PNG Jewellers IPO (P N Gadgil Jewellers Limited IPO)
PNG Jewellers IPO open for bidding on 10th September 2024 and ends on 12th September 2024.
P. N. Gadgil Jewellers Limited, incorporated in 2013, has a legacy dating back to 1832 when the Gadgil family first ventured into the jewellery business. Over time, the company has earned a reputation for trust, quality, and exquisite craftsmanship. Today, it operates 33 stores across Maharashtra, Goa, and one store in the United States, offering a diverse range of jewellery.
The company’s brands include PNG Jewellers, its flagship offering a variety of gold, silver, diamond, and platinum jewellery. Saptam focuses on bridal and festive collections, while Swarajya highlights traditional Maharashtrian jewellery with modern touches. PNG Solitaire and Men of Platinum cater to niche segments in diamond and platinum jewellery, respectively.
P. N. Gadgil Jewellers successfully merges its rich heritage with contemporary designs, appealing to a broad customer base.
For more details refer to PNG Jewellers IPO RHP and PNG Jewellers IPO Pulse Score
PNG Jewellers IPO Details
| IPO Date | 10th September 2024 to 12th September 2024 |
| Listing Date | 17th September 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹456 to ₹480 per share |
| Lot Size | 31 Shares |
| Total Issue Size | 2,37,60,963 shares (aggregating up to ₹1,100.00 Cr) |
| Fresh Issue | [●] shares (aggregating up to ₹850.00 Cr) |
| Offer for Sale | [●] shares of ₹10 (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 68,74,999(28.9%) |
| QIB | 48,24,560(20.3%) |
| NII | 36,18,421(15.2%) |
| bNII | 24,12,281(10.1%) |
| sNII | 12,06,140(5.1%) |
| Retail | 84,42,983(35.5%) |
| Total | 2,37,60,963(100%) |
PNG Jewellers IPO Timeline
| IPO Open | 10th September 2024 |
| IPO Close | 12th September 2024 |
| Basis Of Allotment | 13th September 2024 |
| Initiation of Refunds | 16th September 2024 |
| Credit of Shares to Demat | 16th September 2024 |
| Listing Date | 17th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹6514 Cr | P/E Ratio- Pre IPO | 36.7 |
| RoNW | 28.88% | P/E Ratio- Post IPO | 42.2 |
| RoCE | 27.31% | P/B Ratio | 10.6 |
| Debt to Equity | 0.74 | PAT Margin% | 2.53 |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
PNG Jewellers IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Funding expenditure towards setting-up of 12 new stores in Maharashtra (“New Stores”);
- Repayment or pre-payment, in full or part, of certain borrowings availed by the Company; and
- General corporate purposes.
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