P N Gadgil Jewellers Ltd announced their IPO today. The fresh issue size of equity shares of face value of Rs 10 each aggregating upto Rs 850 cr .The offer for sale size of equity shares of face value of Rs 10 each aggregating upto Rs 50 cr. The total offer size aggregating upto Rs 1100 cr.The price band is Rs 456 to Rs 480 per equity share.Bid/offer opens on September 10, 2024 and closes on September 12, 2024.
Dr Saurabh Gadgil , CMD P N Gadgil Jewellers speaking on the occasion said “Today is a very emotional and important day for us.It was the dream of my grandfather Dajikaka to be a public listed company. And that dream has come true.”
Speaking on growth and expansion, Dr Saurabh Gadgil said “ The initial focus is to be No 1 in Maharashtra.And then we will take ‘peshwa route’ to Delhi, by opening stores in MP, Chhattisgarh, Jharkhand, Bihar and UP.”
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