Latest Sectors News

In an impactful move, Denville Township has acquired seventeen acres dedicated to an essential land preservation effort, shielding around fifty acres from encroaching residential developments. This initiative also includes a plan to add thirty-three more acres by October 2026, ultimately creating a welcoming public park and safeguarded natural area to maintain Denville's unique heritage and ecology for future generations to enjoy. View More

MahaRERA's ruling protects buyers by limiting builders' deductions upon cancellation and mandating refunds within 45 days. MahaREAT ordered a builder to refund a Dubai-based buyer for two cancelled flats. View More

Realty firm Brigade Enterprises Ltd on Monday said it has launched its first housing project in Coimbatore for sale and expects a total revenue of Rs 600 crore from this upcoming property. In a regulatory filing, the Bengaluru-based company said it will build a 5.4-acre residential project in Coimbatore, Tamil Nadu, through a Joint Development Agreement (JDA). The total revenue potential of this project is around Rs 600 crore. Pavitra Shankar, Managing Director of Brigade Enterprises, said, "Coimbatore has all the fundamentals of a high-growth real estate market: a diversified economy, a deep talent pool, strong social infrastructure and a robust pipeline of infrastructure investments." She said the demand for quality real estate is set to accelerate. "Our entry into Coimbatore is a strategic step in Brigade's growth journey across South India, and we are excited to bring our multi-domain development expertise to a market that is poised for its next phase of transformation," Shank View More

Adding names to property documents is common in India, with tax authorities scrutinising financial capacity. Parties must clarify arrangements such as ownership, gifts, or loans to avoid compliance issues.  View More

Ageing housing societies can unlock significant value through redevelopment, but title, approvals, member rights, costs and delays need careful scrutiny first View More

Amit Arora revealed that the husband earns around ?1.5 lakh per month, while his wife earns ?22,000 from tuitions, taking their total monthly income to about ?1.72 lakh. View More

The investment, made through their joint senior secured debt platform, is in a residential development project in western Mumbai, the companies said View More

Putting a relative’s name on a property deed may seem like a family arrangement, but tax authorities can now connect property records with financial data. Here’s when a gift, loan or benami issue can arise. View More

India’s office leasing momentum weakened in Q1FY27 as the West Asia war delayed deals. Gross absorption fell 6% and net absorption 21%. However, lower supply eased vacancy, while GCC demand and strong REIT occupancy supported rental growth. View More

Priority Jewels IPO saw strong subscription numbers on its second day. Retail and non-institutional investors showed significant interest in the offering. The company's grey market premium indicates potential listing gains for investors. Priority Jewels reported robust financial performance with increased income and profitability. The company plans to use IPO proceeds for debt repayment and general purposes. View More

On Day 2, Priority Jewels IPO was subscribed 29.03 times against the total offer of 32.05 lakh shares, showed the NSE data. Retail investors have shown particularly strong interest, with their portion subscribed 21.59 times against 16.01 lakh shares reserved for them. The Non-Institutional Investors (NII) category has also seen robust demand, with subscription reaching 21.74 times. While subscription numbers point to strong investor appetite, the IPO’s performance in the grey market is adding another dose of excitement. The Priority Jewels IPO is currently commanding a grey market premium (GMP) of around 23%, indicating the possibility of a healthy listing gain if the premium holds until listing. However, GMP trends are unofficial and can change quickly, so investors should not rely on them alone when assessing an IPO. The Rs 91.05 crore Priority Jewels IPO comprises an entirely fresh issue of 46 lakh shares, with the price band fixed at Rs 190–Rs 200 per share. The IPO comes with a lot size of 75 shares, meaning retail investors can enter the issue with a minimum investment of Rs 15,000 at the upper price band of Rs 200 per share. Live Events The IPO opened for subscription on August 28, 2026, and bidding will close on September 1, 2026. The allotment is expected to be finalized on September 2, while the shares are likely to make their debut on both the NSE and BSE on September 4, 2026. Mefcom Capital Markets Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is acting as the registrar. Ahead of the IPO, Priority Jewels raised Rs 27.45 crore from anchor investors. According to the company’s filing with the stock exchanges, it allotted 13.72 lakh shares at Rs 200 per share to anchor investors. Priority Jewels IPO Subscription Status Retail Individual Investors (RIIs): The retail portion was subscribed 38.96 times against 16.01 lakh shares on offer. Non-Institutional Investors (NIIs): The NII portion was subscribed 42.32 times against 6.86 lakh shares on offer. Qualified Institutional Buyers (QIBs): The QIB portion was subscribed 1.68 against 9.15 lakh shares reserved for the category. Priority Jewels IPO GMP Today The Priority Jewels IPO is currently commanding a grey market premium (GMP) of Rs 45 per share, or 23%, over the upper price band of Rs 200 per share. Based on the latest GMP, the IPO is estimated to list at around Rs 245 per share. GMP Note: The grey market premium is an unofficial indicator of market sentiment and potential listing performance. It is not regulated by stock exchanges and may fluctuate before the shares are listed. Investors should not rely solely on GMP when making investment decisions. IPO Objects of the Issue Priority Jewels plans to deploy the majority of the IPO proceeds towards repaying or pre-paying, either fully or partially, certain borrowings availed by the company. Around Rs 75 crore has been earmarked for this purpose. The remaining funds will be used for general corporate purposes, taking the total amount allocated towards the IPO’s stated objectives to Rs 75 crore. Financial Performance Priority Jewels Ltd. delivered a strong financial performance in FY26, with total income rising 24% to Rs 539.03 crore, compared with Rs 435.87 crore in FY25. The company also reported a notable improvement in profitability. Profit after tax (PAT) surged 68% year-on-year to Rs 17.65 crore in FY26, from Rs 10.51 crore in FY25. About Priority Jewels Ltd. Founded in 2007, Priority Jewels Ltd. is engaged in the design, manufacturing and sale of diamond-studded gold and platinum jewellery. Its portfolio spans a wide range of daily-wear products, including rings, earrings, pendants, neckwear and bracelets, along with jewellery designed for special occasions. The company supplies its products to independent jewellers and jewellery chains across India and international markets. Its customer base includes prominent names such as CaratLane Trading Pvt Ltd, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri Ltd and Senco Gold Ltd. As of June 30, 2026, it has served over 200 customers, including 125 independent jewellers and 53 jewellery chains. The company has a strong market presence across 21 states and 3 union territories, and exports products to 13 countries, including the United States of America, UAE, Hong Kong, and Norway. It has two jewellery manufacturing facilities in Mumbai across 19,008.79 square feet. Should You Subscribe? According to an Anand Rathi research report, Priority Jewels Ltd. is a jewellery manufacturer specialising in lightweight, affordable, diamond-studded gold and platinum jewellery. Its business model is primarily focused on backend manufacturing for leading jewellery retailers, similar to Sky Gold. The company’s long-standing relationships with major customers such as CaratLane, Kalyan Jewellers, Reliance Retail and Malabar Gold & Diamonds provide a strong foundation for future growth. Expansion into adjacent segments such as jewellery findings could further broaden its product portfolio. At the upper end of the price band, the issue is valued at 20.5x FY26 P/E and 13.9x EV/EBITDA, implying a post-issue market capitalisation of Rs 3,600 million. This suggests that the IPO is fully priced at the current valuation. The company, however, remains exposed to key risks, including fluctuations in gold prices, changing consumer preferences and intense competition in the jewellery manufacturing industry. Going forward, capacity expansion, balance-sheet deleveraging and diversification into silver jewellery, lab-grown diamond jewellery and high-end jewellery could provide additional growth opportunities. Given its established customer base and positioning in the growing affordable and designer jewellery segment, the company appears well placed to benefit from rising demand. Anand Rathi has therefore assigned a “Subscribe for Long Term” rating to the issue. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)