PN Gadgil Jewellers IPO Description – Founded in 1832, P N Gadgil Jewellers boasts a rich heritage and has experienced significant growth, with a 54.63% increase in revenue from Fiscal 2022 to Fiscal 2024. The company operates 39 stores across Maharashtra, Goa, and the U.S., offering a diverse product portfolio that includes gold, silver, platinum, and diamond jewelry. These products are primarily sold under its flagship brand, ‘PNG‘.
All of the stores are operated and managed by the company, with 28 being owned stores and 11 operating under a franchisee-owned and company-operated (“FOCO”) model.
As of 31 July 2024, the company has 8 sub-brands offering gold jewelry collections for various occasions, including Saptam, Swarajya, Rings of Love, The Golden Katha of Craftsmanship, Flip, Lifestyle, Pratha, and Yoddha. Additionally, it has two sub-brands for diamond jewelry, namely Eiina and PNG Solitaire, and two sub-brands for platinum jewelry, Men of Platinum and Evergreen Love. The company also offers customers the option of custom-made, made-to-measure jewelry.
Promoters of PN Gadgil Jewellers – Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, and SVG Business Trust
Table of Contents
PN Gadgil Jewellers IPO Details
| PN Gadgil Jewellers IPO Dates | 10 – 12 September 2024 |
| PN Gadgil Jewellers Issue Price | INR 456 – 480 per share |
| Fresh issue | INR 850 crore |
| Offer For Sale | INR 250 crore |
| Total IPO size | INR 1,100 crore |
| Minimum bid (lot size) | 31 shares (INR 14,880) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
PN Gadgil Jewellers Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 1,930.06 | 2,555.63 | 4,507.52 | 6,110.95 |
| Expenses | 1,937.79 | 2,501.27 | 4,441.23 | 5,910.74 |
| Net income | (6.58) | 57.60 | 74.29 | 154.34 |
| Margin (%) | (0.34) | 2.25 | 1.65 | 2.53 |
PN Gadgil Jewellers Offer News
- PN Gadgil Jewellers RHP
- PN Gadgil Jewellers DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
PN Gadgil Jewellers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 5.89 | 7.94 | 13.08 | 11.37 |
| PE Ratio | – | – | 34.86 – 36.70 | 40.11 – 42.22 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 22.48 | 25.09 | 28.88 |
| NAV | 23.90 | 30.99 | 45.29 |
| ROCE (%) | 19.89 | 23.29 | 27.31 |
| EBITDA (%) | 5.56 | 3.87 | 4.54 |
| Debt/Equity | 1.05 | 0.78 | 0.74 |
PN Gadgil Jewellers IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 16 September 2024 | 300 | – | 6,600 |
| 14 September 2024 | 315 | – | 6,600 |
| 13 September 2024 | 300 | – | 6,300 |
| 12 September 2024 | 250 | – | 5,700 |
| 11 September 2024 | 240 | – | 5,500 |
| 10 September 2024 | 225 | – | 5,100 |
| 9 September 2024 | 200 | – | 4,800 |
| 7 September 2024 | 175 | – | 4,200 |
| 6 September 2024 | 200 | – | 4,500 |
PN Gadgil Jewellers IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding expenditure towards setting up 12 new stores in Maharashtra – INR 392.57 crore
- Repayment or pre-payment of borrowings availed by the company – INR 300 crore
- General corporate purposes.
PN Gadgil Jewellers – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| PN Gadgil Jewellers | 42.22 | 11.37 | 28.88 | 45.29 | 6,110.95 |
| Kalyan Jewellers India | 101.53 | 5.80 | 14.23 | 40.67 | 18,548.29 |
| Senco Gold | 45.50 | 23.98 | 13.26 | 175.74 | 5,241.42 |
| Thangamayil Jewellery | 42.89 | 44.91 | 24.99 | 179.74 | 3,826.78 |
PN Gadgil Jewellers IPO Allotment Status
PN Gadgil Jewellers IPO allotment status will be available on Bigshare’s website. Click on this link to get allotment status.
PN Gadgil Jewellers IPO Dates & Listing Performance
| IPO Opening Date | 10 September 2024 |
| IPO Closing Date | 12 September 2024 |
| Finalization of Basis of Allotment | 13 September 2024 |
| Initiation of refunds | 17 September 2024 |
| Transfer of shares to demat accounts | 17 September 2024 |
| PN Gadgil Jewellers IPO Listing Date | 17 September 2024 |
| Opening Price on NSE | INR 830 per share (up 72.92%) |
| Closing Price on NSE | INR 793.30 per share (up 65.27%) |
PN Gadgil Jewellers IPO Reviews – Subscribe or Avoid?
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PN Gadgil Jewellers Offer Lead Manager
MOTILAL OSWAL INVESTMENT ADVISORS LIMITED
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi,
Mumbai- 400 025, Maharashtra, India
Phone: +91 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com
PN Gadgil Jewellers Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
PN Gadgil Jewellers Contact Details
P N GADGIL JEWELLERS LIMITED
PNG Vishwa, 359, Chitrashala Chowk Laxmi
Road, Narayan Peth Pune, Maharashtra – 411 030
Phone: +91 20 2447 8474
Email: [email protected]
Website: www.pngjewellers.com
PN Gadgil Jewellers IPO FAQs
How many shares in PN Gadgil Jewellers IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for PN Gadgil Jewellers Public Offer?
The best way to apply for PN Gadgil Jewellers public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is PN Gadgil Jewellers IPO GMP today?
PN Gadgil Jewellers IPO GMP today is INR 300 per share.
What is PN Gadgil Jewellers kostak rate today?
PN Gadgil Jewellers kostak rate today is INR NA per application.
What is PN Gadgil Jewellers Subject to Sauda rate today?
PN Gadgil Jewellers Subject to Sauda rate today is INR 6,600 per application.
