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P N Gadgil Jewellers IPO IPO

Mainline10 Sep 202412 Sep 2024
Open
10 Sep 2024
Close
12 Sep 2024
3
Allotment
Listing
Tue, Sep 17, 2024
Price Band
₹456 to ₹480
Issue Size
2,29,16,666 shares (agg. up to ₹1,100 Cr)
Lot Size
31 Shares
Listing Date
Tue, Sep 17, 2024
Latest GMP
₹303.5
Est. Gain
63.23%
✦ AI Insight

GMP Trend

17-09-2024303.5Est. ₹783.5+63.23%
16-09-2024303.5Est. ₹783.5+63.23%
15-09-2024300Est. ₹780+62.5%

Live Subscription

CategorySubscription (times)
Total44.13x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,464.981,062.551,110.24
Total Income6,119.104,559.312,586.31
Profit After Tax154.3493.7069.52
NET Worth534.38365.73282.01
Reserves and Surplus255.53191.22
Total Borrowing396.50283.21294.93
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
RBZ Jewellers Ltd.Mainboard₹100.00 Cr₹10013.77₹105.00+5.00%₹148.84 (-1.03%)
Motisons Jewellers Ltd.Mainboard₹151.09 Cr₹5517.59₹103.55+88.27%₹14.08 (+0.57%)
Manoj Vaibhav Gems 'N' Jewellers Ltd.Mainboard₹270.20 Cr₹21511.74₹215.50+0.23%₹161.04 (-1.92%)
Utssav CZ Gold Jewels Ltd.SME₹69.50 Cr₹11026.92₹115.55+5.05%₹551.15 (+4.83%)
Varyaa Creations Ltd.SME₹20.10 Cr₹15065.56₹270.75+80.50%₹29.00 (-2.62%)
Koura Fine Diamond Jewelry Ltd.SME₹5.50 Cr₹55106.7₹78.63+42.96%₹34.90 (+7.06%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding expenditure towards setting up of 12 new stores in Maharashtra (New Stores)392.57
2Repayment or pre-payment, in full or part, of certain borrowings availed by the Company300.00
3General Corporate Purposes109.15
Total801.72

About P N Gadgil Jewellers IPO

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 (betw

Contact Details

P N Gadgil Jewellers Ltd. Address694, Narayan PethPune, Maharashtra, 411030+912024478474secretarial@pngadgil.comVisit Website