PNG Jewellers Shares Hit 10% Lower Circuit

PN Gadgil Jewellers shares today hit 10% lower circuit on BSE to settle at Rs 696.55 per share. Meanwhile, PNG Jewellers shares slipped 8.21% on NSE to 707.95 apiece. PN Gadgil Jewellers shares made stellar debut on the bourses on Tuesday with a premium of 73%. PN Gadgil Jewellers shares were listed at Rs 834 on BSE and Rs 830 on NSE as against the issue price of Rs 480.

Before the listing, PN Gadgil Jewellers shares traded with a strong GMP (grey market premium) of 63% to the issue price. PN Gadgil Jewellers has a market capitalisation of Rs 9,452.76 crore on BSE and the market cap on NSE stood at Rs 9607.47 crore.

PN Gadgil Jewellers Shares Performance: The 52-week high price of PN Gadgil Jewellers shares on BSE is Rs 843.80 (as on 17/09/2024) and 52-week low price is Rs 693.80 per share (as on 19/09/2024), respectively. PN Gadgil Jewellers shares traded 52-week high on September 17, September 18, and September 19. PN Gadgil Jewellers shares opened at Rs 770.15 in trade today on BSE, touched day's high of Rs 771.00 per share and day's low of Rs 693.80 per share.

PN Gadgil Jewellers was closed on September 12, 2024 amid robust interest from investors. The IPO of PN Gadgil Jewellers received a strong response from investors and it was subscribed 59.4 times amid demand from qualified institutional buyers. The IPO comprised of a fresh issue of equity shares approximately Rs 850 crore and an offer for sale (OFS) of equity shares of upto Rs 250 crore by promoter SVG Business Trust.

About PN Gadgil Jewellers: P. N. Gadgil & Sons Ltd. is one of the oldest and most reputed Jewellers in Maharashtra. It has a legacy of over six generations that is built on trust, excellence and a warm relationship with the customers and the society. Apart from purity and transparency, P. N. Gadgil & Sons Ltd. is known for excellence in craftsmanship. For P. N. Gadgil & Sons Ltd. all customers are equal irrespective of purchase. Our focus on innovation and on changing with the times has kept us at the forefront of jewellery retail sector in Maharashtra, according to its official website.