P N Gadgil Jewellers IPO
IPO Listing Details
- Listing Date
17 Sep 2024
- Listing Price
₹834.00
- Listing Change
73.75%
- Last Traded Price
₹646.10
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
IPO Timeline
P N Gadgil Jewellers IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
10-Sep-24 | 0.01 | 3.28 | 2.68 | 2.05 |
11-Sep-24 | 0.10 | 16.05 | 7.15 | 7.04 |
12-Sep-24 | 136.85 | 56.08 | 16.58 | 59.41 |
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
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.
Contact Information
P N Gadgil Jewellers
P N Gadgil Jewellers Limited
694,
Narayan Peth,
Pune - 411 030
Phone: +912024478474
Email: secretarial@pngadgil.com
Website: https://www.pngjewellers.com/
P N Gadgil Jewellers IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
P N Gadgil Jewellers IPO Lead Manager
Motilal Oswal Investment Advisors Limited
Nuvama Wealth Management Limited
Bob Capital Markets Limited
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