Priority Jewels Raises ₹15.67 Crore in Pre-IPO Placement Ahead of Public Listing

Mumbai-based fine jewellery manufacturer Priority Jewels Ltd. has completed its pre-IPO placement, raising approximately ₹15.67 crore ahead of its proposed public issue.

In consultation with its book running lead managers, the company carried out a private placement of 8,25,000 equity shares at ₹190 per share, which included a premium of ₹180 per share.

Mefcom Capital Markets will act as the book-running lead manager for the proposed issue. The company plans to list its equity shares on both the BSE and the NSE.

Participation from Institutional and Strategic Investors

The placement attracted participation from a diverse set of investors. Invictus Continuum Fund I was allotted 1,00,000 equity shares on February 14, 2026, at ₹190 per share, amounting to ₹1.9 crore.

Cheay Investments Private Limited and Plutus Equity Investment Services were each allotted 50,000 equity shares at the same price, translating to investments of ₹95 lakh each. The round also saw participation from Maple Leaf Trading and Services, along with 18 other investors.

Also Read: Carlsberg Eyes Up to $700 Million from India Unit Listing

About Priority Jewels

Priority Jewels designs, manufactures, and markets a wide range of lightweight, affordable, diamond-studded gold and platinum jewellery. Its portfolio includes everyday wear such as rings, earrings, pendants, neckwear, and bracelets, as well as occasion-focused couture jewellery crafted using contemporary designs and advanced manufacturing techniques.

The company supplies its products to prominent jewellery retailers including CaratLane Trading Private Limited, Kalyan Jewellers India Limited, Reliance Retail Limited, Malabar Gold and Diamonds FZCO, Tribhovandas Bhimji Zaveri Limited, and Senco Gold Limited. It also caters to independent jewellers across India and selects overseas markets.

According to a CARE report, the company’s combination of craftsmanship and innovation has helped it build long-standing relationships with major retail jewellery players, strengthening its position as a reliable supplier in the organised jewellery market.

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