IPO Listed — 04 Sep 2026
Listing Price: ₹230
Priority Jewels IPO GMP History | Listing Price ₹230 & Kostak Rate
Priority Jewels IPO has been listed on September 4, 2026 at a listing price of ₹230, against the issue price of ₹200 — a gain of ₹30 (+15%). The GMP peaked at ₹45 on 31 August 2026 and reached a low of ₹20 on 26 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Priority Jewels IPO raised ₹91.5 Cr. through its IPO at a price band of ₹190 to ₹200 per share, with a lot size of 75 shares. The IPO was open for subscription from 28 Aug 2026 to 01 Sep 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Sep 2026 | ₹ 28 | 14.00% | ₹ 0 | ₹ 0 | |
| 03 Sep 2026 | ₹ 28 | 14.00% | ₹ 0 | ₹ 0 | |
| 02 Sep 2026 | ₹ 30 | 15.00% | ₹ 0 | ₹ 0 | |
| 01 Sep 2026 | ₹ 31 | 15.50% | ₹ 0 | ₹ 0 | |
| 31 Aug 2026 | ₹ 45 | 22.50% | ₹ 0 | ₹ 0 | |
| 30 Aug 2026 | ₹ 45 | 22.50% | ₹ 0 | ₹ 0 | |
| 29 Aug 2026 | ₹ 45 | 22.50% | ₹ 0 | ₹ 0 | |
| 28 Aug 2026 | ₹ 45 | 22.50% | ₹ 0 | ₹ 0 | |
| 27 Aug 2026 | ₹ 37 | 18.50% | ₹ 0 | ₹ 0 | |
| 26 Aug 2026 | ₹ 20 | 10.00% | ₹ 0 | ₹ 0 | |
| 25 Aug 2026 | ₹ 30 | 15.00% | ₹ 0 | ₹ 0 | |
| 24 Aug 2026 | ₹ 28 | 14.00% | ₹ 0 | ₹ 0 |
Priority Jewels IPO Dates
| Event | Date |
|---|---|
| Open Date | 28 Aug, 2026 |
| Close Date | 01 Sep, 2026 |
| Allotment Date | 02 Sep, 2026 |
| Refund Date | 03 Sep, 2026 |
| Credit to Demat | 03 Sep, 2026 |
| Listing Date | 04 Sep, 2026 |
Priority Jewels IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹200 |
| GMP-Based Estimate (Pre-Listing) | ₹228 (+14%) |
| Actual Listing Price | ₹230 (+15%) |
| Listing Gain / Loss | +₹30 per share |
| Listing Date | 04 Sep, 2026 |
Is Priority Jewels IPO GMP Reliable?
Grey market premium for Priority Jewels IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Priority Jewels IPO full review for a fundamentals-based assessment before making any grey market trades.
Priority Jewels IPO IPO Kostak Rate Explained
The Kostak rate for Priority Jewels IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Priority Jewels IPO
The company does not sell to the public directly. It supplies to independent jewellers and to jewellery chains in India and abroad. Its customers include CaratLane Trading, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri and Senco Gold.
As on 30 June 2026 it had served more than 200 customers, made up of 125 independent jewellers and 53 jewellery chains. It sells across 21 states and 3 union territories in India and exports to 13 countries including the United States, the UAE, Hong Kong and Norway. It runs two jewellery manufacturing units in Mumbai spread over 19,008.79 square feet.
Strengths & Risks
Strengths
- ✓ Profit has grown strongly for three years, from Rs 7.15 crore in FY2024 to Rs 10.51 crore in FY2025 and Rs 17.65 crore in FY2026.
- ✓ Sales have grown steadily, from Rs 410.61 crore in FY2024 to Rs 435.87 crore in FY2025 and Rs 539.03 crore in FY2026, a rise of 24% in the last year.
- ✓ EBITDA improved from Rs 19.35 crore in FY2024 to Rs 24.28 crore in FY2025 and Rs 33.62 crore in FY2026.
- ✓ The issue is priced moderately on earnings. At the upper band of Rs 200 the P/E is about 13.9 times on an EPS of Rs 14.39, and RoCE was 25.36%.
- ✓ The whole issue is fresh capital with no offer for sale, so the full amount comes to the company. Rs 75 crore of it repays borrowings.
- ✓ Borrowing was already cut sharply during FY2026, from Rs 145.85 crore to Rs 102.59 crore.
- ✓ The customer list has well known names including CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds and Senco Gold.
- ✓ The customer base is spread out, with over 200 customers made up of 125 independent jewellers and 53 chains, so it does not depend on one or two buyers.
- ✓ It sells across 21 states and 3 union territories and exports to 13 countries, so demand is not tied to one market.
Risks
- ⚠ The profit margin is thin at 3.27%. In diamond jewellery most of the sale value is the gold and the stones, so a small cost change moves profit sharply.
- ⚠ Return on net worth is only 12.73%, which is modest and much lower than the RoCE of 25.36%.
- ⚠ Debt remains sizeable. Borrowing was Rs 110.49 crore as on 30 June 2026, and it had gone up again from Rs 102.59 crore at the end of March 2026.
- ⚠ The latest column in the offer document is only a three month period ending 30 June 2026, so it cannot be compared with the full years before it.
- ⚠ Total assets went down from Rs 309.14 crore in FY2025 to Rs 291.95 crore in FY2026 even though sales grew.
- ⚠ The pre issue and post issue promoter holding is not stated in the available data, so the extent of promoter dilution is not clear.
- ⚠ Selling business to business means the large chains decide order volumes and payment terms, and losing even one big chain would be felt quickly.
- ⚠ Diamond jewellery is a discretionary purchase. Demand falls when incomes are under pressure, and export demand depends on the US market in particular.
- ⚠ Both manufacturing units are in Mumbai, so there is single city risk.
- ⚠ Rs 75 crore of the Rs 91.5 crore issue repays debt, so very little of the money adds new capacity.
Frequently Asked Questions about Priority Jewels IPO
What is the GMP of Priority Jewels IPO?
The current Grey Market Premium (GMP) of Priority Jewels IPO is ₹ 28.
What is the Kostak Price of Priority Jewels IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Priority Jewels IPO is currently not available.
What is the Subject to Sauda Price of Priority Jewels IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Priority Jewels IPO?
Priority Jewels IPO listed on September 4, 2026 at ₹230, against the issue price of ₹200 — a gain of +15%.
How did the GMP of Priority Jewels IPO trend before listing?
The GMP of Priority Jewels IPO was stable in its final days before listing. The GMP peaked at ₹45 on 31 August 2026. View the day-wise table above for the complete GMP history.
Explore Priority Jewels IPO Further
For a complete picture before making your investment decision, explore these resources:
