P N Gadgil Jewellers IPO Details
The P N Gadgil Jewellers IPO is a book build issue with a total issue size of ₹1100 cr, comprising of fresh issue of 17708334 equity shares., and a offer for sale of 5208333 equity shares. P N Gadgil Jewellers IPO opened for subscription on Sep 10, 2024 and closed on Sep 12, 2024. P N Gadgil Jewellers IPO is set price band at ₹456 to ₹480 per share, with a lot size of 31 shares. Minimum investment for Retail investors was ₹14,880.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 13, 2024, and listed on both the NSE and BSE on Sep 17, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Motilal Oswal Investment Advisors Pvt Ltd, Nuvama Wealth Management Limited and Bob Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the P N Gadgil Jewellers IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 456 – 480
- Lot Size
- 31
- Issue Size
- ₹1100 Cr
- Minimum Investment
- ₹14880 (31 Shares)
- Listing Date
- 17 September 2024
Current GMP
₹333 (+69.38%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- Motilal Oswal Investment Advisors Pvt Ltd
- Nuvama Wealth Management Limited
- Bob Capital Markets Limited
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 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.
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 per share.
P N Gadgil Jewellers IPO lot size is 31 shares, Retail investors need a minimum investment of ₹14880 based on the upper price band
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.
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.
P N Gadgil Jewellers IPO issue size is ₹1100 crores.
P N Gadgil Jewellers IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.