P N Gadgil Jewellers IPO Details: The P N Gadgil Jewellers IPO is set to open on September 10, 2024, and close on September 12, 2024. This Book Built Issue aims to raise approximately ₹1,100 crores, consisting of a fresh issue of ₹850 crores and an offer for sale of up to ₹250 crores. The IPO will issue 5,208,333 equity shares with a face value of ₹10 each.
The price band for the shares is ₹456 to ₹480. The allocation will be divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO is expected to list on the BSE and NSE on September 17, 2024, with allotments finalized on September 13, 2024.
In its financials, the company reported a revenue of ₹4,559.31 crores for 2023, up from ₹2,586.31 crores in 2022. Its profit also increased to ₹93.7 crores in 2023 from ₹69.52 crores in the previous year. Given the positive financial trajectory, investors are advised to consider this IPO for long-term gains.
P N Gadgil Jewellers IPO Objectives:
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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 IPO Review (Apply or Not)
- Update soon
P N Gadgil Jewellers IPO Date & Price Band Details:
| IPO Open Date: | September 10, 2024 |
| IPO Close Date: | September 12, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹456 to ₹480 Per Share |
| Issue Size: | Approx ₹1,100 Crores |
| Fresh Issue: | Approx ₹850 Crores |
| Offer for Sale: | Approx ₹250 Crores, 5,208,333 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
P N Gadgil Jewellers IPO Lot Size:
For the P N Gadgil Jewellers IPO, the minimum market lot is 31 shares, requiring an application amount of ₹14,880. Retail investors can apply for up to 13 lots, which totals 403 shares or ₹193,440.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 31 | ₹14,880 |
| Retail Maximum | 13 | 403 | ₹193,440 |
| S-HNI Minimum | 14 | 434 | ₹208,320 |
| B-HNI Minimum | 68 | 2,108 | ₹1,011,840 |
P N Gadgil Jewellers IPO Timeline:
The P N Gadgil Jewellers IPO will open on September 10, 2024, and close on September 12, 2024. Allotments for the IPO will be finalized on September 13, 2024, with the official listing scheduled for September 17, 2024.
| IPO Open Date: | September 10, 2024 |
| IPO Close Date: | September 12, 2024 |
| Basis of Allotment: | September 13, 2024 |
| Refunds: | September 16, 2024 |
| Credit to Demat Account: | September 16, 2024 |
| IPO Listing Date: | September 17, 2024 |
P N Gadgil Jewellers IPO GMP Today:
The latest Grey Market Premium (GMP) for the P N Gadgil Jewellers IPO is ₹165, as of September 5, 2024, 09:24 PM. With the price band set at ₹480, the estimated listing price for the IPO is ₹645 (price band + GMP). This suggests an expected percentage gain of 34.38% per share.
Promoters of P N Gadgil Jewellers IPO
The promoters of P N Gadgil Jewellers Limited are Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, and SVG Business Trust.
About P N Gadgil Jewellers IPO
P N Gadgil Jewellers Limited is a leading jewelry retailer in Maharashtra, India, and the second-largest organized player in the region. The company offers a diverse range of gold, silver, platinum, and diamond ornaments, catering to various tastes and budgets. With 33 outlets across 18 locations in Maharashtra and Goa, plus one in the USA, P N Gadgil Jewellers operates under a franchisee-owned and company-operated model. This approach ensures consistent quality and customer experience across all stores. Looking ahead, the company plans to expand by opening 12 additional stores by Fiscal Year 2026.
P N Gadgil Jewellers IPO Company Financial Report
The company reported revenue of ₹4,559.31 crores in 2023 against ₹2,586.31 crores in 2022. The company reported a profit of ₹93.7 crores in 2023 against a profit of ₹69.52 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹1,944.44 | ₹1,937.79 | ₹6.71 | ₹1,014.15 |
| 2022 | ₹2,586.31 | ₹2,501.27 | ₹69.52 | ₹1,110.24 |
| 2023 | ₹4,559.31 | ₹4,441.23 | ₹93.70 | ₹1,062.55 |
| Sept 2023 | ₹2,631.14 | ₹2,570.91 | ₹43.75 | ₹1,265.00 |
P N Gadgil Jewellers IPO Valuation – FY2023
Check P N Gadgil Jewellers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 10.28% |
| ROCE: | 10.71% |
| EBITDA Margin: | 3.53% |
| PAT Margin: | 1.66% |
| Debt to equity ratio: | 0.78 |
| Earning Per Share (EPS): | ₹16.97 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 25.09% |
| Net Asset Value (NAV): | ₹30.99 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Kalyan Jewellers India Limited | 4.20 | 91.71 | 11.88 | 35.28 | 14071.45 Cr. |
| Senco Gold Limited | 22.93 | 33.88 | 16.76 | 169.30 | 4077.40 Cr. |
| Thangamayil Jewellery Limited | 58.13 | 20.79 | 20.51 | 283.38 | 3152.55 Cr. |
P N Gadgil Jewellers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- Nuvama Wealth Management Limited
- Bob Capital Markets Limited
Company Address
P N Gadgil Jewellers IPO Limited
694,
Narayan Peth,
Pune – 411 030
Phone: +912024478474
Email: secretarial@pngadgil.com
Website: https://www.pngjewellers.com/
P N Gadgil Jewellers IPO FAQs
1. What are the dates for the P N Gadgil Jewellers IPO?
The P N Gadgil Jewellers IPO will open on September 10, 2024, and close on September 12, 2024.
2. When will the allotment for the P N Gadgil Jewellers IPO be finalized?
The allotment will be finalized on September 13, 2024.
3. What is the listing date for the P N Gadgil Jewellers IPO?
The IPO is expected to be listed on September 17, 2024.
4. What is the price band for the P N Gadgil Jewellers IPO?
The price band for the IPO is set between ₹456 and ₹480 per share.
5. What is the minimum market lot for the P N Gadgil Jewellers IPO?
The minimum market lot is 31 shares, with an application amount of ₹14,880.
6. How many lots can retail investors apply for?
Retail investors can apply for up to 13 lots, totaling 403 shares or ₹193,440.
7. What is the latest Grey Market Premium (GMP) for the P N Gadgil Jewellers IPO?
As of September 5, 2024, the latest GMP is ₹165.
8. What is the estimated listing price for the P N Gadgil Jewellers IPO?
With the price band of ₹480 and the current GMP, the estimated listing price is ₹645 per share.
9. What is the expected percentage gain or loss per share?
The expected percentage gain per share is approximately 34.38%.
10. Who are the promoters of P N Gadgil Jewellers Limited?
The promoters are Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, and SVG Business Trust.
11. What does P N Gadgil Jewellers Limited do?
P N Gadgil Jewellers Limited is a prominent jewelry retailer offering a wide range of gold, silver, platinum, and diamond ornaments. The company operates 33 outlets across Maharashtra, Goa, and the USA, with plans to open 12 additional stores by Fiscal Year 2026.
12. How does P N Gadgil Jewellers ensure uniform quality across its outlets?
The company operates under a franchisee-owned and company-operated model, ensuring consistent quality and a uniform customer experience across all stores.
