Priority Jewels IPO
Priority Jewels IPO is a mainboard IPO raising ₹92 Cr at ₹190 – ₹200 a share. It listed on 4 Sept 2026 at ₹230, +15.0% against its issue price of ₹200, and trades at ₹227 today (+13.5% since issue). It was subscribed 100× in total.
100.5 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs200 + OFS by subtraction from exchange total Rs92 Cr. Checked: exchange issue size Rs92 Cr vs derived Rs92 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 42% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Khazanchi Jewellers Ltd | 22.24× | 27.98% | ₹36.1 |
| RBZ Jewellers Ltd. | 10.08× | 18.28% | ₹13.7 |
| Ashapuri Gold Ornament Ltd. | 7.02× | 11.13% | ₹0.56 |
| This issue | 14.3× | 12.73% | ₹14.03 |
derived: cut-off price Rs200 / stated EPS Rs14.03 (FY26 (year ended March 31, 2026) diluted EPS, restated consolidated). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.