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PN Gadgil & Sons, a retail gems and jewellery company, has received SEBI’s nod to raise ₹500 crore through an IPO. The Pune-based company filed papers with SEBI for the IPO in May.
Shares of the company will be listed on the BSE and the NSE. HDFC Bank and YES Securities are the book-running lead managers and Link Intime India is the registrar to the issue.
The company caters to a variety of customers across market segments and has a dedicated design team focussed on developing new products and designs that meet customers’ requirements. The company has 23 stores in Maharashtra and one each at Gujarat and Karnataka.
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