Priority Jewels IPO Subscription Day 2: Issue Booked 29.06x

Mumbai, August 31: The Priority Jewels IPO continued to attract strong interest from investors on the second day of bidding. By the end of August 31, 2026, the ₹91.50 crore issue had been subscribed 29.06 times overall. 

The issue received bids for 9,30,62,100 shares against 32,02,500 shares available for public subscription. The NII category saw particularly strong demand and was subscribed 42.34 times, while the retail portion was subscribed 39.02 times. 

The QIB category, excluding anchor investors, also moved into the subscribed portion on Day 2 and stood at 1.68 times. The IPO had received 7,65,933 applications by the latest available update. 

The IPO will remain open for subscription until September 1, 2026. Priority Jewels is scheduled to list on BSE and NSE, with the tentative listing date fixed for September 4, 2026. 

Priority Jewels IPO Details 

The Priority Jewels IPO is a ₹91.50 crore bookbuilding issue consisting entirely of a fresh issue. A total of 45,75,000 new shares are being offered to investors. 

The price band has been set at ₹190 to ₹200 per share, while the lot size is 75 shares. At the upper end of the price band, a retail investor needs ₹15,000 to apply for one lot. 

The IPO opened on August 28, 2026, and will close on September 1, 2026. As per the tentative schedule, the allotment is expected on September 2, followed by refunds and share credit on September 3. 

Priority Jewels IPO Subscription Status 

Demand picked up sharply on the second day of bidding, with investors across the NII and retail categories placing substantial bids. 

The NII portion was subscribed 42.34 times, with bids for 2,90,53,050 shares against 6,86,250 shares available. Within this category, the bNII portion was subscribed 33.60 times, while the sNII portion saw even stronger demand at 59.80 times. 

Retail investors were also active on Day 2. The retail portion received bids for 6,24,74,700 shares against 16,01,250 shares on offer, taking the subscription to 39.02 times. 

The QIB portion, excluding anchor investors, received bids for 15,34,500 shares against 9,15,000 shares available. This took the QIB subscription to 1.68 times. 

Overall, the IPO received bids for 9,30,62,100 shares against 32,02,500 shares offered to the public, resulting in an overall subscription of 29.06 times. 

Shares offered and total amount are calculated based on the upper price of the issue price range. 

Note: Anchor investors are not included in the public subscription figures. 

Day-wise Subscription Details 

The Priority Jewels IPO started its bidding process on August 28, 2026. While the issue had a relatively modest start on Day 1, subscription activity picked up considerably on the second day. 

The overall subscription increased from 1.93 times on Day 1 to 29.06 times on Day 2. Retail subscription rose from 3.07 times to 39.02 times, while NII demand jumped from 1.24 times to 42.34 times. 

The QIB category also improved during the second session, moving from 0.44 times on Day 1 to 1.68 times by the end of Day 2. 

About Priority Jewels 

The provided IPO snapshot does not contain detailed information about Priority Jewels’ business operations, products or services. The available details identify the company as the issuer of the ₹91.50 crore IPO. 

Further information about the company is available in the Priority Jewels IPO RHP referred to in the provided details. 

Conclusion 

The Priority Jewels IPO has seen a sharp rise in investor participation on the second day of bidding. The issue was subscribed 29.06 times overall, with NII investors at 42.34 times and retail investors at 39.02 times. QIB subscription, excluding anchor investors, stood at 1.68 times. 

With the IPO set to close on September 1, 2026, investors have one more day to place their bids. The tentative allotment is scheduled for September 2, followed by refunds and share credit on September 3. The shares are expected to list on BSE and NSE on September 4, 2026.  

Source: 

• https://www.chittorgarh.com/ipo/priority-jewels-ipo/2435/