PN Gadgil Jewellers IPO GMP, Price, Allotment, Profit Estimate 2024

PN Gadgil Jewellers IPO Description –

Founded in 1832, P N Gadgil Jewellers boasts a rich heritage and has experienced significant growth, with a 52.82% increase in revenue from Fiscal 2021 to Fiscal 2023. The company operates 33 stores across Maharashtra, Goa, and the U.S., offering a diverse product portfolio that includes gold, silver, platinum, and diamond jewelry. These products are primarily sold under its flagship brand, ‘PNG‘.

All of the stores are operated and managed by the company, with 23 being owned stores and 10 operating under a franchisee-owned and company-operated (“FOCO”) model.

As of 31 December 2023, the company has 8 sub-brands offering gold jewelry collections for various occasions, including Saptam, Swarajya, Rings of Love, The Golden Katha of Craftsmanship, Flip, Lifestyle, Pratha, and Yoddha. Additionally, it has two sub-brands for diamond jewelry, namely Eiina and PNG Solitaire, and two sub-brands for platinum jewelry, Men of Platinum and Evergreen Love. The company also offers customers the option of custom-made, made-to-measure jewelry.

Promoters of PN Gadgil Jewellers – Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, and SVG Business Trust

PN Gadgil Jewellers IPO Details

PN Gadgil Jewellers IPO Dates	Coming soon
PN Gadgil Jewellers Issue Price	INR per share
Fresh issue	INR 850 crore
Offer For Sale	INR 250 crore
Total IPO size	INR 1,100 crore
Minimum bid (lot size)	Coming soon
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE, BSE

PN Gadgil Jewellers Financial Performance

	FY 2021	FY 2022	FY 2023	H1 FY 2024
Revenue	1,930.06	2,555.63	4,507.52	2,627.85
Expenses	1,937.79	2,501.27	4,441.23	2,570.91
Net income	(6.58)	69.57	93.69	43.63
Margin (%)	(0.34)	2.72	2.08	1.66

Figures in INR Crores unless specified otherwise

PN Gadgil Jewellers Offer News

PN Gadgil Jewellers Valuations & Margins

	FY 2021	FY 2022	FY 2023 (Pre Issue)	H1 FY 2024 (Post-Issue)*
EPS	(1.17)	5.89	7.94	3.71
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2021	FY 2022	FY 2023
RONW (%)	(2.65)	22.48	25.09
NAV	37.25	23.90	30.99
ROCE (%)	8.08	19.89	23.29
EBITDA (%)	3.69	5.56	3.87
Debt/Equity	1.40	1.05	0.78

*Compiled by IPO Central from Prospectus

PN Gadgil Jewellers IPO GMP Today (Daily Trend)

PN Gadgil Jewellers IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

Funding expenditure towards setting up 12 new stores in Maharashtra – INR 386.98 crore
Repayment or pre-payment of borrowings availed by the company – INR 300 crore
General corporate purposes.

PN Gadgil Jewellers IPO Subscription IPO Subscription – Live Status

Coming soon

PN Gadgil Jewellers – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
PN Gadgil Jewellers		7.94	25.09	30.99	4,507.52
Kalyan Jewellers India	91.71	4.20	11.88	35.28	14,071.45
Senco Gold	33.88	22.87	16.76	169.30	4,077.40
Thangamayil Jewellery	20.79	58.13	20.51	283.38	3,152.55

PN Gadgil Jewellers IPO Allotment Status

PN Gadgil Jewellers IPO allotment status will be available on Bigshare’s website. Click on this link to get allotment status.

PN Gadgil Jewellers IPO Dates & Listing Performance

IPO Opening Date	Coming soon
IPO Closing Date	Coming soon
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
PN Gadgil Jewellers IPO Listing Date	Coming soon
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

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PN Gadgil Jewellers Offer Lead Manager

MOTILAL OSWAL INVESTMENT ADVISORS LIMITED
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi,
Mumbai- 400 025, Maharashtra, India
Phone: +91 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com

PN Gadgil Jewellers Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

P N GADGIL JEWELLERS LIMITED
PNG Vishwa, 359, Chitrashala Chowk Laxmi
Road, Narayan Peth Pune, Maharashtra – 411 030
Phone: +91 20 2447 8474
Email: [email protected]
Website: www.pngjewellers.com

PN Gadgil Jewellers IPO FAQs

How many shares in PN Gadgil Jewellers IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for PN Gadgil Jewellers Public Offer?

The best way to apply for PN Gadgil Jewellers public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.