PNGS Gargi Fashion Jewellery Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹32(106.67%)
Premium (ELP)
PNGS Gargi Fashion Jewellery Limited's has transitioned to a publicly listed entity following its IPO debut on Dec 20, 2022 at the BSE exchange. The public offering successfully raised 26,00,000 Shares, consisting of 26,00,000 Sharesin new capital.
The IPO featured a competitive price range of ₹30 to ₹30 and minimum application size of 4000 shares. Market reception was evidenced through subscription activity between Dec 08, 2022 and Dec 13, 2022, reflecting investor appetite for the offering.
Allotment of shares was completed on Dec 16, 2022, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
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.
Incorporated in 2009, PNGS Gargi Fashion Jewellery Limited operates in the retail business of costume and fashion jewellery under the brand “Gargi by P. N. Gadgil & Sons,” introduced in 2021 in the artificial jewellery segment. The company offers 92.5% certified sterling silver jewellery, brass jewellery, idols, silverware, and gift items, covering a wide range of products suitable for weddings, festivals, and daily wear across all age groups and genders. Its extensive portfolio includes earrings, necklaces, pendants, chains, rings, bracelets, anklets, nose pins, mangalsutra, pendant sets, and bangles, along with men’s accessories such as rings, cufflinks, and button sets to match evolving trends and customer preferences. The company also has an agreement with P. N. Gadgil & Sons Limited and P. N. Gadgil Art & Culture Foundation to provide 24×7 security guards at all store locations where its POS counters operate.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong & Trusted Brand Name: Backed by the long-established reputation of “P.N. Gadgil & Sons.”
- Wide Product Range: Offers an extensive list of products to meet diverse customer needs.
- Hybrid Shopping Model: Provides both online and offline shopping options for customer convenience.
- Experienced Promoters & Skilled Team: Led by knowledgeable promoters and supported by a well-trained workforce.
- Robust Internal Controls: Follows effective processes to ensure smooth and reliable operations.
NA
- Mr. Govind Vishwanath Gadgil
- Ms. Renu Govind Gadgil
PNGS Gargi Fashion Jewellery Limited
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