| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹1100.00 Cr |
| Fresh Issue | ₹850.00 Cr |
| Offer for Sale | ₹250.00 Cr |
| Face Value | βΉ10 Per Equity Share |
| Price Band | βΉ456.00-480.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544256 |
| NSE Code | PNGJL |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Motilal Oswal Investment Advisors... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 31 shares and in multiples thereof
P N Gadgil Jewellers Limited was established in 2013 and offers a wide range of precious metal/jewelry products including gold, silver, platinum, and diamond jewelry under its brand name "PNG" in various price ranges and designs.
As of December 31, 2023, the Company has 8 sub-brands offering gold jewelry collections for various occasions, namely Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Litestyle, Pratha and Yoddha, two sub-brands offering diamond jewelry collections, namely Eiina and PNG Solitaire, and two sub-brands offering platinum jewelry collections, namely Men of Platinum and Evergreen Love. The company also offers its customers the option of having jewelry made to measure.
As of December 31, 2023, the Company had 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 sq. ft. All stores are operated and managed by the company, with 23 stores owned by the company and 10 stores operated by franchisees under the FOCO (franchisee-owned and company-operated) model. Of these stores, 19 are large format (2,500 sq. ft. or more), 11 are medium format (between 1,000 sq. ft. to 2,500 sq.ft.) and 3 are small format (less than 1,000 sq. ft.).
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (βΉ Cr.) |
|---|---|---|
| 1 | Funding expenditure towards setting-up of 12 new stores in Maharashtra (βNew Storesβ); | 392.57 |
| 2 | Repayment or pre-payment, in full or part, of certain borrowings availed by the Company; and | 300.00 |
| 3 | General corporate purposes |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 1,464.98 | 1,062.55 | 1,110.24 |
| Total Income | 6,119.10 | 4,559.31 | 2,586.31 |
| Profit After Tax | 154.34 | 93.70 | 69.52 |
| NET Worth | 534.38 | 365.73 | 282.01 |
| Reserves and Surplus | 255.53 | 191.22 | |
| Total Borrowing | 396.50 | 283.21 | 294.93 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 28.88% |
| ROCE | 27.31% |
| Debt / Equity | 0.74% |
| RoNW | 28.88% |
| PAT Margin | 2.53% |
| Price to Book Value | 10.60 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (βΉ) | 13.08 | 11.37 |
| P/E (x) | 36.7 | 42.2 |
| Promoter Holding | 100% | 83.11% |
| Market Cap | βΉ6514.00 Cr. | |