P N Gadgil Jewellers IPO will close on September 12. It was opened for investors on September 10. P N Gadgil Jewellers operates under the brand name “PNG” and offers a diverse collection of jewellery made from gold, silver, platinum, and diamonds. The company wants to collect Rs 1,100 crore via fresh capital and selling of secondary shares.
P N Gadgil Jewellers Subscription Status
The IPO has been subscribed to a total of 9.63 times more than the offered shares. The retail segment was booked 9.42 times and the NII category got biddings worth Rs 3,965 crore.
P N Gadgil Jewellers GMP
The shares of the jeweller maker were attracting a premium of 56% in the grey market. It is an unofficial place where shares change hands illegally ahead of listing.
P N Gadgil Jewellers IPO Price Band
The company kept the IPO price band in a range of Rs 456 to 480 per equity share. PN Gadgil Jewellers IPO, its price-to-book ratio stands at 42.2 times, somewhat near to its competitors except for Kalyan Jewellers.
P N Gadgil Jewellers IPO Allotment and Listing
The allotment of the shares is expected to be finalised by September 13. The listing will likely take place on NSE and BSE on September 17.
About P N Gadgil Jewellers
P N Gadgil Jewellers operates under the brand name “PNG” and offers a diverse collection of jewellery made from gold, silver, platinum, and diamonds. Their product range includes various designs and price points, catering to a wide spectrum of customer preferences. It is also the fastest-growing jewellery brand amongst the key organized jewellery players in India, based on the revenue growth between Fiscal 2022 and Fiscal 2024.
Minimum Investment Required
A retail participant can buy as low as 31 shares in the issue, which will cost him a total of Rs 14,880. There are different investment options for small and big NIIs.
BRLMs and Registrar
Motilal Oswal Investment Advisors, Nuvama Wealth Management, and BoB Capital Markets were the lead book runners of the issue, while Bigshare Services was the registrar of the IPO.