P N Gadgil Jewellers raises ₹700 crore through QIP
The jewellery retailer completed a ₹700 crore qualified institutional placement at ₹609 per share, a 4.95% discount to the SEBI floor price. The fundraise follows Q1FY27 revenue growth of 40.7% year-on-year to ₹2,413 crore.
Indian jewellery retailer P N Gadgil Jewellers raised Rs 700 crore through a QIP priced at Rs 609 per share. The company also reported strong Q1FY27 growth, with revenue up 40.7% and net profit up 51.9% year-on-year.
Why this matters
The completed QIP follows P N Gadgil Jewellers' launch at a ₹640.69 floor price, after FY26 revenue crossed ₹10,000 crore and Q4 EBITDA margin contracted despite strong revenue growth.
Retail-company signals are accelerating, up 198871% QoQ.