P N Gadgil Jewellers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

Let’s have a detailed review of the company and analytics of the P N Gadgil Jewellers IPO release date, IPO offer price, subscription, P N Gadgil Jewellers Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

P N Gadgil Jewellers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

P N Gadgil Jewellers IPO – Summary

They are the second largest among the prominent organised jewellery players in Maharashtra, in terms of the number of stores as of January 2024, which is the largest market for BIS-registered outlets in India.

They are also the fastest-growing jewellery brand amongst the key organised jewellery players in India, based on the revenue growth between Fiscal 2021 and Fiscal 2023.

The promoters of this company are SAURABH VIDYADHAR GADGIL, RADHIKASAURABHGADGIL AND SVG BUSINESS TRUST. The lead managers of the issue is Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and BOB Capital Markets Limited and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.

P N Gadgil Jewellers IPO Date

The opening and closing dates of P N Gadgil Jewellers IPO are not available yet.

P N Gadgil Jewellers IPO Subscription

The shares subscribed by the public will be updated here.

P N Gadgil Jewellers IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

P N Gadgil Jewellers Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

P N Gadgil Jewellers IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 

P N Gadgil Jewellers IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.11,000 Million.

P N Gadgil Jewellers IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.11,000 Million

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P N Gadgil Jewellers IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

P N Gadgil Jewellers IPO Grey Market Premium

The P N Gadgil Jewellers Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

P N Gadgil Jewellers IPO – Company Overview

Their CAGR for revenue from operations for the period between Fiscal 2021 and Fiscal 2023 was 52.82%.

They achieved an EBITDA growth of 56.50% between Fiscal 2021 and Fiscal 2023, which is among the highest in key organised jewellery players in India. They also had the highest increase in ROE from Fiscal 2021 and Fiscal 2023 and the highest revenue per square feet in Fiscal 2023 among the key organised jewellery players in India.

Maharashtra leads the retail spending in India and accounted for approximately 15% of the overall retail spend on jewellery in India in Fiscal 2023. The ‘PNG’ brand derives its legacy from the ‘P N Gadgil brand, which has a rich heritage dating back to 1832 and a legacy of over a century.

Leveraging the legacy and heritage of the ‘PNG’ brand, they have created a strong brand recall and presence in Maharashtra offering a wide range of precious metal/jewellery products including gold, silver, platinum and diamond jewellery, across various price points and designs

P N Gadgil Jewellers IPO – Financial Statements

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

Financial Summary:

Earnings per Equity Share (in Million)

Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 936.93 Million, Rs. 695.72 Million and Rs. (65.81) Million respectively.

P N Gadgil Jewellers IPO – Promoters

The Promoter of this company is:

1. SAURABH VIDYADHAR GADGIL,
2. RADHIKASAURABHGADGIL
3. SVG BUSINESS TRUST

List of Related Parties (Key Managerial Personnel)

• Saurabh Vidyadhar Gadgil, Managing Director
• Parag Yashwant Gadgil, Executive Director
• Radhika Saurabh Gadgil, Executive Director
• Kiran Prakash Firodiya, Executive Director and Chief Financial Officer

P N Gadgil IPO – Promoters Holding

• Pre-Issue Share Holding – %
• Post-Issue Share Holding – %

P N Gadgil IPO Offer Details or Issue Details

P N Gadgil Jewellers IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

• Funding expenditure towards setting of 12 new stores in Maharashtra (“New Stores”);
• Repayment or pre-payment, in full or part, of certain borrowings availed by their Company; and
• General corporate purposes

P N Gadgil Jewellers IPO – Business Strategy

• Expand their retail network in western India by leveraging their brand
• Continue to invest in their marketing and brand-building initiatives
• Focus on increasing footfalls in their existing stores and increasing the average transaction value
• Increase their digital presence to increase customer base and sales

P N Gadgil Jewellers IPO – Basis of 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.

Qualitative factors are:

• Well-established and trusted legacy brand in Maharashtra;
• Second largest organised retail jewellery player and one of the fastest-growing brand in Maharashtra;
• Diversified product portfolio across categories and price points;
• Experienced Promoter and management team with proven execution capabilities; and
• Strong historical financial results

The relevant quantitative factors are:

P N Gadgil IPO: Competitive Peers

P N Gadgil Jewellers IPO Lead Managers

P N Gadgil Jewellers IPO Registrar to offer

P N Gadgil IPO – Other Details

• Statutory Auditor – GDA & Associates, Chartered Accountants
• Legal Counsel to the Company – Trilegal
• Bankers to the Company – Saraswat Co-Operative Bank Limited, Karnataka Bank Limited, HDFC Bank Limited etc

P N Gadgil IPO Review by Stock Brokers

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P N Gadgil Jewellers Limited IPO News

News 1 – IPO DRHP Download

News 2 – IPO RHP Prospectus Download

P N Gadgil Jewellers IPO Review FAQs

Check out various FAQs related to P N Gadgil IPO:

What is the Issue Size of P N Gadgil IPO?

The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of P N Gadgil IPO?

The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is concerned, it is Rs. 10 per share.

What is the P N Gadgil IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

What is the P N Gadgil IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

What is the P N Gadgil IPO Listing Date?

Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

Who is the Registrar of P N Gadgil IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of P N Gadgil IPO?

Here are the promoters of this IPO – SAURABH VIDYADHAR GADGIL, RADHIKASAURABHGADGIL AND SVG BUSINESS TRUST. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of P N Gadgil IPO?

They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

Is P N Gadgil Jewellers IPO Good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of P N Gadgil Jewellers Company?

They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 936.93, 2022 is 695.72, and 2021 is (65.81). PAT from Sep 2023 is 436.25.

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