Priority Jewels raises nearly ₹16 cr in pre-IPO placement; Invictus Continuum Fund among investors
Published on 23/02/2026 03:06 PM
Priority Jewels raises nearly ₹16 cr in pre-IPO placement; Invictus Continuum Fund among investorsInvictus Continuum Fund I was allotted 1 lakh equity shares at ₹190 per share, aggregating to ₹1.9 crore. Cheay Investments Private Limited and Plutus Equity Investment Services were each allotted 50,000 equity shares at ₹190 per share, amounting to ₹95 lakh each.By CNBCTV18.com February 23, 2026, 3:06:31 PM IST (Published)2 Min ReadMumbai-based diamond-studded gold and platinum fine jewellery maker Priority Jewels Ltd. has completed its pre-IPO placement of around ₹15.67 crore.
The company, in consultation with its book running lead managers, undertook a private placement of 8,25,000 equity shares at an issue price of ₹190 per share, including a premium of ₹180 per share.
Investors including Invictus Continuum Fund I participated in the round.
Invictus Continuum Fund I was allotted 1,00,000 equity shares on February 14, 2026 at ₹190 per share, aggregating to ₹1.9 crore. Cheay Investments Private Limited and Plutus Equity Investment Services were each allotted 50,000 equity shares at ₹190 per share, amounting to ₹95 lakh each.
The placement also saw participation from Maple Leaf Trading and Services and 18 other investors.
Priority Jewels designs, manufactures and sells a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery.
It supplies to leading jewellery chains such as CaratLane Trading Private Limited, Kalyan Jewellers India Limited, Reliance Retail Limited, Malabar Gold and Diamonds FZCO, Tribhovandas Bhimji Zaveri Limited and Senco Gold Limited, and also caters to independent jewellers in India and select international markets.
According to a CARE report, the company’s blend of craftsmanship and innovation has helped it build long-standing relationships with major retail jewellery players, strengthening its position as a trusted supplier.
Its portfolio includes daily wear jewellery such as rings, earrings, pendants, neckwear and bracelets, as well as occasion couture jewellery developed using contemporary design and modern manufacturing techniques.
Mefcom Capital Markets will act as the book running lead manager to the issue, and the equity shares will be listed on BSE as well as NSE.Continue ReadingTagsIPO