P N Gadgil Jewellers IPO will open for subscription from 10 September 2024. The company aims for an issue size of ₹1,100 Cr through this IPO.
Company Overview
| Full name | P N Gadgil Jewellers Limited |
| Sector | Retailing |
| Industry | Retailing |
| Company Website | https://www.pngjewellers.com/ |
About Company
Founded in 1832, P N Gadgil Jewellers boasts a rich heritage and has experienced significant growth, with a 54.63% increase in revenue from Fiscal 2022 to Fiscal 2024. The company operates 39 stores across Maharashtra, Goa, and the U.S., offering a diverse product portfolio that includes gold, silver, platinum, and diamond jewelry. These products are primarily sold under its flagship brand, ‘PNG‘. All of the stores are operated and managed by the company, with 28 being owned stores and 11 operating under a franchisee-owned and company-operated (“FOCO”) model.
As of 31 July 2024, the company has 8 sub-brands offering gold jewelry collections for various occasions, including Saptam, Swarajya, Rings of Love, The Golden Katha of Craftsmanship, Flip, Lifestyle, Pratha, and Yoddha. Additionally, it has two sub-brands for diamond jewelry, namely Eiina and PNG Solitaire, and two sub-brands for platinum jewelry, Men of Platinum and Evergreen Love. The company also offers customers the option of custom-made, made-to-measure jewelry.
The Objectives of the Issue
- Funding expenditure towards setting up 12 new stores in Maharashtra (New Stores);
- Repayment or pre-payment, in full or part, of certain borrowings availed by the Company; and
- General corporate purposes.
P N Gadgil Jewellers IPO Timetable
| IPO Opening date | 10 September 2024 |
| IPO Closing | 12 September 2024 |
| Basis of Allotment | 13 September 2024 |
| Initiation Refund | 16 September 2024 |
| Credit to Demat Account | 16 September 2024 |
| Listing Date | 17 September 2024 |
P N Gadgil Jewellers IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹1,100 Cr – 22,916,667 shares |
| Fresh Issue | ₹850.00 Cr – 17,708,334 shares |
| Offer for sale | ₹250.00 Cr – 5,208,333 shares |
| Face value | ₹10 per share |
| Price Band | ₹456 to ₹480 per share |
| Lot size | 31 Shares |
| Shareholding pre-issue | 118,000,000 |
| Shareholding post-issue | 135,708,334 |
| Listing Exchange | BSE & NSE |
P N Gadgil Jewellers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 31 | ₹14,880 |
| Retail (Max) | 13 | 403 | ₹193,440 |
| S-HNI (Min) | 14 | 434 | ₹208,320 |
| S-HNI (Max) | 67 | 2,077 | ₹996,960 |
| B-HNI (Min) | 68 | 2,108 | ₹1,011,840 |
P N Gadgil Jewellers Offer Documents
P N Gadgil Jewellers IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
P N Gadgil Jewellers Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 1,930.06 | 2,555.63 | 4,507.52 | 6,110.95 |
| Expenses | 1,937.79 | 2,501.27 | 4,441.23 | 5,910.74 |
| Net income | (6.58) | 57.60 | 74.29 | 154.34 |
| Margin (%) | (0.34) | 2.25 | 1.65 | 2.53 |
P N Gadgil Jewellers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 5.89 | 7.94 | 13.08 | 11.37 |
| PE Ratio | – | – | 34.86 – 36.70 | 40.11 – 42.22 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 22.48 | 25.09 | 28.88 |
| NAV | 23.90 | 30.99 | 45.29 |
| ROCE (%) | 19.89 | 23.29 | 27.31 |
| EBITDA (%) | 5.56 | 3.87 | 4.54 |
| Debt/Equity | 1.05 | 0.78 | 0.74 |
Company Promoters
- Saurabh Vidyadhar Gadgil
- Radhika Saurabh Gadgil
- SVG Business Trust
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
P N Gadgil Jewellers Offer GMP Update
Coming Soon
P N Gadgil Jewellers IPO Subscription Update
Coming Soon
P N Gadgil Jewellers IPO Allotment Status
PN Gadgil Jewellers IPO allotment status will be available on Bigshare’s website. Click on this link to get allotment status.
P N Gadgil Jewellers IPO Listing Details
| Listing Date | 17 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
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P N Gadgil Jewellers IPO Lead Manager(s)
- Motilal Oswal Investment Advisors Limited
- Nuvama Wealth Management Limited
- BoB Capital Markets Limited
P N Gadgil Jewellers 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 Contact Details
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
P N Gadgil Jewellers IPO FAQs
How many shares in PN Gadgil Jewellers IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for PN Gadgil Jewellers Public Offer?
The best way to apply for PN Gadgil Jewellers public offer is through Internet banking ASBA . You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is PN Gadgil Jewellers IPO GMP today?
PN Gadgil Jewellers IPO GMP today is ₹ 200 per share.
What is PN Gadgil Jewellers kostak rate today?
PN Gadgil Jewellers kostak rate today is ₹ NA per application.
What is PN Gadgil Jewellers Subject to Sauda rate today?
PN Gadgil Jewellers Subject to Sauda rate today is ₹ 4,800 per application.
Final thoughts
P N Gadgil Jewellers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
