P N Gadgil Jewellers Ltd. IPO

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. Read more

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.

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 ... is further categorized into gold and non-gold categories, with non-gold encompassing diamond, platinum, silver, platinum, and other materials. Read more