P N Gadgil Jewellers Ltd. announced their initial public offering today. The fresh issue size of equity shares with a face value of Rs 10 apiece totals up to Rs 850 crore.The offer for sale consists of equity shares with face values of Rs 10 each, totaling up to Rs 50 crore. The entire offer size is up to Rs 1100 crore.The pricing range is Rs 456 to Rs 480 per equity share.Bid/offer period begins on September 10, 2024 and ends on September 12, 2024.
Speaking on the event, Dr Saurabh Gadgil, CMD of P N Gadgil Jewellers, stated, “Today is a very emotional and momentous day for us.It was my grandfather Dajikaka‘s desire to have a publicly traded corporation. And the dream has come true.”
Dr. Saurabh Gadgil, speaking about growth and expansion, stated, “The primary objective is to be number one in Maharashtra.And then we’ll continue the ‘peshwa path’ to Delhi, opening outlets in Madhya Pradesh, Chhattisgarh, Jharkhand, Bihar, and Uttar Pradesh.”