P N Gadgil Jewellers IPO GMP Today, P N Gadgil Jewellers IPO Grey Market Premium Updates | P N Gadgil Jewellers IPO, Latest target, Opening gain
P N Gadgil Jewellers IPO began on 10 September 2024. It will close on 12 September 2024. The Total IPO Size is ₹1,100.00 Crore Approx. The company set its IPO price is ₹456 to ₹480 per share Per Share. There are three basic categories in P N Gadgil Jewellers IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
P N Gadgil Jewellers Limited was established in 2013 and offers a wide range of precious metal/jewelry products including gold, silver, platinum, and diamond jewelry under its brand name “PNG” in various price ranges and designs.
As of December 31, 2023, the Company had grown to 33 stores, including 32 stores across 18 cities in Maharashtra and Goa and one store in the US with a total retail space of approximately 95,885 sq. ft. All stores are operated and managed by the company, with 23 stores owned by the company and 10 stores operated by franchisees under the FOCO (franchisee-owned and company-operated) model. Of these stores, 19 are large format (2,500 sq. ft. or more), 11 are medium format (between 1,000 sq. ft. to 2,500 sq.ft.) and 3 are small format (less than 1,000 sq. ft.).
As of December 31, 2023, the Company has 8 sub-brands offering gold jewelry collections for various occasions, namely Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Litestyle, Pratha and Yoddha, two sub-brands offering diamond jewelry collections, namely Eiina and PNG Solitaire, and two sub-brands offering platinum jewelry collections, namely Men of Platinum and Evergreen Love. The company also offers its customers the option of having jewelry made to measure.
As of September 30, 2023, the company had 1,152 employees.
P N Gadgil Jewellers IPO Details:
| Issuer | P N Gadgil Jewellers IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 10 September, 2024 | |
| Issue Closes: 12 September, 2024 | ||
| Price Brand | ₹456 to ₹480 per share | |
| Issue Size | ₹1,100.00 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 31 Shares | |
| Retail (Max) | ₹193,440 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 22,916,667 shares | |
P N Gadgil Jewellers IPO GMP Rates day by day
P N Gadgil Jewellers IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 31 | ₹14,880 |
| Retail (Max) | 13 | 403 | ₹193,440 |
| S-HNI (Min) | 14 | 434 | ₹208,320 |
| S-HNI (Max) | 67 | 2,077 | ₹996,960 |
| B-HNI (Min) | 68 | 2,108 | ₹1,011,840 |
P N Gadgil Jewellers IPO Date, Allotment & Listing:
| P N Gadgil Jewellers IPO Opening Date: | September 10, 2024 |
| P N Gadgil Jewellers IPO Closing Date: | September 12, 2024 |
| Basis of Allotment: | September 13, 2024 |
| Initiation of Refunds: | September 16, 2024 |
| Credit to Demat Account: | September 16, 2024 |
| Listing Date: | September 17, 2024 |
P N Gadgil Jewellers Limited Financial Information (Restated)
P N Gadgil Jewellers Limited’s revenue increased by 34% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 1,464.98 | 1,062.55 | 1,110.24 | |||||||||||||||||||||||||||
| Revenue | 6,119.1 | 4,559.31 | 2,586.31 | |||||||||||||||||||||||||||
| Profit After Tax | 154.34 | 93.7 | 69.52 | |||||||||||||||||||||||||||
| Net Worth | 534.38 | 365.73 | 282.01 | |||||||||||||||||||||||||||
| Reserves and Surplus | 255.53 | 191.22 | ||||||||||||||||||||||||||||
| Total Borrowing | 396.5 | 283.21 | 294.93 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of P N Gadgil Jewellers IPO is Rs 6514 Cr.
KPI as of March 31, 2023.
| KPI | Values |
|---|---|
| ROE | 28.88% |
| ROCE | 27.31% |
| Debt/Equity | 0.74 |
| RoNW | 28.88% |
| P/BV | 15.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.94 | 6.45 |
| P/E (x) | 60.45 | 74.45 |
Objects of the Issue (P N Gadgil Jewellers IPO Objectives)
- 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 ALLOTMENT STATUS
How to Apply for P N Gadgil Jewellers IPO?
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How to Apply P N Gadgil Jewellers IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “P N Gadgil Jewellers”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply P N Gadgil Jewellers IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “P N Gadgil Jewellers”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is P N Gadgil Jewellers IPO?
P N Gadgil Jewellers IPO is a main-board initial public offering of 22,916,667 Equity shares of the face value of ₹10 aggregating up to ₹1,100.00 Crores. The issue price of the IPO is ₹456 to ₹480 Per Equity Share. The minimum order quantity is 31 Shares per application and the offer type is Book Built Issue. The IPO opens on September 10, 2024 and closes on September 12, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The P N Gadgil Jewellers IPO opens on September 10, 2024 and closes on September 12, 2024.
How to apply for P N Gadgil Jewellers IPO?
You can apply in P N Gadgil Jewellers IPO online using either UPI or ASBA as payment method .Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and Bob Capital Markets Limited are the book running lead managers of the P N Gadgil Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
When P N Gadgil Jewellers IPO allotment?
The finalization of Basis of Allotment for P N Gadgil Jewellers IPO will be done on September 13, 2024, and the allotted shares will be credited to your demat account by September 16, 2024.
Check the P N Gadgil Jewellers IPO allotment status.
When is P N Gadgil Jewellers IPO listing date?
The P N Gadgil Jewellers IPO listing date is not yet announced. The tentative date of P N Gadgil Jewellers IPO listing is September 17, 2024.
What is the lot size of P N Gadgil Jewellers IPO?
P N Gadgil Jewellers lot size is 31 Shares and the minimum order quantity is 1 Share.