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

December 8, 2022 - December 13, 2022

PNGS Gargi Fashion Jewellery IPO is a fixed price issue of Rs 7.80 crores. The issue is entirely a fresh issue of 26 lakh shares.

PNGS Gargi Fashion Jewellery IPO bidding started from December 8, 2022 and ended on December 13, 2022. The allotment for PNGS Gargi Fashion Jewellery IPO was finalized on Friday, December 16, 2022. The shares got listed on BSE SME on December 20, 2022.

PNGS Gargi Fashion Jewellery IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹240,000.

Shreni Shares Limited is the book running lead manager of the PNGS Gargi Fashion Jewellery IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for PNGS Gargi Fashion Jewellery IPO is Shreni Shares.

Refer to PNGS Gargi Fashion Jewellery IPO RHP for detailed information.

PNGS Gargi Fashion Jewellery IPO Details

IPO Date December 8, 2022 to December 13, 2022
Listing Date December 20, 2022
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Total Issue Size2,600,000 shares
(aggregating up to ₹7.80 Cr)
Fresh Issue2,600,000 shares
(aggregating up to ₹7.80 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion136,000 shares
Shreni Shares

PNGS Gargi Fashion Jewellery IPO Reservation

PNGS Gargi Fashion Jewellery IPO offers 2,600,000 shares. 1,232,000 (47.38%) to NII, 1,232,000 (47.38%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered136,000 (5.23%)
Other Shares Offered1,232,000 (47.38%)
Retail Shares Offered1,232,000 (47.38%)
Total Shares Offered2,600,000 (100%)

PNGS Gargi Fashion Jewellery IPO Timeline (Tentative Schedule)

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

IPO Open Date Thursday, December 8, 2022
IPO Close Date Tuesday, December 13, 2022
Basis of Allotment Friday, December 16, 2022
Initiation of Refunds Monday, December 19, 2022
Credit of Shares to Demat Tuesday, December 20, 2022
Listing Date Tuesday, December 20, 2022
Cut-off time for UPI mandate confirmation 5 PM on December 13, 2022

PNGS Gargi Fashion Jewellery IPO Lot Size

Investors can bid for a minimum of 4000 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 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000
HNI (Min) 2 8,000 ₹240,000
Lot Size Calculator

PNGS Gargi Fashion Jewellery IPO Promoter Holding

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

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

About PNGS Gargi Fashion Jewellery Limited

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

Key Performance Indicator

The market capitalization of PNGS Gargi Fashion Jewellery IPO is Rs 28.88 Cr.

Pre IPO Post IPO
P/E (x) 6.77

Objects of the Issue (PNGS Gargi Fashion Jewellery IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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 December 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)
Other213.21
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 Details

Listing Date December 20, 2022
BSE Script Code 543709
NSE Symbol
ISIN INE0NT601018
Final Issue Price ₹30 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹30.00
₹57.00
₹57.00
₹59.85
₹59.85

Check IPO Performance…

PNGS Gargi Fashion Jewellery Limited Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

PNGS Gargi Fashion Jewellery IPO - Buy or Not

PNGS Gargi Fashion Jewellery IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 3 0 1

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PNGS Gargi Fashion Jewellery IPO Lead Manager(s)

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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 December 8, 2022, and closes on December 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 December 8, 2022 and closes on December 13, 2022.

PNGS Gargi Fashion Jewellery IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.

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 Friday, December 16, 2022, and the allotted shares will be credited to your demat account by Tuesday, December 20, 2022. Check the PNGS Gargi Fashion Jewellery IPO allotment status.

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

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319 Comments

145. Hrishikeh Gaikwad |   Link |  Bookmark |January 9, 2023 10:29:07 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
0 shares traded still at UC ? with lower wick how?
144. abc xyz |   Link |  Bookmark |January 5, 2023 10:35:10 PM
IPO Guru IPO Guru (1000+ Posts, 800+ 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 |  Bookmark |January 5, 2023 9:24:13 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
everyday UC UC UC
143.1. Pawan Leo |   Link |  Bookmark |January 6, 2023 10:22:42 AM
wait for some time. It will be LC LC LC......
142. Earn Smart Money |   Link |  Bookmark |January 5, 2023 8:45:21 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 |  Bookmark |January 4, 2023 2:17:51 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
apply one retail application
140. Pawan Leo |   Link |  Bookmark |January 3, 2023 9:05:01 AM
Can't understand what is so special in this stock that it is continously in upper circuit !
139. ओम |   Link |  Bookmark |December 31, 2022 10:10:05 PM
Happy new year 2023 all friends 🙏🙏🙏
138. Nobody |   Link |  Bookmark |December 21, 2022 9:28:59 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 |  Bookmark |December 21, 2022 8:12:04 AM
IPO Guru IPO Guru (1000+ Posts, 800+ Likes)
Again today may be on +5% upper ckt
Enjoy the ride
136. abc xyz |   Link |  Bookmark |December 20, 2022 9:01:59 PM
IPO Guru IPO Guru (1000+ Posts, 800+ 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 |  Bookmark |December 22, 2022 7:49:07 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ 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 |  Bookmark |December 23, 2022 10:17:03 AM
Thanks a lot for your guidance @noorul sir, @lokes sir. Always great to have supportive experts like you.
135. Arjun Rajkot |   Link |  Bookmark |December 20, 2022 7:55:26 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
Let UC open
Suggest to Book Profit once Circuit open.

Smaal issue Satta going on.
135.1. Jonsnow |   Link |  Bookmark |December 20, 2022 8:29:56 PM (300+ Posts)
Sir All e technology ki listing kaisi rahegi??
134. FD is worst |   Link |  Bookmark |December 20, 2022 4:36:00 PM
Can anyone help me with BOA.
There is no proper explanation for allotment of large applications
133. Arjun Rajkot |   Link |  Bookmark |December 20, 2022 8:03:25 AM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
Listing Can be 30+45

Enjoy Listing Gain
133.2. Gujju IPO |   Link |  Bookmark |December 20, 2022 12:20:43 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Arjun ji perfect
Now which SME IPO best to apply
Please guide
133.3. JIgar A |   Link |  Bookmark |December 20, 2022 4:11:36 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Gujju ipo,
He is already told us to apply in arihant and mox.
Thank u
132. SMEIPOKING |   Link |  Bookmark |December 20, 2022 8:48:13 AM
Holding for long term. Allotted 3 lots. 1 will sell @90.........This business have huge potential in India.
132.1. kml |   Link |  Bookmark |December 20, 2022 8:53:04 AM (300+ Posts)
Many many congratulations, dear
How many lots applued by you?
132.2. ratna ratna |   Link |  Bookmark |December 20, 2022 3:52:29 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 |  Bookmark |December 20, 2022 2:58:41 PM
Anyone purchase today?
130. Riyansh |   Link |  Bookmark |December 20, 2022 9:13:18 AM (200+ Posts)
@ Mravichandran sir,
What is your view about Amboagri & Pritika ? Are u Holding any of it ?
129. Denim |   Link |  Bookmark |December 20, 2022 8:54:48 AM
@Takamichi bse sme has fix upside limit of 90% for all ipo or it varies case to case?
129.1. Takamichi |   Link |  Bookmark |December 20, 2022 8:59:41 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ 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 |  Bookmark |December 20, 2022 9:03:39 AM
Got it, Thanks 👍
128. Rohan Bajaj |   Link |  Bookmark |December 20, 2022 8:28:53 AM (300+ Posts)
Wasn't alloted in IPO. Should we buy @57?
128.2. Rohan Bajaj |   Link |  Bookmark |December 20, 2022 8:37:03 AM (300+ Posts)
I want to know if it's viable or worthy of investing @57 or near to it ?
128.3. Denim |   Link |  Bookmark |December 20, 2022 8:50:38 AM
@Rohan Yes
127. abc xyz |   Link |  Bookmark |December 20, 2022 7:09:32 AM
IPO Guru IPO Guru (1000+ Posts, 800+ Likes)
Good day ahead
https://www.bseindia.com/stock-share-price/pngs-gargi-fashion-jewellery-ltd/gargi/543709/
126. Ipoaspire |   Link |  Bookmark |December 20, 2022 6:26:05 AM (300+ Posts)
@MRavichandran sir please inform about reetech international..it is going down..can we hold it.
126.1. MRavichandran |   Link |  Bookmark |December 20, 2022 6:37:49 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ 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