P N Gadgil Jewellers Limited has successfully completed a Qualified Institutions Placement (QIP), raising a significant amount of ₹7000 million. The Executive Committee approved the allotment of 1,14,94,252 Equity Shares at an issue price of ₹609.00 per share. This issuance has consequently increased the company’s paid-up equity share capital to ₹1,472.02 Millions, comprising 14,72,02,585 Equity Shares.
P N Gadgil Jewellers Completes QIP
In a significant financial maneuver, P N Gadgil Jewellers Limited announced the successful completion of its Qualified Institutions Placement (QIP). This move aims to bolster the company’s capital base and support its growth initiatives. The QIP, which opened on July 30, 2026, and closed on August 03, 2026, has been approved by the Executive Committee.
Key Figures from the Placement
The Executive Committee, in its meeting held on August 04, 2026, approved the allotment of 1,14,94,252 Equity Shares. These shares were offered at an issue price of ₹609.00 per Equity Share, which includes a premium of ₹599.00 per share. A discount of ₹31.69, equivalent to 4.95% of the floor price, was also factored into the pricing as per SEBI ICDR Regulations. The total amount raised from this QIP is ₹7000 million (Rupees Seven Thousand Million only).
Impact on Share Capital
Following the allotment of Equity Shares under the QIP, P N Gadgil Jewellers Limited has seen an increase in its paid-up equity share capital. The capital has grown from ₹1,357.08 Millions (representing 13,57,08,333 Equity Shares) to ₹1,472.02 Millions (representing 14,72,02,585 Equity Shares). This capital infusion strengthens the company’s financial standing.
Allottees Information
A list of allottees who have received more than 5% of the Equity Shares offered in the QIP has been provided as Annexure A. This includes entities such as BNP PARIBAS FINANCIAL MARKETS – ODI, MORGAN STANLEY ASIA SINGAPORE PTE – ODI, TATA AIG GENERAL INSURANCE COMPANY LIMITED, FLC INVESTCO LLC, ASTORNE CAPITAL VCC ARVEN, and BANDHAN SMALL CAP FUND.
Meeting Details
The Executive Committee meeting commenced at 10:30 A.M. and concluded at 11:05 A.M. on August 04, 2026.
Source: BSE
