PN Gadgil Jewellers IPO Listing: Shares of jewellery company PN Gadgil Jewellers made a grand entry in the domestic market today. Its IPO received more than 59 times the overall bid. Shares were issued at a price of Rs 480 under the IPO. Today it entered at Rs 834 on BSE and Rs 785.00 on NSE, that is, IPO investors got more than 73 percent listing gain (PN Gadgil Jewellers Listing Gain). However, the happiness of IPO investors faded in a short time when the shares fell. After falling, it came down to Rs 820.05 (PN Gadgil Jewellers Share Price) on NSE, that is, IPO investors are now in 70.84 percent profit.

PN Gadgil Jewelers IPO got a strong response

PN Gadgil Jewelers' ₹1,100.00 crore IPO was open for subscription from 10-12 September. This IPO received a tremendous response from investors and was subscribed 59.41 times overall. In this, the portion reserved for Qualified Institutional Buyers (QIB) was subscribed 136.85 times, the portion for Non-Institutional Investors (NII) was subscribed 56.08 times and the portion for retail investors was subscribed 16.58 times. New shares worth Rs 850.00 crore have been issued under this IPO. Apart from this, 52,08,333 shares with a face value of Rs 10 have been sold under the Offer for Sale window. The money from the Offer for Sale will be received by the shareholders selling the shares. At the same time, the company will use the money raised through new shares to open 12 new stores in Maharashtra, repay debt and for general corporate purposes.

About PN Gadgil Jewellers

PN Gadgil Jewellers, formed in the year 2013, sells gold, silver, platinum and diamond jewellery in various price ranges and designs under the PNG brand name. As per the data till December 2023, it has 33 stores, out of which 32 stores are in 18 cities of Maharashtra and Goa and one store is in the US. Out of these, 23 stores are owned by the company and 10 stores are under franchise. Talking about the financial health of the company, it has continuously strengthened. In the financial year 2022, it had a net profit of Rs 69.52 crore, which jumped to Rs 93.7 crore in the next financial year 2023 and reached Rs 154.34 crore in the financial year 2024. During this period, the company's revenue grew at a compound growth rate (CAGR) of more than 53 per cent annually to Rs 6,119.1 crore.