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P N Gadgil Jewellers IPO is a book built issue of Rs 1,100.00 crores. The issue is a combination of fresh issue of 1.77 crore shares aggregating to Rs 850.00 crores and offer for sale of 0.52 crore shares aggregating to Rs 250.00 crores.
P N Gadgil Jewellers IPO bidding started from September 10, 2024 and ended on September 12, 2024. The allotment for P N Gadgil Jewellers IPO was finalized on Friday, September 13, 2024. P N Gadgil Jewellers IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, September 17, 2024.
P N Gadgil Jewellers IPO price band is set at ₹456 to ₹480 per share. The minimum lot size for an application is 31 Shares. The minimum amount of investment required by retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (434 shares), amounting to ₹208,320, and for bNII, it is 68 lots (2,108 shares), amounting to ₹1,011,840.
Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and Bob Capital Markets Limited are the book running lead managers of the P N Gadgil Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to P N Gadgil Jewellers IPO RHP for detailed information.
| IPO Date | September 10, 2024 to September 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹456 to ₹480 per share |
| Lot Size | 31 Shares |
| Total Issue Size | 22,916,667 shares (aggregating up to ₹1,100.00 Cr) |
| Fresh Issue | 17,708,334 shares (aggregating up to ₹850.00 Cr) |
| Offer for Sale | 5,208,333 shares of ₹10 (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 118,000,000 |
| Share holding post issue | 135,708,334 |
P N Gadgil Jewellers IPO offers 2,37,60,963 shares. 48,24,560 (20.3%) to QIB, 36,18,421 (15.23%) to NII, 84,42,983 (35.53%) to RII and 68,74,999 (28.93%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 68,74,999 (28.93%) | NA |
| QIB Shares Offered | 48,24,560 (20.3%) | NA |
| NII (HNI) Shares Offered | 36,18,421 (15.23%) | |
| bNII > ₹10L | 24,12,281 (10.15%) | 5,558 |
| sNII < ₹10L | 12,06,140 (5.08%) | 2,779 |
| Retail Shares Offered | 84,42,983 (35.53%) | 2,72,354 |
| Total Shares Offered | 2,37,60,963 (100%) |
P N Gadgil Jewellers IPO raises Rs 330.00 crore from anchor investors. P N Gadgil Jewellers IPO Anchor bid date is September 9, 2024. P N Gadgil Jewellers IPO Anchor Investors list
| Bid Date | September 9, 2024 |
| Shares Offered | 6,874,999 |
| Anchor Portion Size (In Cr.) | 330.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 12, 2024 |
P N Gadgil Jewellers IPO opens on September 10, 2024, and closes on September 12, 2024.
| IPO Open Date | Tuesday, September 10, 2024 |
| IPO Close Date | Thursday, September 12, 2024 |
| Basis of Allotment | Friday, September 13, 2024 |
| Initiation of Refunds | Monday, September 16, 2024 |
| Credit of Shares to Demat | Monday, September 16, 2024 |
| Listing Date | Tuesday, September 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2024 |
Investors can bid for a minimum of 31 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 31 | ₹14,880 |
| Retail (Max) | 13 | 403 | ₹193,440 |
| S-HNI (Min) | 14 | 434 | ₹208,320 |
| S-HNI (Max) | 67 | 2,077 | ₹996,960 |
| B-HNI (Min) | 68 | 2,108 | ₹1,011,840 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 83.11 % |
P N Gadgil Jewellers Limited was established in 2013 and offers a wide range of precious metal/jewelry products including gold, silver, platinum, and diamond jewelry under its brand name "PNG" in various price ranges and designs.
As of December 31, 2023, the Company has 8 sub-brands offering gold jewelry collections for various occasions, namely Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Litestyle, Pratha and Yoddha, two sub-brands offering diamond jewelry collections, namely Eiina and PNG Solitaire, and two sub-brands offering platinum jewelry collections, namely Men of Platinum and Evergreen Love. The company also offers its customers the option of having jewelry made to measure.
As of December 31, 2023, 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 (franchisee-owned and company-operated) model. Of these stores, 19 are large format (2,500 sq. ft. or more), 11 are medium format (between 1,000 sq. ft. to 2,500 sq.ft.) and 3 are small format (less than 1,000 sq. ft.).
P N Gadgil Jewellers Limited's revenue increased by 34% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 1,464.98 | 1,062.55 | 1,110.24 | |||||||||||||||||||||||||||
| Revenue | 6,119.1 | 4,559.31 | 2,586.31 | |||||||||||||||||||||||||||
| Profit After Tax | 154.34 | 93.7 | 69.52 | |||||||||||||||||||||||||||
| Net Worth | 534.38 | 365.73 | 282.01 | |||||||||||||||||||||||||||
| Reserves and Surplus | 255.53 | 191.22 | ||||||||||||||||||||||||||||
| Total Borrowing | 396.5 | 283.21 | 294.93 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The market capitalization of P N Gadgil Jewellers IPO is Rs 6514 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 28.88% |
| ROCE | 27.31% |
| Debt/Equity | 0.74 |
| RoNW | 28.88% |
| P/BV | 10.6 |
| PAT Margin (%) | 2.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.08 | 11.37 |
| P/E (x) | 36.7 | 42.2 |
[Dilip Davda] The company is the second largest organized jewellery player from Maharashtra. It posted steady growth in its top and bottom lines for the reported periods. It is adding 12 new stores with IPO funds and planning expansion of its footprint. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
The P N Gadgil Jewellers IPO is subscribed 59.41 times on September 12, 2024 6:19:07 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 | Subscription (times) |
|---|---|
| QIB | 136.85 |
| NII | 56.08 |
| bNII (bids above ₹10L) | 59.11 |
| sNII (bids below ₹10L) | 50.03 |
| Retail | 16.58 |
| Total | 59.41 |
Total Application : 3,986,537 (15.41 times)
P N Gadgil Jewellers Limited
694,
Narayan Peth,
Pune - 411 030
Phone: +912024478474
Email: secretarial@pngadgil.com
Website: https://www.pngjewellers.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
P N Gadgil Jewellers IPO is a main-board IPO of 22,916,667 equity shares of the face value of ₹10 aggregating up to ₹1,100.00 Crores. The issue is priced at ₹456 to ₹480 per share. The minimum order quantity is 31 Shares.
The IPO opens on September 10, 2024, and closes on September 12, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in P N Gadgil Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in P N Gadgil Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in P N Gadgil Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The P N Gadgil Jewellers IPO opens on September 10, 2024 and closes on September 12, 2024.
P N Gadgil Jewellers IPO lot size is 31 Shares, and the minimum amount required is ₹14,880.
You can apply in P N Gadgil Jewellers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for P N Gadgil Jewellers IPO will be done on Friday, September 13, 2024, and the allotted shares will be credited to your demat account by Monday, September 16, 2024. Check the P N Gadgil Jewellers IPO allotment status.
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