PN Gadgil Jewellers IPO Allotment Today: Check Status in 5 Simple Steps

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PN Gadgil Jewellers IPO Allotment Today

Visit BSE/NSE/Bigshare website

The IPO allotment for PN Gadgil Jewellers Ltd is anticipated to be finalized today, September 13, following strong demand and heavy oversubscription. The public issue, which was open for subscription from September 10 to September 12, has garnered significant investor interest. The company is expected to establish the basis of allotment today.

Investors whose bids are successful will have PN Gadgil Jewellers shares credited to their demat accounts on September 16, while refunds will be processed for those who were unsuccessful on the same day.

To check the allotment status of the PN Gadgil Jewellers IPO, applicants can visit the websites of BSE or NSE, or the official portal of the IPO registrar, Bigshare Services Pvt Ltd. The process to check the PN Gadgil Jewellers IPO allotment status online involves a few simple steps.

To check the PN Gadgil Jewellers IPO allotment status on the BSE website, follow these steps:

1. Go to the IPO page on the BSE website.
2. Select ‘Equity’ as the Issue Type.
3. From the Issue Name dropdown, choose ‘PN Gadgil Jewellers Limited.’
4. Enter either your Application Number or PAN.
5. Verify your identity and click ‘Search.’

Your PN Gadgil Jewellers IPO allotment status will be shown on the screen.

To check the status on the Bigshare Services website (the IPO registrar), follow a similar set of steps.

To check the PN Gadgil Jewellers IPO allotment status on the Bigshare Services website, follow these steps:

1. Visit the Bigshare Services website via this link: https://ipo.bigshareonline.com/ipo_status.html
2. In the Company Selection dropdown, choose ‘PN Gadgil Jewellers Limited.’
3. Select either ‘Application No.,’ ‘Beneficiary ID,’ or ‘PAN’ as the method to search.
4. Enter the relevant details based on your chosen option.
5. Complete the Captcha and click ‘Search.’

Your PN Gadgil Jewellers IPO allotment status will then be displayed on the screen.

PN Gadgil Jewellers shares were trading at a notable premium in the unlisted market. According to stock market analysts, the grey market premium (GMP) for PN Gadgil Jewellers shares today was ₹292 per share. This suggests that the shares were trading ₹292 above their issue price in the grey market.

The current GMP trends indicate that the estimated listing price for PN Gadgil Jewellers shares would be around ₹772 per share, reflecting a 61% premium over the issue price of ₹480 per share.

The PN Gadgil Jewellers IPO was open for subscription from September 10 to 12, with the allotment date set for today, September 13, and the listing date scheduled for September 17. The company’s shares will be listed on both the BSE and NSE.

The IPO raised ₹1,100 crore through a book-built issue, which included a fresh issue of 1.77 crore equity shares worth ₹850 crore and an offer-for-sale (OFS) of 52.08 lakh shares valued at ₹250 crore. The shares were priced in the range of ₹456 to ₹480 per share.

The IPO saw strong demand, being subscribed 59.41 times, with bids for 100.31 crore shares against the 1.68 crore shares available.

PN Gadgil Jewellers IPO Allotment Today The retail investors’ portion of the PN Gadgil Jewellers IPO was subscribed 16.58 times, while the Non-Institutional Investors (NII) category saw 56.09 times subscription. The Qualified Institutional Buyers (QIB) segment was heavily oversubscribed at 136.85 times.

Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Ltd, and BoB Capital Markets Ltd acted as the book-running lead managers for the IPO, with Bigshare Services Pvt Ltd serving as the issue’s registrar.

As of January 2024, PN Gadgil Jewellers is the second-largest organized jewellery retailer in Maharashtra by the number of stores.