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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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2.93 | 0 | 0.1 | 1.28 | 0.36 |
| 31-Mar-21 | 2.64 | 0.63 | 0.35 | 1.62 | 0.36 |
| 31-Mar-22 | 836.2 | 593.94 | 110.53 | 109.5 | 531.28 |
| 30-Sep-22 | 1247.77 | 1189.18 | 213.17 | 1072.71 | |
| Amount in ₹ Lakhs | |||||
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.
| 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 Size | 2,600,000 shares of ₹10 (aggregating up to ₹7.80 Cr) |
| Fresh Issue | 2,600,000 shares of ₹10 (aggregating up to ₹7.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | SHRENI SHARES PRIVATE LIMITED |
| Company Promoters | Mr. Govind Vishwanath Gadgil and Ms. Renu Govind Gadgil are the compny promoters. |
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 |
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 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73% |
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...
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)
| Category | Subscription (times) |
|---|---|
| NII | 213.21 |
| Retail | 248.68 |
| Total | 230.94 |
| 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 |
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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.
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