Priority Jewels Ltd

Priority Jewels Ltd

Initial public offering of up to 54,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Priority Jewels Limited (the "Company" or the "Company" or the "Issuer") for cash at a price of Rs. [*] per equity share (Including a Premium of Rs. [*] per Equity Share) ("Issue Price") aggregating up to Rs. [*] crores (the "Issue"). The issue comprises of a fresh issue of up to 54,00,000 equity shares of face value of Rs. 10/- each by the company aggregating up to Rs. [*] crores (the "Fresh Issue" or the "Issue"). The issue shall constitute [*] % of the post-issue paid-up equity share capital of the company. The company, in consultation with the brlm, may consider issue of specified securities, as may be permitted under applicable law to any person(s) prior to filing of the ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20 % of the size of the issue. The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the objects in compliance with applicable law. Prior to the completion of the issue and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The price band and the minimum bid lot size shall be decided by the company.