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IPO Status: Listed [10th Sep 2024 to 12th Sep 2024]
P N Gadgil Jewellers IPO, a Mainline IPO of ₹1100.00 Cr was launced on 10-09-2024 to 12-09-2024 and the shares got listed on BSE, NSE on 17-09-2024.
The public issue of P N Gadgil Jewellers IPO (PNGJL,544256) was offered at ₹480.00 per share and the ipo was listed at ₹830.00. It has delivered listing gain of 72.92%.
As the minimum lot size was 31 shares, the IPO has offered Rs 10850.00 per lot return on listing.
| IPO Issue Opening Date: | 10th Sep 2024 |
| IPO Issue Closing Date: | 12th Sep 2024 |
| IPO Issue Price: | ₹456.00-480.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1100.00 Cr |
| Offer for Sale: | ₹250.00 Cr |
| Fresh Issue: | ₹850.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 83.11 % |
| Allotment Status: | Allotment Status |
| BSE Code: | 544256 |
| NSE Code: | PNGJL |
Get important updates regarding P N Gadgil Jewellers IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 13th Sep 2024 |
| Refunds Initiation* | 16th Sep 2024 |
| Credit of Shares to Demat* | 16th Sep 2024 |
| IPO Listing Date* | 17th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹456.00-480.00 |
| Market Lot: | 31 Shares |
| 1 Lot Amount: | ₹14880 |
| Min Small HNI Lots(2-10 Lakh): | 434 shares (14 lots) - ₹208320 |
| Min Big HNI Lots(10+ Lakh): | 2108 shares (68 lots) - ₹1011840 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 17-09-2024 | 480.00 | 303.50 | 7200/100800 | ₹783.5 (63.23%) | 17-Sep-2024 10:30 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
PN Gadgil Jewellers Limited was founded in October 2013 and is active in the jewellery industry. The brand "PNG" traces its roots to the brand "P N Gadgil", whose rich heritage dates back to 1832 and has been in existence for over a century.
The company leverages the heritage of the ‘PNG’ brand and has created a strong brand recall and presence in Maharashtra. The company offers a wide range of precious metal/jewellery products including gold, silver, platinum and diamond jewellery in various price ranges and designs catering to the needs of customers and including collections specially designed for special occasions such as weddings, engagements, anniversaries and celebrations as well as for everyday use.
The products are mainly sold under the main brand "PNG" and various sub–brands through multiple channels, including the 33 retail stores and various online marketplaces, including the website.
The Company has grown to 33 stores including 32 stores across 18 cities in Maharashtra and Goa and one store in the US with a total retail space of approximately 95,885 square feet. All stores are operated and managed by us, with 23 stores owned by us and 10 stores operated by franchisees under the Franchisee Owned and Company Operated (“FOCO”) model.
The company continues to build on the ‘PNG’ brand, which it believes has developed a high recognition value. The high recognition value of the ‘PNG’ brand, complemented by a continued focus on quality and customer service, has enabled us to retain the favour of customers. The experience of the company and its founder Saurabh Vidyadhar Gadgil in the jewellery industry enables us to leverage the knowledge and understanding of customer preferences and needs to put together a wide range of designs in different ranges and price points, specifically tailored to the aesthetic and functional preferences and requirements of consumers.
| Incorporation | Sector | IPO Issue Size | Website |
| 2013 | Gems Jewellery And Watches | ₹1100.00 Cr | https://www.pngjewellers.com/ |
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from BSE, NSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 4,824,560 (28.57%) | 3,618,421 (21.43%) | 8,442,983 (50%) | 16,885,964 | |
| 1 | 10th Sep 2024 19:04 | 0.01x | 3.29x | 2.71x | 2.06x |
| 2 | 11th Sep 2024 19:04 | 0.10x | 16.09x | 7.28x | 7.11x |
| 3 | 12th Sep 2024 18:21 | 136.85x | 56.08x | 16.58x | 59.41x |
P N Gadgil Jewellers Limited's revenue increased by 34% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 1,464.98 | 1,062.55 | 1,110.24 | |||||||||||||||||||||||||||
| Revenue | 6,119.1 | 4,559.31 | 2,586.31 | |||||||||||||||||||||||||||
| Profit After Tax | 154.34 | 93.7 | 69.52 | |||||||||||||||||||||||||||
| Net Worth | 534.38 | 365.73 | 282.01 | |||||||||||||||||||||||||||
| Reserves and Surplus | 255.53 | 191.22 | ||||||||||||||||||||||||||||
| Total Borrowing | 396.5 | 283.21 | 294.93 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| P N Gadgil Jewellers Limited | 21.59 | 13.08 | 45.29 | 28.88 | ||
| Kalyan Jewellers India Limited | 5.8 | 5.8 | 40.67 | 101.53 | 14.23 | Standalone |
| Senco Gold Limited | 24.06 | 23.98 | 175.74 | 45.5 | 13.26 | Standalone |
| Thangamayil Jewellery Ltd | 44.91 | 44.91 | 179.74 | 42.89 | 24.99 | Standalone |
Last Updated on 19-Sep-2024 13:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase P N Gadgil Jewellers IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply P N Gadgil Jewellers IPO with Zerodha.
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P N Gadgil Jewellers IPO Review and Important Updates
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To subscribe or apply in P N Gadgil Jewellers IPO, you can use the following methods:
| P N Gadgil Jewellers IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in P N Gadgil Jewellers IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in P N Gadgil Jewellers IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in P N Gadgil Jewellers IPO. Most of the Syndicate Banks provide access to apply in P N Gadgil Jewellers IPO via ASBA process. You must have your net banking access, DP ID information to apply in P N Gadgil Jewellers IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in P N Gadgil Jewellers IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
P N Gadgil Jewellers IPO Review and Important Updates
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Applying in P N Gadgil Jewellers IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download P N Gadgil Jewellers IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply P N Gadgil Jewellers IPO, please refer article >> Link
P N Gadgil Jewellers IPO Review and Important Updates
Steps to download the online application form for P N Gadgil Jewellers IPO
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P N Gadgil Jewellers IPO is going to be list on 17-09-2024. NSE Code for P N Gadgil Jewellers is PNGJL. BSE Code for P N Gadgil Jewellers is 544256.
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P N Gadgil Jewellers IPO Allotment Date is 13-09-2024.
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