PN Gadgil IPO: Check out Anil Singhvi's view before subscribing to this IPO

PN Gadgil IPO: Jewellery retail chain P N Gadgil Jewellers Ltd has received a good response from investors for its Rs 1,100-crore initial share. 

PN Gadgil IPO: The price band for the offer has been fixed at Rs 456-480 per share.

PN Gadgil IPO: The Maharashtra-based company's IPO is a combination of a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) of equity shares to the tune of Rs 250 crore by promoter SVG Business Trust.

PN Gadgil IPO: Zee Business Managing Editor Anil Singhvi suggests subscribing to the issue for a good listing gain. He said that investors should subscribe for long-term gains.

PN Gadgil IPO: Here are some of the positives mentioned by Anil Singhvi

- Strong promoters background

- Strong presence in Maharashtra

- Strong financial track record

- Valuations reasonable 

PN Gadgil IPO: Here are some of the negatives mentioned by Anil Singhvi

- Heavy focus on Maharashtra 

- Require significant capital for expansion

PN Gadgil IPO: Bids will be allowed in multiples of 31 shares, which translates to Rs 14,136-14,880 per lot. 

PN Gadgil IPO: Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Ltd and BOB Capital Markets Ltd are the book-running lead managers to the issue.

PN Gadgil IPO: The IPO, which opened for subscription on Tuesday, will be available for subscription for three trading days till September 12. 

PN Gadgil IPO: The basis of allotment will be finalised tentatively on September 13.

PN Gadgil IPO: The PN Gadgil Jewellers stock is set to list on bourses BSE and NSE tentatively on September 17.