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PNGS Gargi Fashion Jewellery IPO is a fixed price issue of ₹7.80 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹7.80 crore.
PNGS Gargi Fashion Jewellery IPO bidding started from Dec 8, 2022 and ended on Dec 13, 2022. The allotment for PNGS Gargi Fashion Jewellery IPO was finalized on Dec 16, 2022. The shares got listed on BSE SME on Dec 20, 2022.
PNGS Gargi Fashion Jewellery IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to PNGS Gargi Fashion Jewellery IPO RHP for detailed Information.
| IPO Date | December 8, 2022 to December 13, 2022 |
| Listing Date | December 20, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,00,000 shares (aggregating up to ₹7.80 Cr) |
| Reserved for Market Maker | 1,36,000 shares Shreni Shares Ltd. (aggregating up to ₹0.4080 Cr) |
| Net Offered to Public | 24,64,000 shares (aggregating up to ₹7.39 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,28,003 shares |
| Share Holding Post Issue | 96,28,003 shares |
PNGS Gargi Fashion Jewellery IPO offers total 26,00,000 shares. Out of which 12,32,000 (47.38%) allocated to NII, 12,32,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,36,000 (5.23%) |
| NII (HNI) Shares Offered | 12,32,000 (47.38%) |
| Retail Shares Offered | 12,32,000 (47.38%) |
| Total Shares Offered | 26,00,000 (100.00%) |
PNGS Gargi Fashion Jewellery IPO opens on December 8, 2022, and closes on December 13, 2022.
| IPO Open Date | Thu, Dec 8, 2022 |
| IPO Close Date | Tue, Dec 13, 2022 |
| Tentative Allotment | Fri, Dec 16, 2022 |
| Initiation of Refunds | Mon, Dec 19, 2022 |
| Credit of Shares to Demat | Tue, Dec 20, 2022 |
| Tentative Listing Date | Tue, Dec 20, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 13, 2022 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2009, PNGS Gargi Fashion Jewellery Limited is engaged in the retail business of costume and fashion jewellery under the brand name "Gargi by P. N. Gadgil & Sons" launched in 2021 under the artificial jewellery segment.
The company deals in 92.5% certified sterling silver jewellery and brass jewellery, idols and other silverware and related gift items. PNGS Gargi Fashion Jewellery Limited offer a wide range of products from artificial jewellery segment for special occasions such as weddings and festivals to daily-wear jewellery for all ages, genders and across various price points.
The company have an extensive product list which includes earrings, necklaces, pendants, chains, finger rings, bracelets, anklets, nose pins, mangal sutra, pendant sets, bangles in brass or silver for females of age groups as well as male accessories such as rings, cufflinks, button set, that cater to our customers taste, preference, choice and the ever-changing trends in the chain and jewellery designs.
The company has an agreement with P.N. Gadgil & Sons Limited and P. N. Gadgil Art & Culture Foundation includes providing with security guards to all the stores, 24 hours a day where our POS Counters are present.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2.93 | 0 | 0.1 | 1.28 | 0.36 |
| 31-Mar-21 | 2.64 | 0.63 | 0.35 | 1.62 | 0.36 |
| 31-Mar-22 | 836.2 | 593.94 | 110.53 | 109.5 | 531.28 |
| 30-Sep-22 | 1247.77 | 1189.18 | 213.17 | 1072.71 | |
| Amount in ₹ Lakhs | |||||
The market capitalization of PNGS Gargi Fashion Jewellery IPO is ₹28.88 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 6.77 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
[Dilip Davda] PNGSG is operating in a highly competitive and fragmented segment. The sustainability of margins reported for the last 18 months raises concern. The issue is attractively priced on the basis of its recent super earnings but maintaining such performance going forward holds the key. Well-informed, cash surplus/risk seekers may consider investing in this IPO. Read detail review...
| Listing Date | December 20, 2022 |
| BSE Script Code | 543709 |
| NSE Symbol | |
| ISIN | INE0NT601018 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹57.00 |
| Low | ₹57.00 |
| High | ₹59.85 |
| Last Trade | ₹59.85 |
PNGS Gargi Fashion Jewellery Ltd.
S. No. 37/1 & 37/2,
Near Lokmat New Paper,
Wadgaon, Khurd,
Pune, Maharashtra, 411041
Phone: 020 – 2991 1980
Email: info@gargibypng.com
Website: https://www.gargibypng.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
PNGS Gargi Fashion Jewellery IPO is a SME IPO of 26,00,000 equity shares of the face value of ₹10 aggregating up to ₹7.80 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on December 8, 2022, and closes on December 13, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in PNGS Gargi Fashion Jewellery IPO using UPI as a payment gateway. Zerodha customers can apply in PNGS Gargi Fashion Jewellery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PNGS Gargi Fashion Jewellery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PNGS Gargi Fashion Jewellery IPO opens on December 8, 2022 and closes on December 13, 2022.
PNGS Gargi Fashion Jewellery IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in PNGS Gargi Fashion Jewellery 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 PNGS Gargi Fashion Jewellery IPO will be done on Friday, December 16, 2022, and the allotted shares will be credited to your demat account by Tuesday, December 20, 2022. Check the PNGS Gargi Fashion Jewellery IPO allotment status.
The PNGS Gargi Fashion Jewellery IPO listing date is on Tuesday, December 20, 2022.
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