1/5/2025, 5:51:02 pm

Priority Jewels files preliminary IPO papers

Mumbai-based Priority Jewels has filed an IPO with Sebi to raise funds via a fresh issue of 54 lakh shares, aiming to reduce debt. The company plans to use Rs 75 crore for debt repayment and the remainder for corporate purposes. As of March 2025, it had total borrowings of Rs 147.1 crore. The jeweler supplies to over 200 customers, including major chains like CaratLane and Kalyan Jewellers.