Fri Sep 13 08:17:15 UTC 2024: ## PN Gadgil Jewellers IPO Over-Subscribed by 59 Times, Investors Eager for Listing Gains

**Pune, India – September 12, 2024:** The initial public offering (IPO) of PN Gadgil Jewellers Ltd, a leading jewellery retailer in India, has received an overwhelming response from investors, closing with a 59.41 times subscription on the final day of bidding. The ₹1,100 crore offer, which priced shares between ₹456-480, garnered bids for 1,00,31,19,142 shares against the 1,68,85,964 shares offered.

Investors can check the allotment status of their application through two methods:

**1. BSE Website:**
– Visit bseindia.com/investors/appli_check.aspx
– Select ‘Equity’ under ‘Issue Type’
– Choose ‘Issue Name’ as ‘PN Gadgil Jewellers’
– Enter application number or PAN details for verification

**2. Bigshare Services Private Website:**
– Visit https://ipo.bigshareonline.com/IPO_Status.html
– Select ‘PN Gadgil Jewellers’
– Enter PAN details
– Click on the ‘Search’ option

PN Gadgil Jewellers is known for its diverse range of gold, silver, platinum and diamond jewellery, offering a wide selection of designs and price points. The company primarily operates under its flagship brand ‘PNG’, with an extensive retail network of 39 stores and online presence on various marketplaces.

Zee Business Managing Editor Anil Singhvi, a prominent financial commentator, has suggested subscribing to the issue, citing strong potential for listing gains and long-term growth prospects for the company.

The overwhelming subscription to the IPO indicates strong investor confidence in the future of PN Gadgil Jewellers, making it a highly anticipated listing in the coming weeks.

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