P N Gadgil Jewellers IPO: Read the IPO in Detail

• P N Gadgil Jewellers IPO is a book-built issue of Rs 1,100 crore.
• This upcoming IPO bidding opens on Sep 10 and closes on Sep 12, 2024.
• P N Gadgil Jewellers IPO price band is set at Rs 456 to Rs 480 per share.
• The minimum investment required Rs 14,880.

P N Gadgil Jewellers IPO: Synopsis

P N Gadgil Jewellers IPO is open for subscription starting Tuesday, Sep 10, 2024 and closing on Thursday, Sep 12, 2024. The price of this upcoming IPO is decided at Rs 456 to Rs 480 per share. 

The minimum lot size for the retail category is 31 shares. The minimum lot size for small NII is 14 lots consisting of 434 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 2,108 shares. 

The minimum investment required for retail category investors is Rs 14,880 (480 x 31 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,320 (480 x 434 shares); for big non-institutional investors, it is Rs 10,11,880 (480 x 2,108 shares). 

P N Gadgil Jewellers IPO is a book-built issue of Rs 1,100 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 1.77 crore equity shares amounting to Rs 850 crores. The offer-for-sale is of 0.52 crore equity shares amounting to Rs 250 crores. 

The allotment for this IPO is expected to be finalised on Friday, September 13, 2024. 

P N Gadgil Jewellers Limited's IPO will be listed on both the exchanges BSE and NSE, and the listing date is fixed for Tuesday, September 17, 2024. 

Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and Bob Capital Markets Limited is the book-running lead manager of P N Gadgil Jewellers Limited. Bigshare Services Private Limited is the registrar for this new IPO.

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P N Gadgil Jewellers IPO: About the company

P N Gadgil Jewellers Limited was founded in 2013 and offers a wide range of precious metal products, including gold, silver, platinum, and diamond jewellery under its brand name "PNG". The company 8 sub-brands offering gold jewellery collections for various occasions, namely Saptam, Swarajya, Rings of Love, The Golden Katha of Craftsmanship, Flip, Litestyle, Pratha and Yoddha, two sub-brands offering diamond jewellery collections, namely Eiina and PNG Solitaire, and two sub-brands offering platinum jewellery collections, namely Men of Platinum and Evergreen Love.

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 model.

P N Gadgil Jewellers IPO: Objectives

The net proceeds from the IPO will be used for setting up 12 new stores in Maharashtra. The remaining will be used for the repayment or pre-payment of borrowings availed by the company and fulfilling the general corporate purposes. 

P N Gadgil Jewellers IPO: Other Important Details

P N Gadgil Jewellers IPO: Time-Table

P N Gadgil Jewellers Limited: Financial Metrics  (Amt in Rs Crore)

P N Gadgil Jewellers reported revenue of Rs 6,119.10 crore and net profit of Rs 154.34 crore for the period ending March 31 2024. The company’s revenue increased by 34% and PAT increased by 65% between the FY ending with March 31 2024 and March 31 2023.

Lot Size of P N Gadgil Jewellers IPO

Promoters of P N Gadgil Jewellers Limited and Its Holdings

The promoters of P N Gadgil Jewellers Limited are Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, and SVG Business Trust. The promoter's shareholdings before the IPO is 100% however, after the IPO, the details of the shareholding are not available.

P N Gadgil Jewellers IPO: Strength of the Company

• P N Gadgil Jewellers sells a range of precious metal products including gold, silver, platinum, and diamond jewellery under its brand name "PNG”.
• The company's equity ratio is 0.74, and the profit margin is at 2.53.
• P N Gadgil Jewellers is a profitable company, and its net profit is rising steadily. 

FAQs

1. What are the details of P N Gadgil Jewellers Limited IPO 2024?

P N Gadgil Jewellers IPO is a book-built issue of Rs 1,100 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 1.77 crore equity shares amounting to Rs 850 crores. The offer-for-sale is of 0.52 crore equity shares amounting to Rs 250 crores.

2. Who are the lead managers for the P N Gadgil Jewellers Limited IPO?

Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and Bob Capital Markets Limited are the lead managers for this IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Private Limited is the registrar for P N Gadgil Jewellers Limited, handling the IPO's administrative aspects.

4. How can I apply for the P N Gadgil Jewellers Limited IPO?

The public subscription of this IPO will open on September 10, 2024. Click here to continue the application process.

5. How will the net proceeds from the IPO be utilised?

The net proceeds from the IPO will be used for setting up 12 new stores in Maharashtra. The remaining will be used for the repayment or pre-payment of borrowings availed by the company and fulfilling the general corporate purposes. 

6. How can I check the allotment status of the IPO?

Investors can check out the allotment status of the P N Gadgil Jewellers Limited IPO 2024 by visiting here.

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