Priority Jewels
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Subscription
- Qualified institutionalQIB
- 39.87×
- Big non-institutionalbNII · above ₹10 lakh
- 152.22×
- Small non-institutionalsNII · ₹2–10 lakh
- 194.18×
- Retail individualRII · up to ₹2 lakh
- 103.44×
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 13 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 04 Sept 2026 | ₹28 | +14.00% | ₹1,600 | ₹228 | ₹2,100 |
| 03 Sept 2026 | ₹28 | +14.00% | ₹1,600 | ₹228 | ₹2,100 |
| 02 Sept 2026 | ₹30 | +15.00% | ₹1,700 | ₹230 | ₹2,250 |
| 01 Sept 2026 | ₹31 | +15.50% | ₹1,800 | ₹231 | ₹2,325 |
| 31 Aug 2026 | ₹45 | +22.50% | ₹2,600 | ₹245 | ₹3,375 |
| 30 Aug 2026 | ₹45 | +22.50% | ₹2,600 | ₹245 | ₹3,375 |
| 29 Aug 2026 | ₹45 | +22.50% | ₹2,600 | ₹245 | ₹3,375 |
| 28 Aug 2026 | ₹45 | +22.50% | ₹2,600 | ₹245 | ₹3,375 |
| 27 Aug 2026 | ₹37 | +18.50% | ₹2,100 | ₹237 | ₹2,775 |
| 26 Aug 2026 | ₹20 | +10.00% | ₹1,100 | ₹220 | ₹1,500 |
| 25 Aug 2026 | ₹30 | +15.00% | ₹1,700 | ₹230 | ₹2,250 |
| 24 Aug 2026 | ₹28 | +14.00% | ₹1,600 | ₹228 | ₹2,100 |
| 23 Aug 2026 | ₹0 | — | — | — | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Bids received
The demand behind each multiple — what was offered, what was bid for, and what those bids are worth
| Category | Shares offered | Shares bid for | Bids (₹ Cr) | Times |
|---|---|---|---|---|
| Qualified institutional | 9,15,000 | 3,64,80,225 | ₹730 Cr | 39.87× |
| Non-institutional | 6,86,250 | 11,42,54,250 | ₹2,285 Cr | 166.49× |
| Big non-institutionalwithin NII | 4,57,500 | 6,96,40,125 | ₹1,393 Cr | 152.22× |
| Small non-institutionalwithin NII | 2,28,750 | 4,46,16,225 | ₹892 Cr | 195.04× |
| Retail individual | 16,01,250 | 17,09,54,700 | ₹3,419 Cr | 106.76× |
| Total | 32,02,500 | 32,16,91,275 | ₹6,434 Cr | 100.45× |
Times subscribed is the figure published for each category, not shares bid for divided by shares offered — a category's multiple is struck against its own allottable base, which is not always the offered count shown beside it. Observed 01 Sept, 06:11 pm IST; the registrar publishes the final basis of allotment.
Issue details
- IPO date
- 28 Aug 2026 – 01 Sept 2026
- Listing date
- 04 Sept 2026
- Face value
- ₹10 per share
- Price band
- ₹190 – ₹200
- Issue price
- ₹200 per share
- Lot size
- 75 shares
- Sale type
- Fresh capital
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹91.5 Cr
- Fresh issue
- ₹91.5 Cr 45,75,000 shares
- Offer for sale
- ₹0 Cr 0 shares
- Market cap at offer price
- ₹360 Cr
- Promoter holding
- 93.85% → 70.00% pre-issue → post-issue
- ISIN
- INE15EH01014
- CIN
- U52393MH2007PLC174977
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Mefcom Capital Markets Ltd.
- Registered office
- Plot No. 121, Street No.15/18 MIDC, Andheri (East), Mumbai City, Mumbai 400 093, Maharashtra, India
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 9,15,000 | 28.57% | 28.57% |
| Anchor investor · within QIB | 13,72,500 | — | 42.86% |
| NII (HNI) | 6,86,250 | 21.43% | 21.43% |
| bNII > ₹10L · within NII | 4,57,500 | — | 14.29% |
| sNII < ₹10L · within NII | 2,28,750 | — | 7.14% |
| Retail (RII) | 16,01,250 | 50.00% | 50.00% |
| Employee | 0 | — | 0.00% |
| Market maker | 0 | — | 0.00% |
| Total issue | 32,02,500 | — | 100.00% |
Net offer to the public of 32,02,500 shares, out of a total issue of 32,02,500. Indented rows sit inside the category above them and are not added to it.
Application size
Minimum 75 shares per lot, in multiples, at ₹200
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 75 | ₹15,000 |
| Retail (max) | 13 | 975 | ₹1,95,000 |
| S-HNI (min) | 14 | 1,050 | ₹2,10,000 |
| S-HNI (max) | 66 | 4,950 | ₹9,90,000 |
| B-HNI (min) | 67 | 5,025 | ₹10,05,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹200 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 13.15 | 14.39 |
| P/E (×) | 15.21 | 13.90 |
| Price to book (×) | 1.94 | — |
| Market cap | — | ₹360 Cr |
Key performance indicators
Latest reported period, standalone
- Return on net worth
- 12.73%
- ROCE
- 13.00%
- Debt / equity
- 0.74
- PAT margin
- 3.27%
- EBITDA margin
- 6.24%
- NAV per share
- ₹103.3
- Price to book
- 1.94
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
Standalone ·₹ crore unless a row shows % or ×, as reported in the offer document
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 539.03 | 435.87 | 410.61 |
| Revenue from operations | 538.95 | 435.5 | 410.51 |
| Other income | 0.08 | 0.37 | 0.11 |
| Total expenses | 515.55 | 420.88 | 400.97 |
| Operating profit | 23.48 | 14.99 | 9.64 |
| Operating margin | 4.36% | 3.44% | 2.35% |
| Profit before tax | 23.47 | 14.99 | 9.65 |
| Profit after tax | 17.65 | 10.51 | 7.15 |
| PAT margin | 3.27% | 2.41% | 1.74% |
| Balance sheet | |||
| Total assets | 291.95 | 309.14 | 268.99 |
| Current assets | 272.06 | 288.53 | 250.24 |
| Current liabilities | 138.69 | 201.28 | 169.02 |
| Total liabilities | 153.35 | 204.25 | 174.21 |
| Net worth | 138.61 | 104.89 | 94.78 |
| Current ratio | 1.96× | 1.43× | 1.48× |
| Return on equity | 12.73% | 10.02% | 7.54% |
| Cash flow | |||
| Operating cash flow | 17.69 | 2.51 | -1.82 |
| Investing cash flow | 17.59 | -18.72 | 4.6 |
| Financing cash flow | -34.93 | 13.3 | -12.37 |
| Net cash flow | 0.35 | -2.91 | -9.59 |
Objects of the issue
Stated use of the net proceeds— open a row for the issuer's full explanation
1 Repayment/pre-payment of certain working capital borrowings ₹75 Cr
The company proposes to utilize the Net Proceeds for repayment or prepayment, in full or in part, of certain working capital borrowings availed by the company. This will help reduce outstanding indebtedness and debt servicing costs, enabling utilization of internal accruals for further business growth and expansion.
2 General corporate purposes —
The company proposes to deploy the balance Net Proceeds towards general corporate purposes including brand building and marketing efforts, funding growth opportunities, meeting expenses for strategic initiatives, partnerships, tie-ups or acquisitions, and meeting exigencies in ordinary course of business.
1 of 2 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.
About Priority Jewels
Priority Jewels Limited is a jewellery manufacturing company incorporated in 2007 and converted to a public limited company in February 2025. The company specializes in designing and manufacturing affordable diamond-studded gold and platinum fine jewellery through vertically integrated operations. It serves customers primarily in India and export markets including UAE, Belgium, Hong Kong, Australia, and USA. The company generates revenue from the sale of manufactured jewellery products to retailers and distributors in the gems and jewellery industry. As of June 30, 2026, it operated two manufacturing facilities in Maharashtra with approximately 456 employees (211 permanent and 245 contractual). The company manufactures jewellery using in-house and freelance designers, with production processes involving CAD/CAM technology and 3D printing capabilities.
Management
Shailesh Sangani
MD
Tushar Mehta
CFO
Strengths
As stated in the offer document
Diversified product portfolio supported by design capabilities and customer-centric approach
The company offers a broad range of jewellery products within the aspirational yet affordable segment, with an in-house design team that developed 4,168, 8,356, 6,401, and 5,231 jewellery designs for the three months ended June 30, 2026 and Fiscals 2026, 2025, and 2024, respectively.
Integrated manufacturing facilities and established operational systems
The company operates integrated manufacturing facilities spanning 19,008.79 square feet in MIDC and 6,821.84 square feet in SEEPZ, Mumbai, with manufacturing capacity of approximately 700 kgs per annum and around 58% utilization across the last three Fiscals.
Experienced Promoters and leadership team
The company's Promoters, Shailesh Sangani and Tushar Mehta, bring over three decades of experience in the gems and jewellery industry, with Shailesh Sangani receiving the Hall of Fame Award from GJEPC in 2024.
Longstanding relationships with customers
The company has established relationships with diverse customers who have repeatedly chosen their products, with some relationships extending to around 8-16 years, providing stable recurring revenue streams and high customer retention.
Strong presence across domestic and international markets
The company's geographical customer distribution spans 18 states and 3 union territories in India and 8 countries outside India, with revenue from overseas markets constituting 49.56% for the three months ended June 30, 2026.
Risk factors
As stated in the offer document
Customer Concentration Risk
The company derived 53.19% of revenue from its top ten customers for the period ended June 30, 2026, with 33.36% from top five customers. Loss of such customers or reduction in business from them could have a significant adverse impact on business and results of operations.
Raw Material Cost and Availability Risk
The cost of raw materials consumed as a percentage of total expenses was 108.13% for three months ended June 30, 2026. The company does not have long-term agreements for supply of raw materials, and any disruption in procurement could adversely impact production schedules and costs.
Supplier Concentration Risk
The company purchased 59.40% of total raw materials from top 10 suppliers for three months ended June 30, 2026, with top 3 suppliers contributing 34.85%. Continued dependence on concentrated supplier base may adversely affect supply chain efficiency and business operations.
Export Market Concentration Risk
Export sales accounted for 49.56% of revenues for three months ended June 30, 2026, with 40.65% of total export revenues from the largest jurisdiction. The company is exposed to international market risks including currency fluctuations, geopolitical instability, and trade policy changes.
Geographic Revenue Concentration Risk
The company derived 58.19% of total domestic revenue from Maharashtra for three months ended June 30, 2026. Loss of customers and revenue in Maharashtra could materially affect business operations and financial condition.
Single Business Segment Risk
The company operates in a single business segment of designing, manufacturing, and selling jewellery. Any adverse developments in the jewellery industry could have a material adverse effect on business and financial condition without diversification to mitigate risks.
Company Analysis
from RHPPriority Jewels Limited designs, manufactures, and sells diamond-studded gold and platinum fine jewellery, operating as a vertically integrated jewellery manufacturer serving domestic and export markets.
Priority Jewels Limited is a jewellery manufacturing company incorporated in 2007 and converted to a public limited company in February 2025. The company specializes in designing and manufacturing affordable diamond-studded gold and platinum fine jewellery through vertically integrated operations. It serves customers primarily in India and export markets including UAE, Belgium, Hong Kong, Australia, and USA. The company generates revenue from the sale of manufactured jewellery products to retailers and distributors in the gems and jewellery industry. As of June 30, 2026, it operated two manufacturing facilities in Maharashtra with approximately 456 employees (211 permanent and 245 contractual). The company manufactures jewellery using in-house and freelance designers, with production processes involving CAD/CAM technology and 3D printing capabilities.
Objects of the Issue
- Repayment of borrowings 75% of Net Proceeds p.38
- Repayment of debt and general corporate purposes p.46
- Repayment/pre-payment, in full or in part, of certain working capital borrowings availed by our Company ₹750.00 million p.96
- General corporate purposes p.96
Issue Structure
- Total Issue
- Up to 45,75,000 Equity Shares of face value of ₹10 each aggregating up to ₹[●] million
- Fresh Issue
- Up to 45,75,000 Equity Shares of face value of ₹10 each aggregating up to ₹[●] million
- Offer for Sale
- Nil
- Price Band
- ₹[●] per Equity Share (Floor Price) to ₹[●] per Equity Share (Cap Price)
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹10 per Equity Share
Business Model
The company manufactures and sells diamond-studded gold and platinum jewellery. Revenue is generated from sales to customers in the gems and jewellery industry on credit terms typically ranging from 30 to 120 days. The company purchases raw materials (gold, diamonds, platinum, and other precious metals) from suppliers, manufactures finished jewellery products at its facilities, and sells them to domestic and export customers. For the three months ended June 30, 2026, domestic sales accounted for 50.44% and export sales 49.56% of total revenue from operations of ₹1,467.26 million.
Business Segments
SWOT Analysis
- • Long-standing relationships with top 10 customers(p.24)
- • In-house manufacturing operations with two operational facilities in Maharashtra(p.27)
- • Improved financial performance with increasing EBITDA and PAT(p.29)
- • Reduced customer concentration risk over time(p.22)
- • Improved inventory management reducing holding days(p.29)
- • Lower growth rate compared to peers indicates potential operational challenges rather than strength(p.44)
- • Established design and manufacturing capabilities with promoter involvement(p.45)
- • Diversified workforce across multiple functional departments(p.45)
- • Established quality control and product certification processes(p.48)
- • Experienced leadership with deep industry expertise(p.150)
- • Integrated manufacturing with advanced technology capabilities(p.151)
- • Established relationships with major Indian retail jewellery chains(p.150)
- • Strong revenue growth trajectory(p.151)
- • Diversified geographic presence and customer base(p.151)
- • Strategic positioning in high-growth market segment(p.151)
- • Diversified product portfolio with in-house design capabilities(p.153)
- • Integrated manufacturing facilities with advanced technology reducing production timelines(p.153)
- • Experienced promoters with three decades of industry expertise(p.154)
- • Longstanding customer relationships built over 8-16 years(p.154)
- • Strong geographical presence spanning 18 states, 3 union territories in India and 8 countries internationally(p.154)
- • Significant international revenue contributing 49.13% of total revenue in Fiscal 2026(p.155)
- • Established manufacturing operations with significant asset base in jewelry production(p.222)
- • Diversified geographic revenue with strong export presence across Middle East and Western markets(p.222)
- • Improved profitability trajectory with growing net profit margins(p.280)
- • Strong return on equity demonstrating efficient capital utilization(p.280)
- • Consolidated balance sheet with improved working capital position(p.280)
- • Heavy dependence on concentrated customer base with top 5 customers representing 33.36% of revenue(p.21)
- • Concentrated supplier base with top 3 suppliers contributing 34.85% of raw materials(p.23)
- • Reliance on short-term contracts with limited renewal guarantees(p.24)
- • Significant concentration of domestic revenue in Maharashtra at 69.13% of total domestic sales(p.26)
- • Outstanding unsecured loans from Promoter repayable on demand totalling ₹130.78 million(p.41)
- • Trademark applications objected with pending registration outcome(p.31)
- • History of delays in remitting statutory dues including TDS, professional tax, and ESIC(p.34)
- • Negative cash flows from operating activities in certain periods(p.32)
- • Significantly slower revenue growth than industry peers(p.44)
- • Heavy reliance on promoters and promoter group for business operations and control(p.45)
- • Significant reliance on external financing for working capital and capital expenditures(p.44)
- • Rising employee costs as percentage of operations(p.45)
- • Lab-grown diamond jewellery segment contributes immaterial portion of revenues(p.44)
- • High exposure to interest rate risk from debt-funded operations(p.48)
- • Partial asset insurance coverage creates vulnerability(p.50)
- • Outstanding tax litigation and regulatory inquiries involving company and promoters(p.49)
- • Significant dependence on limited customer base for revenue(p.150)
- • Declining capacity utilization(p.151)
- • High working capital requirements and debt burden(p.97)
- • Substantial dependence on imported raw materials(p.148)
- • High customer concentration with top 10 customers representing 47.92% of revenue in Fiscal 2026(p.153)
- • Significant supplier concentration with top 3 suppliers representing 35.23% of raw material costs(p.165)
- • Raw material costs represent 92.53% of total expenses in Fiscal 2026(p.165)
- • Capacity utilization declined from 81% in Fiscal 2025 to 65% in Fiscal 2026(p.160)
- • High debt-to-equity leverage requiring significant interest obligations(p.252)
- • Substantial dependence on director loans creating refinancing risk(p.253)
- • Material tax disputes and contingent liabilities(p.260)
- • High inventory carrying levels creating working capital pressure(p.243)
- • Significant gold loan facility dependence creating commodity and interest rate exposure(p.253)
- • Expansion into new markets as domestic market concentration decreases(p.27)
- • Growth in export markets with improving tariff environment(p.26)
- • Increased market demand for diamond studded jewellery(p.39)
- • Opportunity to develop innovative and fashionable designs aligned with industry trends(p.36)
- • Capacity utilization improvements with existing manufacturing infrastructure(p.36)
- • Expansion of lab-grown diamond jewellery segment(p.44)
- • Geographic expansion within India(p.44)
- • Manufacturing capacity expansion(p.44)
- • Projected strong industry growth trajectory(p.53)
- • Collaboration and joint venture opportunities for business expansion(p.44)
- • Growing preference for branded and organized retail jewellery(p.53)
- • High growth in light-weight jewellery market segment(p.151)
- • Expanding diamond-studded gold wholesale market(p.141)
- • Growing organised retail segment gaining market share(p.143)
- • Rising consumer preference for branded and lightweight jewellery(p.151)
- • Robust expansion in online jewellery retail(p.133)
- • Growing middle class with increasing disposable income(p.137)
- • Large addressable market with daily-wear gems and jewellery segment projected to grow 14.62% CAGR from CY25 to CY30P(p.153)
- • Expansion of manufacturing capacity at MIDC facility with commencement certificate received(p.155)
- • Growing demand for lab-grown diamond jewellery as sustainable and affordable alternatives(p.155)
- • Rising disposable incomes in Tier II and Tier III cities providing expansion opportunities(p.156)
- • Strategic partnerships and joint ventures to access new markets and expand product segments(p.156)
- • Expansion of manufacturing and operational capacity through recent subsidiary creation(p.212)
- • Growth in domestic and international jewelry market through multi-branch network(p.222)
- • Leveraging pre-IPO placement capital for business expansion(p.246)
- • Increased export revenue potential with growing Middle East and Western market presence(p.270)
- • Market consolidation opportunity through strategic use of associate shareholding(p.212)
- • U.S. tariff hike of 50% impacting India's gems and jewellery exports (32% of total)(p.26)
- • Volatility in commodity prices for gold and diamonds affecting production costs(p.29)
- • Geopolitical tensions affecting primary export destinations UAE and USA(p.30)
- • Global economic slowdown impacting demand for diamonds and precious metals(p.37)
- • Supply chain disruptions and rough diamond price increases from Russia-Ukraine conflict(p.37)
- • Seasonal fluctuations in demand affecting quarterly financial performance(p.37)
- • Single business segment concentration with no diversification to mitigate risks(p.26)
- • Lease agreement for SEEPZ facility expires in July 2027 with renewal uncertainty(p.31)
- • High dependence on third-party logistics providers with associated operational risks(p.43)
- • Risk of design duplication without registered designs under Designs Act 2000(p.31)
- • Industry faces significant skilled labour shortage(p.53)
- • Volatility in raw material prices and supply chain disruptions(p.53)
- • Changing consumer preferences threaten traditional jewellery demand(p.53)
- • US tariffs significantly impact export earnings and competitiveness(p.53)
- • Geopolitical tensions and international conflicts disrupt trade and increase costs(p.52)
- • Macroeconomic volatility and inflation pressures in India(p.55)
- • Interest rate fluctuations increase borrowing costs(p.48)
- • Dependency on third-party certification for product credibility(p.48)
- • Regulatory changes and compliance requirements increasing operational burden(p.54)
- • Natural disasters and supply chain disruptions(p.55)
- • Cybersecurity vulnerabilities and IT system disruption risks(p.48)
- • Volatile gold prices impacting working capital and demand(p.148)
- • Rising US tariffs on gems and jewellery exports(p.123)
- • Competition from lab-grown diamonds and changing consumer preferences(p.140)
- • Industry-wide challenges from shortage of skilled labour(p.148)
- • Exposure to fashion and design trend volatility(p.148)
- • Global economic uncertainty and geopolitical tensions affecting demand(p.118)
- • Highly competitive market with numerous domestic and international players(p.172)
- • Business exposed to seasonal fluctuations with significant increases during Diwali and Akshay Tritiya(p.170)
- • Dependence on precious metals sourcing and vulnerability to gold price fluctuations(p.154)
- • Current insurance policies may not be adequate to cover all losses(p.171)
- • Exposure to precious metal price volatility, particularly gold and diamonds(p.257)
- • Foreign exchange fluctuation risk on significant export-oriented revenue(p.268)
- • Significant interest rate exposure on working capital borrowings and gold loans(p.253)
- • Regulatory and customs compliance risk in export operations(p.260)
- • Operational concentration risk with significant inventory holdings subject to market demand(p.228)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Shailesh Sangani | Individual Promoter | — | — |
| Manisha Shailesh Sangani | Individual Promoter | — | — |
| Tushar Mehta | Individual Promoter | — | — |
| Aditi Karan Motla | Individual Promoter | — | — |
| Aashna Sangani Parikh | Individual Promoter | — | — |
| Priority Retail Ventures Private Limited | Corporate Promoter | — | — |
| Shailesh Sangani | Promoter | 34.26% | — |
| Manisha Shailesh Sangani | Promoter | 14.90% | — |
| Aditi Karan Motla | Promoter | 14.90% | — |
| Aashna Sangani Parikh | Promoter | 14.90% | — |
| Tushar Mehta | Promoter | 0.47% | — |
| Priority Retail Ventures Private Limited (PRVPL) | Promoter Group | 14.43% | — |
| Shailesh Sangani | Promoter | — | — |
| Tushar Mehta | Promoter | — | — |
| Shailesh Sangani | Promoter | 34.26% | — |
| Manisha Shailesh Sangani | Promoter | — | — |
| Tushar Mehta | Promoter | 0.47% | — |
| Aditi Karan Motla | Promoter | 14.90% | — |
| Aashna Sangani Parikh | Promoter | — | — |
| Priority Retail Ventures Private Limited | Corporate Promoter | — | — |
| Shailesh Sangani | Promoter | 36.51% (as at 31 March 2025) | — |
| Manisha Shailesh Sangani | Promoter | 15.87% (as at 31 March 2025) | — |
| Shailesh Sangani | Promoter | — | — |
| Tushar Mehta | Promoter | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Peer comparison
The comparable listed companies named in the offer document, as on 31 Mar 2026
| Company | EPS | NAV | P/E | P/BV | RoNW |
|---|---|---|---|---|---|
| Priority Jewels THIS ISSUE | 14.03 | 103.30 | 13.90, computed at the offer price | 1.94, computed at the offer price | 12.73% |
| 36.10 | 129.13 | 22.24 | 6.22 | 27.98% | |
| 13.70 | 74.96 | 10.08 | 1.86 | 18.28% | |
| 0.56 | 5.00 | 7.02 | 0.60 | 11.13% |
Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.