PN Gadgil Jewellers IPO opens for subscription today. Should you bid?
PN Gadgil Jewellers is set to open for subscription on Tuesday and will be available for investors to bid till September 12. The IPO includes a fresh issue of up to 1.7 crore shares and an offer for sale (OFS) of up to 52 lakh shares by Binod Kumar Agarwal.
The funds raised through the IPO are proposed to be utilised for the funding of expenditure towards setting of 12 new stores in Maharashtra, repayment of debt, and other general corporate purposes.
PN Gadgil Jewellers IPO price band
The company has fixed a price band of Rs 456-480 for the public offer, where investors can bid for 31 shares in one lot.
PN Gadgil Jewellers GMP
The current GMP of PN Gadgil Jewellers is Rs 230 in the unlisted market, indicating a premium of 48% to the issue price.
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PN Gadgil Jewellers IPO review
Analysts advised the investors to subscribe to the IPO as the company enjoys popularity as a household brand in fashion jewellery among
