P N Gadgil Jewellers Limited offers a wide range of precious metal/jewelry products including gold, silver, platinum, and diamond jewelry under its brand name “PNG” in various price ranges and designs.
As of December 31, 2023, the Company has 8 sub-brands offering gold jewelry collections for various occasions, namely Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Litestyle, Pratha and Yoddha, two sub-brands offering diamond jewelry collections, namely Eiina and PNG Solitaire, and two sub-brands offering platinum jewelry collections, namely Men of Platinum and Evergreen Love. The company also offers its customers the option of having jewelry made to measure.
As of December 31, 2023, the Company had grown to 33 stores, including 32 stores across 18 cities in Maharashtra and Goa and one store in the US with a total retail space of approximately 95,885 sq. ft. All stores are operated and managed by the company, with 23 stores owned by the company and 10 stores operated by franchisees under the FOCO (franchisee-owned and company-operated) model. Of these stores, 19 are large format (2,500 sq. ft. or more), 11 are medium format (between 1,000 sq. ft. to 2,500 sq.ft.) and 3 are small format (less than 1,000 sq. ft.).
As of September 30, 2023, the company had 1,152 employees.
P N Gadgil Jewellers IPO – Details
| IPO Opening Date | 10 September 2024 |
| IPO Closing Date | 12 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,29,16,667 Shares Worth ₹1100.00 Crore Fresh Issue: 1,77,08,334 Shares Worth ₹850.00 Crore Offer For Sale: 52,08,333 Shares Worth ₹250.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹456 – ₹480 per share |
| Market Lot | 31 Shares |
| Min Order | 31 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
P N Gadgil Jewellers IPO – Date Schedule
| IPO Open Date | 10 September 2024 |
| IPO Close Date | 12 September 2024 |
| Basis of Allotment | 13 September 2024 |
| Initiation of Refund | 16 September 2024 |
| Credit of Shares to Demat Account | 16 September 2024 |
| IPO Listing Date | 17 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2024 |
P N Gadgil Jewellers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 31 | ₹14,880 |
| Retail (Max) | 13 | 403 | ₹1,93,440 |
| S-HNI (Min) | 14 | 434 | ₹2,08,320 |
| S-HNI (Max) | 67 | 2,077 | ₹9,96,960 |
| B-HNI (Min) | 68 | 2,108 | ₹10,11,840 |
Competitive Strengths
- Well established and trusted legacy brand in Maharashtra;
- Second largest organized retail jewellery player and one of the fastest growing brand in Maharashtra;
- Diversified product portfolio across categories and price points;
- Experienced Promoter and management team with proven execution capabilities; and
- Strong historical financial results.
Company Promoters
- Saurabh Vidyadhar Gadgil
- Radhika Saurabh Gadgil
- SVG Business Trust
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 2586.30 | 2501.27 | 69.51 | 294.93 |
| 31 March 2023 | 4559.31 | 4441.22 | 93.70 | 283.21 |
| 31 March 2024 | 6119.10 | 5910.74 | 154.34 | 329.7 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | – |
| RoNW | – |
| P/BV | – |
| PAT Margin (%) | – |
| Pre IPO | Post IPO | |
| EPS (Rs) | 7.94 | 6.45 |
| P/E (x) | 60.45 | 74.45 |
Object 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 Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Kalyan Jewellers India Limited | 101.53 |
| 2 | 10 | Senco Gold Limited | 45.50 |
| 3 | 10 | Thangamayil Jewellery Limited | 42.89 |
P N Gadgil Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 83.11% |
P N Gadgil Jewellers IPO Prospectus
Company Contact Information
| P N Gadgil Jewellers Limited 694, Narayan Peth, Pune – 411 030 Phone: +912024478474 Email: secretarial@pngadgil.com Website: https://www.pngjewellers.com/ |
P N Gadgil Jewellers IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
P N Gadgil Jewellers IPO Lead Manager(s)
| 1. BOB Capital Markets Limited 2. Nuvama Wealth Management Limited 3. Motilal Oswal Investment Advisors Limited |
P N Gadgil Jewellers IPO FAQs
| What is P N Gadgil Jewellers IPO? P N Gadgil Jewellers IPO is a main-board IPO. The issue is priced at ₹456 to ₹480 per equity share. The IPO is to be listed on BSE & NSE. |
| When P N Gadgil Jewellers IPO will open? The IPO is to open on 10 September 2024 for QIB, NII, and Retail Investors. |
| What is P N Gadgil Jewellers IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the P N Gadgil Jewellers IPO? You can apply P N Gadgil Jewellers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the P N Gadgil Jewellers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “P N Gadgil Jewellers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the P N Gadgil Jewellers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “P N Gadgil Jewellers IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the P N Gadgil Jewellers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “P N Gadgil Jewellers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the P N Gadgil Jewellers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “P N Gadgil Jewellers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is P N Gadgil Jewellers IPO Size? P N Gadgil Jewellers IPO size is ₹1,100.00 Crore. |
| What is P N Gadgil Jewellers IPO Price Band? P N Gadgil Jewellers IPO Price Band is ₹456 to ₹480. |
| What is P N Gadgil Jewellers IPO Minimum and Maximum Lot Size for retail? The minimum bid is 31 Shares with ₹14,880 amount while the maximum bid is 403 Shares with ₹1,93,440. |
| What is the P N Gadgil Jewellers IPO Allotment Date? P N Gadgil Jewellers IPO allotment date is 13 September 2024. |
| What is the P N Gadgil Jewellers IPO Listing Date? P N Gadgil Jewellers IPO listing date is 17 September 2024. The IPO is to be listed on BSE and NSE. |
