P N Gadgil Jewellers allots 1.15 crore shares via QIP at Rs 609 each

QIP at a discountFund Raising View source PDF Explain this filing

PNGJL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹658.25

prior close

₹641.70

announcement price

In-mkt

timing

Nifty Microcap 250market+0.4%-1.4% vs market

Gems Jewellery And Watches peers, median of 29sector+0.3%-1.3% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.3 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

+0.7

15m

+0.5

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0+0.4-1.4+0.3-1.3

Next day

+0.0+1.7-1.7+0.7-0.7

-4.3+2.1-6.4-0.0-4.3

-2.3+2.1-4.4+1.3-3.6

-3.2+2.1-5.3+2.2-5.5

-4.4+1.9-6.3+2.7-7.1

-4.9+2.4-7.3-0.0-4.9

15d

-7.9+3.0-11.0+0.8-8.8

-7.4+3.7-11.1+5.3-12.6

-12.9+1.6-14.5+2.7-15.6

-11.7-2.7-9.0+4.0-15.7

UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 29Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.