PNGJL QIP closes at Rs 609 per share, 4.95 percent below floor price
PNGJL · price
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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.
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P N Gadgil Jewellers has closed its Qualified Institutional Placement, allotting 1,14,94,252 equity shares at Rs 609 each to eligible institutional buyers. This is a 4.95 percent discount of Rs 31.69 to the floor price of Rs 640.69, but represents a premium of Rs 599 over the face value of Rs 10. Total issue size works out to roughly Rs 700 crore. The issue opened on July 30, 2026 and closed on August 03, 2026, with the Executive Committee approving allocations and the placement document on closing day.
About Rs 700 crore raised from institutions, bringing in growth capital but also leading to equity dilution for existing shareholders.