Jewellery Retail Giant PN Gadgil Impresses with a High-Value IPO, Opening Strong on NSE and BSE
PN Gadgil Jewellers made a dazzling debut in the stock market, with shares listing at Rs 830 on NSE, a 72.91% premium over the issue price of Rs 480. On the BSE, shares were listed at Rs 834, marking a stellar 73.75% premium. The company’s Rs 1,100 crore IPO garnered significant attention, subscribed 59.41 times. The proceeds will be used to expand stores and repay debt, solidifying its stronghold in the jewellery market.
