P N Gadgil Jewellers Ltd
Price Range
₹456 - ₹480
Min. Quantity
31
Closes on
12 September 2024
Min. investment
₹14,880/403 Shares
P N Gadgil Jewellers Ltd IPO Timeline
P N Gadgil Jewellers Ltd was originally incorporated as 'P N Gadgil Jewellers Private Limited', a Private Limited Company, pursuant to a Certificate of Incorporation dated October 28, 2013, issued by the RoC. The name of Company was changed to 'P N Gadgil Jewellers Limited', upon conversion from a Private Limited to a Public Limited Company, and a fresh Certificate of Incorporation was issued on April 5, 2023, by the RoC. The Company is primarily engaged in retail sales of all kinds of gems, diamonds, semi-precious stones and all types of jewellery made of gold, silver and other metals and all types of precious stones.
| Event | Date |
|---|---|
| P N Gadgil Jewellers Ltd IPO Opening Date | 10 September 2024 |
| P N Gadgil Jewellers Ltd IPO Closing Date | 12 September 2024 |
| Basis of Allotment | 13 September 2024 |
| Initiation of Refunds | 16 September 2024 |
| Credit of Shares to Demat | 16 September 2024 |
| P N Gadgil Jewellers Ltd IPO Listing Date | 17 September 2024 |
P N Gadgil Jewellers Ltd IPO Details
| P N Gadgil Jewellers Ltd IPO Date | 10 September 2024 to 12 September 2024 |
| P N Gadgil Jewellers Ltd IPO Face Value | ₹10 per share |
| P N Gadgil Jewellers Ltd IPO Price | ₹456 to ₹480 per share |
| P N Gadgil Jewellers Ltd IPO Lot Size | 31 |
| Issue Size | Shares of ₹10 (aggregating up to ₹1,100 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹850 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹250 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 48,24,560 of the Net Offer |
| Retail Shares Offered | Not less than 84,42,983 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 36,18,421 of the Net Offer |
| Company Promoters | Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, SVG Business Trust |
P N Gadgil Jewellers Ltd IPO Lot Size
The P N Gadgil Jewellers Ltd IPO lot size is 31 shares. A retail-individual investor can apply for up to 13 lots (403 shares or ₹1,93,440).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 31 | ₹14,880 |
| Maximum | 13 | 403 | ₹1,93,440 |
- Strengths
- Risks
- Opportunities
- Well established and trusted legacy brand in Maharashtra.
- Second largest organised retail jewellery player and one of the fastest growing brand in Maharashtra.
- Diversified product portfolio across categories and price points.
- Experienced Promoter and management team with proven execution capabilities.
- Strong historical financial results.
Company Financials
P N Gadgil Jewellers Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 1,059.15 | 4,403.74 | 55.29 |
| 03-2022 | 1,116.12 | 2,474.04 | 40.04 |
| 03-2021 | 1,046.66 | 1,819.64 | 7.49 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding expenditure towards setting up of 12 new stores
- Repayment or pre-payment in full or part of certain borrowings availed by the company
- General corporate purposes
P N Gadgil Jewellers Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
P N Gadgil Jewellers Ltd IPO Subscription Status (Bidding Detail)
The P N Gadgil Jewellers Ltd IPO is subscribed 59.4 times on 12 September 2024 05:00:00 PM. The public issue subscribed 16.58 times in the retail category, 136.85 times in the QIB category, and 56.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 136.85 | 56.08 | 16.58 | - | 59.4 |
P N Gadgil Jewellers Ltd IPO Prospectus
P N Gadgil Jewellers Ltd IPO Listing Date
| Listing Date | 17 September 2024 |
| BSE Script | 544256 |
| NSE Symbol | PNGJL |
| Listing In | BSE, NSE |
| ISIN | INE953R01016 |
| IPO Price | ₹480 |
| Face Value | ₹10 |
Company Contact Information
694 Narayan Peth,Pune-411030
Phone: +91 20 2443 5006
Email: secretarial@pngadgil.com
Website: www.pngjewellers.com
P N Gadgil Jewellers Ltd IPO Registrar
P N Gadgil Jewellers Ltd IPO Lead Manager(s)
- Motilal Oswal Investment Advisors Ltd
- Nuvama Wealth Management Ltd
- BOB Capital Markets Ltd
FAQ
What is the issue size of P N Gadgil Jewellers Ltd IPO?
I have pre-applied for P N Gadgil Jewellers Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.