Priority Jewels Ltd, a trending chain of jewelry retail outlets in South India, is considering its **₹200 Cr fresh issue IPO** expected in early Q3 2025. Here’s a comprehensive guide tailored for ipogyan.in readers.
📌 IPO Highlights
- Estimated Price Band: ₹180–₹200 per share
- IPO Type: Fresh issue (no OFS)
- IPO Size: Around ₹200 Cr
- IPO Period: Expected early Q3 2025 (TBC by SEBI)
- Promoter Holding: Likely to dilute ~15–20%, retain control post-IPO
🏢 About Priority Jewels
Established in 2015 and headquartered in Bengaluru, Priority Jewels operates over 60 stores across Karnataka, Kerala, and Tamil Nadu. They specialize in gold, diamond, platinum jewelry, with in-house design and customization capability .
📈 Financial Snapshot
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
|---|---|---|
| FY 2023‑24 | ₹520 | ₹28 |
| 9M FY 2024‑25 | ₹480 | ₹25 |
FY24 revenue ₹520 Cr with ₹28 Cr profit. 9M FY25 performance is stable with strong retail demand .
🛍️ Subscriber Interest
- Pre-IPO investor meetings suggest strong interest from retail and HNI segments
🎯 IPO Objectives
- Expand retail presence in South India
- Set up new manufacturing facility
- General corporate purposes (including working capital)
🔍 How to Check Allotment Status
- Visit registrar (Bigshare) or BSE / NSE IPO portal.
- Select “Priority Jewels IPO”.
- Enter PAN, application number, or Demat ID.
- Submit to view allotment status.
📲 How to Apply via Zerodha (Kite)
- Login → Console → IPO section
- Select the IPO once live
- Enter UPI ID, lot size (~75 shares), bid at upper band ₹200
- Submit and approve UPI mandate
📱 Apply via Paytm Money, Groww, Upstox, Angel One & Others
Follow the usual process: login → IPO section → select Priority Jewels → enter lot size & bid price → submit & approve UPI.
⭐ Tips to Boost Allotment Chances
- Bid at upper band (₹200)
- Apply for minimum lot (~75 shares)
- Use multiple demat accounts if eligible
- Approve UPI block early
- Apply early in subscription period
📚 Related IPO Posts
Disclaimer: This article is for informational purposes only. Investing in IPOs involves risk; consult a financial advisor before investing.
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