PNGS Gargi Fashion Jewellery IPO will open for subscription from 08 December 2022. the company aims for an issue size of ₹7.80 Cr through this IPO.
PNGS Gargi Fashion Jewellery Limited
The company is engaged in the retail business of costume and fashion jewellery under the brand name “Gargi by P. N. Gadgil & Sons” launched in 2021 under the artificial jewellery segment. It deals in 92.5% certified sterling silver jewellery and brass jewellery, idols and other silverware and related gift items.
Its product lines include earrings, necklaces, pendants, chains, finger rings, bracelets, anklets, nose pins, mangal sutra, pendant sets, bangles in brass or silver for females of age groups as well as male accessories such as rings, cufflinks, button set, that cater to our customers taste, preference, choice and the ever-changing trends in the chain and jewellery designs. Its portfolio offers customers a wide variety of traditional, Indo-western, & modern designs and jewellery.
The company operates through a shop-in-shop model and has entered into an agreement with P.N. Gadgil & Sons Limited and P. N. Gadgil Art & Culture Foundation to have a point of sales (POS) counters at its existing 30 showrooms across the states of Maharashtra, Gujarat and Karnataka.
Basic details about the company
| Full name | PNGS Gargi Fashion Jewellery Limited |
| Sector | Retailing |
| Industry | Retailing |
| Company Website | https://www.gargibypng.com/ |
Objects of the Issue
- Funding working capital requirements.
- General corporate purposes.
Major Competitive strengths
- Experienced Promoters and a well-trained employee base.
- Long history, established and existing brand name of “P.N. Gadgil & Sons”.
- Hybrid Shopping model.
- Extensive product list.
- Effective internal control and processes.
Dates to remember
| IPO Opening date | 08 December 2022 |
| IPO Closing | 13 December 2022 |
| Basis of Allotment | 16 December 2022 |
| Initiation Refund | 19 December 2022 |
| Credit to Demat Account | 20 December 2022 |
| Listing Date | 21 December 2022 |
PNGS Gargi Fashion Jewellery IPO Details
| IPO Date | Dec 8, 2022 to Dec 13, 2022 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Issue Size | 2,600,000 shares of ₹10 (aggregating up to ₹7.80 Cr) |
| Fresh Issue | 2,600,000 shares of ₹10 (aggregating up to ₹7.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
PNGS Gargi Fashion Jewellery IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| S-HNI (Min) | 2 | 8,000 | ₹240,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
PNGS Gargi Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | – | 0.60 | 593.93 | 1,189.17 |
| Expenses | 0.10 | 0.22 | 445.57 | 903.77 |
| Net income | (0.10) | 0.35 | 110.53 | 213.17 |
PNGS Gargi Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (0.35) | 1.23 | 394.75 |
| PE ratio | – | – | 0.08 |
| RONW (%) | (7.72) | 21.28 | 100.94 |
| NAV | 4.56 | 5.80 | 391.09 |
Company Promoters
- Mr Govind Vishwanath Gadgil
- Ms Renu Govind Gadgil
PNGS Gargi Fashion Jewellery IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73% |
Lead Manager(s)
- Shreni Shares Pvt Ltd
PNGS Gargi Fashion Jewellery IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059, Maharashtra
Phone: +91 – 22 – 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Contact Information
PNGS Gargi Fashion Jewellery Limited
S. No. 37/1 & 37/2,
Near Lokmat New Paper,
Wadgaon, Khurd, Pune – 411 041
Phone: 020 – 2991 1980
Email: info@gargibypng.com
Website: https://www.gargibypng.com/
PNGS Gargi IPO Allotment Status
PNGS Gargi IPO allotment status will be available on Bigshare Services’ website.
Click on Bigshare Services weblink to get allotment status.
Final thoughts
PNGS Gargi Fashion Jewellery IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
