The allotment for PN Gadgil Jewellers’ highly anticipated ₹1100 crore IPO is set to be finalized today, September 13, 2024. Investors who participated in the IPO can now check their allotment status via several online platforms.
The IPO, which concluded its subscription window on September 12, received an overwhelming response from investors. The issue was subscribed 59.4 times, highlighting strong demand particularly from Qualified Institutional Buyers (QIBs), who subscribed 136.85 times. Retail Individual Investors (RIIs) and non-institutional investors also showed robust interest, with subscriptions of 16.58 times and 56.09 times, respectively.
Key Details:
- IPO Size: ₹1100 crore
- Fresh Issue: Approximately ₹850 crore
- Offer for Sale (OFS): Up to ₹250 crore
- Subscription Figures: 1,00,31,53,273 shares bid for against 1,68,85,964 shares on offer.
- Listing Date: Tentatively September 17, 2024.
How to Check Allotment Status:
- Bigshare Services:
- Visit Bigshare Services.
- Select “PN Gadgil Jewellers Limited” from the dropdown list.
- Enter your PAN (Permanent Account Number), Application Number, or Beneficiary ID.
- Complete the CAPTCHA and click the search button.
- NSE:
- Access the NSE IPO Status.
- Choose “PN Gadgil Jewellers Limited” from the list.
- Enter your PAN or Application Number and proceed to check your status.
- BSE:
- Go to the BSE IPO Allotment page.
- Select “PN Gadgil Jewellers Limited” from the dropdown menu.
- Provide your PAN or Application Number and click on search.
Investors should keep an eye on these platforms to find out the number of shares allotted to them. Following the allotment, PN Gadgil Jewellers’ shares are expected to make their debut on the BSE and NSE on September 17, 2024. The shares are currently commanding a robust premium in the grey market, suggesting a strong market debut.
PN Gadgil Jewellers, a venerable name in Maharashtra’s jewelry sector with a legacy spanning over six generations, is known for its craftsmanship and commitment to quality. This IPO marks a significant milestone in the company’s journey, reflecting its growing prominence in the retail jewelry market.
