P N Gadgil Jewellers Limited IPO GMP

P N Gadgil Jewellers is the second largest among the prominent organised jewellery players in Maharashtra, in terms of the number of stores as on January, 2024, which is the largest market for BIS-registered outlets in India. They are also the fastest growing jewellery brand amongst the key organised jewellery players in India, based on the revenue growth between Fiscal 2022 and Fiscal 2024.

P N G Jewellers, an Book Built Issue amounting to ₹1,100.00 Crores, consisting an Fresh Issue of 17.70 Lakh Shares worth ₹850.00 Crores and an Offer for Sale of 5.20 Lakh Shares totalling to ₹250.00 Crores. The subscription period for the P N G Jewellers IPO opens on September 10, 2024, and closes on September 12, 2024. The allotment is expected to be finalized on or about Friday, September 13, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Wednesday September 18, 2024.

The Share price of P N G Jewellers IPO is set at ₹456 to ₹480 equity per share, with a minimum lot size of 31 shares. Retail investors are required to invest a minimum of ₹14,880, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (434 shares), amounting to ₹208,320.

Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and BOB Capital Markets Limited are the book-running lead manager, Bigshare Services Private Limited is the registrar for the Issue. 

P N Gadgil Jewellers Limited IPO GMP Today
The Grey Market Premium of P N Gadgil Jewellers Limited IPO is expected in the range of ₹290 to ₹310 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

PN Gadgil Jewellers Limited IPO Live Subscription Status Today: Real-Time Updates
As of 04:00 PM on 12 September 2024, the P N Gadgil Jewellers Limited IPO live subscription status shows that the IPO subscribed 59.15 times on its final day of subscription period. Check the P N Gadgil Jewellers Limited IPO Live Subscription Status Today at BSE.

PN Gadgil Jewellers Limited IPO Anchor Investors Report
PN Gadgil Jewellers has raised ₹333 Crore from Anchor Investors at a price of ₹480 per shares in consultation of the Book Running Lead Managers. The company allocated 68,74,999 equity shares to the Anchor Investors. Top Anchor Investors like HDFC Trustee Capital, Nippon Life India Trustee, Axis Mutual Fund Trustee and many more names appeared in the Anchor Allocation Report. Check Full list of PN Gadgil Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

PN Gadgil Jewellers Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
P N Gadgil Jewellers IPO allotment date is 13 September, 2024, Wednesday. P N Gadgil Jewellers IPO Allotment will be out on 13th August 2024 and will be live on Registrar Website from the allotment date. Check P N Gadgil Jewellers Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select P N Gadgil Jewellers Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of P N Gadgil Jewellers Limited IPO
P N G Jewellers Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹3,925.68 Millions is required for Funding expenditure towards setting-up of 12 new stores in Maharashtra (“New Stores”); 
2. ₹3,000.00 Millions is required for Repayment or pre-payment, in full or part, of certain borrowings availed by the Company; and 
3. General corporate purposes.

Refer to P N Gadgil Jewellers Limited RHP for more details about the Company.