PN Gadgil Jewellers IPO Listing Expected on September 17
PN Gadgil Jewellers IPO: After the announcement of the PN Gadgil Jewellers IPO allotment status, both allottees and stock market observers are eagerly anticipating the IPO listing date, which is expected to be on September 17, 2024. As per the 'T+3' listing rule, a company must list its shares within three working days after the subscription period ends. Since the bidding for the PN Gadgil Jewellers IPO closed on September 12, the shares are set to be listed on September 17.
PN Gadgil Jewellers IPO Grey Market Premium (GMP)
Ahead of the listing date, shares of PN Gadgil Jewellers are trading at a premium in the grey market. The current Grey Market Premium (GMP) is Rs.301, indicating strong demand. However, this is Rs.29 lower than Friday's GMP of Rs.330, which can be attributed to weaker market sentiment. Despite the dip, the current GMP still signals a strong potential for a premium listing.
Expected Listing Price for PN Gadgil Jewellers IPO
Based on the current GMP of Rs.301, stock market observers predict that PN Gadgil Jewellers' IPO listing price may be around Rs.781 (Rs.480 issue price + Rs.301 GMP). This suggests a possible 63% gain for allottees on their investment.
Expert Caution on Grey Market Premium
Stock market experts advise caution when considering the Grey Market Premium as an indicator of listing performance. They emphasize that the grey market is unregulated and does not reflect the company's financial health.
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Investors are encouraged to focus on the company's fundamentals and make informed decisions based on their analysis of PN Gadgil Jewellers' financial performance.
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