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P N Gadgil Jewellers IPO

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NSE,BSE 10 September - 12 September 2024
P N Gadgil Jewellers Limited IPO is a book build issue of 1100 Cr. The issue is a combination of fresh issue of 17708334 shares aggregating to 850 Cr and offer for sale of 5208333 shares aggregating to 250 Cr. P N Gadgil Jewellers Limited IPO opened for subscription on Sep 10, 2024 and closed on Sep 12, 2024. The allotment for the this IPO was finalized on Sep 13, 2024. IPO was listed on NSE and BSE on Sep 17, 2024. P N Gadgil Jewellers Limited IPO is set issue price band at ₹456 to ₹480 per share.

Current GMP

₹333 (+69.38%)

Price Band

₹ 456 – 480

Lot Size

31

Issue Size

₹1100 Cr

Minimum Investment

₹14880 (31 Shares)

Listing Date

17 September 2024

Subscription

59.41x

About the Company

Founded in 1832, P N Gadgil Jewellers Limited 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.

Promoters

Promoters of the company. 

  1. Saurabh Vidyadhar Gadgil
  2. Radhika Saurabh Gadgil
  3. SVG Business Trust
Promoters Holding

Holding Pre Issue

100.00%

Holding Post Issue

83.11%

Objects of the Issue

 The company plans to allocate the net proceeds from the issuance to the following purposes: 

  1. Funding expenditure towards setting up 12 new stores in Maharashtra (New Stores)
  2. Repayment or pre-payment, in full or part, of certain borrowings availed by the Company
  3. General corporate purposes.

Address / Contact Info

P N Gadgil Jewellers Limited
694,Narayan Peth,
Pune  Maharashtra, India – 411 030

Phone: +912024478474
Email: secretarial@pngadgil.com
Website: https://www.pngjewellers.com

IPO Snapshot

Face Value₹10 per share
Price Band₹ 456 – 480
Lot Size31
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 850.00 Cr
Offer for Sale₹ 250.00 Cr
Total Issue Size₹ 1,100.00 Cr
Listing AtNSE,BSE
Industry
Sector
QIB Quota20.3%
BNII Quota10.15%
SNII Quota5.08%
Retail Quota35.53%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

P N Gadgil Jewellers IPO is a Book-building IPO worth ₹1100 crores. The price band is ₹456 to 480 per share. The IPO opens on Tue, Sep 10, 2024 and closes on Thu, Sep 12, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The P N Gadgil Jewellers IPO opens on Tue, Sep 10, 2024 and closes on Thu, Sep 12, 2024

P N Gadgil Jewellers IPO Price Band is ₹456 to 480.

P N Gadgil Jewellers IPO lot size is 31, and the minimum amount required for application is ₹14880.

The minimum investment for P N Gadgil Jewellers IPO is approximately ₹14880 based on the upper price band.

To apply for the P N Gadgil Jewellers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 12, 2024. After submission, funds are blocked until the basis of allotment of P N Gadgil Jewellers IPO is finalised.

P N Gadgil Jewellers IPO issue size is ₹1100 crores.

P N Gadgil Jewellers IPO allotment date is Sat, Jun 27, 2026.

The registrar for P N Gadgil Jewellers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to P N Gadgil Jewellers IPO through their official website or helpline.

The P N Gadgil Jewellers IPO GMP (Grey Market Premium) is ₹333 as of Thu, Sep 12, 2024. Based on the upper price band of ₹480 per share, the estimated P N Gadgil Jewellers IPO listing price is ₹813, indicating a potential listing gain of approximately 31% over the issue price.