Fri Sep 13 07:57:11 UTC 2024: ## PN Gadgil Jewellers IPO Allotment Expected Today, Strong Subscription Despite Bajaj Housing Finance Buzz

**Pune, September 13, 2024:** The allotment of shares for the PN Gadgil Jewellers IPO is set to be finalized today, Friday, September 13th. Investors who applied for the IPO will receive notifications regarding their allotment via SMS, email, or their banking apps. Funds are expected to be debited or mandates released by Monday or over the weekend.

Despite being overshadowed by the high-profile Bajaj Housing Finance IPO, PN Gadgil Jewellers saw a strong response from investors, receiving a subscription of 59.41 times. The IPO received bids worth a staggering Rs 48,149.72 crore for its Rs 1,100 crore public offering.

The Grey Market Premium (GMP) for PN Gadgil Jewellers IPO has been on the rise, currently standing at Rs 333 per share. This indicates a potential listing price of around Rs 813, offering investors a potential return of 69.38% from the issue’s upper price band of Rs 480.

Investors can check their allotment status online through the BSE allotment status page or the Bigshare Services Pvt Ltd website. The shares of PN Gadgil Jewellers Ltd are scheduled to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Tuesday, September 17, 2024.

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