P N GADGIL IPO – Review, Allotment Status, Subscription, Price, Date & more

P. N. GADGIL & SONS LIMITED is one of the leading and trusted retail jewellery company in
Maharashtra. In this article, lets have a detailed analysis of P N Gadgil IPO, company’s objective, Offering, company’s goodwill, financials, allotment status, P N Gadgil IPO grey market pricing, subscription status, management information and more.


P N Gadgil IPO Review & Ratings

P N Gadgil IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.1/10
Industry Ranking 6.3/10
Company Background6.5/10
Company Reputation6.2/10
Competitive Edge6.3/10
Financial Statements6.4/10
Popularity Index6.5/10
Promoters Reputation6.5/10
Retail Appetite 6.7/10
Top Brokers Review6.0/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of P N Gadgil IPO

P N Gadgil IPOP N GADGIL & SONS LIMITED Company was incorporated in recently in 2017 but the brand was established in 1832. Company’s offerings include gold jewellery, silver jewellery, idols and other silverware, diamonds and diamond jewellery and other gemstones jewellery and related gift items. Company offer a wide range of products from jewellery for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points.  Company Planned to raise Rs.5,000 MILLION (Face Value Rs. 10) capital through fresh issue to finance establishment of proposed new stores.

The Promoters of the company are:

  • Govind Gadgil
  • Renu Gadgil

The lead manager to the issue is HDFC BANK LIMITED and YES Securities (India) Limited and the Registrar to this issue is Link Intime India Private Limited.


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P N Gadgil IPO Date

The opening and the closing date is not known yet.

P N Gadgil IPO Subscription

 Subscription
Day 1X
Day 2 X
Day 3X
Day 4 X
Day 5 X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.

P N Gadgil IPO Allotment Status

The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.

P N Gadgil IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.

P N Gadgil IPO Issue Size

The Issue size is Rs. 5000 Miliion, Issue price is yet to be decided.

P N Gadgil IPO Equity Share Offerings

42, 00,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (42,00,000* Issue Price).


P N Gadgil Limited – Company Overview

P N GADGIL & SONS LIMITED Company was incorporated in recently in 2017 but the brand was established in 1832. Company’s offerings include gold jewellery, silver jewellery, idols and other silverware, diamonds and diamond jewellery and other gemstones jewellery and related gift items.

Company offer a wide range of products from jewellery for special occasions such as weddings and festivals to dailywear jewellery for all ages, genders and across various price points. They cater to a variety of customers across high-end market, mid-market and value market segments and their products are designed by our in-house team of creative designers allowing us to manage a large and diverse portfolio of designs. They have a dedicated design team, focused on developing new products and designs that meet customers’ requirements. They also customize jewellery for individual needs. Company engage artisans and contract manufacturers to manufacture their jewellery.

Competitive Strengths of P N Gadgil Limited:

  • Experienced promoters and Management Expertise
  • Quality projects and committed operations
  • Independent Execution capabilities
  • Networking strength

Business strategies of P N Gadgil IPO Limited:

  • Leveraging Market Skills
  • Long Term Relationship with Clients
  • Achieving Operational Efficiencies
  • Expand Distribution Network & Customer Base
  • Brand Building
  • Expand the Business in new location

P N Gadgil Ltd – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Assets of the Company

Assets (in INR & Lakhs)

 31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Non-Current926.15880.79668.77595.99408.13
Current Assets4,245.303,177.432,162.052,169.151,791.14
Total Assets5,171.454,058.212,830.832,765.152,199.28

Revenue & PAT of the Company

   Revenue and Profit (in lakhs)

 31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Revenue 18,383.8915,495.0816,568.9314,833.8511,612.44
PAT575.58482.42351.68388.47236.97

Earnings per Equity Share (in Lakh)

 31-Mar-1831-Mar-1731-Mar-16
Basic 19.0216.0711.72
Diluted 19.0216.0711.72

From the above statements, one could find that the P N Gadgil Ltd has performed well in the past few years.


P N Gadgil IPO – Promoters

The Promoter of this company are: Govind Gadgil and Renu Gadgil. Also, the other key members are:

Amit Modak – Whole-time Director and Chief Executive Officer

Udaya Kalkundrikar – Non-Executive Director

Ashish Khandelwal – Independent Director

Ashok Gokhale – Independent Director

Ranjeet Natu – Independent Director

Ashutosh Nanal – Independent Director

The interest of Promoters in the Promotion of the company

The Promoters are interested in the Company to the extent that they have promoted the Company and to the extent

of their shareholding in the Company, as applicable, and the dividends payable, if any, and any other distributions

in respect of their shareholding in the Company.

The interest of Promoter in the Property of the company

The Promoters are not interested (directly or indirectly) in the properties acquired by the Company in the two

years preceding the filing of Draft Red Herring Prospectus with SEBI or proposed to be acquired by the

Company.

The interest of Promoter in the Intellectual Rights of the company

Promoter has not shown any interest in acquiring the intellectual rights of the company.


P N Gadgil IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares OfferedX
 Of which:
 Reserved for Market MakersX
 Net Issue to the PublicX
 Of which:
 Retail Investors PortionX
 Non-Retail Investors PortionX
 Equity Shares outstanding prior to the IssueX
 Equity Shares outstanding after the IssueX

P N Gadgil IPO Issue Object

These are the IPO Issue Objects of the company

  • Repayment / Prepayment of unsecured loans
  • To generate fund for the financial working capital of the company
  • To make up for the general corporate expenses of the company
  • To manage the expenses of the issue

These are the main reasons why the IPO is being floated by the company.


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P N Gadgil IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors. The face value of each share is Rs 10 and the issue price of the IPO is yet to be decided.

Qualitative factors are:

Some of the qualitative factors which form the basis for computing the Issue Price are:

  1. Long history, established brand name and transparent processes
  2. Network of strategically located stores
  3. Diversified product portfolio
  4. Strong understanding of customer preferences
  5. Effective internal control and processes
  6. Experienced Promoters supported by senior management team

 

The relevant quantitative factors are:

  • Basic and Diluted Earnings per Share (EPS)
  • Price to Earnings (P/E) ratio
  • Return on Net Worth
PeriodReturn on net worth %Weight
Year ended March 31, 201847.47%3
Year ended March 31, 201647.74%2
Year ended March 31, 201548.59%1
Weighted Average47.90
  • Minimum Return on Increased Net Worth required to maintain pre-issue Earnings Per Share
  • Net Asset Value per Equity Share
ParticularsNAV
As on March 31, 201836.39
As on March 31, 201739.35
As on March 31, 201627.99
  • Comparison of Accounting Ratios with Peer Group Companies
Sr. No. ParticularsFace Value  (in Rs.)EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
1Titan Company Limited111.769.76.8548.6
2Tribhovandas Bhimji Zaveri Limited102.7837.914.167.79
3P.C. Jewellers Limited1012.732.34.13102.7
4Thangamayil Jewellery1010.1753.169.65105.34

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P N Gadgil IPO Lead Managers

Lead Managers
HDFC BANK LIMITED and YES Securities (India) Limited

P N Gadgil IPO Registrar to offer

Registrar to the Offer
Link Intime India Private Limited

P N Gadgil IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
Angel Broking6.4/106.6/106.0/106.4/106.0/10
Sharekhan6.2/106.1/106.6/106.1/106.2/10
Kotak Securities6.3/106.2/106.3/106.4/106.3/10
ICICI Direct6.3/106.3/106.7/106.1/106.1/10
IIFL6.2/106.2/106.8/106.0/106.1/10
Edelweiss6.2/106.3/106.3/106.3/106.2/10
Zerodha6.3/106.4/106.3/106.3/106.0/10
5Paisa6.1/106.4/106.3/106.1/106.1/10
Karvy6.3/106.3/106.2/106.1/106.0/10
Motilal Oswal6.3/106.4/106.3/106.5/106.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


P N Gadgil IPO Grey Market Premium

The P N Gadgil IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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P N Gadgil IPO News

News 1 – IPO ISSUES OPEN SOON


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