PN Gadgil Jewellers' shares make stellar debut with 73% premium to list at Rs 830 apiece on NSE

PN Gadgil Jewellers shares were listed at Rs 834 per share, a premium of 73.75 percent against the issue price of Rs 480 per share on the BSE.

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26 Aug, 2025 12:21

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PN Gadgil Jewellers' shares listed at Rs 830 per share on the NSE on Tuesday, September 17 with a premium of 72.91 percent over the issue price. The issue was subscribed 59.41 times on the last day of bidding on September 12.

On the BSE, the shares were listed at Rs 834 per share, a premium of 73.75 percent against the issue price of Rs 480 per share.

The Rs 1,100-crore initial public offer (IPO) of jewellery retail chain PN Gadgil Jewellers Ltd had raised Rs 330 crore from anchor investors. The price band for the offer is Rs 456-480 per share.

The Maharashtra-based company's IPO comprised a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) of equity shares amounting to Rs 250 crore by promoter SVG Business Trust. Currently, SVG Business Trust holds a 99.9 per cent stake in PN Gadgil Jewellers.

From the fresh issue proceeds, Rs 393 crore will be used to fund expenses for setting up 12 new stores in Maharashtra, Rs 300 crore will go towards debt repayment, and a portion will also be allocated for general corporate purposes.

PN Gadgil Jewellers Ltd offers a variety of precious metal/jewellery products, including gold, silver, platinum, and diamond jewellery, catering to different price points and designs.

The company's products are mainly sold under its flagship brand, 'PNG', and various sub-brands through multiple channels, including 39 retail stores (as of July 31, 2024) and various online marketplaces, including websites.

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