Pune-based P N Gadgil Jewellers has floated a book-built IPO of Rs 1,100 crore with a fresh issue component of Rs 850 crore and an OFS (offer for sale) of Rs 250 crore. The IPO has already registered an overall oversubscription of 7.11 times, with its retail segment attracting applications 7.28 times the number of shares on offer.
According to investorgain the GMP of stood at Rs 268 on September 11 and 12, Rs 258 on September 10, Rs 240 on September 9. It rose continuously from September 5 when it was at a level of Rs 165. The GMP of Rs 268 indicates a listing gain of nearly 56%. However, it must be remembered that GMP is an unofficial estimate. Each equity share that carries a face value of Rs 5 has been priced at Rs 456-480. The minimum lot size if 44 shares which entails an investment of Rs 21,120.
P N Gadgil Jewellers IPO Allotment, listing
The allotment of the IPO is supposed to take place on September 13 while the shares would show up on the demat account of applicants on September 16, 2024. The listing is expected to take place on the next day September 17. The listing will take place both on NSE and BSE.
Financials
The financials of the P N Gadgil Jewellers is as follows: in FY24, FY23 and FY22 revenues were clocked at Rs 6,119.1 crore, Rs 4,559.31 crore and 2,586.31 crore respectively; PAT was 154.34 crore, Rs 93.7 crore and Rs 69.52 crore; total borrowing stood at Rs 396.5 crore, Rs 283.21 crore and Rs 294.93 crore.
P N Gadgil Jewellers is an 11-year-old company. Among its product range are precious metal/jewellery of gold, silver, platinum, and diamond. The company owns the brand “PNG” and 8 sub-brands such as Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Litestyle, Pratha and Yoddha. It also has two sub-brands each in diamond jewellery and platinum jewellery. Till December 2023, it had a string of 33 stores in Maharashtra and Goa and one store in the US.
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P N Gadgil Jewellers IPO is one of the biggest IPOs in September 2024. It has notched up a subscription of more than 7 times on the second day itself. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
