Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
PN Gadgil Jewellers’ Rs.1,100-Cr IPO subscribed 59.41 times
The initial public offering (IPO) of Pune-headquartered PN Gadgil Jewellers , which opened for subscription on September 10, was subscribed over 59.41x on the final day of bidding. The IPO received 1,00,31,53,273 applications against 1,68,85,964 shares offered.The retail investors' segment was oversubscribed by 16.58 times, with bids totaling 13,99,86,607 shares against the 84,42,983 shares available. The non-institutional investors' category saw a subscription rate of 56.09 times, receiving bids for 20,29,40,043 shares compared to the 36,18,421 shares on offer. The Qualified Institutional Buyers (QIB) portion of the book-building issue was subscribed 136.85 times, with bids for 66,02,26,623 shares against the 48,24,560 shares available.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.