P. N. Gadgil Jewellers IPO

P. N. Gadgil Jewellers IPO

P N Gadgil Jewellers Ltd

₹14,880 / 31 shares

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P. N. Gadgil Jewellers IPO Details

RHP/DRHP

Issue Date

--

Price Band

₹456 - ₹480

Lot Size

31 Shares

IPO Size

₹1100.00 Cr

Listing At

nse

Overall Subscription

59.22xx

P. N. Gadgil Jewellers IPO Listing Details

Listing On

17 Sep'24

Issue Price

₹480

Listed Price

₹ 830

Retail Gain/Listing Gain

72.92%Increase

Schedule of P. N. Gadgil Jewellers IPO

IPO Open Date

IPO Close Date

Basis of Allotment

Refund Initiation

Credit of Shares

Listing on exchange

17/09/2024

P.N. Gadgil Jewellers Company Background

PN Gadgil Jewellers is the second largest organised jewellery player in Maharashtra, in terms of the number of stores, as of January 2024. (Source: Technopak Report).

The company offers a wide range of precious metals/jewellery products including gold, silver, platinum, and diamond jewellery across various price points and designs for special occasions, such as weddings, engagements, anniversaries and festivals, as well as for everyday wear.

Click here to know more about P.N. Gadgil Jewellers Share Price and stay updated on the latest market trends.

Well established and trusted legacy brand in Maharashtra

The PNG brand derives its legacy from PN Gadgil brand, whose history dates back to 1832 and whose legacy is 100+ years old. The strong brand recall of the PNG brand coupled with continued focus on quality and customer service has allowed them to acquire and retain customers and stay well positioned in Maharashtra.

Diversified product portfolio across categories and price points

As of March 31, 2024, their product portfolio comprises 10,000+ SKUs in gold, 1,200+ SKUs in silver, 2,700+ SKUs in platinum and 24,000+ SKUs in diamond jewellery designs, including a wide range of gold, diamond, silver and platinum products across different price points. As of July 31, 2024, the company has eight sub-brands into gold jewellery, two sub-brands serving the diamond-jewellery needs of its customers, and two sub-brands in the platinum jewellery segment.

Strong historical financial results

Their revenue from operations increased from ₹25,556.34 million in FY22 to ₹61,109.45 million in FY24, at a CAGR of 54.63%. Their profit for the year also increased from ₹695.15 million in FY22 to ₹1543.43 million in FY24. This is due to their continued focus on innovative designs, new product launches, product quality, process improvement, and competitive pricing.

Risk Factors

  • The strength of their brands are crucial to their success. Any reputational damage to the brand, name or logo can hurt the business.

  • Their business is primarily concentrated in Maharashtra, especially Pune and they are significantly dependent on five of their stores located in Maharashtra for revenue generation. Any adverse development affecting such region or stores may hurt the business.

  • The company requires significant working capital for continued growth. Their inability to meet working capital requirements, on commercially acceptable terms, may hurt their business.

Key Strategies

  • Expand retail network in western India by leveraging their brand

  • Continue to invest in their marketing and brand building initiatives

  • Increase digital presence to increase customer base and sales

Here are the key financials for PN Gadgil Jewellers Limited:

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How To Apply for P N Gadgil Jewellers Ltd IPO?

Here are the steps to apply for P N Gadgil Jewellers Ltd IPO:

Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

P. N. Gadgil Jewellers IPO FAQs

The P. N. Gadgil Jewellers IPO opens for subscription from [-] to [-], with a total issue size of ₹1100.00 Cr. The IPO price band is ₹456 to ₹480 per share with a lot size of 31. The company aims to list the shares on BSE & NSE on 17-09-2024.

The P. N. Gadgil Jewellers IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the P. N. Gadgil Jewellers IPO is 31 equity shares, requiring a minimum investment of ₹14880 for retail investors applying in the IPO.

The price band of the P. N. Gadgil Jewellers IPO has been fixed at ₹456 to ₹480 per equity share.

You can apply for the P. N. Gadgil Jewellers IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

P. N. Gadgil Jewellers IPO allotment will take place on [-].

You can check the P. N. Gadgil Jewellers IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

P. N. Gadgil Jewellers shares will list on the stock exchanges on 17-09-2024.

You can find detailed information about the P. N. Gadgil Jewellers IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

The PN Gadgil Jewellers IPO has an issue size of ₹1100 crores. The IPO opens for subscription on 10/09/2024 and closes on 12/09/2024.

Bigshare Services Private Limited is the registrar for this IPO.

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Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.