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P N Gadgil Jewellers IPO

  • Status: Closed
  • RHP:
  • ₹ 14,136 / 31 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    17 Sep 2024

  • Listing Price

    ₹834.00

  • Listing Change

    73.75%

  • Last Traded Price

    ₹696.45

IPO Details

  • Open Date

    10 Sep 2024

  • Close Date

    12 Sep 2024

  • IPO Price Range

    ₹ 456 to ₹ 480

  • IPO Size

    ₹ 1,100.00 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    17 Sep 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

P N Gadgil Jewellers IPO Subscription Status

Last Updated: 13 September 2024 10:08 AM by 5Paisa

Last Updated: 12th September 2024, 06:06 PM by 5paisa

P N Gadgil Jewellers IPO is set to open on 10 September 2024 and will close on 12 September 2024. The company offers a variety of gold, silver, platinum, and diamond jewelry under the brand name PNG with options in different designs and price ranges.

The PNG IPO includes a fresh issue of  1.77 crore shares aggregating ₹850 Cr and an offer for sale of  0.52 crore shares aggregating ₹250.00 Cr. The price range is set between ₹456 to ₹480 per share and the lot size is 31 shares. 

The allotment is scheduled to be finalized on 13 September 2024. It will go public on BSE & NSE, with a tentative listing date of 17 September 2024.

Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and Bob Capital Markets Limited are the book-running lead managers, while Bigshare Services Pvt Ltd is the registrar. 

PNG IPO Size

Types Size (₹Cr)
Total IPO Size 1,100.00
Offer For Sale 250.00
Fresh Issue 850.00

 

PNG IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 31 ₹14,880
Retail (Max) 13 403 ₹193,440
S-HNI (Min) 14 434 ₹208,320
S-HNI (Max) 67 2,077 ₹996,960
B-HNI (Min) 68 2,108 ₹1,011,840

 

PNG IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 136.85 48,24,560 66,02,26,623 31,690.88
NII (HNI) 56.08 36,18,421 20,29,36,664 9,740.96
Retail 16.58 84,42,983 13,99,54,026 6,717.79
Total 59.41 1,68,85,964 1,00,31,17,313 48,149.63

 

PNG IPO Anchor Allocation

Anchor Bid Date 9 September, 2024
Shares Offered 6,874,999
Anchor Portion Size (In Cr.) 1,758.00
Lock in Period for 50% shares (30 days) 13 October, 2024
Lock in Period for rest of shares (90 days) 12 December, 2024

 

1. Setting up 12 new stores in Maharashtra.
2. Repaying or prepaying some of the company’s borrowings.
3. General corporate purposes.
 

P N Gadgil Jewellers Limited, founded in 2013, offers a range of jewelry including gold, silver, platinum, and diamonds under the PNG brand. They have 8 sub-brands for gold jewelry, 2 for diamond jewelry, and 2 for platinum jewelry. The company provides custom-made jewelry options.

By 31 December 2023, they operated 33 stores—32 in Maharashtra, Goa, and 1 in the US totaling about 95,885 sq. ft. They own 23 stores and franchise 10 more. The stores vary in size 19 large, 11 medium, and 3 small. As of 30 September 2023, the company employed 1,152 people.

Peers

● Kalyan Jewellers India Limited
● Senco Gold Limited
● Thangamayil Jewellery Ltd

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 6,119.1 4,559.31 2,586.31
EBITDA 277.43  174.52  141.98
PAT 154.34 93.7 69.52
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 1,464.98 1,062.55 1,110.24
Share Capital 118  55.2  55.2 
Total Borrowings 396.5 283.21 294.95
Particulars (in Rs. Crores) FY24(Consolidated) FY23(Standalone) FY22(Standalone)
Net Cash Generated From / (used in) operating activities 6.32  1,04.77 72.76
Net Cash Generated From / (used in) investing activities -48.76 -45.02 -21.61
Net Cash Generated From / (used in) financing activities 50.96  -54.57 -45.70
Net Increase (Decrease) In Cash And Cash Equivalents 8.52  5.18 5.45

Strengths

1. The company is well-established with a strong reputation and legacy in the jewelry industry, which adds credibility and trust.
2. It is the second-largest organized jewelry retailer and one of the fastest-growing brands in Maharashtra, highlighting its significant market presence and rapid expansion.
3. The company offers a wide variety of jewelry products across different categories and price ranges. It is supported by an experienced promoter and management team known for their effective execution and business growth.

Risks

1. The jewelry industry is highly competitive, with numerous established players and new entrants. Increased competition could impact the company’s market share and profitability.
2. Jewelry sales can be sensitive to economic fluctuations and changes in consumer spending. Economic downturns or reduced consumer confidence could negatively affect the company’s sales and growth
3. Managing a large number of stores and a diverse product portfolio can be challenging. Issues such as supply chain disruptions, store management, or quality control problems could impact operational efficiency and financial performance.

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FAQs

P N Gadgil Jewellers IPO opens from 10 September to 12 September 2024.

The size of P N Gadgil Jewellers IPO is ₹1,100.00 crores.

The price of P N Gadgil Jewellers IPO is fixed at ₹456 to ₹480 per share. 

To apply for P N Gadgil Jewellers IPO, follow the steps given below:

1. Login to your 5paisa account and select the issue in the current IPO section    
2. Enter the number of lots and the price at which you wish to apply for the P N Gadgil Jewellers IPO.    
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of P N Gadgil Jewellers IPO is 31 shares and the minimum investment required is ₹₹14,136.
 

The share allotment date of P N Gadgil Jewellers IPO is 13 September 2024

The P N Gadgil Jewellers IPO will be listed on 17 September 2024.

Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and Bob Capital Markets Limited are the book-running lead managers for P N Gadgil Jewellers IPO.
 

P N Gadgil Jewellers plans to utilize the raised capital from the IPO for:

● Setting up 12 new stores in Maharashtra.
● Repaying or prepaying some of the company’s borrowings.
● General corporate purposes.