Gold Jewellery - Listed on 17 September 2024
P N Gadgil Jewellers (Gold Jewellery) closed its IPO window in 2024 and listed on NSE and BSE on 17 September 2024 at an upper band issue price of Rs 480, opening at Rs 793.3 for a listing gain of +65.3% and closing day one at Rs 793.3 (+65.3% on closing basis). The IPO was subscribed 59.41x overall - QIB 136.85x, HNI/NII 56.08x, Retail 16.58x. The total issue size was Rs 1,100 Cr (Fresh Issue Rs 850 Cr, OFS Rs 250 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Gold Jewellery
P N Gadgil Jewellers operates in the Gold Jewellery space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The P N Gadgil Jewellers issue was offered at an upper price of Rs 480 and raised approximately Rs 1,100 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 175 | +41.67% |
| Day 2 | Rs 200 | +47.92% |
| Day 3 | Rs 225 | +52.08% |
| Day 4 | Rs 240 | +58.33% |
| Day 5 | Rs 250 | +62.50% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the P N Gadgil Jewellers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
P N Gadgil Jewellers IPO listed at +65.3% versus the upper issue price of Rs 480 on 17 September 2024.
P N Gadgil Jewellers IPO was subscribed 59.41x overall. QIB portion was subscribed 136.85x, HNI / NII 56.08x and Retail 16.58x.
IPO GMP started at Rs 175 on Day 1 and moved to Rs 250 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.