PNGS Gargi Fashion Jewellery 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. The company deal in 92.5% certified sterling silver jewellery and brass jewellery, idols and other silverware and related gift items.
The company offer a wide range of products from artificial jewellery segment for special occasions such as weddings and festivals to daily-wear jewellery for all ages, genders and across various price points. PNGS Gargi Fashion Jewellery product line includes earrings, necklaces, pendants, chains, finger rings, bracelets, anklets, nose pins, mangal sutra, pendant set, bangles in brass or silver for females of age groups as well as male accessories such as rings, cufflinks, button set, that cater to the customers taste, preference, choice and the ever-changing trends in the chain and jewellery designs.
The company operates through shop in shop model and PNGS Gargi Fashion Jewellery have entered into an agreement with P.N. Gadgil & Sons Limited and P. N. Gadgil Art & Culture Foundation to have point of sales (POS) counters at its existing 30 showrooms across the states of Maharashtra, Gujarat and Karnataka.
The company also sell their products through online platform at www.gargi.shop. PNGS Gargi Fashion Jewellery have also implemented quality control practices to sell hallmarked silver jewellery online through Amazon in line with the quality and purity metrics prescribed by BIS.
PNGS Gargi Fashion Jewellery IPO – Details
| IPO Opening Date | 08 December 2022 |
| IPO Closing Date | 13 December 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹7.8 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹30 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Private Limited |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
PNGS Gargi Fashion Jewellery IPO – Date Schedule
| IPO Open Date | 08 December 2022 |
| IPO Close Date | 13 December 2022 |
| Basis of Allotment Date | 16 December 2022 |
| Initiation of Refunds | 19 December 2022 |
| Credit of Shares to Demat Account | 20 December 2022 |
| IPO Listing Date | 20 December 2022 |
PNGS Gargi Fashion Jewellery IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 4000 | 1,20,000 |
| Maximum | 1 | 4000 | 1,20,000 |
Competitive Strengths
- Long history, established and existing brand name of “P.N. Gadgil & Sons”.
- Extensive product list.
- Hybrid Shopping model.
- Experienced Promoters and a well-trained employee base.
Company Promoters
- Mr. Govind Vishwanath Gadgil
- Ms. Renu Govind Gadgil
Object Of The Issue
- Funding Working Capital Requirements.
- General Corporate Purposes.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 0 | 0.0010 | -0.0010 |
| 31 March 2021 | 0.0063 | 0.0022 | 0.0035 |
| 31 March 2022 | 5.93 | 4.45 | 1.10 |
| 30 September 2022 | 11.89 | 9.03 | 2.13 |
PNGS Gargi Fashion Jewellery IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.00% |
PNGS Gargi Fashion Jewellery IPO Prospectus
Company Contact Information
| PNGS Gargi Fashion Jewellery Limited S. No. 37/1 & 37/2, Near Lokmat New Paper, Wadgaon, Khurd, Pune – 411 041, Maharashtra, India Tel: 020 – 2991 1980 Email: info@gargibypng.com Website: www.gargibypng.com |
PNGS Gargi Fashion Jewellery IPO Registrar
| Bigshare Services Private Limited Tel: 022 – 6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
PNGS Gargi Fashion Jewellery IPO Lead Manager(s)
| 1. Shreni Shares Private Limited |
PNGS Gargi Fashion Jewellery IPO FAQs
| What is PNGS Gargi Fashion Jewellery IPO? PNGS Gargi Fashion Jewellery IPO is a SME IPO. The issue is priced at ₹30 per equity share. The IPO is to be listed on BSE SME. |
| When PNGS Gargi Fashion Jewellery IPO will open? The IPO is to open on 08 December 2022 for NII and Retail Investors. |
| What is PNGS Gargi Fashion Jewellery IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to PNGS Gargi Fashion Jewellery IPO? You can apply PNGS Gargi Fashion Jewellery 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 PNGS Gargi Fashion Jewellery IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “PNGS Gargi Fashion Jewellery”. 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 PNGS Gargi Fashion Jewellery IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “PNGS Gargi Fashion Jewellery”. 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 Edelweiss. |
| What is PNGS Gargi Fashion Jewellery IPO Size? PNGS Gargi Fashion Jewellery IPO size is ₹7.8 crores. |
| What is PNGS Gargi Fashion Jewellery IPO Price Band? PNGS Gargi Fashion Jewellery IPO Price Band is ₹30. |
| What is PNGS Gargi Fashion Jewellery IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,20,000 amount while the maximum bid is 4000 shares with ₹1,20,000. |
| What is the PNGS Gargi Fashion Jewellery IPO Allotment Date? PNGS Gargi Fashion Jewellery IPO allotment date is 16 December 2022. |
| What is the PNGS Gargi Fashion Jewellery IPO Listing Date? PNGS Gargi Fashion Jewellery IPO listing date is 20 December 2022. The IPO is to list on BSE SME. |
