The allotment of PN Gadgil Jewellers’ Initial Public Offering (IPO) is set to be finalized today, September 13, 2024. The three-day subscription period concluded yesterday, September 12, 2024. The IPO garnered significant interest from investors, being subscribed 59.4 times, particularly driven by demand from qualified institutional buyers.
Here are some key details about the IPO:
- Subscription Figures: The IPO attracted bids for 100,315,327 shares against 1,688,596 shares available. The Qualified Institutional Buyers (QIBs) oversubscribed their quota 136.85 times, Non-Institutional Investors (NIIs) subscribed 56.09 times, and Retail Individual Investors (RIIs) saw a 16.58 times subscription rate.
- Offer Structure: The IPO included a fresh issue of equity shares worth approximately Rs 850 crore and an offer for sale (OFS) of equity shares up to Rs 250 crore by the promoter SVG Business Trust.
- Next Steps: Investors can check their allotment status today. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 17, 2024.
Investors, who participated in the PN Gadgil Jewellers IPO subscription, can check the allotment status through the NSE, BSE websites and the official portal of the registrar, Bigshare Services Private Ltd.
