P N Gadgil to launch its IPO to raise Rs 1000 crore P N Gadgil Jewellers share price is between Rs 456 and Rs 480 and is planning to expand by opening 12 new stores in Maharashtra
P N Gadgil Jewellers Ltd, today made its debut in the Indian jewellery industry with an IPO which will open on Friday, 12th September with a price band set between ₹456 and ₹480, and a minimum lot size of 31 shares for retail investors
In the IPO of P N Gadgil Jewellers, 35 percent has been allotted to retail investors, 50 percent to qualified institutional buyers (QIBs) and only 15 percent to non-institutional investors (NIIs).
The funds raised will be used in key areas of, Setting up 12 new stores in Maharashtra. repaying existing borrowings in part or in full or in part and general corporate purposes.
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