About P N Gadgil Jewellers:
They offer a wide range of precious metal and jewellery products, including gold, silver, platinum, and diamond jewellery, catering to various price points and designs. These products meet the needs of their customers and include collections specifically designed for special occasions, as well as everyday wear. Their products are primarily sold under their flagship brand, ‘PNG,’ along with various sub-brands, through multiple channels, including 39 retail stores (as of July 31, 2024), and various online marketplaces, including their website. They face competition from both the organized and unorganized sectors, as well as from pan-India players like Titan Company Limited (Tanishq), Kalyan Jewellers India Limited, and Senco Gold Limited.
About the Industry in which P N Gadgil Jewellers operates:
In FY 2023, the Indian jewellery retail sector was valued at approximately USD 70 billion. Within this market, organized retail made up about 37%, including both national and regional players. The fine jewellery segment represents around 90% of the total market and is divided into gold and non-gold categories, with non-gold comprising diamond, platinum, silver, and other materials.
| Important Information and Timelines of the IPO of P N Gadgil Jewellers: | |
|---|---|
| Open Date | 10 September 2024 |
| Close Date | 12 September 2024 |
| Total Issue Size – Number of Shares | 22916667 |
| Minimum Bid Price | 456 |
| Maximum Bid Price | 480 |
| Lot Size | 31 |
| Basis of Allotment | 13 September 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 16 September 2024 |
| Listing Date | 17 September 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of P N Gadgil Jewellers:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 31 | 14880 |
| Retail – Maximum | 13 | 403 | 193440 |
| sHNI – Minimum | 14 | 434 | 208320 |
| sHNI – Maximum | 67 | 2077 | 996960 |
| bHNI – Minimum | 68 | 2108 | 1011840 |
Objective of the IPO of P N Gadgil Jewellers:
-
Funding expenditure towards setting-up of 12 new stores in Maharashtra, India (“New Stores”)
-
Repayment or pre-payment, in full or part, of certain borrowings availed by our Company.
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General corporate purposes.
Financials of P N Gadgil Jewellers:
| Particulars | March 31, 2024 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|
| Share capital | 1,180.00 | 1,180.00 | 1,180.00 |
| Net worth | 5,343.77 | 3,657.34 | 2,820.13 |
| Revenue from operations | 61,109.45 | 45,075.19 | 25,556.34 |
| Restated profit / (loss) after tax | 1,543.43 | 937.01 | 695.15 |
| Earnings per equity share - Basic | 21.59 | 16.97 | 12.59 |
| Earnings per equity share - Diluted | 13.08 | 7.94 | 5.89 |
| Net asset value per Equity Share | 45.29 | 30.99 | 23.90 |
| Total Borrowings | 3,964.96 | 2,832.10 | 2,949.49 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for P N Gadgil Jewellers. You will receive a UPI mandate after 10:00 AM on 10 September 2024.
###1. How to apply for the IPO of P N Gadgil Jewellers on Dhan?
You can apply for the IPO of P N Gadgil Jewellers from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of P N Gadgil Jewellers be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 16 September 2024. However, you will be able to see the shares of P N Gadgil Jewellers on Dhan before the market starts on the listing date which is 17 September 2024.