Priority Jewels IPO Fully Subscribed on Day 1
· Business · LiveMint, Business Standard
The ₹92 crore initial public offering of Priority Jewels Ltd was fully subscribed by 12:51 PM on its first day of bidding. The company has set a price band of ₹190 to ₹200 per share, with the issue remaining open until September 1, 2026. Grey market indicators currently suggest a listing premium of approximately 19%, with shares trading at a ₹37 premium. Analysts at Anand Rathi have assigned a 'Subscribe for Long Term' rating, citing potential growth from product diversification despite risks related to gold price volatility.
Why it matters
Retail and institutional investors are evaluating this entry into the jewellery manufacturing sector, which is currently showing strong initial demand.
Read the original report — LiveMint
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