Summary:
Priority Jewels IPO was subscribed 5.31x on Day 2, led by NII demand at 7.59x and retail subscription at 7.09x. QIB participation remained below full subscription at 0.47x, leaving institutional bidding as the key factor to watch on the final day. The ₹91.50 crore IPO closes on September 1, with allotment expected on September 2 and listing on September 4.
Priority Jewels, the Mumbai-based diamond-studded gold and platinum jewellery manufacturer, continued to see strong demand on Day 2 of its ₹91.50 crore mainboard IPO, with overall subscription climbing to 5.31 times as of the update on August 31, 2026.
IPO Details
| Detail | Information |
| Issue Size | ₹91.50 crore (entirely fresh issue, 45.75 lakh shares) |
| Price Band | ₹190–₹200 per share |
| Lot Size | 75 shares |
| Minimum Investment (Retail) | ₹15,000 |
| Face Value | ₹10 per share |
| IPO Open Date | August 28, 2026 |
| IPO Close Date | September 1, 2026 |
| Registrar | MUFG Intime India Pvt Ltd |
| Book-Running Lead Manager | Mefcom Capital Markets Ltd |
Category-wise Breakdown on Day 2
| Category | Shares Offered/Reserved | Shares Bid For | Subscription (x) |
| Qualified Institutional Buyers (QIBs) | 9,15,000 | 4,29,075 | 0.47 |
| Non Institutional Investors | 6,86,250 | 52,11,450 | 7.59 |
| — NII (bids above ₹10 lakh) | 4,57,500 | 29,22,075 | 6.39 |
| — NII (bids ₹2–10 lakh) | 2,28,750 | 22,89,375 | 10.01 |
| Retail Individual Investors (RIIs) | 16,01,250 | 1,13,59,575 | 7.09 |
| Total | 32,02,500 | 1,70,00,100 | 5.31 |
Data as of 31-Aug-2026, 10:30 AM IST, sourced from NSE Bid Details (nseindia.com).
Priority Jewels IPO - Day 2 Subscription Status
As of the update on August 31, 2026, the issue received bids for 1,70,00,100 shares against 32,02,500 shares on offer, taking overall subscription to 5.31 times. Non-Institutional Investors led the demand at 7.59 times, followed closely by Retail Individual Investors at 7.09 times, while Qualified Institutional Buyers remained below full subscription at 0.47 times.
What Day 2 Numbers Indicate
Subscription climbing from 1.93 times on Day 1 to 5.31 times by Day 2 shows sustained, strong demand from both retail and NII investors through the bidding window. Within the NII category, the ₹2–10 lakh bracket (10.01x) outpaced the above-₹10-lakh bracket (6.39x), suggesting smaller HNIs remain the more aggressive bidders at this stage. With QIB bidding still below the 1x mark, institutional demand — which typically surges only in the final session of mainboard issues — will be the key factor determining the overall subscription level by close on September 1.
Priority Jewels IPO - Timetable
| Event | Date |
| Anchor Bid Date | August 27, 2026 |
| IPO Open Date | August 28, 2026 |
| IPO Close Date | September 1, 2026 |
| Allotment Finalisation | September 2, 2026 |
| Demat Credit | September 3, 2026 |
| Listing Date | September 4, 2026 |
| Listing Exchanges | BSE, NSE |
Should You Apply for Priority Jewels IPO?
Incorporated in 2007 and headquartered in Mumbai, Priority Jewels designs, manufactures, and sells lightweight diamond-studded gold and platinum fine jewellery, with a product range spanning rings, earrings, pendants, neckware, bracelets, and occasion couture jewellery for daily wear. Revenue from operations grew 24% year-on-year to ₹538.95 crore in FY26, with profit after tax rising 68% to ₹17.65 crore over the same period.
Investors considering the issue should weigh the company's strong revenue and sharp profit growth against sector-specific risks such as gold and diamond price volatility, intense competition in the branded and unbranded jewellery space, and the fact that a significant portion of proceeds is earmarked for working-capital debt repayment rather than growth capital. As with any IPO, the decision should be based on individual risk appetite, investment horizon, and a review of the RHP rather than subscription numbers alone.
How to Apply for Priority Jewels IPO
Investors can apply for the Priority Jewels IPO through ASBA via their bank's net banking portal, via UPI-based ASBA through their stock broker's trading app, or offline by submitting a physical ASBA form through their broker. The minimum lot size is 75 shares, requiring a minimum investment of ₹15,000 at the upper price band.
How to Check Priority Jewels IPO Subscription Status
How to check Priority Jewels IPO Subscription Status on NSE website
- Visit the NSE IPO issue information page (nseindia.com).
- Search for "Priority Jewels" or enter the symbol PRIORITY.
- Select "NSE Bid Details" or "Consolidated Bid Details" from the dropdown to view category-wise subscription data.
- The page refreshes periodically to show live bidding figures during market hours.
How to check Priority Jewels IPO Subscription Status on BSE website
- Visit the BSE IPO page (bseindia.com).
- Navigate to the "Active IPO" or "IPO Bidding" section.
- Select "Priority Jewels Limited" from the list of active issues.
- View category-wise and overall subscription figures, updated through the bidding window.
How to check Priority Jewels IPO Subscription Status on Ventura?
Ventura clients can track real-time subscription status for the Priority Jewels IPO directly within the IPO section of the Ventura app or web platform, alongside category-wise bid data and allotment updates — without needing to switch between exchange websites.
IPO Subscription History
Previous Day Subscription
The issue opened with strong retail-led demand on Day 1, closing at 1.93 times overall subscription, with Retail Individual Investors at 3.07 times and Non-Institutional Investors at 1.24 times, while QIB demand stayed muted at 0.44 times.
Conclusion
Priority Jewels' IPO continues to build strong momentum heading into its final day, with overall subscription reaching 5.31 times on the back of sustained retail and NII interest. With bidding closing on September 1, institutional demand will be the key factor to watch, as QIB bidding typically sees a sharp final-day surge in mainboard issues.
