IPO Details
Bidding Dates
10 Sept 24 - 12 Sept 24
Price Range ₹
456 - 480
Total Equity
₹ 810.53Cr
Lot Size
31
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
16.58×
Qualified Institutional Buyers
136.85×
Employees
0.00×
Retail Investors
16.58×
Total subscription Rate
59.41×
IPO Timeline
Allotment
--
Refund initiation
--
Demat transfer
--
Offer start
10 Sept 2024
Offer end
12 Sept 2024
Listing
17 Sept 2024
Allotment
--
Refund initiation
--
Demat transfer
--
Offer start
10 Sept 2024
Offer end
12 Sept 2024
Listing
17 Sept 2024
About Company
Established in 2013, P N Gadgil Jewellers Limited offers an extensive range of jewelry products, including gold, silver, platinum, and diamond pieces, under its well-known brand "PNG." The company caters to a variety of price points and designs, providing customers with diverse options in precious metals and jewelry. As of December 31, 2023, the company features eight sub-brands for gold jewelry collections tailored to different occasions, including Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Litestyle, Pratha, and Yoddha. Additionally, it has two sub-brands for diamond jewelry, Eiina and PNG Solitaire, as well as two sub-brands for platinum jewelry, Men of Platinum and Evergreen Love. Customers can also opt for made-to-measure jewelry services. By the end of 2023, the company expanded its retail presence to 33 stores—32 across 18 cities in Maharashtra and Goa, and one in the US—covering a total retail area of approximately 95,885 square feet. The stores are operated and managed by the company, with 23 owned directly and 10 operated under a franchise-owned, company-operated (FOCO) model. The store formats include 19 large (2,500 sq. ft. or more), 11 medium (1,000 to 2,500 sq. ft.), and 3 small (under 1,000 sq. ft.) outlets. As of September 30, 2023, P N Gadgil Jewellers employed a total of 1,152 staff members.
Year Founded
28-10-2013
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 83.11 |
| Share Capital | 118000000 | 112791667 |
Offer to Public
1,68,85,964.00 Cr
Highlights
- P N Gadgil has a strong network of 39 stores across 21 cities, including an international presence in the US.
- A variety of sub-brands for gold, diamond, and platinum jewellery caters to different customer segments.
- The company adheres to hallmarking standards and conducts regular quality checks to ensure the purity of its gold.
- With thousands of SKUs across gold, silver, platinum, and diamond categories, the company offers a wide range of jewellery designs.
- Steady increases in revenue and profit reflect the company's strong market performance and financial stability.
Challenges
- The company’s success depends on maintaining a positive brand image, and any negative perception could reduce consumer visits, impacting revenues.
- A substantial portion of revenue is concentrated in Pune, making the business vulnerable to adverse developments in the region.
- The company relies entirely on external artisans for manufacturing, and disruptions in production could affect business operations.
- The company and its related entities are involved in legal proceedings, with potential adverse judgments posing risks to its reputation and business.
- The company’s revenue is largely driven by gold jewellery sales, making it vulnerable to fluctuations in gold availability or demand.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 11,273.50 | 1,180.00 | 937.00 | 742.85 | 13.4574 |
| 2023 | 11,037.14 | 1,180.00 | 1,543.43 | 1,543.43 | 13.0799 |
| 2021 | 10,254.54 | 1,180.00 | -67.10 | 10.55 | 0.1911 |
| 2024 | 14,649.79 | 1,180.00 | 1,543.43 | 1,543.43 | 13.0799 |
