P N Gadgil Jewellers Ltd (NSE: PNGJL): The share of P N Gadgil Jewellers Ltd, a company that recently entered the stock market, have seen a huge surge. The share of P N Gadgil Jewellers Ltd rose 10 percent to Rs 806.45 on Monday on the Bombay Stock Exchange (BSE).
This surge in the company’s share came after the announcement of plans to open new stores. PN Gadgil Jewelers will open 9 stores during this Navratri festival.
IPO Came At Rs 480, Shares Crossed 800 In 5 Days
The share price in the IPO of P N Gadgil Jewellers Ltd was Rs 480. This company’s IPO was open to subscriptions on the 10th of September 2024 and was open until 12 September.
The share of the company was traded by BSE in 2024 on September 17, for 834 rupees. The share of the company closed in the range of 792.80 during the date of launching.
The company’s share was traded at the price of Rs 802.10 on September 24, 2024. The total value of the issue that was publicized by PN Gadgil Jewelers was up to 1100 crore rupees.
More Than 59 Times Bets Were Placed On The Company’s IPO
P N Gadgil Jewellers Ltd’ IPO was subscribed a total of 59.41 times. The retail investor quota for the firm’s IPO was redeemed 16.58 times.
However, 56.08 times bets were placed in the non-institutional investment (NII) category. While the Qualified Institutional Buyers category got 136.85 times subscription.
In the IPO for PN Gadgil Jewelers, retail investors were able to bet one lot or less and up to 13 lots.
There were 31 shares in one lot of the IPO. That is, retail investors had to invest 14880 rupees for one lot of the IPO.
Quick Fact
| Company name | P N Gadgil Jewellers |
|---|---|
| IPO price | ₹480 |
| Public issue value | ₹1100 crore |
| Total IPO subscription | 59.41 times |
| Retail investor quota | 16.58 times |
| NII quota subscription | 56.08 times |
| QIB subscription | 136.85 times |
| Lot size in IPO | 31 shares |
| Investment for 1 lot | ₹14880 |
| Date of IPO subscription started | 10 September 2024 |
| Date of IPO subscription closed | 12 September 2024 |
| Share price on listing day (17 Sept 2024) | ₹834 |
| Share price on 24 Sept 2024 | ₹802.10 |
| Total new stores planned | 9 stores |
| Store opening during | Navratri festival |
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