PN Gadgil Jewellers' shares will be allotted to successful IPO bidders on 13 September and will be listed on the bourses next week on 17 September.

PN Gadgil Jewellers IPO Opens Today

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PN Gadgil Jewellers' IPO Share Allotment and Listing Dates:  

  - Shares will be allotted to successful bidders on 13 September.  - Shares will be listed on stock exchanges on 17 September.

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IPO Details:

  - PN Gadgil Jewellers launched a Rs 1,100-crore initial public offering (IPO) on 10 September.  - The IPO subscription period runs from 10 to 12 September.

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IPO Details:

  - The company raised Rs 330 crore from anchor investors, including notable names like ICICI Prudential Life Insurance, Tata Mutual Fund, Axis Mutual Fund, HDFC Mutual Fund, and Goldman Sachs (Singapore).

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Other IPOs in the Market:

  - Bajaj Housing Finance, Kross Ltd, and Tolins Tyres are also launching IPOs during the same week.

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Price Band and Valuation:  

  - The IPO price band is set at Rs 456-480 per share.  - The company’s market capitalisation is projected to exceed Rs 6,500 crore post-issu

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Structure of the IPO:

  - The IPO consists of a fresh issue of shares worth Rs 850 crore.  - The promoter, SVG Business Trust, is offering Rs 250 crore worth of shares through an offer for sale (OFS).

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Structure of the IPO:

  - SVG Business Trust holds a 99.9% stake in PN Gadgil Jewellers.

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Use of IPO Proceeds:  

  - Rs 393 crore will be used to open 12 new stores in Maharashtra.  - Rs 300 crore will be allocated towards debt repayment.

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Use of IPO Proceeds:  

  - A portion will be set aside for general corporate expenses.

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Company Financials and Operations:  

  - As of March 2024, PN Gadgil Jewellers had total borrowings of approximately Rs 397 crore.  - The company operates 39 retail stores (as of July 2024) and sells through various online platforms.

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Company Financials and Operations:  

  - It offers a range of jewellery products, including gold, silver, platinum, and diamond, under its flagship brand "PNG" and other sub-brands.

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