Bookbuilding IPO | ₹1,100 Cr | Listed at BSE, NSE | Tue, Sep 10, 2024 - Thu, Sep 12, 2024
P N Gadgil Jewellers IPO is a book build issue of ₹1,100.00 crores. The issue is a combination of fresh issue of 1.77 crore shares aggregating to ₹850.00 crores and offer for sale of 0.52 crore shares aggregating to ₹250.00 crores.
P N Gadgil Jewellers IPO bidding started from Sep 10, 2024 and ended on Sep 12, 2024. The allotment for P N Gadgil Jewellers IPO was finalized on Sep 13, 2024. The shares got listed on BSE, NSE on Sep 17, 2024.
P N Gadgil Jewellers IPO price band is set at ₹480 per share. The lot size for an application is 31. The minimum amount of investment required by an retail is ₹14,880 (31 shares) (based on upper price). The lot size investment for sNII is 14 lots (434 shares), amounting to ₹2,08,320, and for bNII, it is 68 lots (2,108 shares), amounting to ₹10,11,840.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to P N Gadgil Jewellers IPO RHP for detailed Information.
IPO Open
Tue, Sep 10, 2024
IPO Close
Thu, Sep 12, 2024
Issue Price
₹480 per share
Market Cap (Pre-IPO)
₹6,514.00 Cr
| IPO Date | 10 to 12 Sep, 2024 |
| Listed on | Tue, Sep 17, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹456 to ₹480 |
| Issue Price | ₹480 per share |
| Lot Size | 31 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,29,16,666 shares (agg. up to ₹1,100 Cr) |
| Fresh Issue | 1,77,08,333 shares (agg. up to ₹850 Cr) |
| Offer for Sale | 52,08,333 shares of ₹10 (agg. up to ₹250 Cr) |
| Share Holding Pre Issue | 11,80,00,000 shares |
| Share Holding Post Issue | 13,57,08,334 shares |
| BSE Script Code / NSE Symbol | 544256 / PNGJL |
| ISIN | INE953R01016 |
P N Gadgil Jewellers IPO offers total 2,29,16,666 shares. Out of which 1,14,58,332 (50.00%) allocated to QIB, 45,83,333 (20.00%) allocated to QIB (Ex- Anchor), 34,37,500 (15.00%) allocated to NII 80,20,834 (35.00%) allocated to RII and 68,74,999 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,14,58,332 (50.00%) | NA |
| − Anchor Investor Shares Offered | 68,74,999 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 45,83,333 (20.00%) | NA |
| NII (HNI) Shares Offered | 34,37,500 (15.00%) | NA |
| − bNII > ₹10L | 22,91,667 (10.00%) | 5,280 |
| − sNII < ₹10L | 11,45,833 (5.00%) | 2,640 |
| Retail Shares Offered | 80,20,834 (35.00%) | 2,58,736 |
| Total Shares Offered | 2,29,16,666 (100.00%) |
Investors can bid for a minimum of 31 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 31 | ₹14,880 |
| Retail (Max) | 13 | 403 | ₹1,93,440 |
| S-HNI (Min) | 14 | 434 | ₹2,08,320 |
| S-HNI (Max) | 67 | 2,077 | ₹9,96,960 |
| B-HNI (Min) | 68 | 2,108 | ₹10,11,840 |
P N Gadgil Jewellers IPO raises ₹330.00 crore from anchor investors. P N Gadgil Jewellers IPO Anchor bid date is September 9, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 9, 2024 |
| Shares Offered | 68,74,999 |
| Anchor Portion (₹ Cr.) | 330.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 12, 2024 |
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 (between 1,000 sq. ft. to 2,500 sq.ft.) and 3 are small format (less than 1,000 sq. ft.).
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 1,464.98 | 1,062.55 | 1,110.24 |
| Total Income | 6,119.10 | 4,559.31 | 2,586.31 |
| Profit After Tax | 154.34 | 93.70 | 69.52 |
| NET Worth | 534.38 | 365.73 | 282.01 |
| Reserves and Surplus | 255.53 | 191.22 | |
| Total Borrowing | 396.50 | 283.21 | 294.93 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding expenditure towards setting-up of 12 new stores in Maharashtra (“New Stores”); | 392.57 |
| 2 | Repayment or pre-payment, in full or part, of certain borrowings availed by the Company; and | 300.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 28.88% |
| ROCE | 27.31% |
| Debt/Equity | 0.74 |
| RoNW | 28.88% |
| PAT Margin | 2.53% |
| Price to Book Value | 10.60 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.08 | 11.37 |
| P/E (x) | 36.7 | 42.2 |
| Promoter Holding | 100% | 83.11% |
| Market Cap | ₹6,514.00 Cr. |
The P N Gadgil Jewellers IPO is subscribed 59.41 times on September 12, 2024 6:19:07 PM (Day 3). The public issue subscribed 16.58 times in the retail category, 136.85 times in the QIB category, and 56.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 136.85 | 48,24,560 | 66,02,26,623 |
| NII | 56.08 | 36,18,421 | 20,29,37,439 |
| bNII (bids above ₹10L) | 59.11 | 24,12,281 | 14,25,91,227 |
| sNII (bids below ₹10L) | 50.03 | 12,06,140 | 6,03,46,212 |
| Retail | 16.58 | 84,42,983 | 13,99,55,049 |
| Total | 59.41 | 1,68,85,964 | 1,00,31,19,111 |
Total Application : 39,86,537
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs' fees and commissions (including underwriting commission, brokerage and selling commission) | |
| 2 | Selling commission/processing fee for SCSBs, Banker(s) to the Offer, Sponsor Bank(s) and fee payable to the Sponsor Bank(s) for Bids made by RIBs(2)(3)(7) | |
| 3 | Bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs(4)(5)(6)(7) | |
| 4 | Fees payable to the Registrar to the Offer | |
| 5 | Other expenses: (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | |
| 6 | (ii) Printing and stationery | |
| 7 | (iii) Advertising and marketing expenses | |
| 8 | (iv) Fee payable to legal counsel | |
| 9 | (v) Fee payable to statutory auditors | |
| 10 | (vi) Fee payable to architect | |
| 11 | (vii) Miscellaneous |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹480.00 | ₹480.00 |
| Open | ₹834.00 | ₹830.00 |
| Low | ₹782.00 | ₹781.50 |
| High | ₹843.80 | ₹848.00 |
| Last Trade | ₹792.80 | ₹793.30 |
P N Gadgil Jewellers IPO is a main-board IPO of 2,29,16,666 equity shares of the face value of ₹10 aggregating up to ₹1,100 Crores. The issue is priced at ₹480 per share. The minimum order quantity is 31.
The IPO opens on Tue, Sep 10, 2024, and closes on Thu, Sep 12, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in P N Gadgil Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in P N Gadgil Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in P N Gadgil Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The P N Gadgil Jewellers IPO opens on Tue, Sep 10, 2024 and closes on Thu, Sep 12, 2024.
P N Gadgil Jewellers IPO lot size is 31, and the minimum amount required for application is ₹14,880.
You can apply in P N Gadgil Jewellers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for P N Gadgil Jewellers IPO will be done on Friday, September 13, 2024, and the allotted shares will be credited to your demat account by Mon, Sep 16, 2024. Check the P N Gadgil Jewellers IPO allotment status.
The P N Gadgil Jewellers IPO listing date is on Tue, Sep 17, 2024.
