P N Gadgil Jewellers Ltd IPO
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P N Gadgil Jewellers Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 229.17 L | ₹ 52.08 L | ₹ 80.21 L | ₹ 1,180 L | BSE | ₹ 1100 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 Sep, 24 | 12 Sep, 24 | 31 | ₹ 14,136 | Book Building | 17 Sep, 24 |
P N Gadgil Jewellers Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 57.62x | 11458334 | 660226623 |
| NII | 59.03x | 3437500 | 202928108 |
| Retail | 17.45x | 8020833 | 139943641 |
| Employee | 0x | 0 | 0 |
| Total | 43.77x | 22916667 | 1003098372 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
P N Gadgil Jewellers Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4,507.52 | 2,555.63 | 1,930.06 |
| EBITDA | 117.86 | 94.63 | 68.18 |
| PAT | 55.29 | 40.04 | 7.49 |
| Total Assets | 814.75 | 870.84 | 775.43 |
| Share Capital | 118.00 | 118.00 | 118.00 |
| Total Borrowings | 400.51 | 383.36 | 338.30 |
| Operating Activities (Net Cash) | 74.18 | 59.40 | 31.17 |
| Investing Activities (Net Cash) | 8.75 | 18.45 | 42.43 |
| Financing Activities (Net Cash) | 400.51 | 383.36 | 338.30 |
| Net Cashflow | 46.54 | 43.65 | 21.14 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Kalyan Jewellers India Ltd
- Senco Gold Ltd
- Thangamayil Jewellery Ltd
P N Gadgil Jewellers Ltd IPO 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.
- 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.
How To Apply for P N Gadgil Jewellers Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
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.
