PN Gadgil Jewellers IPO Allotment Likely Today: Check Status Online and Latest GMP Before It’s Too Late
The IPO (Initial Public Offering) of PN Gadgil Jewellers Ltd has received a lot of interest from investors, with the issue being highly oversubscribed. Now, investors are waiting for the share allotment, which is expected to be finalized today, September 13.
The public issue opened for subscription on September 10 and closed on September 12. Investors who are successful in getting shares will have them credited to their demat accounts by September 16. Refunds for unsuccessful applicants will also be processed on that day.
You can check the PN Gadgil Jewellers IPO allotment status online through the BSE or NSE websites or via the official website of the IPO registrar, which is Bigshare Services Pvt Ltd.
How to Check PN Gadgil Jewellers IPO Allotment Status
On BSE Website:
- Go to the BSE IPO page at: BSE Website
- Select ‘Equity’ in the Issue Type section.
- Choose PN Gadgil Jewellers Limited from the Issue Name dropdown menu.
- Enter your Application Number or PAN.
- Verify your identity and click Search.
Your allotment status will be displayed.
On Bigshare Services Website:
- Visit the Bigshare Services IPO page at: Bigshare Services
- Select PN Gadgil Jewellers Limited from the dropdown menu.
- Choose between Application Number, Beneficiary ID, or PAN.
- Enter the required details and complete the Captcha.
- Click Search to see your allotment status.
PN Gadgil Jewellers IPO GMP (Grey Market Premium) Today
The grey market is showing a good demand for PN Gadgil Jewellers shares. The GMP today is ₹292 per share, meaning that the shares are trading at a premium of ₹292 over the issue price. This suggests that the listing price for the stock could be around ₹772 per share, which is 61% higher than the issue price of ₹480 per share.
Key IPO Details
The PN Gadgil Jewellers IPO was open for subscription from September 10 to September 12. The final allotment is expected today, September 13, and the shares will be listed on BSE and NSE on September 17.
The IPO raised ₹1,100 crore, with ₹850 crore from the fresh issue and ₹250 crore from an offer-for-sale (OFS). The shares were offered at a price band of ₹456 to ₹480 per share. The IPO was heavily oversubscribed by 59.41 times.
- Retail investors subscribed 16.58 times.
- Non-Institutional Investors (NII) subscribed 56.09 times.
- Qualified Institutional Buyers (QIB) subscribed 136.85 times.
Motilal Oswal, Nuvama Wealth Management, and BoB Capital Markets were the lead managers for the issue, while Bigshare Services Pvt Ltd handled the allotment.
PN Gadgil Jewellers is the second-largest organized jewellery player in Maharashtra by the number of stores.
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