What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the P N Gadgil Jewellers Limited IPO allotment date?

The basis of allotment for P N Gadgil Jewellers Limited IPO is scheduled to be finalized on 13 Sep 2024.

Where can I check P N Gadgil Jewellers Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 14 Sep 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

P N Gadgil Jewellers Limited

ListedMainboard

Consumer Discretionary / Lifestyle · NSE / BSE

P N Gadgil Jewellers Limited, established in 2013, offers a wide range of gold, silver, platinum, and diamond jewelry under its well-known “PNG” brand. By December 31, 2023, the company had expanded to 33 stores—32 located across 18 cities in Maharashtra and Goa, and one in the US—covering a total retail area of 95,885 sq. ft. Operating through both company-owned and FOCO models, the stores range from large to small formats to cater to different markets. The brand offers 8 gold jewelry sub-brands, 2 diamond collections, and 2 platinum collections, along with customized jewelry services. As of September 30, 2023, the company employed 1,152 people.

Price Band

₹456 – ₹480

Issue Size

₹1100 Cr

Lot Size

31 shares

GMP

₹303.5

+63.2%

Est. Listing

₹783.5

at current GMP

Subscribed

62.53x

overall

Open

10 Sep 2024

12 Sep 2024

Allotment

13 Sep 2024

Refund

14 Sep 2024

Demat Credit

15 Sep 2024

Listing

17 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

P N Gadgil Jewellers Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

13 Sep 2024

Basis finalization

Refunds Initiate

14 Sep 2024

Mandate release

Demat Credit

15 Sep 2024

Shares in demat

Listing Debut

17 Sep 2024

Trading begins

About P N Gadgil Jewellers Limited Public Issue & Market Profile

P N Gadgil Jewellers Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Lifestyle sector with an aggregate issue size of ₹1,100 Crores. The shares are offered at a price band of ₹456 to ₹480 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-09-12, the basis of allotment is scheduled to be finalized on 2024-09-13. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.