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News Details

05/09/2024 15:10

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P N Gadgil Jewellers announces launch of initial public offering

P N Gadgil Jewellers Ltd. has announced public offering of 22916666 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 470.00 per share. The gross proceeds of the issue are expected to be Rs 1,10,000.00 lakhs.

The company's initial public offer (IPO) will open on 10 September 2024 and is expected to close on 12 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 456.00-470.00 per share.

The IPO includes a fresh Issue of 22916666 Equity Shares of the Company at an price of Rs 480.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 31 shares with bids in multiples of 31.

P N Gadgil Jewellers Ltd. anticipates using the proceeds of the issue for .

Motilal Oswal Investment Advisors Private Limited,Nuvama Wealth Management Ltd.,BOB Capital Markets Ltd. as lead manager(s) & Bigshare Services Pvt. Ltd. is the registrar, to the issue.