Priority Jewels Ltd launches an initial public offering with a price band of ₹190–₹200 per share. The three-day public issue is scheduled to open on 28 August and close on 1 September, following anchor investor bidding on 27 August, according to company announcements.
The IPO consists of a fresh issue of up to 45.75 lakh equity shares. At the lower end of the price band, it would raise about ₹86.93 crore, while at the upper end it would raise about ₹91.50 crore. Reported use of proceeds includes repayment of debt and general corporate purposes. The company says the post-issue implied market capitalisation is estimated at around ₹360 crore at the upper price band.
Sources also report the offer allocation among qualified institutional buyers, non-institutional investors and retail investors, along with the proposed listing timeline on BSE and NSE. No outlet describes a change in the price band or schedule; they focus mainly on the same dates, pricing range, and issue size.
