Investors are eagerly awaiting the conclusion of the PN Gadgil Jewellers IPO (Initial Public Offering). The official announcement is expected to be made on Friday, September 13. This issue, largely subscribed to – with a 59.41 times subscription rate from Qualified Institutional Buyers (QIBs), closed on September 12, creating a vast demand for the 1.68 crore shares on offer.
Following a successful subscription period, the company is now progressing to finalize the share allotment status. Consequently, a tentative IPO listing date of September 17 has been earmarked. Upon confirmation, the PN Gadgil Jewellers shares will be listed on both the BSE and NSE.
Investors who have participated in the PN Gadgil Jewellers subscription can validate their allotment status using several platforms. These include the NSE, BSE websites, and Bigshare Services Private Ltd, the official portal of the registrar.
Direct Links to Check
- PN Gadgil Jewellers IPO Allotment status on Link Intime
- PN Gadgil Jewellers IPO Allotment status on NSE
- PN Gadgil Jewellers IPO Allotment status on BSE
Steps to check PN Gadgil Jewellers IPO allotment status on Bigshare Services
- To check the PN Gadgil IPO allotment on Bigshare Services, visit the official website — https://ipo.bigshareonline.com/IPO_Status.html
- From the ‘Company Selection’ section, choose ‘PN Gadgil Jewellers Limited’ — the name will appear once share allocation is finalised.
- In the ‘Selection Type’ dropdown, opt for any of these—Application Number, Beneficiary ID, or PAN.
- Complete the captcha verification.
- Click the ‘Search’ button to view your allotment status.
Step by Step Guide to Check PNG Gadgil IPO Status on the BSE
- To check the PN Gadgil IPO allotment on the BSE website, visit the BSE IPO allotment page — https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ as the ‘Issue Type.’
- From the ‘Issue Name’ dropdown, choose ‘PN Gadgil Jewellers Limited.’
- Enter your Application Number or PAN (Permanent Account Number).
- Complete the captcha verification.
- Click the ‘Search’ button to view your allotment status.
The investors can also check the IPO allotment status on the NSE using the PAN and application number, but on NSE website login will be required. It’s important to note that the IPO allotment details can only be checked after the company finalises the share allocation.
About the PN Gadgil Jewellers IPO
With a primary goal to raise ₹1,100-crores, the mainboard public offer was divided into two segments – the fresh issue of 1.77 crore shares and an offer-for-sale (OFS) part comprising 52 lakh shares. The minimal investment for retail investors stands at ₹14,880, which covers one lot and totals 31 shares.
Objective of PN Gadgil Jewellers IPO Listed
The company plans to employ the IPO’s proceeds for an array of benefits. Objectives include opening 12 new stores in Maharashtra to grow its retail presence, repaying or pre-paying existing borrowings, and allocating funds towards general corporate purposes.
PN Gadgil Jewellers’ Background
Established in 2013, PN Gadgil Jewellers, operating under the brand ‘PNG’, is renowned for its diverse inventory of precious metal and jewelry products. Catering to a wide range of occasions, they have eight sub-brands for gold jewelry and two sub-brands for both diamond and platinum jewelry. As of year-end 2023, the company operated 33 stores, with 32 across 18 cities in Maharashtra and Goa and one in the US.
