Priority Jewels has set the price band for its initial public offering (IPO) at ₹190 to ₹200 per share, with a face value of ₹10. The book-built issue comprises a fresh issue of ₹91.50 crore, aggregating to 45,75,000 shares. The IPO will open for subscription on August 28 and close on September 1, according to livemint.com.
The company announced the price band details ahead of the subscription window. The fresh issue aims to raise ₹91.50 crore through the sale of new shares, which will be offered to investors during the five-day subscription period. The pricing and share count were disclosed on August 24, providing investors a clear indication of the valuation range for Priority Jewels.
This IPO comes at a time when the Indian IPO market has seen varied activity, with companies across sectors tapping public markets for capital. Priority Jewels’ fresh issue size and pricing are positioned to attract retail and institutional investors looking to invest in the gems and jewellery segment. The ₹190-₹200 price band places the company within a mid-range valuation bracket compared to recent IPOs in the consumer goods space.
Subscription for Priority Jewels’ IPO will begin on August 28 and close on September 1. Investors will be able to bid within the disclosed price band during this period, after which the company will finalize the allotment based on demand and regulatory approvals.