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P N Gadgil Jewellers IPO opens on September 10, 2024, with a price band of ₹456-₹480 per share. The total issue size is ₹1,100 crore, including a fresh issue and offer for sale.
The highly anticipated P N Gadgil Jewellers IPO opens for subscription on September 10, 2024, and closes on September 12, 2024. The price band is set between ₹456 and ₹480 per equity share, with a face value of ₹10. Anchor investor allocations will occur on September 9, 2024. The IPO totals ₹1,100 crore, comprising a fresh issue of ₹850 crore and an offer for sale worth ₹250 crore.
Retail investors can invest with a minimum lot size of 31 shares, requiring a minimum investment of ₹14,880. The company has reserved 50% of shares for QIBs, 15% for NIIs, and 35% for retail investors.
The basis of allotment will be finalized on September 13, 2024, with refunds processed on September 16, 2024. The shares will be credited to investors’ demat accounts the same day, and the listing on BSE and NSE is scheduled for September 17, 2024.
Founded in 2013, P N Gadgil Jewellers offers a diverse range of gold, silver, platinum, and diamond jewelry under the "PNG" brand. The company intends to use ₹300 crore to reduce debt and ₹387 crore to open 12 new stores in Maharashtra by FY26. Remaining funds will be used for general corporate purposes.
This IPO presents a strong opportunity for investors, particularly with the company’s solid growth and expansion plans.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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