P N Gadgil Jewellers Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹456 - ₹480
- Lot size
- 31 shares
- Issue amount
- ₹1,100 cr
- Total subscription
- 62.53×
- Opens
- 10 Sept 2024
- Closes
- 12 Sept 2024
- Allotment
- 13 Sept 2024
- Listing
- 17 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 2,29,16,666 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,136
- Fresh issue
- ₹850 cr
- Offer for sale
- ₹250 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,880
- Issue type
- Bookbuilding IPO
- Shares before issue
- 11,80,00,000
- Shares after issue
- 13,57,08,334
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 31 | ₹14,880 |
| sHNI | 14 | 434 | ₹2,08,320 |
| bHNI | 68 | 2,108 | ₹10,11,840 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 5,280 | 65,084 |
| HNIs (2-10L) | 2,640 | 1,30,704 |
| RETAIL | 2,58,736 | 37,91,982 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 220 | 31,690.88 |
| RETAIL | 385 | 6,719.36 |
| NIB | 165 | 9,741.12 |
| HNIs 2+ | 55 | 2,896.74 |
| HNIs 10+ | 110 | 6,844.38 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 13.08 | 7.94 | 5.89 |
| ROE | 28.88 | 25.09 | 22.48 |
| ROCE | 27.31 | 23.29 | 19.89 |
| RONW | 28.88 | 25.09 | 22.48 |
| PRE IPO(PE) | 36.7 | 0 | 0 |
| POST IPO(PE) | 42.2 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
P N Gadgil Jewellers Limited, established in 2013, offers a wide range of gold, silver, platinum, and diamond jewelry under its well-known “PNG” brand. By December 31, 2023, the company had expanded to 33 stores—32 located across 18 cities in Maharashtra and Goa, and one in the US—covering a total retail area of 95,885 sq. ft. Operating through both company-owned and FOCO models, the stores range from large to small formats to cater to different markets. The brand offers 8 gold jewelry sub-brands, 2 diamond collections, and 2 platinum collections, along with customized jewelry services. As of September 30, 2023, the company employed 1,152 people.
Strengths
- Trusted Heritage: A well-known and respected jewelry brand in Maharashtra with strong local roots.
- Market Leader: The second-largest organized jewelry retailer, growing quickly.
- Wide Range: Offers jewelry in various styles and price ranges to suit different customer preferences.
Risk factors
- Brand Reputation: If the brand's image gets damaged, it could reduce customer visits and hurt profits.
- Marketing Effectiveness: Poor marketing or a negative public image could impact sales and cash flow.
- Inventory Management: Wrong market predictions or having too much or too little stock could affect business operations and profits.
Promoters
Saurabh Vidyadhar Gadgil
Radhika Saurabh Gadgil
SVG Business Trust
Registrar & documents
Lead manager
Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, Bob Capital Markets Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
694 Narayan Peth, Pune - 411 030
+912024478474
[email protected]Company website ↗Understanding PNGJL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.