PNG Jewellers IPO Shares To Credit On Sept 16 After Allotment, Check Status Online; GMP, Listing Details Here

PNG Jewellers IPO: The gems and jewellery company, whose Rs 1,100 crore IPO oversubscribed with strong demand, is going to credit shares to eligible shareholders for the public issue on September 16. The eligible shareholders were determined after basis of allotment that was carried last week. The IPO is scheduled to debut on BSE and NSE on Tuesday, September 17, 2024.

PNG Jewellers IPO Listing: The IPO will list on September 17, and will be competing against giants such as Titan Company, Kalyan Jewellers, PC Jewellers, Senco Gold, Thangamayil Jeweller, and Tribhovandas Bhimji among others.

The market cap of PNG Jewellers IPO upon listing is expected to e around Rs 6,510 crore.

PNG Jewellers IPO GMP: The latest GMP signals a double-digit gains on the listing day. As per Investo Grain, P N Gadgil Jewellers IPO last GMP is ₹300, last updated Sep 16th 2024 08:59 AM. With the price band of 480.00, P N Gadgil Jewellers IPO's estimated listing price is ₹780 (cap price + today's GMP).The expected percentage gain/loss per share is 62.50%.

PNG Jewellers Allotment: However, before making any gains or losses on the listing day, you first need to know whether you have received PNG Jewellers shares after the IPO.

As per the schedule in the red herring prospectus, PNG Jewellers will credit shares to eligible shareholders' demat accounts on Monday, September 16. On this day, the company will also initiate refunds to those investors who could not be eligible for the shares.

The determining of eligible shareholders was done during the allotment process on September 13.

Here's How To Check Your Eligibility?

There three options to check PNG Jewellers IPO share allotment status. These are BSE, NSE and Bigshare Services Private Ltd.

To check application status on Bigshare Services - Click on the link below.

https://ipo.bigshareonline.com/IPO_Status.html

After selecting PNG Jewellers in the IPO option in the link, add either 'Application No' or 'Beneficiary ID', or 'PAN' - to check the status. Further, add the captcha code for verification and click on 'Search' button for viewing the allotment status. To Check Your Application Status On BSE. Click On the link below:

2. To Check Your Application Status On BSE. Click On the link below:

https://www.bseindia.com/investors/appli_check.aspx

Once directed to the page of IPO allotment of BSE, select ''Equity' under the option of 'Issue Type.' Select PNG Jewellers IPO in the ''Issue Name' dropdown, and enter your PAN card details. Again, to complete the process, add captcha verification and click on 'Search' to view the status of your application.

PNG Jewellers IPO Details: The IPO which opened from September 10, 2024, and closed on September 12, 2024, received an oversubscription of 59.41x,

By the end of FY24, PNG's equity share capital has more than doubled to Rs 118 crore from Rs 55.2 crore in FY23. While net worth has significantly jumped to Rs 534.37 crore versus Rs 365.73 crore in FY23. The company's ROCE is also strong at 27.31% in FY24 versus 23.29% in FY23.

Meanwhile, the company's revenue has significantly jumped to Rs 6,110.94 crore in FY24, as against Rs 4,507.51 crore in FY23. Net profit climbed to Rs 154.34 crore versus Rs 93.7 crore in FY23.