P N Gadgil Jewellers IPO Allotment Status

Summary

P N Gadgil Jewellers IPO has received a strong response from investors, closing with an impressive subscription of 59.40 times by 12th September 2024 at 5:49:08 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Qualified Institutional Buyers (QIB) category leading the charge. The QIB segment was subscribed 136.85 times, reflecting significant interest from institutional investors.

The Non-Institutional Investors (NII) category demonstrated strong engagement, subscribing 56.08 times, with big NIIs (bids above ₹10L) subscribing 59.11 times and smaller NIIs (bids below ₹10L) subscribing 50.03 times. Retail investors showed moderate interest, with the IPO being subscribed 16.58 times in this category. The Anchor Investors portion was fully subscribed. This strong response across all categories underscores the positive market sentiment towards P N Gadgil Jewellers' offering and suggests optimistic investor expectations for the company's future performance.

Check P N Gadgil Jewellers IPO Allotment Status:

How to Check PN Gadgil Jewellers IPO Allotment Status on the Bigshare Services Site?

Step 1 - Visit the web portal of Bigshare Services Pvt Ltd. (https://www.bigshareonline.com/ipo_Allotment.html)

Step 2 - From the dropdown menu, select P N Gadgil Jewellers IPO.

Step 3 - Choose one of the following three modes: PAN ID, Demat Account number, or Application number

Step 4 - Select "Application Type," then "ASBA" or "non-ASBA."

Step 5 - Enter the information relevant to the mode you have chosen.

Step 6 - For security purposes, fill out the captcha accurately.

Step 7 - Click "Submit."

How do you check PNG Jewellers IPO Allotment Status on BSE?

On the websites of the Bombay Stock Exchange (BSE), investors who placed a bid for the P N Gadgil Jewellers IPO can monitor the allotment status:
For BSE:

Step 1 - Visit this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2 - Select "Equity" in the "Issue Type" dropdown.

Step 3 - Choose "P N Gadgil Jewellers Limited" from the dropdown menu under "Issue Name."

Step 4 - Enter your application number and PAN ID.

Step 5 - Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How do you check the IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

P N Gadgil Jewellers IPO Timeline:

P N Gadgil Jewellers IPO Subscription Status

The P N Gadgil Jewellers IPO received 59.40 subscriptions. By 12th September 2024 at 5:49:08 PM (Day 3), the public issue had been subscribed 16.58 times in the retail category, 136.85 times in the QIB category, and 56.08 times in the NII category.

Subscription Day 3 (As of 5:49:08 pm)
Total Subscription: 59.40 times
QIB: 136.85 times
NII: 56.08 times
Retail investors: 16.58 times

Subscription Day 2
Total Subscription: 7.11 times
QIB: 0.10 times
NII: 16.09 times
Retail investors: 7.28 times

Subscription Day 1
Total Subscription: 2.06 times
QIB: 0.01 times
NII: 3.29 times
Retail investors: 2.71 times

P N Gadgil Jewellers IPO Details

P N Gadgil Jewellers' initial public offering (IPO) is a book built issue amounting to ₹1,100.00 crores. This offering consists of a fresh issue of 1.77 crore shares aggregating to ₹850.00 crores and an offer for sale of 0.52 crore shares aggregating to ₹250.00 crores.

The bidding process for the P N Gadgil Jewellers IPO commenced on 10th September 2024 and concluded on 12th September 2024. The allotment results for this IPO are anticipated to be finalised on 13th September 2024. Furthermore, the shares of P N Gadgil Jewellers are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 17th September 2024.

The P N Gadgil Jewellers IPO price band has been established between ₹456 and ₹480 per share. Investors must apply for a minimum lot size of 31 shares, which requires a minimum investment of ₹14,880 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 14 lots (434 shares), totalling ₹208,320. For big non-institutional investors (bNII), the minimum investment is 68 lots (2,108 shares), amounting to ₹1,011,840.
Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and Bob Capital Markets Limited serve as the book running lead managers for the P N Gadgil Jewellers IPO. Bigshare Services Pvt Ltd is designated as the registrar for this offering.