₹ 14880 / 31 shares
IPO Details
RHP/DRHPIssue Date
10 Sep - 12 Sep'24
Investment/lot
₹ 14880
Price Range
456 - 480
Lot Size
31
IPO Size
₹ 1100 Cr
IPO Timeline
P.N. Gadgil Jewellers Company Background
PN Gadgil Jewellers is the second largest organised jewellery player in Maharashtra, in terms of the number of stores, as of January 2024. (Source: Technopak Report).
The company offers a wide range of precious metals/jewellery products including gold, silver, platinum, and diamond jewellery across various price points and designs for special occasions, such as weddings, engagements, anniversaries and festivals, as well as for everyday wear.
With that, let's take a look at the competitive strengths and risk factors for PN Gadgil Jewellers Limited IPO:
P.N. Gadgil Jewellers P.N. Gadgil Jewellers Company Background
Well established and trusted legacy brand in Maharashtra
Diversified product portfolio across categories and price points
Strong historical financial results
Risk Factors
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The strength of their brands are crucial to their success. Any reputational damage to the brand, name or logo can hurt the business.
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Their business is primarily concentrated in Maharashtra, especially Pune and they are significantly dependent on five of their stores located in Maharashtra for revenue generation. Any adverse development affecting such region or stores may hurt the business.
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The company requires significant working capital for continued growth. Their inability to meet working capital requirements, on commercially acceptable terms, may hurt their business.
Key Strategies
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Expand retail network in western India by leveraging their brand
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Continue to invest in their marketing and brand building initiatives
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Increase digital presence to increase customer base and sales
P.N. Gadgil Jewellers Limited Key Financials
Here are the key financials for PN Gadgil Jewellers Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
How to apply for an IPO using UPI
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for P N Gadgil Jewellers Ltd IPO?
Here are the steps to apply for P N Gadgil Jewellers Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
P. N. Gadgil Jewellers Ltd IPO FAQs
What is the minimum lot size required for P. N. Gadgil Jewellers Ltd IPO?
The minimum lot size is 31 shares and the investment required is ₹14880.
What is the price band of the P. N. Gadgil Jewellers Ltd IPO?
The price band of P. N. Gadgil Jewellers Ltd IPO is ₹456 to ₹480.
Where can I read more about P. N. Gadgil Jewellers Ltd business?
You can read more about P. N. Gadgil Jewellers Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the PN Gadgil Jewellers Limited IPO?
The PN Gadgil Jewellers IPO has an issue size of ₹1100 crores. The IPO opens for subscription on 10/09/2024 and closes on 12/09/2024.
Who is the Registrar for PN Gadgil Jewellers Limited IPO?
Bigshare Services Private Limited is the registrar for this IPO.
