P N Gadgil Jewellers IPO subscription status started on September 10, 2024, and closed on September 12, 2024. The company aims to raise approximately ₹1100 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹456 to ₹480 per equity share.
The IPO consists of a minimum market lot of 31 Shares requiring an application amount of ₹14,880. P N Gadgil Jewellers is a Mainboard IPO that will be listed on the NSE & BSE.
Table of contents
IPO Overview
P N Gadgil Jewellers Limited is, notably, the second-largest organized jewelry player in Maharashtra, offering a wide range of gold, silver, platinum, and diamond ornaments in various designs and price ranges. Over time, the company has expanded to 33 outlets across 18 locations in Maharashtra and Goa, as well as one store in the USA. Moreover, all outlets operate under a franchisee-owned, company-operated model, ensuring consistent quality and customer experience across the board. Looking ahead, the company plans to open 12 additional stores by the fiscal year 2026.
Additionally, The P N Gadgil Jewellers’s IPO is price between ₹456 and ₹480 per share, with a retail quota of 35%, a QIB quota of 50%, and an HNI quota of 15%. The company will list the IPO on the BSE and NSE on September 17, 2024, and schedule allotments for September 13, 2024.
Further, the company has demonstrated significant growth, reporting revenue of ₹4,559.31 crores in 2023, up from ₹2,586.31 crores in 2022. Additionally, profits rose to ₹93.7 crores in 2023, compared to ₹69.52 crores in 2022. Given this strong performance, investors should consider this IPO as a long-term investment opportunity.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
P N Gadgil Jewellers IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.01 | 0.10 | 136.85 |
| NII | 3.28 | 16.03 | 56.08 |
| bNII | 2.87 | 15.37 | 59.11 |
| sNII | 4.08 | 17.33 | 50.03 |
| RII | 2.67 | 7.10 | 16.58 |
| Total | 2.04 | 7.01 | 59.41 |
IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for P N Gadgil Jewellers
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P N Gadgil Jewellers IPO Form
To apply for the P N Gadgil Jewellers IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 10, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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