P N GADGIL JEWELLERS IPO

P N GADGIL JEWELLERS IPO is listed on BSE and NSE, priced at ₹456–₹480 per share. The stock debuted at ₹830, delivering a listing gain of 72.9%. The IPO had a lot size of ₹31 shares and a minimum investment of ₹14,880.

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P N GADGIL JEWELLERS Limited IPO

Mainboard Listed
₹14,880 (31 Shares)
Minimum Investment
Check Allotment
IPO Dates
Sep 10, 2024 – Sep 12, 2024
Price band
₹456-480 per equity share
Minimum Investment
₹14,880
Issue size
₹1100 Cr
Lot size
31
Allotment Date
Sep 13, 2024
Listing
Sep 17, 2024
Listing At
BSE, NSE

  1. Sep 10, 2024

    Open Date

    Completed

  2. Sep 12, 2024

    Close Date

    Completed

  3. Sep 13, 2024

    Allotment Date

    Completed

  4. Sep 17, 2024

    Listing Date

    Completed

Price Summary

Last closing
536.25 (11.72%)
52 week high
736.40
52 week low
503.00
Last update

P N GADGIL JEWELLERS IPO Essentials

P N GADGIL JEWELLERS IPO Details

P N GADGIL JEWELLERS IPO is priced at ₹456-480 per share with a total issue size of 1100 crore. The IPO has a lot size of 31 shares and is listed on BSE and NSE.

Issue price
₹456-480 per equity share
Lot size
31 shares
Face value
₹10 Per Equity Share
Issue size
Total ₹1,100 Cr :
#Fresh Issue : 17,708,334 shares(aggregating up to ₹850.0 Cr) +
#OFS : 5,208,333 shares of ₹10(aggregating up to ₹250.0 Cr)
Total issue size
2,29,16,667 shares
(aggregating up to ₹1100 crore)
Fresh issue
1,77,08,334 shares
(aggregating up to ₹850 crore)
Offer for sale (OFS)
52,08,333 shares
(aggregating up to ₹250 crore)
Listing at
BSE, NSE
List price
830.0(NSE)
Listing date
Registrar
Bigshare Services Pvt Ltd
Lead manager
Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, Bob Capital Markets Limited

Market Lot Size

Investors can bid for a minimum of 31 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 31 ₹14,880
Retail(max) 13 403 ₹1,93,440

P N GADGIL JEWELLERS IPO Documents

DRHP

RHP

ANCHOR

P N GADGIL JEWELLERS IPO Reservation

P N GADGIL JEWELLERS IPO reservation details show category-wise allocation of shares. Out of the total 2,37,60,963 shares, approximately 20.3% are reserved for QIB, 15.23% for NII, 35.53% for retail investors, and 28.93% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 68,74,999 (28.93%)
QIB Shares Offered 48,24,560 (20.3%)
NII (HNI) Shares Offered 36,18,421 (15.23%)
bHNI > ₹10L 24,12,281 (10.15%) 5,558
sHNI < ₹10L 12,06,140 (5.08%) 2,779
Retail Shares Offered 84,42,983 (35.53%) 2,72,354
Total Shares Offered 2,37,60,963 (100%)

P N GADGIL JEWELLERS IPO Analytics

P N GADGIL JEWELLERS IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

P N GADGIL JEWELLERS IPO Subscription Status

P N GADGIL JEWELLERS IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

As on QIB
NII
bHNI
sHNI
 Retail Total
Shares Offered / Reserved 4,824,560
3,618,421
2,412,281
1,206,140
8,442,983 16,885,964
Day 1 10-09-24 05:00 PM
0.01 x
3.25x
2.86x
4.04x
2.60 x 2.00 x
Day 2 11-09-24 05:00 PM
0.08 x
15.74x
15.09x
17.06x
6.98 x 6.89 x
Day 3 12-09-24 05:00 PM
136.85 x
56.08x
59.11x
50.01x
16.55 x 59.39 x

Anticipated Subscription on the basis of Applications

Total No. of Applications
bHNI sHNI Retail
39,84,354 (Approx) —x —x 14.64x

Subscription levels combined with expected premium trends indicate overall market sentiment and possible listing expectations for the IPO.

P N GADGIL JEWELLERS Valuations

Earnings

EPS Pre IPO
₹13.08/-
EPS Post IPO
₹11.37/-
P/E Pre IPO
36.7
P/E Post IPO
42.2

Returns

ROE
28.88%
ROCE
27.31%
RoNW
28.88%
PAT Margin
2.53

Fundamentals

Debt / Equity
0.74
Price / Book
10.60

Data sourced from DRHP / RHP • For educational purposes only

P N GADGIL JEWELLERS Financials( In Crs.)

31-Mar-24 31-Mar-23 31-Mar-22
Assets 1,464.98 1,062.55 1,110.24
Revenue 6,119.1 4,559.31 2,586.31
Profit After Tax 154.34 93.7 69.52
Net Worth 534.38 365.73 282.01
Total Borrowing 396.5 283.21 294.93

P N GADGIL JEWELLERS financials show revenue growth and profitability trends over recent years, indicating business stability.

P N GADGIL JEWELLERS Company & Offer Insights

About P N GADGIL JEWELLERS

P N GADGIL JEWELLERS is the second biggest organized jewellery company in Maharashtra, India due to its solid brand footing and presence in area. Furthermore, it is a rapidly expanding jewellery brand in India, operating in the Maharashtra region. The company offers extensive selection to its clientele for precious metal/jewellery items, including gold, silver, platinum, and diamond jewellery, from varying price points and designs. As of Dec 31, 2023, the firm had 33 outlets and all its stores are operated and manage under the franchisee-owned (FOCO) and company-operated (COCO) models. Following the IPO, the business intends to extend its network by building 12 new stores in Maharashtra over the course of 3 years, all funded by the IPO proceeds.

P N GADGIL JEWELLERS Promoter(s)

Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, SVG Business Trust are the company's promoters of P N GADGIL JEWELLERS.

Pre-Issue Holding
100%
Post-Issue Holding
83.11%

P N GADGIL JEWELLERS IPO Issue 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 our Company
•
General corporate purposes.

P N GADGIL JEWELLERS IPO - Anchor Investors

PN Gadgil Jewellers collects Rs 330 cr from anchor investors.

ICICI Prudential Life Insurance Company, Tata Mutual Fund (MF), Axis MF, Mirae Asset MF, HDFC MF, Bandhan MF, Nippon India MF, Goldman Sachs (Singapore) Pte, Citigroup Global Markets Mauritius, Societe Generale, Troo Capital, The Jupiter Global Fund are among the anchor investors.

P N GADGIL JEWELLERS IPO - Peers Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
P N Gadgil Jewellers Limited 21.59 13.08 45.29 N/A 28.88 10.67 Standalone
Kalyan Jewellers India Limited 5.8 5.8 40.67 101.53 14.23 14.7 Standalone
Senco Gold Limited 24.06 23.98 175.74 45.5 13.26 6.23 Standalone
Thangamayil Jewellery Ltd 44.91 44.91 179.74 42.89 24.99 10.76 Standalone

Notes:

  1. Basic and diluted earnings/ (loss) per equity share: Basic and diluted earnings/ (loss) per equity share are computed by Indian Accounting Standard 33 notified under the Companies (Indian Accounting Standards) Rules of 2015 (as amended).
  2. Net worth is calculated as the sum of Share capital, other equity and reserves of a disposal group held for sale.
  3. Net Asset Value per share is calculated by dividing Restated equity attributable to owners of the Company by Weighted average number of equity shares outstanding during the period.
  4. Return on Net Worth (%) = Restated net profit/(loss) after tax for the years/period attributable to the owners of the Company / Equity attributable to owners of the Company.
  5. P/E Ratio for the peer group has been computed based on the closing market price of equity shares on NSE as on August 23, 2024, divided by the diluted EPS.

P N GADGIL JEWELLERS IPO - Strengths and Risks

P N GADGIL JEWELLERS IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

P N Gadgil Jewellers Limited boasts a well-established and trusted legacy brand in Maharashtra. With 33 stores, the company offers a diverse range of designs and products across gold, diamond, silver, and platinum, catering to various occasions and preferences.
As the second largest organised retail jewellery player in Maharashtra, P N Gadgil Jewellers Limited is strategically positioned for growth. With a focus on expanding its footprint in Tier II and Tier III cities, the company aims to capitalise on the vast market potential in Maharashtra. The Indian jewellery retail sector's expected growth also presents ample opportunities for the company to solidify its market presence.
The company's diverse product portfolio, comprising over 10,000 SKUs in gold, 1,200 SKUs in silver, 2,700 SKUs in platinum, and 24,000 SKUs in diamond jewellery designs, caters to a wide range of customer preferences and price points. Utilising its brand strength and understanding of consumer needs in Maharashtra, P N Gadgil Jewellers Limited curates designs that resonate with local tastes while also appealing to broader consumer segments.
Backed by an experienced senior management team, the company has achieved robust financial growth, evidenced by significant increases in revenue, profit, and operational efficiency over the years. This strong financial performance underscores the company's effective capital utilisation and working capital management.

Risks

Ineffective management or expansion of the retail network, coupled with challenges in executing growth strategies, may lead to underperforming new stores, thereby negatively affecting business prospects, financial stability, and operational results.
Operating in a highly competitive market with established players offering competitive prices based on market trends and customer preferences poses a challenge to P N Gadgil Jewellers Limited's market share and profitability.
The company does not own the trademark for its key flagship PNG brand, relying instead on permissions from P N Gadgil Jewellers. This dependency poses a risk to the company's branding and licensing flexibility.
With a primary focus on Maharashtra and significant revenue reliance on the top five stores in the region, any adverse developments affecting this area could negatively impact the company's business prospects, financial condition, and operational results.

Contact Information

Contact Details

P N GADGIL JEWELLERS

+912024478474

secretarial@pngadgil.com

https://www.pngjewellers.com/

694 Narayan Peth, Pune - 411 030

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html

Frequently Asked Questions

Click any question to reveal the answer

P N GADGIL JEWELLERS IPO is a book-built IPO worth ₹1100 crore. The price band is ₹456–₹480 per share. The IPO opens on Sep 10, 2024 and closes on Sep 12, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The price band of P N GADGIL JEWELLERS IPO is ₹456 to ₹480 per share.

The lot size of P N GADGIL JEWELLERS IPO is 31 shares.

The minimum investment for P N GADGIL JEWELLERS IPO is approximately ₹14,880 based on the upper price band .

P N GADGIL JEWELLERS IPO opens on Sep 10, 2024 and closes on Sep 12, 2024.

The allotment date of P N GADGIL JEWELLERS IPO is Sep 13, 2024.

P N GADGIL JEWELLERS IPO is expected to be listed on Sep 17, 2024, on BSE and NSE .

P N GADGIL JEWELLERS IPO listed on Sep 17, 2024. It was issued at ₹830.0(NSE) and is currently around ₹536.25 as on 27-May-2026 3:30 PM, which is approximately 11.7% versus issue price. The 52-week high is ₹736.40.

Based on listing and post-listing performance, P N GADGIL JEWELLERS IPO delivered around 11.7% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy P N GADGIL JEWELLERS IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

P N GADGIL JEWELLERS IPO valuation snapshot: P/E 42.2, EPS ₹11.37/-, P/B 10.60, RoNW 28.88%, and market cap N/A.

To apply for P N GADGIL JEWELLERS IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of P N GADGIL JEWELLERS IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for P N GADGIL JEWELLERS IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check P N GADGIL JEWELLERS IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the P N GADGIL JEWELLERS IPO allotment status on IPO Ji for quick and easy access.