Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Thu, Dec 8, 2022 - Tue, Dec 13, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Dec 8, 2022
IPO Close
Tue, Dec 13, 2022
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹28.88 Cr
| IPO Date | 8 to 13 Dec, 2022 |
| Listed on | Tue, Dec 20, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,36,000 shares Shreni Shares Ltd. (agg. up to ₹0.4080 Cr) |
| Fresh Issue (Ex Market Maker) | 24,64,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 24,64,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 70,28,003 shares |
| Share Holding Post Issue | 96,28,003 shares |
| BSE Script Code | 543709 |
| ISIN | INE0NT601018 |
PNGS Gargi Fashion Jewellery IPO comprises a total issue size of 26,00,000 shares. The net offer to the public is 24,64,000 shares, after excluding 1,36,000 shares allotted on a firm basis. Of the Net offer 12,32,000 (50.00%) allocated to NII 12,32,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,32,000 | 50.00% | 47.38% |
| Retail Shares Offered | 12,32,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,36,000 | 5.23% | |
| Total Shares Offered | 26,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 12.48 | 8.36 | 0.03 | 0.03 |
| Total Income | 11.89 | 5.94 | 0.01 | 0.00 |
| Profit After Tax | 2.13 | 1.11 | 0.00 | 0.00 |
| NET Worth | 10.73 | 1.10 | 0.02 | 0.01 |
| Total Borrowing | 5.31 | 0.00 | 0.00 | |
| 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 working capital requirement | 5.50 |
| 2 | General Corporate Purpose | 1.77 |
| KPI | |
|---|---|
| ROE | 98.7 |
| ROCE | 23.69 |
| Debt/Equity | 4.74 |
| RoNW | 100.94 |
| PAT Margin | 18.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1105.30 | |
| P/E (x) | 6.77 | |
| Promoter Holding | 100% | 73% |
| Market Cap | ₹28.88 Cr. |
The PNGS Gargi Fashion Jewellery IPO is subscribed 230.94 times on December 13, 2022 6:57:00 PM (Day 4). The public issue subscribed 248.68 times in the retail category, [.] times in the QIB category, and 213.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 213.21 | 12,32,000 | 26,26,76,000 |
| Retail | 248.68 | 12,32,000 | 30,63,72,000 |
| Total | 230.94 | 24,64,000 | 56,90,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.32 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the issue | 0.02 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.02 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.14 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹57.00 |
| Low | ₹57.00 |
| High | ₹59.85 |
| Last Trade | ₹59.85 |
Lead Manager Reports
PNGS Gargi Fashion Jewellery IPO is a SME IPO of 26,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Dec 8, 2022, and closes on Tue, Dec 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 Thu, Dec 8, 2022 and closes on Tue, Dec 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 Tue, Dec 20, 2022. Check the PNGS Gargi Fashion Jewellery IPO allotment status.
The PNGS Gargi Fashion Jewellery IPO listing date is on Tue, Dec 20, 2022.
