₹ 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
₹ 1100.00 Cr
IPO Listing Details
Listing On
18 Sep'24
Issue Price
480
Listed Price
₹ 830
Retail Gain/Listing Gain
â–²72.92%
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.
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P.N. Gadgil Jewellers P.N. Gadgil Jewellers Company Background
Well established and trusted legacy brand in Maharashtra
The PNG brand derives its legacy from PN Gadgil brand, whose history dates back to 1832 and whose legacy is 100+ years old. The strong brand recall of the PNG brand coupled with continued focus on quality and customer service has allowed them to acquire and retain customers and stay well positioned in Maharashtra.
Diversified product portfolio across categories and price points
As of March 31, 2024, their product portfolio comprises 10,000+ SKUs in gold, 1,200+ SKUs in silver, 2,700+ SKUs in platinum and 24,000+ SKUs in diamond jewellery designs, including a wide range of gold, diamond, silver and platinum products across different price points. As of July 31, 2024, the company has eight sub-brands into gold jewellery, two sub-brands serving the diamond-jewellery needs of its customers, and two sub-brands in the platinum jewellery segment.
Strong historical financial results
Their revenue from operations increased from ₹25,556.34 million in FY22 to ₹61,109.45 million in FY24, at a CAGR of 54.63%. Their profit for the year also increased from ₹695.15 million in FY22 to ₹1543.43 million in FY24. This is due to their continued focus on innovative designs, new product launches, product quality, process improvement, and competitive pricing.
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
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
When is P. N. Gadgil Jewellers Ltd IPO listing date?
P. N. Gadgil Jewellers Ltd IPO will list on 2024-09-17.
What is the issue size of P. N. Gadgil Jewellers Ltd IPO?
1100.00 is the issue size of P. N. Gadgil Jewellers Ltd IPO.
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.
