PN Gadgil Jewelers IPO Listing: The shares of Pune based jewellery company PN Gadgil’s IPO have been listed today. Its shares have been listed today with a premium of about 74 percent. Its shares have been listed on NSE at Rs 830 per share and its shares have been listed on BSE at Rs 834 per share. The issue price in PN Gadgil’s IPO was Rs 480 per share.
The retail investor had to invest at least Rs 14,880 and on BSE, he got a profit of Rs 10974 per lot. On NSE, investors got a profit of Rs 10850 per lot on each lot.
There were indications of a strong listing from GMP
Before its listing, a slight improvement was seen in the grey market premium of PN Gadgil. The company was trading at a premium (GMP) of Rs 300-305 in the grey market. Based on this, a listing gain of about 63-65 percent was estimated for the investors, but its blockbuster listing also surpassed its GMP. Its GMP was highest at Rs 345-350.
What does PN Gadgil Company do
P N Gadgil & Sons has the latest designer and traditional collection of gold, silver, diamond jewellery online. It is a Pune based company and is a very popular jewellery brand in Maharashtra.
Learn about IPOs
PN Gadgil’s IPO included fresh share sale of Rs 850 crore and an offer for sale (OFS) of 52,08,333 shares. In this IPO, the company had put shares worth Rs 1100 crore for sale. In this IPO, the company had reserved 20.3 percent share for QIB investors, 15.23 percent share for NII and 35.53 percent share for retail investors. In this IPO, the company had fixed a lot of 31 shares.
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