Tue Sep 10 23:19:56 UTC 2024: ## P N Gadgil Jewellers to Raise ₹1,100 Crores Through IPO

**Mumbai, September 05, 2024:** P N Gadgil Jewellers, a leading jewellery retailer, is set to raise ₹1,100 crores through an Initial Public Offering (IPO). The IPO, open for subscription from September 10th to 12th, will include a fresh issue of ₹850 crores and an offer for sale of ₹250 crores. The company’s shares are expected to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 17th.

The IPO price band has been set between ₹456 and ₹480 per share. Retail investors will need a minimum investment of ₹14,880, while small and medium investors (sNII) will need to invest a minimum of ₹208,320.

Founded in 2013, P N Gadgil Jewellers operates under the PNG brand and offers a wide range of precious metal and jewellery products, including gold, silver, platinum, and diamond pieces. The company currently operates 33 stores across India and the United States.

In an exclusive interview with Business Today TV, Saurabh Gadgil, Managing Director of P N Gadgil Jewellers, discussed the IPO’s objectives, financials, debt situation, and future expansion plans.

**[Link to Business Today TV interview]**

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