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P N Gadgil Jewellers Ltd IPO

P N Gadgil Jewellers Limited offers a wide range of precious metal / jewellery products including gold, silver, platinum and diamond jewellery, across various price points and designs which cover the need of its customers and include collections that are specifically designed for special occasions as well as everyday wear jewellery. Its products are primarily sold under its flagship brand, `PNG', and various sub - brands, through multiple channels, including our 39 retail stores (as on July 31, 2024) and various online marketplaces, including its website. The Company faces competition from both the organized and unorganised sectors as well as from players that has a pan India presence, namely, Titan Company Limited (Tanishq), Kalyan Jewellers India Limited and Senco Gold Limited.

P N Gadgil Jewellers Ltd IPO Details

Total Shares Offered

₹ 2,29,16,667

Offer to Public

52,08,333

Retail Max (Shares)

₹ 80,20,833

Pre Issue Promoters Holding

₹ 11,79,99,600

Exchange

BSE

Issue size

₹ 1100 Cr

IPO Open Date

Sep 10, 2024

Close Date

Sep 12, 2024

Lot Size

Min Investment

₹ 14,136

Issue Type

Book Building

Listing Date

Sep 17, 2024

P N Gadgil Jewellers Ltd IPO Dates

Sep 10, 2024

Opening date

Sep 12, 2024

Closing date

Sep 13, 2024

Basis of Allotment

Sep 16, 2024

Initiation of Refunds

Sep 16, 2024

Credit of Shares

Sep 17, 2024

Listing date

Details

Sector	Type
Sector	Diamond Cutting
Sub Sector	Jewellery
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	11458334
NII	0x	3437500
Retail	0x	8020833
Employee	0x	0
Total	0x	22916667

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

11458334

3437500

8020833

22916667

P N Gadgil Jewellers Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	7,693.47	6,112.02	4,507.52
EBITDA	355.08	250.83	117.86
PAT	214.88	154.19	55.29
Total Assets	2,646.03	1,188.82	814.75
Share Capital	135.71	118.00	118.00
Total Borrowings	873.09	486.87	400.51
Operating Activities (Net Cash)	247.66	175.39	74.18
Investing Activities (Net Cash)	50.28	42.62	8.75
Financing Activities (Net Cash)	873.09	486.87	400.51
Net Cashflow	521.93	74.84	46.54

About P N Gadgil Jewellers Ltd

P N Gadgil Jewellers Limited was originally incorporated as P N Gadgil Jewellers Private Limited, a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated October 28, 2013, issued by the Registrar of Companies, Maharashtra at Pune (the RoC). The name of the Company was subsequently changed to P N Gadgil Jewellers Limited, upon conversion of the Company from a private limited to a public limited company, pursuant to a board resolution dated February 16, 2023, and a shareholders' resolution dated March 10, 2023, and a fresh certificate of incorporation was issued on April 5, 2023, by the RoC.

The Indian jewellery retail sector's size in FY 2023 was close to USD 70 billion. Within this landscape, organized retail accounted for about 37%, encompassing both national and regional players. The fine jewellery segment in India constitutes about 90% of the overall jewellery market. It is further categorized into gold and non-gold categories, with non-gold encompassing diamond, platinum, silver, platinum, and other materials.

Peer Comparison:

Kalyan Jewellers India Ltd
Senco Gold Ltd
Thangamayil Jewellery Ltd

P N Gadgil Jewellers Ltd Key Points

Strengths

Well established and trusted legacy brand in Maharashtra.

Second largest organised retail jewellery player and one of the fastest growing brand in Maharashtra.

Diversified product portfolio across categories and price points.

Experienced Promoter and management team with proven execution capabilities.

Strong historical financial results.

Risk

The strength of the brands the company use are crucial to its success. Any reputational damage to the brand, name or logo could have an adverse effect on its financial condition, cash flows and results of operations.

Its inability to effectively market the company products, or any deterioration in public perception of its brand, could affect consumer footfall and consequently adversely impact its business, financial condition, cash flows and results of operations.

Its inability to identify market trends and customer demand accurately and maintain an optimal level of inventory in its stores may impact the company operations adversely.

Strategy

Expand its retail network in western India by leveraging its brand.

Continue to invest in its marketing and brand building initiatives.

Focus on increasing footfalls in its existing stores and increasing the average transaction value.

Increase its digital presence to increase customer base and sales.

How To Apply for P N Gadgil Jewellers Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the P N Gadgil Jewellers Ltd IPO?

P N Gadgil Jewellers Ltd's IPO offers shares for up to 850 It begins on Sep 10, 2024 and ends on Sep 12, 2024.

What is the price of the P N Gadgil Jewellers Ltd IPO?

The price of P N Gadgil Jewellers Ltd IPO ranges between ₹456 to ₹480 per share.

What are the open and close dates for the P N Gadgil Jewellers Ltd IPO?

The P N Gadgil Jewellers Ltd IPO opens on Sep 10, 2024 and closes on Sep 12, 2024.

When will the P N Gadgil Jewellers Ltd IPO be allotted?

The allotment for the P N Gadgil Jewellers Ltd IPO will be finalised on Sep 13, 2024. The shares will be listed on BSE and NSE on Sep 17, 2024.

What is the minimum lot size required for P N Gadgil Jewellers Ltd IPO?

The minimum lot size for P N Gadgil Jewellers Ltd IPO is 31 shares, priced between ₹456 to ₹480 per share.

What is the GMP of P N Gadgil Jewellers Ltd IPO?

The GMP (Grey Market Premium) of P N Gadgil Jewellers Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of P N Gadgil Jewellers Ltd IPO?

To check the allotment status of P N Gadgil Jewellers Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the P N Gadgil Jewellers Ltd IPO getting listed?

The P N Gadgil Jewellers Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 10, 2024, and closes on Sep 12, 2024. The allotment is finalised on Sep 13, 2024.

How do you apply for the P N Gadgil Jewellers Ltd IPO?

To apply for the P N Gadgil Jewellers Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.