Mumbai-based Priority Jewels has filed its DRHP for an IPO, aiming to raise funds via a fresh issue of 54 lakh shares.
Founded in 2007, Priority Jewels designs and manufactures light-weight, affordable, diamond-studded jewellery in gold and platinum.
The company plans to use ₹75 crore from the issue to pay off debt and cover general corporate needs.
It sells both in India and abroad, and supplies to some of the biggest names in the biz—CaratLane, Kalyan Jewellers, Reliance Retail, TBZ, and Senco Gold.
By the numbers:
- 200+ customers across 21 states
- Presence in 13 export markets including the US, UAE, Norway
- PAT grew from ₹5.37 crore (FY22) to ₹7.15 crore (FY24)
Zoom out: jewellery IPOs have been relatively rare in recent years, but growing consumer demand, especially for affordable, lightweight designs, is drawing fresh investor interest.
