Subscription for PN Gadgil Jewelers IPO closed yesterday. Its share allotment is likely to be finalized today. Investors will get shares on the basis of lottery and the entire process will be monitored by the registrar. Applicants can check the allotment status through BSE or by visiting the registrar's website.

How to check allotment status on BSE

If you have applied for PN Gadgil Jewelers IPO, then how can you check the status on BSE or Registrar's website. For this you have to do this...
Step 1: Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)
Step 2: Please select the name of the issue, i.e. the name of the company in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.

You can also check the Registrar's website

The registrar for PN Gadgil Jewellers IPO is BigShare Services. You can visit its website and follow these steps…
Step 1: Visit Link Intime India website (https://www.bigshareonline.com/ipo_Allotment.html)
Step 2: Select PN Gadgil Jewellers IPO
Step 3: Enter PAN details and click on search to check the status

When will the shares of PN Gadgil Jewelers be listed

The company's shares are expected to be listed on the stock exchanges on September 17. Currently in the unlisted market, the company's shares are trading with a GMP of Rs 333, which is 70% higher than the issue price.

How much subscription was received

PN Gadgil Jewellers' initial public offering (IPO) received a good response from investors. The IPO received an overall subscription of 59 times. PN Gadgil Jewellers is ranked second among leading organized jewellery companies in Maharashtra in terms of number of stores as of January 2024. Based on revenue growth between FY 22-2023, the company is also the fastest-growing jewellery brand among leading organized jewellery companies in India. Motilal Oswal Investment Advisors, Nuvama Wealth Management (formerly Edelweiss Securities) and BOB Capital Markets are the book-running lead managers to the issue.