Priority Jewels opens its IPO for subscription today, August 28. The issue is scheduled to remain open until September 1, with a price band of Rs. 190–200 per share.
The IPO has already generated considerable grey-market interest, with reports indicating a GMP of around 19% ahead of the opening. However, grey-market premiums are unofficial indicators and can change quickly.
Investors should therefore focus primarily on the company’s financial performance, valuation, business model and growth prospects rather than relying solely on the GMP.
