P N Gadgil Jewellers Limited Ipo: Check GMP, Price Band, LOT & Other Details

P N Gadgil Jewellers Limited Ipo is opened for subscribers, check important details before trying to bid on IPO.

PN Gadgil Jewellers IPO: India’s famous jewelers IPO is opened (September 10)  for subscription. The IPO is worth an estimated Rs 1,100 crore, comprises fresh issuance and an offer for sale (OFS). The IPO will close on September 12. The shares are currently trading at a 50% premium in the grey market. 

P N Gadgil Jewellers Limited Ipo: Details

P N Gadgil Jewellers Limited Ipo: Subscription Dates

The IPO will be available for subscription for three trading days from September 10 to September 12. The basis of allotment will tentatively be finalised on September 13.

P N Gadgil Jewellers Limited Ipo: Issue Price

The IPO price band is set between Rs 456 and Rs 480 per equity share.

P N Gadgil Jewellers Limited Ipo: Listing Date

The PN Gadgil Jewellers stock is set to list on BSE and NSE tentatively on September 17. 

P N Gadgil Jewellers Limited Ipo: Lot size

Investors can bid in multiples of 31 shares, which translates to Rs 14,136-14,880 per lot. Fresh issuance is estimated to be worth Rs 850 crore, the OFS is estimated to be worth Rs 250 crore. 

P N Gadgil Jewellers Limited Ipo: GMP 

P N Gadgil Jewellers’ shares are trading at a 50% premium in the grey market, an unofficial platform where shares are traded illegally before their official listing.

P N Gadgil Jewellers IPO: BRLMs and Registrar

The IPO is being managed by lead book runners Motilal Oswal Investment Advisors, Nuvama Wealth Management, and BoB Capital Markets, with Bigshare Services serving as the registrar.

P N Gadgil Jewellers: Company Details

P N Gadgil Jewellers offers an extensive selection of jewellery made from precious metals like gold, silver, platinum, and diamond under its brand name “PNG,” catering to a broad spectrum of price points and designs.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)