saw stronger demand at 1.64 times.

The QIB (Ex Anchor) portion received bids for 4,07,025 shares against 9,15,000 shares offered, translating into a subscription of 0.44 times.

The IPO had received a total of 57,364 applications by the time of the Day 1 update.

Day-wise Subscription Details

The Priority Jewels IPO is open for subscription from August 28 to September 1. The Day 1 numbers show that retail investors are currently driving the issue, while institutional demand is still building.

The figures reflect the subscription position as of August 28. Since the IPO will remain open for the next two trading days, the category-wise numbers can move significantly before the final subscription figure is known.

Priority Jewels IPO Lot Size

Investors can apply for a minimum of 75 shares in the Priority Jewels IPO, with additional bids allowed in multiples of 75 shares.

At the upper price band of ₹200, the minimum retail application comes to ₹15,000.

Priority Jewels IPO Anchor Investors

Priority Jewels had already raised ₹27.45 crore from anchor investors ahead of the public issue.

The anchor bidding took place on August 27, 2026, with 13,72,500 shares allotted to anchor investors. The anchor portion was priced at ₹200 per share.

The lock-in period for 50% of the anchor shares ends on October 2, 2026, while the remaining shares are subject to the longer lock-in period ending December 1, 2026.

About Priority Jewels Ltd.

Priority Jewels Ltd. operates in the jewellery segment and is involved in designing, manufacturing and selling diamond-studded gold and platinum jewellery.

Its product range covers everyday jewellery as well as pieces for special occasions, including rings, earrings, pendants, necklaces and bracelets. The company supplies its products to independent jewellers and jewellery chains across India and international markets.

As of June 30, 2026, the company had more than 200 customers, including 125 independent jewellers and 53 jewellery chains. Its customer base includes names such as CaratLane Trading, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri and Senco Gold.

Priority Jewels also exports its products to 13 countries, including the United States, UAE, Hong Kong and Norway.

Priority Jewels IPO Key Dates

The Priority Jewels IPO opened for subscription on August 28 and will close on September 1, 2026. The basis of allotment is expected to be finalised on September 2.

Refunds and the credit of shares are scheduled for September 3, while the tentative listing date on the BSE and NSE is September 4, 2026.

Conclusion

Priority Jewels IPO has started on a positive note, with the issue already subscribed 1.93 times on Day 1. Retail investors are leading the response at 3.07 times, while the NII portion has also crossed the one-time mark at 1.24 times.

The QIB category, at 0.44 times, is yet to be fully subscribed. With the IPO staying open until September 1, there is still time for institutional participation and overall demand to pick up further.

For now, the opening-day numbers point to healthy investor interest, particularly from retail applicants. The final picture will become clearer once the IPO reaches its closing day.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=PRIORITY&series=EQ&type=Active