P N Gadgil Jewellers IPO GMP History
P N Gadgil Jewellers IPO has been listed on September 17, 2024 at a listing price of ₹830, against the issue price of ₹480 — a gain of ₹350 (+72.92%). The GMP peaked at ₹315 on 14 September 2024 and reached a low of ₹175 on 7 September 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
P N Gadgil Jewellers IPO raised ₹1100 Cr. through its IPO at a price band of ₹456 to ₹480 per share, with a lot size of 31 shares. The IPO was open for subscription from 10 Sep 2024 to 12 Sep 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:54 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 16 Sep 2024 | ₹ 300 | ▼ | 62% | — | — |
| 14 Sep 2024 | ₹ 315 | ▲ | 66% | — | — |
| 13 Sep 2024 | ₹ 300 | ▲ | 62% | — | — |
| 12 Sep 2024 | ₹ 250 | ▲ | 52% | — | — |
| 11 Sep 2024 | ₹ 240 | ▲ | 50% | — | — |
| 10 Sep 2024 | ₹ 225 | ▲ | 47% | — | — |
| 09 Sep 2024 | ₹ 200 | ▲ | 42% | — | — |
| 07 Sep 2024 | ₹ 175 | ▼ | 36% | — | — |
| 06 Sep 2024 | ₹ 200 | — | 42% | — | — |
P N Gadgil Jewellers IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 10 Sep 2024
- Close 12 Sep 2024
- Allotment 13 Sep 2024
- Refund/credit 16 Sep 2024
- Listing 17 Sep 2024
P N Gadgil Jewellers IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹480 |
|---|---|
| GMP-based estimate (pre-listing) | ₹780 (+62.5%) |
| Listing gain / loss | +₹350 per share |
| Listing date | 17 Sep, 2024 |
| Actual listing price | ₹830 (+72.92%) |
Is P N Gadgil Jewellers IPO GMP reliable?
Grey market premium for P N Gadgil Jewellers IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the P N Gadgil Jewellers IPO full review for a fundamentals-based assessment before making any grey market trades.
P N Gadgil Jewellers IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for P N Gadgil Jewellers IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About P N Gadgil Jewellers IPO
P N Gadgil Jewellers Limited was incorporated as P N Gadgil Jewellers Private Limited on 28 October 2013. As per the RHP, it is the second largest organised retail jewellery player and one of the fastest growing brands in Maharashtra.
It sells gold, silver, platinum and diamond jewellery through its stores, mainly in Maharashtra, and also online.
Its promoters are Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil and SVG Business Trust.
The IPO was Rs 1,100 crore, with Rs 850.00 crore of fresh issue and Rs 250.00 crore of offer for sale by SVG Business Trust. Rs 392.57 crore was planned for 12 new stores in Maharashtra and Rs 300.00 crore for repaying borrowings.
Frequently asked
What is the GMP of P N Gadgil Jewellers IPO?
The current Grey Market Premium (GMP) of P N Gadgil Jewellers IPO is ₹ 300.
What is the Kostak Price of P N Gadgil Jewellers IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for P N Gadgil Jewellers IPO is not available.
What is the Subject to Sauda Price of P N Gadgil Jewellers IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of P N Gadgil Jewellers IPO?
P N Gadgil Jewellers IPO listed on September 17, 2024 at ₹830, against the issue price of ₹480 — a gain of +72.92%.
How did the GMP of P N Gadgil Jewellers IPO trend before listing?
The GMP of P N Gadgil Jewellers IPO was falling in its final days before listing. The GMP peaked at ₹315 on 14 September 2024. View the day-wise table above for the complete GMP history.
Explore P N Gadgil Jewellers IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
