P N Gadgil Jewellers has launched its IPO today, aiming to raise ₹1,100 crore. The shares are priced between ₹456 and ₹480, with a minimum lot size of 31 shares for retail investors.
The IPO includes a fresh issuance of shares worth ₹850 crore and an offer for sale of ₹250 crore from promoter SVG Business Trust. The funds will be used to expand the business, including opening 12 new stores in Maharashtra. The IPO is open for bidding until Friday, September 12.