Desk
Share
PN Gadgil Jewellers IPO : PN Gadgil Jewellers' IPO has received a strong response. Its IPO was subscribed 59.41 times. Now it is going to be listed in the stock market on Tuesday, September 17. Before listing, the company's GMP or gray-market premium is quite impressive. This suggests that investors can get good returns on listing. Know further how much is its GMP.
What is the GMP (PN Gadgil Jewellers IPO GMP)
According to IPO Watch, the GMP of P N Gadgil Jewelers is Rs 330. While the final price of shares in its IPO has been fixed at Rs 480. That means its shares can be listed at Rs 810. This can give investors a return of about 69 percent. However, the GMP of a company's shares can fluctuate till listing.
Here are the rest of the details of the IPO
PN Gadgil Jewelers IPO was open for subscription from September 10 to 12. The allotment date of PN Gadgil Jewelers IPO was September 13. Shares of PN Gadgil Jewelers will be listed on both the stock exchanges, BSE and NSE.
The company raised ₹1,100 crore from a book-built issue, which is a combination of a fresh issue of 1.77 crore equity shares worth ₹850 crore and an offer-for-sale (OFS) of 52.08 lakh shares worth ₹250 crore.
Disclaimer: This is mainly information about an upcoming listing, not investment advice. There is risk in the equity market, so invest at your own risk. Do take expert advice before investing.
