PN Gadgil Jewellers IPO to open for subscription on September 10; here is everything you need to know
PN Gadgil Jewellers is all set to launch an initial public offering (IPO) on Tuesday.
PN Gadgil Jewellers—a Maharashtra-headquartered jewellery manufacturer—is set to launch an initial public offering (IPO) on Tuesday, September 10. The IPO, worth an estimated Rs 1,100 crore, comprises fresh issuance and an offer for sale (OFS).
Here are five things to know about the IPO:
Important dates: The IPO will be available for subscription for three trading days from September 10 to September 12.
The basis of allotment will tentatively be finalised on September 13.
The PN Gadgil Jewellers stock is set to list on bourses BSE and NSE tentatively on September 17.
Issue price: Under the IPO, potential investors will be able to bid for PN Gadgil Jewellers shares in the price band of Rs 456-480 per unit.
Lot size: Bids will be allowed in multiples of 31 shares, which translates to Rs 14,136-14,880 per lot.
IPO size: While the fresh issuance is estimated to be worth Rs 850 crore, the OFS is estimated to be worth Rs 250 crore.
Company Profile | What does PN Gadgil Jewellers do?
PN Gadgil is a known jewellery manufacturer based out of Maharashtra.
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