P N Gadgil Jewellers Limited IPO (P N Gadgil Jewellers IPO) Detail, IPO Date, Price, GMP & Allotment 2024

P N Gadgil Jewellers Limited IPO Overview

P N Gadgil Jewellers is set to launch an IPO worth ₹1,100 crores, with a fresh issue of ₹850 crores and an offer for sale of ₹250 crores. The IPO opens from September 10-12, 2024, with a listing on BSE and NSE expected on September 17, 2024.

Shares are priced between ₹456 and ₹480, with a minimum lot of 31 shares. Retail investors need to invest at least ₹14,880. Motilal Oswal, Nuvama Wealth, and Bob Capital are lead managers, with Bigshare Services as the registrar. For more details, Refer to P N Gadgil Jewellers IPO RHP for detailed information.

P N Gadgil Jewellers Limited IPO Important dates

P N Gadgil Jewellers IPO opens on September 10, 2024, and closes on September 12, 2024.

P N Gadgil Jewellers Limited IPO Financial Performance

P N Gadgil Jewellers Limited’s revenue increased by 34% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2024 and March 31, 2023.

P N Gadgil Jewellers Limited IPO Key Performance Indicator

The market capitalization of P N Gadgil Jewellers IPO is Rs 6514 Cr.

KPI as of March 31, 2024.

P N Gadgil Jewellers Limited IPO Objectives

• Funding expenditure towards setting up 12 new stores in Maharashtra (New Stores);
• Repayment or pre-payment, in full or part, of certain borrowings availed by the Company; and
• General corporate purposes.

P N Gadgil Jewellers Limited IPO Lot Size

Investors can bid for a minimum of 31 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.

P N Gadgil Jewellers Limited IPO Details

P N Gadgil Jewellers Limited Company Overview and Services

Established in 2013, P N Gadgil Jewellers Limited offers an extensive range of precious metal and jewellery products, including gold, silver, platinum, and diamonds under the renowned brand name “PNG.” The company features eight sub-brands for gold jewellery, such as Saptam, Swarajya, and Rings of Love, catering to various occasions with unique designs. Additionally, P N Gadgil Jewellers provides diamond collections through Eiina and PNG Solitaire, and platinum jewelry under Men of Platinum and Evergreen Love. Customers can also opt for bespoke jewellery designs tailored to their preferences.

As of December 31, 2023, P N Gadgil Jewellers operates 33 stores, including 32 locations across Maharashtra, Goa, and one in the US, totalling approximately 95,885 sq. ft. of retail space. The company manages 23 stores directly and 10 through the FOCO (franchisee-owned and company-operated) model. Their store formats vary, with 19 large formats (2,500 sq. ft. or more), 11 medium formats (1,000 to 2,500 sq. ft.), and 3 small formats (less than 1,000 sq. ft.). As of September 30, 2023, the company employs 1,152 people, reflecting its significant growth and operational scale.

P N Gadgil Jewellers Limited IPO SWOT Analysis

Strengths:

• Established Brand: P N Gadgil Jewellers has a strong brand presence in the jewellery industry, which can attract investor confidence.
• Significant Issue Size: With a substantial issue size of ₹1,100 crores, the IPO could generate considerable interest and liquidity.
• Diverse Offerings: The company’s diverse product range appeals to a broad customer base, enhancing its market position.
• Experienced Management: The involvement of reputed lead managers like Motilal Oswal, Nuvama Wealth, and Bob Capital lends credibility to the IPO.

Weaknesses:

• High Valuation: The price band of ₹456 to ₹480 per share may be perceived as high, which could impact investor appetite.
• Market Volatility: The performance of the IPO may be affected by current market conditions and investor sentiment.
• Limited Track Record: If the company has a limited financial history or inconsistent performance, it could raise concerns among potential investors.

Opportunities:

• Growth Potential: The IPO provides capital for expansion and growth, potentially leading to increased market share and profitability.
• Increased Visibility: Listing on BSE and NSE can enhance the company’s visibility and brand recognition.
• Sector Demand: The growing demand for jewellery in India and globally can drive future revenue and growth opportunities for the company.

Threats:

• Economic Conditions: Fluctuations in the economy or changes in consumer spending could impact the company’s financial performance.
• Competitive Market: The jewellery sector is highly competitive, with many players vying for market share, which could pressure margins.
• Regulatory Risks: Changes in regulations or compliance requirements could pose challenges and impact operations.

P N Gadgil Jewellers Limited IPO GMP Details

P N Gadgil Jewellers IPO last GMP is ₹177, last updated Sep 7th 2024. With the price band of 480.00, P N Gadgil Jewellers IPO’s estimated listing price is ₹657 (cap price + today’s GMP). The expected percentage gain/loss per share is 36.88%.

Stay with us to know the daily price trend of P N Gadgil Jewellers IPO  GMP with an expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
07-09-2024	480.00	₹177	4200/58800	₹657 (36.88%)	7-Sep-2024
06-09-2024	480.00	₹177	4200/58800	₹657 (36.88%)	6-Sep-2024
05-09-2024	480.00	₹165	3900/54600	₹645 (34.38%)	5-Sep-2024
04-09-2024		₹0	—	₹ (0%)	4-Sep-2024
03-09-2024		₹0	—	₹ (0%)	3-Sep-2024

P N Gadgil Jewellers Limited IPO subscription status 

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

P N Gadgil Jewellers Limited IPO Allotment status

The allotment status of P N Gadgil Jewellers IPO is expected to be available on September 13, 2024.

P N Gadgil Jewellers IPO allotment status is not available at this time. P N Gadgil Jewellers IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for P N Gadgil Jewellers Limited IPO allotment status.

To check P N Gadgil Jewellers IPO allotment status, follow the steps below:

1. Click on the allotment status check button below.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.

P N Gadgil Jewellers Limited IPO Contact Details

P N Gadgil Jewellers Limited
694,
Narayan Peth,
Pune – 411 030
Phone: +912024478474
Email: secretarial@pngadgil.com
Website: https://www.pngjewellers.com/

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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.