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PN Gadgil Jewellers IPO gets fully subscribed within few hours of subscription opening | Stock Market News
Source: Live Mint
PN Gadgil Jewellers IPO: On day one of bidding, the initial public offering (IPO) of PN Gadgil Jewellers Limited received a strong response from Indian primary market investors. According to the PN Gadgil Jewellers IPO subscription status, the public issue has been booked more than the shares the jewellery brand offers.
PN Gadgil Jewellers IPO subscription status
According to the information on the BSE website, by 1:42 PM on day one of bidding, the public issue had been booked 1.09 times, the retail portion of the mainboard issue was booked 1.56 times, and the NII segment had been subscribed 1.44 times.
PN Gadgil Jewellers IPO GMP
The public issue was expected to receive a strong response, as the grey market was highly positive on the mainboard IPO. According to stock market observers, shares of the company are available at a premium of ₹240 in the grey market today. This means PN Gadgil Jewellers IPO GMP (Grey Market Premium) today is ₹240, 50 per cent of the upper price band of PN Gadgil Jewellers IPO.
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