The much-anticipated PN Gadgil IPO allotment status is set to be finalized on Friday, September 13, 2024. Investors who have participated in this initial public offering (IPO) can expect to receive notifications, alerts, or emails regarding the debit of their funds or revocation of their IPO mandate by the weekend or Monday. The PN Gadgil IPO saw a strong response from investors, reflecting the high demand during the bidding process.

PN Gadgil IPO Allotment Status 2024: All You Need to Know

PN Gadgil IPO Details: Price, Subscription, and GMP Updates

PN Gadgil Jewellers, a renowned name in the jewellery industry based in Pune, offered its IPO at a price band of Rs 458-480 per share with a lot size of 31 shares. The bidding period was open from September 10 to September 12, during which the company aimed to raise approximately Rs 160.01 crore. This amount includes a fresh share sale worth Rs 104 crore and an offer-for-sale (OFS) of 35.01 lakh shares.

PN Gadgil IPO Allotment Status 2024: Step-by-Step Guide and Key Details

The IPO received an overwhelming response, being subscribed 59.41 times overall. The Qualified Institutional Buyers (QIBs) led the charge, with their portion subscribed an impressive 136.85 times. The Non-Institutional Investors (NIIs) quota was subscribed 56.09 times, and the retail investors section saw a subscription of 16.58 times.

Despite market volatility, the Grey Market Premium (GMP) for PN Gadgil remained strong, standing at Rs 330-335 per share, suggesting a potential listing gain of about 70%. The GMP had been at Rs 265-270 just a day earlier, showing strong investor sentiment.

PN Gadgil Jewellers: A Trusted Brand with Diverse Offerings

Founded in 2013, PN Gadgil Jewellers offers a wide range of precious metal and jewellery products, including gold, silver, platinum, and diamond jewellery under its well-known brand name ‘PNG.’ The company provides customers with a variety of price ranges and design options, including custom-made jewellery.

With a strong presence in Western India and a sound financial track record, many brokerage firms have given positive recommendations for the IPO, citing long-term growth potential despite some risks such as high working capital needs and fluctuations in gold prices.

How to Check Your PN Gadgil IPO Allotment Status?

Investors who applied for the PN Gadgil IPO can easily check their IPO allotment status through two methods: the Bombay Stock Exchange (BSE) website and the Bigshare Services Limited portal, which is the official registrar for the issue.

Method 1: Check Allotment Status on BSE Website

Visit the BSE website.
Select ‘Equity’ under the issue type.
Choose ‘P N Gadgil Limited’ from the issue name drop-down list.
Enter your application number.
Input your PAN card number.
Verify with the Captcha and click ‘Submit’ to view your allotment status.

Method 2: Check Allotment Status on Bigshare Services Portal

Go to the Bigshare Services portal.
Select ‘P N Gadgil Limited’ from the IPO dropbox (this option will be available only if the allotment is finalized).
Choose one of the three modes: Application Number/CAF No, Beneficiary ID, or PAN ID.
Enter the required details based on your selection.
Fill in the Captcha for security purposes.
Click ‘Search’ to check your allotment status.

Key Takeaways for Investors

The PN Gadgil IPO has garnered significant interest due to its strong market reputation, diverse jewelry offerings, and robust financial outlook. Investors are eagerly awaiting the IPO allotment results, which are expected to bring substantial gains, especially with the high GMP indicating strong market demand.

Keep an eye on your inbox for alerts regarding fund debits or IPO mandates, and use the steps above to check your PN Gadgil IPO allotment status. Don’t miss out on this opportunity to be part of a trusted name in the jewelry industry as it makes its stock market debut on Tuesday, September 17, 2024.

FAQs

1. When will the PN Gadgil IPO allotment status be finalized?

The PN Gadgil IPO allotment status is expected to be finalized on Friday, September 13, 2024. Investors who applied for the IPO will be notified about the allotment by the weekend or on the following Monday.

2. How can I check my PN Gadgil IPO allotment status?

You can check the PN Gadgil IPO allotment status through two methods:

• BSE Website:
1. Visit the BSE allotment status page.
2. Select ‘Equity’ under the issue type.
3. Choose ‘P N Gadgil Limited’ from the issue name dropdown.
4. Enter your application number and PAN card details.
5. Click on ‘I am not a Robot’ and hit ‘Submit’ to see the status.
• Bigshare Services Portal:
1. Go to the Bigshare Services IPO status page.
2. Select ‘P N Gadgil Limited’ in the dropdown (if the allotment is finalized).
3. Enter your application number/CAF No, Beneficiary ID, or PAN ID.
4. Enter the Captcha code and click ‘Search’ to view the allotment status.

3. What is the Grey Market Premium (GMP) of the PN Gadgil IPO?

The Grey Market Premium (GMP) for PN Gadgil IPO has been firm, suggesting strong investor interest. Recently, the GMP was quoted at around Rs 330-335 per share, indicating a potential listing gain of around 70%.

4. What was the subscription rate for the PN Gadgil IPO?

The PN Gadgil IPO was heavily oversubscribed, with an overall subscription rate of 59.41 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 136.85 times, Non-Institutional Investors (NIIs) 56.09 times, and the Retail Investors 16.58 times.

5. What is the price band and lot size for the PN Gadgil IPO?

The PN Gadgil IPO was offered in a price band of Rs 458-480 per share with a lot size of 31 shares. The IPO was open for bidding from September 10 to September 12, 2024.

6. Where will the PN Gadgil shares be listed, and when?

The shares of PN Gadgil Jewellers are expected to be listed on the stock exchanges on Tuesday, September 17, 2024.

7. What is the total amount PN Gadgil aims to raise through the IPO?

PN Gadgil aims to raise approximately Rs 160.01 crore through the IPO. This includes a fresh issue of Rs 104 crore and an offer-for-sale (OFS) of 35.01 lakh shares.