PN Gadgil Jewellers IPO Subscription – Live Status

Last updated on September 13, 2024

PN Gadgil Jewellers IPO subscription started on 10 September 2024 and will close on 12 September 2024. PN Gadgil Jewellers plans to raise around INR 1,100 crores via the IPO. The price band is fixed at INR 456 – 480 per share. PN Gadgil Jewellers IPO market lot has 31 shares and the minimum application amount is INR 14,880. The retail quota is 35%, QIB is 50% and NII is 15%.

Check PN Gadgil Jewellers IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find PN Gadgil Jewellers IPO subscription status segregated by days and investor categories.

PN Gadgil Jewellers IPO Subscription Status – Live Updates

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

PN Gadgil Jewellers – Business Background

Established in 1832, the company has a strong legacy and rich heritage. PN Gadgil operates 39 stores across Maharashtra, Goa, and the U.S., and offers a diverse product portfolio of gold, silver, platinum, and diamond jewelry under its flagship brand, ‘PNG‘.

The company has a strong focus on Maharashtra and plans to take its store count to 120 over the next 5-7 years. The new stores are likely to be opened in Maharashtra on a Hub and Spoke model and the company has ruled out any random expansion.

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Investor Categories in PNG Jewellers IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the PN Gadgil Jewellers IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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PN Gadgil Jewellers IPO Subscription Status FAQs