P N Gadgil Jewellers IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 10 Sep 2024
Close Date
Thu, 12 Sep 2024
Price Band
₹ 456 – 480
Lot Size
31
Issue Size
₹ 1,100.00 Cr
Minimum Investment
₹ 14,880 (31 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
P N Gadgil Jewellers IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,100.00 Crore, comprising a fresh issue of 1.77 Crore equity shares aggregating to ₹850.00 Crore and an offer for sale (OFS) of 52.08 Lakh equity shares aggregating to ₹250.00 Crore by the existing shareholders.
The P N Gadgil Jewellers IPO remained open for subscription from September 10, 2024, to September 12, 2024. The basis of allotment was finalized on September 13, 2024, and the company's shares were listed on the NSE and BSE on September 17, 2024.
The company had fixed the price band at ₹456 to ₹480 per share, with a lot size of 31 shares. Retail investors were required to make a minimum investment of ₹14,880 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Limited, and Bob Capital Markets Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, P N Gadgil Jewellers Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
P N Gadgil Jewellers IPO Timeline (Tentative)
- IPO Open Date
- Tue, 10 Sep 24
- IPO Close Date
- Thu, 12 Sep 24
- Basis of Allotment
- Fri, 13 Sep 24
- Initiation of Refunds
- Mon, 16 Sep 24
- Credit of Shares to Demat
- Mon, 16 Sep 24
- Listing Date
- Tue, 17 Sep 24 — NSE & BSE
Open Date
10 September 2024
Close Date
12 September 2024
Basis Of Allotment
13 September 2024
Listing Date
17 September 2024
IPO Subscription
Check Live Subscription →The P N Gadgil Jewellers IPO has received bids for 1,00,31,17,313 shares against 1,68,85,964 shares offered, resulting in an overall subscription of 59.41x. the NII category is subscribed 56.08x, Retail Investors 16.58x, and QIBs 136.85x. Within the NII category, BNII is subscribed 59.11x, while SNII is subscribed 50.03x.
QIB
136.85x
NII
56.08x
BNII
59.11x
SNII
50.03x
RII
16.58x
Total
59.41x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 84,42,983 shares, representing 35.53% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 48,24,560 shares (20.3%), while Non-Institutional Investors (NIIs) receive 36,18,421 shares (15.23%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 6,874,999 | 28.93% |
| Qualified Institutions | 4,824,560 | 20.3% |
| Non-Institutional | 3,618,421 | 15.23% |
| BNII | 2,412,281 | 10.15% |
| SNII | 1,206,140 | 5.08% |
| Retail Investors | 8,442,983 | 35.53% |
| Total | 23,760,963 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 1464.98 | 1062.55 | 1110.24 |
| Revenue | 6119.1 | 4559.31 | 2586.31 |
| Profit After Tax | 154.34 | 93.7 | 69.52 |
| Net Worth | 534.38 | 365.73 | 282.01 |
| Reserve & Surplus | 0 | 255.53 | 191.22 |
| Total Borrowings | 396.5 | 283.21 | 294.93 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
P N Gadgil Jewellers Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 28.88 |
| ROCE % | 27.31 |
| Debt / Equity | 0.74 |
| RoNW % | 28.88 |
| PbW | 10.6 |
| Pat Margin % | 2.53 |
Peers Comparison
No Peer Comparision Available
About P N Gadgil Jewellers Limited
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.
P N Gadgil Jewellers IPO Promoters
Promoters of the company.
- Saurabh Vidyadhar Gadgil
- Radhika Saurabh Gadgil
- SVG Business Trust
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
83.11%
P N Gadgil Jewellers IPO Objective
The company plans to allocate the net proceeds from the issuance to the following purposes:
- 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
- General corporate purposes.
P N Gadgil Jewellers Limited Address / Contact Details
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
P N Gadgil Jewellers IPO Lot Size
The P N Gadgil Jewellers IPO has a lot size of 31 shares. Retail investors require a minimum investment of ₹14,880 by applying for 1 lot (31 shares). The maximum application allowed for the retail category is 13 lots (403 shares), requiring an investment of ₹1,93,440.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 31 | 14,880.00 |
| Retail (Max) | 13 | 403 | 193,440.00 |
| S-HNI (Min) | 14 | 434 | 208,320.00 |
| S-HNI (Max) | 67 | 2,077 | 996,960.00 |
| B-HNI (Min) | 68 | 2,108 | 1,011,840.00 |
Issue Reservation
- Anchor Investors — 28.93%
- QIB — 20.3%
- NII — 15.23%
- RII — 35.53%
Book Running Lead Managers
- Motilal Oswal Investment Advisors Ltd
- Nuvama Wealth Management Limited
- Bob Capital Markets Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the P N Gadgil Jewellers IPO?
P N Gadgil Jewellers IPO is a Book-building IPO with a total issue size of ₹1100 crore. The P N Gadgil Jewellers IPO price band is ₹456 to 480 per share. The P N Gadgil Jewellers IPO subscription opens on Tue, Sep 10, 2024, and closes on Thu, Sep 12, 2024. The P N Gadgil Jewellers IPO will be listed on the NSE,BSE. Bigshare Services Pvt Ltd is the registrar for the P N Gadgil Jewellers IPO.
When will the P N Gadgil Jewellers IPO open for subscription?
The P N Gadgil Jewellers IPO opens on Tue, Sep 10, 2024 and closes on Thu, Sep 12, 2024
What is P N Gadgil Jewellers IPO Price Band?
P N Gadgil Jewellers IPO Price Band is ₹456 to 480 per share.
What is P N Gadgil Jewellers IPO Lot Size?
P N Gadgil Jewellers IPO lot size is 31 shares, Retail investors need a minimum investment of ₹14880 based on the upper price band
What is the minimum investment for P N Gadgil Jewellers IPO?
The minimum investment for P N Gadgil Jewellers IPO is ₹14880, based on one lot of 31 shares at the upper price band of ₹480 per share.
How to apply for P N Gadgil Jewellers IPO?
Investors can apply for the P N Gadgil Jewellers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 12, 2024. The application amount remains blocked until the P N Gadgil Jewellers IPO allotment is finalized.
What is P N Gadgil Jewellers IPO Issue Size?
P N Gadgil Jewellers IPO issue size is ₹1100 crores.
What is the P N Gadgil Jewellers IPO Allotment Date?
P N Gadgil Jewellers IPO allotment date is Fri, Sep 13, 2024.
Who is the P N Gadgil Jewellers IPO Registrar?
The registrar for P N Gadgil Jewellers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check P N Gadgil Jewellers IPO allotment status, refund processing, and other IPO-related information.
What is the P N Gadgil Jewellers IPO GMP?
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 69.38% over the issue price.
Who is the P N Gadgil Jewellers IPO Lead Manager?
The book-running lead managers (BRLMs) for the P N Gadgil Jewellers IPO are Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Limited, and Bob Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the P N Gadgil Jewellers IPO Red Herring Prospectus (RHP).