Priority Jewels IPO Day 3 Final Subscription Status: 100.12x Subscribed; GMP at ₹45
Priority Jewels IPO Day 3 final subscription status closed at 100.12 times overall on 1 September 2026, based on verified post-close consolidated data. Non-Institutional Investors (NIIs) led the final book at 166.43 times, followed by retail investors at 106.13 times and Qualified Institutional Buyers (QIBs) at 39.87 times. The Grey Market Premium (GMP) was about ₹45, implying an indicative price of ₹245. The ₹91.50 crore issue is now closed.
| Metric | Final update |
| Bidding day | Day 3, final |
| Data status | Final post-close data on 1 September 2026 |
| Overall subscription | 100.12x |
| QIB subscription | 39.87x |
| NII subscription | 166.43x |
| Retail subscription | 106.13x |
| Employee/shareholder category | Not separately reported |
| Current GMP | ₹45 |
| GMP percentage | 22.5% |
| Indicative price | ₹245 |
| Closing date | 1 September 2026 |
Priority Jewels IPO Day 3 Final Subscription Status
The Priority Jewels IPO Day 3 final subscription figures show demand across all three major investor categories, with NIIs recording the highest multiple.
| Investor category | Final subscription |
| Qualified Institutional Buyers (QIBs) | 39.87x |
| Non-Institutional Investors (NIIs) | 166.43x |
| Retail Individual Investors | 106.13x |
| Overall | 100.12x |
NII demand was the strongest at 166.43 times, while the retail portion crossed 100 times. QIB participation also increased substantially on the final day to 39.87 times.
This makes the closing book broader than the earlier bidding stages, although the highest subscription multiple remained concentrated in the NII category. Subscription multiples measure the quantity of shares bid for relative to shares reserved in each category. They do not represent the number of unique applicants, and category allocations should be considered when comparing the headline multiples.
Final Day-wise Subscription Trend
The Day 3 final subscription was substantially higher than both previous bidding-day closes.
| Bidding stage | Overall subscription | Leading category |
| Day 1 close | 1.93x | Retail, 3.07x |
| Day 2 close | 29.06x | NII, 42.34x |
| Day 3 Final | 100.12x | NII, 166.43x |
Priority Jewels IPO moved from 1.93 times on Day 1 to 29.06 times at the Day 2 close before ending with a Day 3 final subscription of 100.12 times.
The most notable change on the final day was the broad increase in bidding. NII demand rose from 42.34 times at the Day 2 close to 166.43 times finally, while retail subscription increased from 39.02 times to 106.13 times. QIB demand, which stood at 1.68 times at the Day 2 close, climbed to 39.87 times in the final book.
Priority Jewels IPO GMP Today and Estimated Listing Price
Priority Jewels IPO GMP was around ₹45 on 1 September 2026, unchanged from the previous available ₹45 reading.
At the upper price band of ₹200:
Indicative price = ₹200 + ₹45 = ₹245
GMP percentage = ₹45 ÷ ₹200 × 100 = 22.5%
| GMP metric | Value |
| Current GMP | ₹45 |
| Previous available GMP | ₹45 |
| Direction | Unchanged |
| GMP percentage | 22.5% |
| Indicative price | ₹245 |
The Grey Market Premium is an unofficial, unregulated indicator and is not published by the Securities and Exchange Board of India (SEBI), National Stock Exchange of India (NSE), or BSE Limited (BSE). It can change before listing. The ₹245 figure is therefore only indicative and does not guarantee the actual listing price or a 22.5% return.
What Stands Out in Today’s Bidding
Two signals are particularly notable in today’s bidding.
Jump in institutional participation: QIB subscription rose sharply on the closing day, taking the final figure to 39.87 times. Along with NII and retail demand above 100 times, this makes the final bidding book considerably broader than it was after Day 2.
The divergence between subscription and GMP: The Day 3 final subscription increased from 29.06 times after Day 2 to 100.12 times, while GMP remained near ₹45. This is not necessarily contradictory because official subscription demand and unofficial grey-market pricing measure different things.
Neither a high subscription multiple nor positive GMP establishes fair valuation, business quality, or future returns.
IPO Details Retail Investors Need
| IPO detail | Information |
| Price band | ₹190 to ₹200 per share |
| Lot size | 75 shares |
| Minimum retail investment | ₹15,000 |
| Issue size | Up to ₹91.50 crore |
| Fresh issue | Up to ₹91.50 crore |
| Offer for Sale (OFS) | Nil |
| Issue type | Book-built mainboard IPO |
| Closing date | 1 September 2026 |
| Expected listing date | 4 September 2026 |
| Exchanges | NSE and BSE |
At the upper price band of ₹200, one retail lot of 75 shares required a minimum application amount of ₹15,000.
Brief Company and Financial Context
Priority Jewels designs, manufactures, and sells lightweight diamond-studded gold and platinum jewellery, mainly to independent jewellers and organised jewellery chains. Its revenue from operations increased from ₹435.50 crore in FY2025 to ₹537.07 crore in FY2026, while profit after tax rose from ₹10.51 crore to ₹18.01 crore.
The IPO is entirely a fresh issue, with ₹75 crore earmarked for repayment or prepayment of certain working-capital borrowings and the balance for general corporate purposes. Material considerations include working-capital intensity, customer concentration, and fluctuations in gold, diamond, and other raw-material costs.
What Happens Next
With the Day 3 final subscription process complete, the basis of allotment is expected on 2 September 2026. Shares are tentatively scheduled to be credited to successful applicants’ demat accounts before the proposed 4 September 2026 listing on NSE and BSE. These dates remain subject to the final issue schedule.
Frequently Asked Questions (FAQs)
Q: What is the Priority Jewels IPO Day 3 final subscription?
A: Priority Jewels IPO Day 3 final subscription closed at 100.12 times overall on 1 September 2026. NIIs led at 166.43 times, retail investors subscribed 106.13 times, and QIBs subscribed 39.87 times.
Q: Which category led the Priority Jewels IPO final subscription?
A: Non-Institutional Investors led the final book at 166.43 times. Retail investors followed at 106.13 times, while the QIB portion closed at 39.87 times.
Q: What is the Priority Jewels IPO GMP today?
A: Priority Jewels IPO GMP was around ₹45 on 1 September 2026. Against the ₹200 upper price band, this represents an unofficial premium of about 22.5%.
Q: What listing price does the current Priority Jewels IPO GMP indicate?
A: Adding the ₹45 GMP to the ₹200 upper price band gives an indicative price of ₹245 per share. GMP is unofficial and can change, so this calculation does not guarantee the actual listing price.
Q: Does the 100.12x Priority Jewels IPO subscription guarantee a premium listing?
A: No. High subscription shows strong bidding relative to shares available, while GMP reflects unofficial grey-market activity. Neither guarantees a premium listing, fair valuation, or future returns.
Disclaimer
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