“P N Gadgil Jewellers” share price makes debut, stock opens with (73%) premium at (₹830) a piece on NSE

The IPO  Subscription of “P N Gadgil Jewellers” began on Tuesday, September 10, and ended on Thursday, September 12.

The jewellery retail chain “PN Gadgil Jewellers Ltd” initial public offer was oversubscribed by (59.41) times on the final day of bidding, as per BSE data.

The quota for Qualified Institutional Buyers (QIBs) received a subscription of 136.85 times while the non-institutional investor category was oversubscribed by 56.09 times. Retail Individual Investors (RIIs) saw a subscription of 16.58 times.

PN Gadgil Jewellers IPO raised ₹330 crore from major investors. The issue’s price band has been set at ₹456-480 per share. The lot size for the issue is 31 equity shares, and it can be increased in multiples of 31 equity shares thereafter.

The PN Gadgil Jewellers IPO was fully subscribed within hours of opening for bidding on Tuesday and ended the day with a two-time subscription.