P N Gadgil Jewellers Completes Qualified Institutions Placement Raising ₹7000 Million
P N Gadgil Jewellers Limited has concluded the allotment of equity shares under its Qualified Institutions Placement (QIP). The company approved the issue and allotment of 1,14,94,252 Equity Shares to eligible Qualified Institutional Buyers (QIBs) at an issue price of ₹609.00 per Equity Share.The QIP was conducted between July 30, 2026, and August 03, 2026. The Executive Committee of P N Gadgil Jewellers Limited approved the allotment on August 04, 2026.
Financial Details of the Issue
The placement generated a total aggregate amount of ₹7000 Million for the company. This transaction details the issuance parameters:
| Metric | Detail |
|---|---|
| Type of Issuance | Qualified Institutions Placement (QIP) |
| Total Shares Issued | 1,14,94,252 Equity Shares |
| Face Value per Share | ₹10.00 |
| Issue Price | ₹609.00 per Equity Share |
| Premium on Issue | ₹599.00 per Equity Share |
| Total Amount Raised | ₹7000 Million |
Impact on Capital Structure
The successful allotment of the QIP led to an increase in the company's paid-up equity share capital. Prior to the issue, the Company's paid up equity share capital stood at ₹1,357.08 Millions, consisting of 13,57,08,333 Equity Shares. Following the placement, the paid up equity share capital rose to ₹1,472.02 Millions, supported by a total of 14,72,02,585 Equity Shares.
Major Allotees in QIP
The QIBs and institutional investors participated significantly in the issue. The following table details the major allottees who acquired more than 5% of the equity shares offered in the placement:
| Name of the Allottee | No. of Equity Shares Allotted | % of Total Equity Shares Offered | Category |
|---|---|---|---|
| TATA AIG GENERAL INSURANCE COMPANY LIMITED | 17,79,640 | 15.48% | QIB - Insurance Companies |
| BANDHAN SMALL CAP FUND | 18,00,000 | 15.66% | MUTUAL FUND - MF |
| BNP PARIBAS FINANCIAL MARKETS - ODI | 10,67,325 | 9.29% | FOREIGN PORTFOLIO INVESTOR (CORPORATE) - CATEGORY I |
| FLC INVESTCO LLC | 9,85,222 | 8.57% | FOREIGN PORTFOLIO INVESTOR (CORPORATE) - CATEGORY I |
| ASTORNE CAPITAL VCC ARVEN | 8,21,019 | 7.14% | FOREIGN PORTFOLIO INVESTOR (CORPORATE) - CATEGORY I |
| MORGAN STANLEY ASIA SINGAPORE PTE - ODI | 6,56,815 | 5.71% | FOREIGN PORTFOLIO INVESTOR (CORPORATE) - CATEGORY I |
The total of the aforementioned major allottees amounted to 71,10,021 shares, representing 61.85% of the entire issue.
PNGJL Stock Price Movement
As of 12:13 PM, shares of P N Gadgil Jewellers Limited are slipping by 2.26% in live trading, currently standing at ₹643.15 after shedding ₹14.90 on the day. The stock traded 218,180 shares during the current session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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