Fri Sep 13 07:46:49 UTC 2024: ## PN Gadgil Jewellers IPO Oversubscribed by 59 Times
**Pune, India** – The initial public offering (IPO) of PN Gadgil Jewellers Ltd, a leading jewellery retail chain, was a massive success, attracting bids 59.41 times the number of shares on offer. The ₹1,100-crore IPO, which closed on Thursday, September 12, 2024, saw bids for 10,03,11,91,142 shares against 1,68,85,964 shares on offer.
The price band for the offer was set at ₹456-480 per share. Investors can check the status of their IPO applications through the official websites of the Bombay Stock Exchange (BSE) or Bigshare Services Private.
PN Gadgil Jewellers, known for its wide range of gold, silver, platinum, and diamond jewellery, operates through 39 retail stores and online marketplaces. The company’s flagship brand, ‘PNG’, is popular for its diverse designs and price points.
Financial expert Anil Singhvi of Zee Business recommends subscribing to the issue for potential listing gains and long-term growth.
The overwhelming response to PN Gadgil Jewellers IPO signifies strong investor confidence in the company’s future prospects and the Indian jewellery market.
First Piper 