Announced Tue, 4 Aug · 11:15 IST
P N Gadgil Jewellers allots 1.15 crore shares via QIP at Rs 609 each
PNGJL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹658.25
prior close
₹641.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.7+0.5+0.4+0.0-4.3-2.3-3.2-4.4-4.9-7.9-7.4——
Up moveDown movePending
AI summary
P N Gadgil Jewellers has allotted 1,14,94,252 equity shares at Rs 609 each through a Qualified Institutions Placement, raising Rs 7,000 million. The issue price carries a 4.95 percent discount to the floor price. Marquee allottees include BNP Paribas, Morgan Stanley Asia Singapore, Tata AIG General Insurance, Bandhan Small Cap Fund, and FLC Investco. Paid-up equity capital rose to Rs 1,472 million from Rs 1,357 million.
Likely market impact
Raises Rs 700 crore from top-tier institutional investors; around 8.5 percent dilution but signals strong institutional confidence.