P N Gadgil Jewellers Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 11,458,332 (50%) | — | ₹55,000 Cr |
| NII (HNI) | — | 3,437,500 (15%) | — | ₹16,500 Cr |
| Retail | — | 8,020,834 (35%) | — | ₹38,500 Cr |
| Σ Total | — | 22,916,666 (100%) | — | ₹1,100,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 31 | ₹14,880 |
| Retail (Max) | 13 | 403 | ₹193,440 |
| S-HNI (Min) | 14 | 434 | ₹208,320 |
| B-HNI (Min) | 67 | 2,077 | ₹996,960 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 6,119 | 4,559 | 2,586 |
| Profit After Tax | 154 | 94 | 70 |
| Net Worth | 534 | 366 | 282 |
| Total Assets | 1,465 | 1,063 | 1,110 |
| Reserves & Surplus | — | 256 | 191 |
| Total Borrowing | 397 | 283 | 295 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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. –
Company Overview
P N Gadgil Jewellers Limited was established in 2013 and offers a wide range of precious metal/jewelry products including gold, silver, platinum, and diamond jewelry under its brand name "PNG" in various price ranges and designs.
As of December 31, 2023, the Company has 8 sub-brands offering gold jewelry collections for various occasions, namely Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Litestyle, Pratha and Yoddha, two sub-brands offering diamond jewelry collections, namely Eiina and PNG Solitaire, and two sub-brands offering platinum jewelry collections, namely Men of Platinum and Evergreen Love. The company also offers its customers the option of having jewelry made to measure.
As of December 31, 2023, the Company had grown to 33 stores, including 32 stores across 18 cities in Maharashtra and Goa and one store in the US with a total retail space of approximately 95,885 sq. ft. All stores are operated and managed by the company, with 23 stores owned by the company and 10 stores operated by franchisees under the FOCO (franchisee-owned and company-operated) model. Of these stores, 19 are large format (2,500 sq. ft. or more), 11 are medium format (between 1,000 sq. ft. to 2,500 sq.ft.) and 3 are small format (less than 1,000 sq. ft.).
As of September 30, 2023, the company had 1,152 employees.