P N Gadgil Jewellers IPO is coming soon, which includes a Fresh Issue of up to ₹8,500 million and an Offer for Sale of up to ₹2,500 million, totaling up to ₹11,000 million
P. N. Gadgil Jewellers, founded in 1832, is one of the oldest jewellery brands in India and renowned for its traditional craftsmanship and wide range of jewelry.
It will be exciting to watch how P N Gadgil Jewellers IPO performs on BSE and NSE.
Company Overview
Name: P N Gadgil Jewellers Limited.
Incorporation: Originally incorporated as a private limited company on October 28, 2013, and converted to a public limited company on April 5, 2023.
Promoters: Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, and SVG Business Trust.
P N Gadgil Jewellers IPO Details:
Total Offer Size: Up to ₹11,000 million
Fresh Issue: Equity shares aggregating up to ₹8,500 million.
Offer for Sale: Equity shares aggregating up to ₹2,500 million by SVG Business Trust (the promoter selling shareholder).
Face Value: ₹10 per equity share.
Price Band: ₹456 to ₹480 per share
Listing: The company has received in-principle approval for listing on both BSE and NSE.
P N Gadgil Jewellers IPO Offer Structure
Qualified Institutional Buyers (QIBs): Up to 50% of the offer.
Non-Institutional Bidders (NIBs): At least 15% of the offer.
Retail Individual Bidders (RIBs): At least 35% of the offer.
Anchor Investor Portion: Up to 60% of the QIB portion can be allocated to anchor investors.
Risk Factors:
This is the first public issue of the company’s equity shares.
Investment in the equity shares involves risks, and investors should carefully consider these risks before investing.
Management
Company Secretary and Compliance Officer: Hiranyamai Kulkarni.
Registrar to the Offer:
Registrar: Bigshare Services Private Limited.
Book Running Lead Managers:
Motilal Oswal Investment Advisors Limited
.Nuvama Wealth Management Limited (formerly Edelweiss Securities Limited).
BOB Capital Markets Limited.
Issuance Period :
P. N. Gadgil Jewellers IPO subscription starts from September 10, 2024 and will be available till September 12, 2024.
| Event | Date |
|---|---|
| IPO Opening Date | September 10, 2024 |
| IPO Closing Date | September 12, 2024 |
| Allotment Finalization Date | September 13, 2024 (Friday) |
| Tentative Listing Date | September 17, 2024 (Tuesday) |
| Stock Exchange Listing | BSE, NSE |
Table of Contents
IPO Size :
P. N. Gadgil Jewellers IPO amount to be raised Rs 1100 crores.
GMP ( Grey market Premium )
| Date | Current GMP (₹) | Percentage (%) |
|---|---|---|
| September 9, 2024 | ₹ 240 | 50 |
| September 10, 2024 | ₹ 234 | 49.5% |
| September 11, 2024 | ₹ 258 | 53.70 % |
| September 12, 2024 | ₹ 268 | 55.80 % |
| September 13, 2024 |
Lot Size :
| Investor type | Lots | Number of Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 31 | ₹ 14880 |
| Retail (Max) | 13 | 403 | ₹ 193440 |
| S-HNI (Min) | 14 | 434 | ₹ 208320 |
| S-HNI (Max) | 67 | 2077 | ₹ 996960 |
| B-HNI (Min) | 68 | 2108 | ₹ 1011840 |
P N Gadgil Jewellers IPO Details :
| Details | Information |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹456 to ₹480 per share |
| Lot Size | 31 Shares |
| Total Issue Size | 22,916,667 shares (up to ₹1,100.00 Cr) |
| Fresh Issue | 17,708,334 shares (up to ₹850.00 Cr) |
| Offer for Sale | 5,208,333 shares (up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 118,000,000 shares |
| Shareholding Post-Issue | 135,708,334 shares |
| Promoters | |
| Registrar to the Offer | Bigshare Services Pvt Ltd |
Objectives of the Issue :
Funding expenditure towards setting a new stores in Maharashtra. (nearly 12 )
General corporate purposes.
P N Gadgil Jewellers IPO Financial Information :
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹1,464.98 Crore | ₹1,062.55 Crore | ₹1,110.24 Crore |
| Revenue | ₹6,119.10 Crore | ₹4,559.31 Crore | ₹2,586.31 Crore |
| Profit After Tax | ₹154.34 Crore | ₹93.70 Crore | ₹69.52 Crore |
| Net Worth | ₹534.38 Crore | ₹365.73 Crore | ₹282.01 Crore |
| Reserves and Surplus | – | ₹255.53 Crore | ₹191.22 Crore |
| Total Borrowing | ₹396.50 Crore | ₹283.21 Crore | ₹294.93 Crore |
About Company :
Dajikaka Gadgil is the Founder of P N Gadgil Jewellers Founded in 1832. The company has a history over 190 years, making it one of the oldest and trusted jewelry retailers in India.Till December 31, 2023, Company had grown to 33 stores, including 32 stores across 18 cities in Maharashtra and Goa and One store in the US. All stores are operated and managed by the company. 23 stores owned by the company and 10 stores operated by franchisees under the FOCO (franchisee-owned and company-operated) model.
Industry
Jewelry Retail.
Headquarters:
P N Gadgil Jewellers headquartered in Pune, India.
Services Offered:
P N G offers a wide range of precious jewelry products including gold, platinum ,silver, and diamond jewelry with fabulous designs. They offer a variety of jewelry collections, including bridal, fashion, and daily wear. Teey also offer Customized Jewelry.
