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PNGS Gargi Fashion Jewellery Limited IPO (PNGS Gargi Fashion Jewellery IPO) Detail

Dec 8, 2022 - Dec 13, 2022

Incorporated in 2009, PNGS Gargi Fashion Jewellery Limited is engaged in the retail business of costume and fashion jewellery under the brand name "Gargi by P. N. Gadgil & Sons" launched in 2021 under the artificial jewellery segment.

The company deals in 92.5% certified sterling silver jewellery and brass jewellery, idols and other silverware and related gift items. PNGS Gargi Fashion Jewellery Limited offer a wide range of products from artificial jewellery segment for special occasions such as weddings and festivals to daily-wear jewellery for all ages, genders and across various price points.

The company have an extensive product list which includes earrings, necklaces, pendants, chains, finger rings, bracelets, anklets, nose pins, mangal sutra, pendant sets, bangles in brass or silver for females of age groups as well as male accessories such as rings, cufflinks, button set, that cater to our customers taste, preference, choice and the ever-changing trends in the chain and jewellery designs.

The company has an agreement with P.N. Gadgil & Sons Limited and P. N. Gadgil Art & Culture Foundation includes providing with security guards to all the stores, 24 hours a day where our POS Counters are present.

Competitive Strengths:

  • Long history, established and existing brand name of "P.N. Gadgil & Sons".
  • Extensive product list.
  • Hybrid Shopping model.
  • Experienced Promoters and a well-trained employee base.
  • Effective internal control and processes.

Company Financials

PNGS Gargi Fashion Jewellery Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202.9300.11.280.36
31-Mar-212.640.630.351.620.36
31-Mar-22836.2593.94110.53109.5531.28
30-Sep-221247.771189.18213.171072.71
Amount in ₹ Lakhs

Objects of the Issue

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

1. Funding working capital requirements.

2. General corporate purposes.

PNGS Gargi Fashion Jewellery IPO Details

IPO Date Dec 8, 2022 to Dec 13, 2022
Listing Date Tuesday, December 20, 2022
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Issue Size2,600,000 shares of ₹10
(aggregating up to ₹7.80 Cr)
Fresh Issue2,600,000 shares of ₹10
(aggregating up to ₹7.80 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Market MakerSHRENI SHARES PRIVATE LIMITED
Company Promoters

Mr. Govind Vishwanath Gadgil and Ms. Renu Govind Gadgil are the compny promoters.

PNGS Gargi Fashion Jewellery IPO Tentative Timetable

PNGS Gargi Fashion Jewellery IPO opens on Dec 8, 2022, and closes on Dec 13, 2022. The PNGS Gargi Fashion Jewellery IPO bid date is from Dec 8, 2022 10.00 A.M. to Dec 13, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 8, 2022
Closing Date Dec 13, 2022
Basis of Allotment Dec 16, 2022
Initiation of Refunds Dec 19, 2022
Credit of Shares to Demat Dec 20, 2022
Listing Date Dec 20, 2022

PNGS Gargi Fashion Jewellery IPO Lot Size

The PNGS Gargi Fashion Jewellery IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000
HNI (Min) 2 8,000 ₹240,000

PNGS Gargi Fashion Jewellery IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73%

PNGS Gargi Fashion Jewellery IPO Review

PNGSG is operating in a highly competitive and fragmented segment. The sustainability of margins reported for the last 18 months raises concern. The issue is attractively priced on the basis of its recent super earnings but maintaining such performance going forward holds the key. Well-informed, cash surplus/risk seekers may consider investing in this IPO. Read detail review...


PNGS Gargi Fashion Jewellery IPO Subscription Status (Bidding Detail)

The PNGS Gargi Fashion Jewellery IPO is subscribed 230.94 times on Dec 13, 2022 6:57:00 PM. The public issue subscribed 248.68 times in the retail category, times in the QIB category, and 213.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII213.21
Retail248.68
Total230.94

PNGS Gargi Fashion Jewellery IPO Prospectus

PNGS Gargi Fashion Jewellery IPO Rating

224
3.6
Rating:Rated 3.6 stars
Vote Here ...

PNGS Gargi Fashion Jewellery IPO Listing Date

Listing Date Tuesday, December 20, 2022
BSE Script Code 543709
NSE Symbol
Listing In M Group of Securities
ISIN INE0NT601018
IPO Price ₹30 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹30.00
₹57.00
₹57.00
₹59.85
₹59.85

Company Contact Information

PNGS Gargi Fashion Jewellery Limited
S. No. 37/1 & 37/2,
Near Lokmat New Paper,
Wadgaon, Khurd, Pune – 411 041
Phone: 020 – 2991 1980
Email: info@gargibypng.com
Website: https://www.gargibypng.com/

PNGS Gargi Fashion Jewellery IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

PNGS Gargi Fashion Jewellery IPO Review

PNGS Gargi Fashion Jewellery IPO Recommendation Summary

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Brokers 1 0 0
Members 3 0 1

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PNGS Gargi Fashion Jewellery IPO FAQs

PNGS Gargi Fashion Jewellery IPO is a SME IPO of 2,600,000 equity shares of the face value of ₹10 aggregating up to ₹7.80 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Dec 8, 2022, and closes on Dec 13, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in PNGS Gargi Fashion Jewellery IPO using UPI as a payment gateway. Zerodha customers can apply in PNGS Gargi Fashion Jewellery IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in PNGS Gargi Fashion Jewellery IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'PNGS Gargi Fashion Jewellery IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The PNGS Gargi Fashion Jewellery IPO opens on Dec 8, 2022 and closes on Dec 13, 2022.

PNGS Gargi Fashion Jewellery IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in PNGS Gargi Fashion Jewellery 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 PNGS Gargi Fashion Jewellery IPO will be done on Dec 16, 2022, and the allotted shares will be credited to your demat account by Dec 20, 2022. Check the PNGS Gargi Fashion Jewellery IPO allotment status.

The PNGS Gargi Fashion Jewellery IPO listing date is on Tuesday, December 20, 2022.
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PNGS Gargi Fashion Jewellery IPO Message Board

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319 Comments

145. Hrishikeh Gaikwad |   Link |Jan 9, 2023 11:29:07 AM
0 shares traded still at UC ? with lower wick how?
144. abc xyz |   Link |Jan 5, 2023 11:35:10 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Congratulations to the shareholders of Gargi family. Big congratulations to those who still hold this gem. No one can tell us how high this rally would be going but the future of this company looks bright. Let's see and enjoy the ride of 10% ckt.
143. Hrishikeh Gaikwad |   Link |Jan 5, 2023 10:24:13 AM
everyday UC UC UC
143.1. Pawan Leo |   Link |Jan 6, 2023 11:22:42 AM
New Member New Member
wait for some time. It will be LC LC LC......
142. Earn Smart Money |   Link |Jan 5, 2023 9:45:21 AM
@lokes, @noorul , @Mravi sir, and all experts-
this share is making daily UC. can you please suggest reasons behind it and now it's right time to book profit or still hold?
141. sahab |   Link |Jan 4, 2023 3:17:51 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
apply one retail application
140. Pawan Leo |   Link |Jan 3, 2023 10:05:01 AM
New Member New Member
Can't understand what is so special in this stock that it is continously in upper circuit !
139. ओम |   Link |Dec 31, 2022 11:10:05 PM
Happy new year 2023 all friends 🙏🙏🙏
138. Nobody |   Link |Dec 21, 2022 10:28:59 AM
hello , my amount of Gargi Fashion is still not unblocked what i can do plzz anyone can help me for procedure.
137. abc xyz |   Link |Dec 21, 2022 9:12:04 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Again today may be on +5% upper ckt
Enjoy the ride
136. abc xyz |   Link |Dec 20, 2022 10:01:59 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Today large number of Bulk deal took place and following deals recorded in PNGS
Sanjay Jain : 60000: purchase.
Bp eqities : 60000: purchase.
NK Dhiman : 52000: purchase.
Chirag Gandhi : 52000: purchase.
Arham Share: 52000: purchase.
Parth broker : 52000: purchase.
136.4. lokes |   Link |Dec 22, 2022 8:49:07 PM
IPO Guru IPO Guru (3700+ Posts, 4200+ Likes)
Whoever bought on listing day will be able to sell tomorrow, if tomorrow it is able to sustain uc then it can go upto 75....be careful and watchful tomorrow and take action if circuit breaking....anyways sometimes even after circuit break, again shares closes at uc if new demand comes...
136.5. Earn Smart Money |   Link |Dec 23, 2022 11:17:03 AM
Thanks a lot for your guidance @noorul sir, @lokes sir. Always great to have supportive experts like you.
135. Arjun Rajkot |   Link |Dec 20, 2022 8:55:26 PM
IPO Mentor IPO Mentor (500+ Posts, 1100+ Likes)
Let UC open
Suggest to Book Profit once Circuit open.

Smaal issue Satta going on.
135.1. Jonsnow |   Link |Dec 20, 2022 9:29:56 PM
Sir All e technology ki listing kaisi rahegi??
134. FD is worst |   Link |Dec 20, 2022 5:36:00 PM
Can anyone help me with BOA.
There is no proper explanation for allotment of large applications
133. Arjun Rajkot |   Link |Dec 20, 2022 9:03:25 AM
IPO Mentor IPO Mentor (500+ Posts, 1100+ Likes)
Listing Can be 30+45

Enjoy Listing Gain
133.2. Gujju IPO |   Link |Dec 20, 2022 1:20:43 PM (200+ Posts)
Arjun ji perfect
Now which SME IPO best to apply
Please guide
133.3. JIgar A |   Link |Dec 20, 2022 5:11:36 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Gujju ipo,
He is already told us to apply in arihant and mox.
Thank u
132. SMEIPOKING |   Link |Dec 20, 2022 9:48:13 AM
New Member New Member
Holding for long term. Allotted 3 lots. 1 will sell @90.........This business have huge potential in India.
132.1. kml |   Link |Dec 20, 2022 9:53:04 AM (200+ Posts)
Many many congratulations, dear
How many lots applued by you?
132.2. ratna ratna |   Link |Dec 20, 2022 4:52:29 PM
@SMEIPOKING - 1st of all congratulation for 3 lot allotments. Can you please help us how did you do? I mean to day which method did you follow. May try the same for at least 1 lot sir!!! pls help
131. Barbarik |   Link |Dec 20, 2022 3:58:41 PM
Anyone purchase today?
130. Riyansh |   Link |Dec 20, 2022 10:13:18 AM
@ Mravichandran sir,
What is your view about Amboagri & Pritika ? Are u Holding any of it ?
129. Denim |   Link |Dec 20, 2022 9:54:48 AM
@Takamichi bse sme has fix upside limit of 90% for all ipo or it varies case to case?
129.1. Takamichi |   Link |Dec 20, 2022 9:59:41 AM
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
I don't know the reason but it is fixed from some and it keeps increasing for some....so not a fixed rule.....
It's a rule or glitch i don't have any idea about it.....
I have seen it happening with olatech,daps and now this
129.2. Denim |   Link |Dec 20, 2022 10:03:39 AM
Got it, Thanks 👍
128. Rohan Bajaj |   Link |Dec 20, 2022 9:28:53 AM
Wasn't alloted in IPO. Should we buy @57?
128.2. Rohan Bajaj |   Link |Dec 20, 2022 9:37:03 AM
I want to know if it's viable or worthy of investing @57 or near to it ?
128.3. Denim |   Link |Dec 20, 2022 9:50:38 AM
@Rohan Yes
127. abc xyz |   Link |Dec 20, 2022 8:09:32 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Good day ahead
https://www.bseindia.com/stock-share-price/pngs-gargi-fashion-jewellery-ltd/gargi/543709/
126. Ipoaspire |   Link |Dec 20, 2022 7:26:05 AM
@MRavichandran sir please inform about reetech international..it is going down..can we hold it.
126.1. MRavichandran |   Link |Dec 20, 2022 7:37:49 AM
IPO Guru IPO Guru (1800+ Posts, 2300+ Likes)
@Ipoaspire,
'Reetech' in spite of good LM, is very disappointing so far. Not sure about the future the movements, but I am holding in a hope for turn around at least until next results. Please review and decide yourself

Thanks