PN Gadgil Jewellers IPO: Shares in PN Gadgil Jewellers IPO are expected to be allotted today. Here’s how you can check the status

The allocation of shares PN Gadgil Jewelers IPO The transaction is likely to be finalized today. Investors will receive shares through a draw, and the entire process will be supervised by the registrar. On the allotment date, investors will learn how many shares they will be allocated compared to the bids made.

You can check the status of the allotment through the BSE or by visiting the registrar’s website. Here is how you can check the status on the BSE or even on the registrar’s website.

First, here’s how you can find out your BSE status

Step 1:Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)Step 2:Select the issue name, i.e. the company name from the drop-down menu.Step 3:Enter the application number or PAN number to check the allotment status.

To check the status of PN Gadgil Jewellers IPO awarded through the registrar, which is Bigshare Services In this case, please follow the steps below.

Step 1:Visit Link Intime India website (https://www.bigshareonline.com/ipo_Allotment.html)

Step 2: Select PN Gadgil Jewelers IPO

Step 3:Enter the PAN details and click on search to know the status

Jewelers PN Gadgil GMP

The company’s shares are expected to be listed on the stock exchanges on September 17. In the unlisted market, the company’s shares are trading at a GMP of Rs 333, which translates to a 70% premium over the issue price.

Subscription to PN Gadgil Jewellers IPO

PN Gadgil Jewellers’ initial public offering (IPO) received a good response from investors with an overall subscription of 59 times at closing.

PN Gadgil Jewellers is the second largest among the leading organised jewellery players in Maharashtra in terms of number of stores as of January 2024.

The company is also the fastest growing. jewelry brand among the leading organised jewellery players in India, based on revenue growth between FY21 and FY23.

It achieved an EBITDA growth of 56.5% between FY21 and FY23, as well as the highest revenue per square foot in FY23, which was the highest among major organised jewellery players in India.

The company has expanded to 33 stores, including 32 stores across 18 cities in Maharashtra and Goa and one store in the US with a total retail area of ​​approximately 95,885 sq ft, as of December 2023.

Additionally, Gadgil also launched its mobile app “PNG Jewellers” in March 2022, which enables them to keep customers updated about new designs and collections and familiarize them with the product portfolio.

In FY23, the company’s revenue from operations grew 76% YoY to Rs 4,507 crore and profit after tax rose 35% to Rs 94 crore. For the year ended March 2024, revenue from operations stood at Rs 6,110 crore and PAT stood at Rs 154 crore.

Motilal Oswal Investment advisors, Nuvama Asset Management (formerly Edelweiss Securities) and BOB Capital Markets are the lead managers for the issue.

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