The PN Gadgil Jewellers Initial Public Offering (IPO) has generated significant interest from investors. If you participated in the IPO, you’re likely eager to know if you’ve been allotted shares. Here’s what you need to know about the allotment process and the latest updates.
The allotment date for the PN Gadgil Jewellers IPO is expected to be September 13. This is when the company will finalize and announce which investors will receive shares. The IPO was open for subscription from September 10 to September 12. Investors who applied for the shares are now waiting to find out if their applications were successful.
If you’re wondering whether you’ve been allotted shares, here’s how you can check your status:
- Check the Registrar’s Website: The registrar for the PN Gadgil Jewellers IPO is Bigshare Services Pvt Ltd. They have a section on their website where you can check your allotment status.
- Visit the BSE Website: The Bombay Stock Exchange (BSE) also provides a way to check IPO allotment status. You can visit their IPO page and follow the steps to find out if you’ve been allotted shares.
Steps to Check Your Allotment Status
On the BSE Website:
- Go to the BSE IPO page at this link.
- Select ‘Equity’ under Issue Type.
- Choose ‘PN Gadgil Jewellers Limited’ from the Issue Name dropdown menu.
- Enter your Application Number or PAN.
- Click ‘Search’ to view your allotment status.
On the Bigshare Services Website:
- Visit the Bigshare Services IPO status page at this link.
- Select ‘PN Gadgil Jewellers Limited’ from the Company dropdown menu.
- Choose whether you want to enter your Application Number, Beneficiary ID, or PAN.
- Fill in the required details and enter the Captcha code.
- Click ‘Search’ to check your status.
As of today, PN Gadgil Jewellers shares have been trading at a significant premium in the grey market. The Grey Market Premium (GMP) is currently around ₹292 per share. This means that shares are trading ₹292 higher than their issue price before they are officially listed on the stock exchange.
The GMP suggests that the shares might list at a price around ₹772 per share, which is a 61% premium over the issue price of ₹480. This indicates strong demand and positive market sentiment towards the IPO.
The PN Gadgil Jewellers IPO was a major event with high demand. The IPO aimed to raise ₹1,100 crore through a mix of new shares and an offer-for-sale (OFS). The price band for the shares was set between ₹456 and ₹480 per share.
The issue was heavily oversubscribed, with bids received for 100.31 crore shares compared to the 1.68 crore shares offered. The retail segment saw a subscription of 16.58 times, while the non-institutional investors (NII) segment was subscribed 56.09 times. The qualified institutional buyers (QIB) portion was booked 136.85 times, reflecting strong interest from all categories of investors.
If you have been allotted shares, they will be credited to your demat account on September 16. If you were not allotted shares, the refund process will begin on the same day.
Keep an eye on the BSE and registrar websites for the latest updates on your allotment status and any further instructions. The listing date for the PN Gadgil Jewellers shares on the stock exchange is set for September 17.