Investment4 Aug 2026, 11:16 am
P N Gadgil Jewellers Allots 1.15 Cr Equity Shares for ₹700 Cr via QIP
AI Summary
P N Gadgil Jewellers Ltd announced the successful allotment of 1,14,94,252 Equity Shares to eligible Qualified Institutional Buyers (QIBs) at an issue price of ₹609.00 per share. This Qualified Institutions Placement (QIP) raised ₹7000 million (₹700 crore). The issuance increased the company's paid-up equity share capital from ₹1,357.08 million to ₹1,472.02 million. The issue opened on July 30, 2026, and closed on August 03, 2026. Key allottees include Tata AIG General Insurance Company Limited (15.48%), Bandhan Small Cap Fund (15.66%), BNP Paribas Financial Markets (9.29%), FLC Investco LLC (8.57%), and Astorone Capital VCC Arven (7.14%).
Key Highlights
- Allotted 1,14,94,252 equity shares via QIP.
- Raised ₹7000 million at ₹609.00 per share.
- Paid-up capital increased to ₹1,472.02 million.
- Major allottees include Tata AIG and Bandhan Small Cap Fund.
- The QIP was approved by the Executive Committee on August 4, 2026.
Price Impact
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