Fri Sep 13 04:57:50 UTC 2024: ## P N Gadgil Jewellers IPO Allotment Expected on Friday, September 13th

**Pune, India – September 12th, 2023** – Investors eagerly await the allotment of shares for the P N Gadgil Jewellers IPO, which concluded its subscription period on Thursday, September 12th. The IPO witnessed an overwhelming response, being subscribed a staggering 59.41 times.

While the basis of allotment is yet to be finalized, the much-anticipated allotment is expected to be announced on **Friday, September 13th, after 8:00 PM (IST)**. Investors can check their allotment status online through the registrar website of Bigshare Services Pvt Ltd, or on the BSE & NSE websites.

P N Gadgil Jewellers, the second largest organized jewelry player in Maharashtra, India, offers a diverse collection of gold, silver, platinum, and diamond ornaments. The company has established a strong presence with 33 outlets across Maharashtra, Goa, and the USA, all operating under a franchisee-owned and company-operated model. This ensures consistent quality and customer service across all locations. With plans to expand further, the company aims to open 12 more stores by Fiscal year 2026.

The IPO’s Grey Market Premium (GMP) saw a decline to around ₹255 after the subscription period ended.

**For any queries regarding the IPO allotment, investors are advised to contact the registrar, Bigshare Services Pvt Ltd.**

**Stay tuned for further updates on the P N Gadgil Jewellers IPO and other upcoming IPOs on IPO Watch.**

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