P N GADGIL JEWELLERS LIMITED

10 Sep 2024 - 12 Sep 2024 Individual Category Main Board BSE NSE

Min Investment

₹14880

Price Band

₹456-₹480

Issue Size

168.86 lakhs
Equity Shares

Lot Size

31

IPO Dates
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10 Sep 2024

Open Date

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12 Sep 2024

Close Date

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13 Sep 2024

Allotment Date

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17 Sep 2024

Listing Date

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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About P N Gadgil Jewellers Limited

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.

Founded

2013

Managing Director

Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, and SVG Business Trust

Parent Organization

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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