P N Gadgil Jewellers IPO subscription starts from Tuesday, September 10 and ends on Thursday, September 12, 2024. The IPO is a book built issue of Rs. 1,100.00 crore. The issue is a combination of fresh issue of 1.77crore shares aggregating to Rs.850.00 crores and offer for sale of 0.52 crore shares aggregating to Rs. 250.00
P N Gadgil Jewellers IPO price band set to Rs. 456 to Rs. 480 per equity share with a face value of Rs. 10 each. The minimum order quantity of the issue is 31 equity shares. The minimum amount required for retail investor is Rs. 14,880.
The allotment for the P N Gadgil Jewellers IPO is expected to finalized on Friday, September 13. P N Gadgil Jewellers IPO will list on and NSE & BSE with tempting date fixed as Tuesday, September 17, 2024.
Motilal Oswal Investment Advisors Limited, Nuwama Wealth Management Limited and BOB Capital Markets Limited book running lead manager of the issue. HDFC Bank Limited and ICICI Bank Limited is sponsor bank of the IPO. Bigshare Services Private Limited is registrar to the issue.
The objects of the issue are:-
- Funding expenditure towards setting-up of 12 new stores in Maharashtra;
- Repayment or pre-payment, in full or part, of certain borrowings availed by the company; and
- General corporate purposes.
Financials –
P N Gadgil Jewellers‘s revenue has increased by 34.21% and profit after tax (PAT) rose up by staggering 64.72% in Financial Year 2024, as compared to FY2023
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 5,343.77 | 3,657.34 | 2,820.13 |
| Revenue | 61,191.04 | 45,593.12 | 25,863.05 |
| PAT | 1,543.43 | 937.01 | 695.15 |
| PAT Margin | 2.53% | 2.08% | 2.72% |
| Total Borrowings | 3,964.96 | 2,832.10 | 2,949.49 |
About P N Gadgil Jewellers Limited (https://pngadgilandsons.com/)-
Incorporated in October 2013, P N Gadgil Jewellers 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 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.
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