₹ 14880
₹456- ₹480
31
₹830
73
12 Sep 2024
Download16 Sep 2024
17 Sep 2024
Application Details
P N Gadgil Jewellers is launching its Initial Public Offering (IPO) from September 10, 2024, to September 12, 2024. The IPO has a face value of ₹10 per share, with a price band set between ₹456 to ₹480 per share. Investors can participate with a minimum lot size of 31 shares. The total issue size of the IPO is 22,916,667 shares, amounting to approximately ₹1,100 crore. This includes a fresh issue of 17,708,334 shares, aggregating up to ₹850 crore, and an Offer for Sale (OFS) of 5,208,333 shares, aggregating up to ₹250 crore.
The IPO opens on Tuesday, September 10, 2024, and closes on Thursday, September 12, 2024. The basis of allotment is scheduled for Friday, September 13, 2024. Investors who do not receive shares will have their refunds initiated by Monday, September 16, 2024, with shares expected to be credited to the Demat accounts on the same day. The shares are set to be listed on the stock exchange on Tuesday, September 17, 2024.
Retail investors can apply for a minimum of one lot, comprising 31 shares, with a total investment of ₹14,880 at the upper price band. The maximum application for retail investors is 13 lots, totalling 403 shares, which requires an investment of ₹1,93,440. This IPO provides an opportunity for investors to participate in the growth of one of Maharashtra's prominent jewellery brands, with the proceeds from the fresh issue aimed at funding the company's expansion and other strategic initiatives.
About P N Gadgil Jewellers Limited
Company Overview
Founded in 2013, P N Gadgil Jewellers Limited has quickly risen to become a significant player in the jewelry market, offering a wide array of precious metal and jewelry products, including gold, silver, platinum, and diamond collections under the brand name “PNG.” Catering to various price ranges and designs, the company has established a robust presence, particularly in Maharashtra and Goa, and has expanded internationally with a store in the United States.
Legacy of Excellence and Trust
The ‘PNG’ brand carries the legacy of the historic ‘P N Gadgil’ brand, which dates back to 1832. This heritage has enabled P N Gadgil Jewellers to build a strong brand presence and loyalty in Maharashtra, India’s largest market for BIS-registered outlets. The company leverages this legacy to enhance its brand recall and maintain customer trust, focusing on quality and consistency across all its offerings.
Product Portfolio
P N Gadgil Jewellers boasts a rich assortment of jewellery across multiple categories. As of March 2024, the company offers over 10,000 SKUs in gold, 1,200 SKUs in silver, 2,700 SKUs in platinum, and more than 24,000 SKUs in diamond designs. The company caters to diverse customer needs with collections specifically designed for special occasions such as weddings, engagements, anniversaries, festivals, and everyday wear. The brand’s product lineup includes eight sub-brands in gold, two in diamonds, and two in platinum, with collections like Saptam, Swarajya, Rings of Love, and more, each tailored to different tastes and occasions. P N Gadgil Jewellers also provides a unique ‘make to order’ service, allowing customers to create bespoke jewellery pieces.
Retail Footprint
P N Gadgil Jewellers operates 39 stores, including 38 locations across 21 cities in Maharashtra and Goa, and one store in the U.S. By the end of Fiscal 2026, the company plans to increase its presence further by opening 12 additional stores, aiming for a total of 51 stores in Western India. The company utilizes a mix of company-owned and franchisee-operated models, managing 28 stores directly and 11 stores under the FOCO (franchisee-owned and company-operated) model. This approach ensures a consistent customer experience across all locations.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.