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P N Gadgil Jewellers Ltd. IPO
IPO Timeline
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10 Sep 2024Bidding Starts
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12 Sep 2024Bidding Ends
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13 Sep 2024Allotment Finalization
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17 Sep 2024Listing
About P N Gadgil Jewellers Ltd.
we are the second largest among the prominent organised jewellery players in Maharashtra based on number of stores located in Maharashtra, which is the largest market for BIS-registered outlets in India. We are also the fastest growing jewellery brand amongst the key organised jewellery players in India, based on the revenue growth between Fiscal 2021 and Fiscal 2023. We achieved an EBITDA growth of 56.50% between Fiscal 2021 and Fiscal 2023, which is among the highest in key organised jewellery players in India. We also had the highest increase in ROE from Fiscal 2021 and Fiscal 2023 and the highest revenue per square feet in Fiscal 2023 among the key organised jewellery players in India.
P N Gadgil Jewellers Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 68,75,000 (30%) |
| Non Institutional Investors | 34,37,500 (15%) |
| Qualified Institutional Buyers (QIBs) | 45,83,333 (20%) |
| Retail Individual Investors (RIIs) | 80,20,833 (35%) |
P N Gadgil Jewellers Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2022 | 2,474.04 Cr | 40.04 Cr | 227.02 Cr |
| 31 Mar 2021 | 1,819.64 Cr | 7.49 Cr | 186.93 Cr |
| 31 Mar 2020 | 2,366.67 Cr | 32.09 Cr | 152.78 Cr |
P N Gadgil Jewellers Ltd. Background
Our Company was originally incorporated as “P N Gadgil Jewellers Private Limited”, a private limited company, under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated October 28, 2013, issued by the RoC. The name of our Company was subsequently changed to “P N Gadgil Jewellers Limited”, upon conversion of our Company from a private limited to a public limited company, pursuant to a board resolution dated February 16, 2023, and a shareholders’ resolution dated March 10, 2023, and a fresh certificate of incorporation was issued on April 5, 2023, by the RoC.
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2013Incorporated as P N Gadgil Jewellers Private Limited, as a private limited company under the Companies Act, 1956.
Acquired the business of designing, manufacturing, and selling gold, silver, bullion, and jewellery from P N Gadgil Jewellers via a Business Transfer Agreement.
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2015Inaugurated the first store of the Company outside Maharashtra at Panaji, Goa.
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2016Inaugurated the 10th store of the Company at Ahmednagar, Maharashtra.
Inaugurated the 20th store of the Company at Pimpri, Maharashtra.
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2019Inaugurated the 30th store of the Company at Vashi, Maharashtra.
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2022Launch of the PNG Jewellers mobile application.
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2023Engaged Madhuri Dixit Nene as the brand ambassador for various sub-brands launched by the Company.
Conversion into a public limited company under the name ‘P N Gadgil Jewellers Limited on April 5, 2023.
1. Funding expenditure towards setting-up of 12 new stores in Maharashtra, India (“New Stores”)
2. Repayment or pre-payment, in full or part, of certain borrowings availed by our Company
3. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 480.00 | ₹ 480.00 |
| Open | ₹ 834.00 | ₹ 830.00 |
| Low | ₹ 782.00 | ₹ 781.50 |
| High | ₹ 843.80 | ₹ 848.00 |
| Last Trade | ₹ 792.80 | ₹ 793.30 |
1. Saurabh Vidyadhar Gadgil
2. Radhika Saurabh Gadgil
3. SVG Business Trust
The Indian jewellery retail sector’s size in FY 2023 was close to USD 70 billion. Within this landscape, organized retail accounted for about 37%, encompassing both national and regional players. The fine jewellery segment in India constitutes about 90% of the overall jewellery market. It ... Read more
Phone no:24478474
FAQs
When does P N Gadgil Jewellers Ltd. IPO opens and closes?
P N Gadgil Jewellers Ltd. IPO opens from 10th September to 12th September 2024.What is the size of P N Gadgil Jewellers Ltd. IPO?
The size of the P N Gadgil Jewellers Ltd. IPO is ₹1,100.00 Cr.What is the price range of P N Gadgil Jewellers Ltd. IPO?
The price range of P N Gadgil Jewellers Ltd. IPO is at ₹456 to ₹480 per share.What is the minimum investment and lot size required for the P N Gadgil Jewellers Ltd. IPO?
The minimum investment required is ₹14,880 and minimum lot size is 31 shares.When is P N Gadgil Jewellers Ltd. IPO listing date?
The P N Gadgil Jewellers Ltd. IPO will be listed on 17th September 2024.What is the objective of P N Gadgil Jewellers Ltd. IPO?
1. Funding expenditure towards setting-up of 12 new stores in Maharashtra, India (“New Stores”)2. Repayment or pre-payment, in full or part, of certain borrowings availed by our Company
3. General corporate purposes
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