The P N Gadgil Jewellers IPO will open on September 10, 2024, and will close on September 12, 2024. Furthermore, this IPO will be a Book Built Issue, aiming to raise approximately ₹1,100 crores. It includes a fresh issue of ₹850 crores, along with an offer for sale of up to ₹250 crores, comprising 5,208,333 equity shares with a face value of ₹10 each.
Table of contents
- P N Gadgil Jewellers IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- P N Gadgil Jewellers IPO GMP (Grey Market Premium)
- P N Gadgil Jewellers IPO Application Form PDF
- P N Gadgil Jewellers IPO Subscription Status
- P N Gadgil Jewellers IPO Allotment Status
- IPO Review
- P N Gadgil Jewellers IPO Registrar
- P N Gadgil Jewellers IPO Lead Manager
- P N Gadgil Jewellers Limited Contact
- FAQ
P N Gadgil Jewellers IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | P N Gadgil Jewellers Limited |
| Industry | Jewellery |
| IPO Issue Type | Book Built Issue |
| Open Date | September 10, 2024 |
| Close Date | September 12, 2024 |
| Total Issue Size | ₹1100 Crores(22,916,667 Equity Shares) |
| Fresh Issue | ₹850 Crores(17,708,334 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹456 to ₹480 per share |
| Listing on | BSE & NSE |
| Lot Size | 31 Shares |
| Offer for Sale | ₹250 Crores(5,208,333 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
P N Gadgil Jewellers Limited is, notably, the second-largest organized jewelry player in Maharashtra, offering a wide range of gold, silver, platinum, and diamond ornaments in various designs and price ranges. Over time, the company has expanded to 33 outlets across 18 locations in Maharashtra and Goa, as well as one store in the USA. Moreover, all outlets operate under a franchisee-owned, company-operated model, ensuring consistent quality and customer experience across the board. Looking ahead, the company plans to open 12 additional stores by the fiscal year 2026.
Additionally, The P N Gadgil Jewellers’s IPO is price between ₹456 and ₹480 per share, with a retail quota of 35%, a QIB quota of 50%, and an HNI quota of 15%. The company will list the IPO on the BSE and NSE on September 17, 2024, and schedule allotments for September 13, 2024.
Further, the company has demonstrated significant growth, reporting revenue of ₹4,559.31 crores in 2023, up from ₹2,586.31 crores in 2022. Additionally, profits rose to ₹93.7 crores in 2023, compared to ₹69.52 crores in 2022. Given this strong performance, investors should consider this IPO as a long-term investment opportunity.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 10, 2024 |
| IPO Close Date | September 12, 2024 |
| Basis of Allotment | September 13, 2024 |
| Refunds | September 16, 2024 |
| Credit to Demat Account | September 16, 2024 |
| IPO Listing Date | September 17, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹1464.98 | ₹1062.55 | ₹1110.24 |
| Revenue | ₹6119.1 | ₹4559.31 | ₹2586.31 |
| Profit After Tax | ₹154.34 | ₹93.7 | ₹69.52 |
| Net Worth | ₹534.38 | ₹365.73 | ₹282.01 |
| Reserves and Surplus | NA | ₹255.53 | ₹191.22 |
| Total Borrowing | ₹396.5 | ₹283.21 | ₹294.93 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 31 | ₹14,880 |
| Retail (Max) | 13 | 403 | ₹193,440 |
| S-HNI (Min) | 14 | 434 | ₹208,320 |
| B-HNI (Min) | 68 | 2,108 | ₹1,011,840 |
The objective of the Issue
- The funds will be allocated towards setting up 12 new stores in Maharashtra.
- Additionally, they will be used to repay or prepay certain company borrowings.
- Furthermore, a portion will be dedicated to general corporate purposes.
Company Promoters
- Mr. Saurabh Vidyadhar Gadgil
- Mrs. Radhika Saurabh Gadgil
- SVG Business Trust
P N Gadgil Jewellers IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the P N Gadgil Jewellers IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including P N Gadgil Jewellers Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
P N Gadgil Jewellers IPO Application Form PDF
To download the P N Gadgil Jewellers IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
P N Gadgil Jewellers IPO Subscription Status
This IPO subscription kicks off on September 10, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
P N Gadgil Jewellers IPO Allotment Status
To check the P N Gadgil Jewellers IPO allotment status go to the IPO registrar website Bigshare or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- P N Gadgil Jewellers Limited is a trusted legacy brand in Maharashtra, offering a diverse range of gold, diamond, silver, and platinum jewellery across 33 stores.
- As Maharashtra’s second-largest organized jewellery retailer, the company is poised for growth, particularly by expanding into Tier II and III cities.
- With India’s jewellery sector growing, P N Gadgil Jewellers is well-positioned to enhance its market presence and capitalize on new opportunities.
- Additionally, The company’s extensive product range includes over 10,000 SKUs in gold, 1,200 in silver, 2,700 in platinum, and 24,000 in diamond designs, catering to diverse preferences and price points.
- Backed by experienced management, the company has shown strong financial growth, marked by rising revenue, profit, and operational efficiency.
Risks:
- Ineffective management or expansion could result in underperforming stores, harming business prospects and financial stability.
- Further, Operating in a highly competitive market challenges P N Gadgil Jewellers Limited’s market share and profitability.
- The company does not own the trademark for its “PNG” brand, posing risks to branding and licensing.
- Additionally, Heavy reliance on Maharashtra, with significant revenue from five key stores, makes the company vulnerable to regional disruptions.
P N Gadgil Jewellers IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
P N Gadgil Jewellers IPO Lead Manager
MOTILAL OSWAL INVESTMENT ADVISORS LIMITED
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi,
Mumbai- 400 025, Maharashtra, India
Phone: +91 22 7193 4380
Email: png.ipo@motilaloswal.com
Website: www.motilaloswalgroup.com
P N Gadgil Jewellers Limited Contact
P N GADGIL JEWELLERS LIMITED
PNG Vishwa, 359, Chitrashala Chowk Laxmi
Road, Narayan Peth Pune, Maharashtra – 411 030
Phone: +91 20 2447 8474
Email: secretarial@pngadgil.com
Website: www.pngjewellers.com
FAQ
P N Gadgil Jewellers’s IPO is to raise ₹1,100 crores. The issue is priced between ₹456 and ₹480 per equity share, and it will be listed on both BSE and NSE.
The IPO will open for subscription on September 10, 2024, for QIB, NII, and retail investors. It will subsequently close on September 12, 2024.
Additionally, The allocation for investors is distributed as follows: 50% for QIB, 15% for NII, and 35% for retail investors.
You can apply for the IPO either online via ASBA through your bank account or via UPI through your stock broker. Additionally, you have the option to apply offline by filling out the form with your stock broker.
The issue size of the IPO is ₹1,100 crores.
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