PN Gadgil Jewellers IPO Subscription Status: PN Gadgil Jewellers IPO is Open on 10 September 2024 and Close on 12 September 2024. PN Gadgil Jewellers IPO to Raise 22,916,667 shares (Approx ₹1,100.00 Cr) via IPO. The Fresh Issue is 17,708,334 shares (Approx ₹850.00 Cr) and The Offer For Sale is 5,208,333 shares of ₹10 (Approx ₹250.00 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
The PN Gadgil Jewellers IPO is an Mainline IPO and Listed on NSE & BSE. PN Gadgil Jewellers IPO Price Band is Fixed at ₹480 Equity Share. PN Gadgil Jewellers IPO Lot Size is 31 Shares.
Also Read: PN Gadgil Jewellers IPO Details Today, GMP Price, Date, Review
PN Gadgil Jewellers IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 48,24,560 | 66,02,26,623 | 136.85 |
| Non Institutional Buyers (NIIs) | 36,18,421 | 20,29,37,439 | 56.08 |
| BNII | 24,12,281 | 14,25,91,227 | 59.11 |
| SNII | 12,06,140 | 6,03,46,212 | 50.03 |
| Retail Individual Buyers (RIIs) | 84,42,983 | 13,99,55,049 | 16.58 |
| Anchor Investor | 68,74,999 | 68,74,999 | 1 |
| Total | 1,68,85,964 | 1,00,31,19,111 | 59.11 |
PN Gadgil Jewellers IPO Subscription Status day-by-day-
| Categories | 10 Sep | 11 Sep | 12 Sep |
|---|---|---|---|
| QIB | 0.01 | 0.10 | 136.85 |
| NII | 3.29 | 16.09 | 56.08 |
| RII | 2.71 | 7.28 | 16.58 |
| Total | 2.06 | 7.11 | 59.41 |
About IPO :
PN Gadgil Jewellers are primarily sold under our flagship brand, ‘PNG’, and various sub – brands, through multiple channels, including our 33 retail stores (as on December 31, 2023) and various online marketplaces, including our website. we had expanded to 33 stores, which includes 32 stores across 18 cities in Maharashtra and Goa and one store in the U.S. with an aggregate retail area of approximately 95,885 sq. ft.
All our stores are operated and managed by us with 23 being owned stores and 10 franchisee stores, on a franchisee owned and company operated (“FOCO”) model. We believe that the Company operated model allows us to exercise control over the quality of our products and ensure that our customers receive consistent experience and service across all our stores.
19 stores are large format stores (with an area of 2,500 sq. ft. or more), 11 stores are medium format stores (with an area between 1,000 sq. ft. to 2,500 sq. ft.) and 3 stores are small format stores (with an area of less than 1,000 sq. ft.). We plan to further expand our stores network by opening 12 new stores in Maharashtra.
We regularly interact with a team of designers deployed at theKarigars’facilitiesfor introducing new and innovative design for our jewelleries. Our design team also helps customize jewellery catering to individual requirements in terms of design, size, polish and weight. The manufacturing of all our jewellery is carried out by more than 75 experienced and skilled artisans in and outside Maharashtra (Karigars).
PN Gadgil Jewellers holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
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