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P N Gadgil Jewellers Limited IPO

P N Gadgil Jewellers Limited IPO

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Listed Price: ₹ 830.00 (+72.92%)

The public market debut of P N Gadgil Jewellers Limited's was completed on 17-09-2024 with its listing on the NSE, BSE exchange. The IPO process raised 2,29,16,666 Shares in total capital, consisting of 1,77,08,333 Shares in new equity and ₹250.00 Cr in existing share sales through the OFS route.

The offering featured a price range of ₹456 to ₹480 and minimum application size of 31 shares. Investor response during the subscription period from 10-09-2024 to 12-09-2024 influenced the final allotment ratios across investor categories.

Final allotment was announced on 13-09-2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

P N IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
P N IPO Key Performance Indicator
Company Financials ( In Crores )

P N IPO About Company

P N Gadgil Jewellers Limited, established in 2013, offers a wide range of gold, silver, platinum, and diamond jewelry under its well-known “PNG” brand. By December 31, 2023, the company had expanded to 33 stores—32 located across 18 cities in Maharashtra and Goa, and one in the US—covering a total retail area of 95,885 sq. ft. Operating through both company-owned and FOCO models, the stores range from large to small formats to cater to different markets. The brand offers 8 gold jewelry sub-brands, 2 diamond collections, and 2 platinum collections, along with customized jewelry services. As of September 30, 2023, the company employed 1,152 people.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

P N IPO Strength Factors

  1. Trusted Heritage: A well-known and respected jewelry brand in Maharashtra with strong local roots.
  2. Market Leader: The second-largest organized jewelry retailer, growing quickly.
  3. Wide Range: Offers jewelry in various styles and price ranges to suit different customer preferences.

P N IPO Risk Factors

  1. Brand Reputation: If the brand's image gets damaged, it could reduce customer visits and hurt profits.
  2. Marketing Effectiveness: Poor marketing or a negative public image could impact sales and cash flow.
  3. Inventory Management: Wrong market predictions or having too much or too little stock could affect business operations and profits.

P N IPO Lead Manager(s)

  • Motilal Oswal Investment Advisors Limited
  • Nuvama Wealth Management Limited
  • Bob Capital Markets Limited

P N IPO Promoter(s)

  1. Saurabh Vidyadhar Gadgil
  2. Radhika Saurabh Gadgil
  3. SVG Business Trust

P N IPO Company Details

P N Gadgil Jewellers Limited
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Phone:
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address:

P N IPO Registrar

Bigshare Services Private Limited
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P N IPO FAQs