P N Gadgil Jewellers IPO Overview: The P N Gadgil Jewellers IPO will open on September 10, 2024, and close on September 12, 2024. This Book Built Issue is set to raise around ₹1,100 crores, consisting of a fresh issue worth ₹850 crores and an offer for sale up to ₹250 crores. The IPO involves the issuance of 5,208,333 equity shares with a face value of ₹10 each.
The price band is set between ₹456 and ₹480 per share. The allocation is structured as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to list on the BSE and NSE on September 17, 2024, with allotment finalization on September 13, 2024.
For 2023, the company reported a revenue of ₹4,559.31 crores, a significant increase from ₹2,586.31 crores in 2022. Its profit rose to ₹93.7 crores in 2023, up from ₹69.52 crores in the previous year. Considering its strong financial growth, this IPO may present a solid opportunity for long-term investors.
P N Gadgil Jewellers IPO Objectives:
The company plans to use the net proceeds for the following purposes:
Financing the establishment of 12 new stores across Maharashtra.
Repaying or prepaying, in full or part, certain borrowings taken by the company.
General corporate purposes.
P N Gadgil Jewellers IPO Review (Should You Apply?)
Review to be updated soon.
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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% |
P N Gadgil Jewellers IPO Lot Size:
The minimum lot size for the P N Gadgil Jewellers IPO is 31 shares, with a minimum investment of ₹14,880. Retail investors can apply for a maximum of 13 lots, which equates to 403 shares or an investment of ₹193,440
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 31 | ₹ 14,880 |
| Retail Maximum | 13 | 403 | ₹ 1,93,440 |
| S-HNI Minimum | 14 | 434 | ₹ 2,08,320 |
| B-HNI Minimum | 68 | 2,108 | ₹ 10,11,840 |
P N Gadgil Jewellers IPO Timeline:
The P N Gadgil Jewellers IPO is set to open on September 10, 2024, and will close on September 12, 2024. The allotment of shares will be finalized on September 13, 2024, with the listing expected on 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 Update:
As of 09:24 PM on September 5, 2024, the Grey Market Premium (GMP) for the P N Gadgil Jewellers IPO stands at ₹165. With the price band set at ₹480, the estimated listing price is projected at ₹645 (price band + GMP), indicating a potential gain of 34.38% per share.
Promoters of P N Gadgil Jewellers IPO: The key 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 prominent jewelry retailer in Maharashtra, India, recognized as the second-largest organized player in the region. The company offers a wide selection of gold, silver, platinum, and diamond jewelry, catering to diverse tastes and budgets. Currently, P N Gadgil Jewellers operates 33 outlets across 18 locations in Maharashtra and Goa, with an additional outlet in the USA. The company follows a franchisee-owned, company-operated model, ensuring uniform quality and customer service across its stores. By Fiscal Year 2026, the company aims to open 12 more stores as part of its expansion plan.
P N Gadgil Jewellers IPO Company Financial Report
In 2023, P N Gadgil Jewellers reported a revenue of ₹4,559.31 crores, a substantial increase from ₹2,586.31 crores in 2022. Profit for 2023 was ₹93.7 crores, compared to ₹69.52 crores in the previous year.
| In crore | ||||
| 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 |
| Sep-23 | ₹ 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 | 4.2 | 91.71 | 11.88 | 35.28 | 14071.45 Cr. |
| Senco Gold Limited | 22.93 | 33.88 | 16.76 | 169.3 | 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 (Merchant Bankers):
- Motilal Oswal Investment Advisors Limited
- Nuvama Wealth Management Limited
- Bob Capital Markets Limited
Company Address:
- P N Gadgil Jewellers Limited
- 694, Narayan Peth,
- Pune – 411 030
- Phone: +91-2024478474
- Email: secretarial@pngadgil.com
- Website: https://www.pngjewellers.com
P N Gadgil Jewellers IPO FAQs:
What are the dates for the P N Gadgil Jewellers IPO?
The IPO will open on September 10, 2024, and close on September 12, 2024.
When will the allotment for the P N Gadgil Jewellers IPO be finalized?
Allotments will be finalized on September 13, 2024.
What is the listing date for the P N Gadgil Jewellers IPO?
The shares are expected to list on September 17, 2024.
What is the price band for the P N Gadgil Jewellers IPO?
The price band is set between ₹456 and ₹480 per share.
What is the minimum market lot for the P N Gadgil Jewellers IPO?
The minimum lot size is 31 shares, with an application amount of ₹14,880.
How many lots can retail investors apply for?
Retail investors can apply for up to 13 lots, which amounts to 403 shares or ₹193,440.
