PN Gadgil IPO Allotment Status: Check Your Application, Latest GMP, and Listing Date Today!

investors are eagerly awaiting the allotment status of the PN Gadgil Jewellers IPO. This IPO has generated significant buzz in the market, attracting a diverse range of investors. The subscription period for this IPO ran from September 10 to September 12, 2024, and it has been met with an overwhelming response, being oversubscribed 59.41 times.

PN Gadgil IPO Subscription Details

The PN Gadgil Jewellers IPO was launched with a price band set between ₹456 and ₹480 per share. Investors were required to apply for a minimum lot size of 31 shares, which translates to a minimum investment of ₹14,880. The total issue size was approximately ₹1,100 crore, comprising a fresh issue of ₹850 crore and an offer-for-sale (OFS) component worth ₹250 crore.The subscription details reveal a strong interest from various investor categories:

• Qualified Institutional Buyers (QIBs): Oversubscribed 136.85 times
• Non-Institutional Investors (NIIs): Oversubscribed 56.09 times
• Retail Individual Investors (RIIs): Oversubscribed 16.58 times

This robust subscription indicates a high level of confidence in the company’s future prospects and its established reputation in the jewellery market.

How to Apply for PN Gadgil IPO

For those who wish to apply for the PN Gadgil IPO, the process is quite straightforward. Investors can apply through various platforms, including online brokerage accounts and banks. Here’s a simple guide to applying:

1. Choose a Brokerage: Select a stockbroker or a bank that offers IPO application services.
2. Fill in the Application Form: Provide necessary details such as your name, PAN, and bank details.
3. Select the Lot Size: Choose the number of lots you wish to apply for, keeping in mind the minimum lot size of 31 shares.
4. Make Payment: Ensure you have sufficient funds in your account to cover the application amount.
5. Submit the Application: After reviewing your details, submit the application.

PN Gadgil IPO Issue Date and Price Band

The IPO was open for subscription from September 10 to September 12, 2024. The price band was set between ₹456 and ₹480 per share, making it accessible for a wide range of investors.

Bajaj Housing Finance IPO Subscription Tops 1% of India GDP, Set to Double on Listing

Kross IPO Subscription Status on Day 2: Key Stats and Grey Market Premium Explained

PN Gadgil IPO Lot Size

As mentioned earlier, the minimum lot size for the PN Gadgil IPO is 31 shares. This means that investors need to invest at least ₹14,880 to participate in this IPO.

PN Gadgil IPO GMP Today

As of September 13, 2024, the grey market premium (GMP) for the PN Gadgil IPO is reported to be around ₹333. This indicates a strong potential listing price, suggesting that shares may debut at approximately ₹813, representing a potential gain of about 69.38% from the upper price band.

PN Gadgil IPO Allotment Status

The allotment of shares is expected to be finalized today, and investors can check their allotment status through the following methods:

1. BSE Website:
   • Visit the BSE allotment status page.
   • Select “Equity” as the issue type.
   • Choose “PN Gadgil Jewellers Ltd” from the dropdown list.
   • Enter your application number and PAN details.
   • Click “Submit” to view your status.
2. Bigshare Services:
   • Go to the Bigshare Services allotment status portal.
   • Select “PN Gadgil Jewellers Ltd.”
   • Choose your preferred method (Application Number, Demat Account, or PAN).
   • Enter the required details and submit.

PN Gadgil IPO Listing Date

The shares of PN Gadgil Jewellers are scheduled to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 17, 2024. This is a significant event for investors, as it marks the transition of the company from a private entity to a publicly traded company.

PN Gadgil IPO Financial Performance

PN Gadgil Jewellers has established a solid track record since its inception in 2013. The company specializes in a wide range of jewellery products, including gold, silver, platinum, and diamond jewellery. Its strong presence in Western India and a well-experienced management team have contributed to its growth.

PN Gadgil IPO DRHP Analysis

The Draft Red Herring Prospectus (DRHP) indicates that the funds raised from the IPO will be utilized for several key objectives, including:

• Establishing 12 new retail stores in Maharashtra
• Repaying or pre-paying existing borrowings
• General corporate purposes

PN Gadgil IPO Promoter Background

PN Gadgil Jewellers is led by a team of experienced professionals with a deep understanding of the jewellery market. The promoters have a strong background in the industry, which enhances investor confidence.

PN Gadgil IPO Retail Quota

The retail quota for the PN Gadgil IPO has been well-received, with a subscription rate of 16.58 times. This reflects the interest from individual investors looking to participate in the company’s growth.

PN Gadgil IPO QIB Portion

The Qualified Institutional Buyers (QIB) segment saw the highest subscription at 136.85 times, indicating strong institutional interest in the company’s prospects.

PN Gadgil IPO NII Allocation

Non-Institutional Investors (NII) also showed significant interest, with a subscription rate of 56.09 times, demonstrating confidence from larger investors.

PN Gadgil IPO Market Share

PN Gadgil Jewellers has carved a niche for itself in the competitive jewellery market, focusing on quality and customer satisfaction.

PN Gadgil IPO Risk Factors

While the prospects look promising, potential investors should consider risks such as fluctuations in gold prices and high working capital needs.

PN Gadgil IPO Competitive Analysis

The jewellery market is competitive, with various players vying for market share. PN Gadgil’s established brand and customer loyalty give it an edge.

PN Gadgil IPO Business Model

The company’s business model focuses on quality craftsmanship and a diverse product range, catering to various customer preferences.

PN Gadgil IPO Future Expansion Plans

With plans to open new stores and enhance its retail presence, PN Gadgil Jewellers is poised for growth in the coming years.

PN Gadgil IPO Debt to Equity Ratio

Investors should review the company’s debt to equity ratio as part of their analysis before investing.

PN Gadgil IPO Revenue Growth Rate

The revenue growth rate of PN Gadgil Jewellers reflects its operational efficiency and market demand for its products.

PN Gadgil IPO Profit Margins

Profit margins are a critical metric for assessing the company’s financial health and sustainability.

PN Gadgil IPO Dividend Policy

Investors should also consider the company’s dividend policy, which can impact long-term returns.

PN Gadgil IPO Industry Outlook

The jewellery industry outlook remains positive, driven by growing consumer demand and economic recovery.

PN Gadgil IPO SWOT Analysis

A SWOT analysis can provide insights into the company’s strengths, weaknesses, opportunities, and threats.

PN Gadgil IPO Valuation Metrics

Investors should evaluate the company’s valuation metrics to determine if the IPO is priced fairly.

PN Gadgil IPO Peer Comparison

Comparing PN Gadgil with its peers can provide a clearer picture of its market position.

PN Gadgil IPO Underwriters

The IPO is backed by reputable underwriters, which adds credibility to the offering.

PN Gadgil IPO Prospectus Highlights

The prospectus provides detailed information about the company’s operations, financials, and future plans.

PN Gadgil IPO Anchor Investors

Anchor investors play a crucial role in stabilizing the stock post-listing, and their participation is a positive sign.