PN Gadgil Jewellers debuts at 74% premium on BSE

PN Gadgil Jewellers Ltd. on Tuesday listed on the BSE at ₹834, a premium of almost 74% to the issue price of ₹480.

But the stock closed at ₹792.80 or about 65% more than the issue price but 4.94% less than the listing price.

“We want to further leverage this platform [exchange] to strengthen our brand and grow more ….and add value to all our stake holders” said Saurabh Gadgil, Managing Director, PN Gadgil Jewellers Ltd. while speaking at the listing ceremony.

PN Gadgil opened bids for its ₹1100 crore IPO on September 10 which closed on September 12.