PN Gadgil Jewelers IPO Allotment Finalization Today

PN Gadgil Jewelers IPO allotment of shares for the highly anticipated PN Gadgil Jewelers IPO is set to be finalized today, September 13, 2024, following the close of the three-day subscription period. Priced between Rs 456-480 with a lot size of 31 shares, the IPO saw tremendous investor interest, oversubscribing by 59.41 times.

Staggering Demand for PN Gadgil Jewelers IPO

A total of 1,00,31,53,273 bids were received for the 1,68,85,964 shares available, signaling a remarkable subscription phase. The IPO attracted a wide range of investors, leading to an overwhelmingly successful offering.

Investor Categories Oversubscribe Heavily

The PN Gadgil Jewelers IPO saw the highest participation from Qualified Institutional Buyers (QIBs), who bid 136.85 times their allotted shares. Non-institutional investors followed closely with 56.09 times, while retail individual investors (RIIs) registered bids for 16.58 times their quota, according to NSE data.

How to Check PN Gadgil Jewelers IPO Allotment Status

The shares will be allotted today, and investors can check their allotment status on the official websites of BSE, NSE, or the issue’s registrar, Bigshare Services. Investors can use the following direct links:

• Check on BSE
• Check on Intime India
• Check on NSE

PN Gadgil Jewelers IPO GMP (Gray Market Premium)

PN Gadgil Jewelers shares continue to show strong performance in the gray market, trading at Rs 813, representing a 69.38% premium over the upper band of the IPO price. This signals a promising market debut.

Expected Listing Date and Price

PN Gadgil Jewelers shares are expected to list on the BSE and NSE on Tuesday, September 17, 2024. If the current gray market trend continues, shares may open around Rs 813, marking a nearly 70% gain over the issue price.