PN Gadgil Jewellers IPO, PNG IPO Details, Opening Date, Size, Price Band, GMP

PN Gadgil Jewellers IPO , PNG Limited IPO Details, Opening Date, Size, Price Band, GMP: Once again good news is coming for share market investors. A good and trusted jewelery brand is coming up with its IPO. The name of this brand is PN Gadgil Jewellers. All the information regarding PN Gadgil Jewelers IPO is coming from the market. In today’s article we are sharing all the important information related to this IPO…

PN Gadgil Jewellers IPO Details

PN Gadgil Jewellers’ ₹1100 crore IPO will be open for subscription between September 10-12. If we talk about price band, investors can invest in lots of 31 shares in the IPO under the price band of ₹ 456-₹ 480. The registrar to the issue is BigShare Services. New shares worth Rs 850 crore will be issued under PN Gadgil Jewelers IPO.

Along with this, 52,08,333 shares with face value of Rs 10 will be sold under the offer for sale window. Talking about offer for sale, shares will be sold under this by SVG Business Trust. The money from the offer for sale will go to the shareholders selling the shares.

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PN Gadgil Jewellers IPO Opening Date

PN Gadgil And Sons Jewelers IPO will open for subscription on September 10. So for anchor investors it will open on September 9. The allotment of shares under the IPO will be final on September 13. Then there will be entry on BSE and NSE on 17th September.

PN Gadgil / PNG IPO Grey Market Premium / GMP

Talking about PN Gadgil Jewellers / PNG IPO Gray Market Premium / GMP, there is not much activity visible regarding the shares right now. However, according to market experts, investment decisions should be taken on the basis of fundamentals and financials of the company instead of signals received from the gray market.

PN Gadgil Jewellers Objective

Out of the money raised under IPO, 12 new stores will be opened in Maharashtra with Rs 387 crore. PNG will repay its loan with Rs 300 crore. The remaining money will be used for general corporate purposes. According to the information received, this company has a debt of Rs 377.45 crore.

PN Gadgil Jewellers Revenue

If we talk about the company’s business, PN Gadgil is the second largest organized jeweler in Maharashtra. According to the information, there are 33 stores in Maharashtra and Goa and one store in America. Of these, 23 are run by the company itself and 10 are franchised stores. If we talk about profit, its net profit jumped by 34.8 percent to Rs 23.7 crore in the financial year 2023.

PN Gadgil Jewellers IPO Registrar

PN Gadgil IPO has Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Ltd, and Bob Capital Markets Ltd as the book running lead managers, and Bigshare Services Pvt Ltd is the registrar for the issue.