Check Your PN Gadgil Jewellers IPO Allotment Status Easily: A Step-by-Step Guide

Allotment status finalized for the much-awaited PN Gadgil Jewellers IPO. Investors who applied for this IPO can now check their allotment status online. The IPO generated significant interest, being subscribed 59.41 times, indicating strong demand among investors. This article will guide you through the process of checking your allotment status in a simple and friendly manner.

What is PN Gadgil Jewellers IPO?

PN Gadgil Jewellers, a well-known name in the jewelry industry, launched its IPO to raise funds for expanding its retail presence and paying off debts. The IPO was open for subscription from September 10 to September 12, 2024, with a price band set between ₹456 and ₹480 per share. Investors could apply for a minimum of one lot, consisting of 31 shares, amounting to ₹14,880.

Why is the Allotment Status Important?

The allotment status is crucial for investors as it determines whether they will receive shares from the IPO. If shares are allotted, investors will receive notifications via SMS or email, and funds will be debited from their accounts. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 17, 2024.

How to Check Your IPO Allotment Status

Investors can check their allotment status through two main platforms: the BSE website and the Bigshare Services portal. Below are the detailed steps for both methods.

Checking Allotment Status on the BSE Website

1. Visit the BSE IPO Allotment Page: Go to the official BSE website and navigate to the IPO allotment section.
2. Select the Issue Type: Choose “Equity” from the dropdown menu.
3. Choose the Company Name: Select “PN Gadgil Jewellers Limited” from the list.
4. Enter Application Details: Input your application number and PAN (Permanent Account Number).
5. Complete the CAPTCHA: Fill in the CAPTCHA to verify that you are not a robot.
6. Click Submit: Hit the “Submit” button to view your allotment status.

Checking Allotment Status on Bigshare Services

1. Visit Bigshare Services Portal: Open the Bigshare Services website dedicated to IPO allotment.
2. Select the Company: Choose “PN Gadgil Jewellers Limited” from the dropdown menu.
3. Choose Your Selection Type: You can check your status using either your Application Number, Beneficiary ID, or PAN ID.
4. Enter Required Information: Fill in the relevant details based on your selection.
5. Complete the CAPTCHA: Verify your identity by completing the CAPTCHA.
6. Click Search: Finally, click the “Search” button to see your allotment status.

What to Expect After Checking Your Allotment Status

Once you check your allotment status, you will see whether you have been allotted shares. If shares are allotted, you will receive notifications regarding the debit of funds from your account. If not allotted, you may receive a refund of your application amount.

Key Details of the PN Gadgil Jewellers IPO

• IPO Size: ₹1,100 crores
• Subscription Dates: September 10 to September 12, 2024
• Allotment Date: September 13, 2024
• Listing Date: September 17, 2024
• Price Band: ₹456 to ₹480 per share
• Lot Size: 31 shares

Grey Market Premium (GMP)

As of September 13, 2024, the grey market premium (GMP) for PN Gadgil Jewellers IPO is around ₹333 per share. This indicates a potential listing price of approximately ₹813, suggesting a gain of about 69.38% for investors.

Final Thoughts

The PN Gadgil Jewellers IPO has attracted significant attention, and checking your allotment status is a straightforward process. Whether you choose to check via the BSE or Bigshare Services, the steps are simple and user-friendly. Investors should stay alert for notifications regarding their allotment and be prepared for the shares to be listed on the stock exchanges soon.