PN Gadgil Jewellers IPO Details Today, GMP Price, Date, Review – Money Mint idea

PNGADGIL JEWELLERS IPO Details Today, GMP Price, Date, Review - Money Mint idea

OUR BUSINESS

We are the second largest among the prominent organised jewellery players in Maharashtra, in terms of the number of stores as on January, 2024, which is the largest market for BIS-registered outlets in India. The ‘PNG’ brand derives its legacy from the ‘P N Gadgil’ brand, which has a rich heritage dating back to 1832 and a legacy of over a century.

 

Leveraging the legacy and heritage of the ‘PNG’ brand, we have created a strong brand recall and presence in Maharashtra offering a wide range of precious metal / jewellery products including gold, silver, platinum and diamond jewellery, across various price points and designs which cover the need of our customers and168 include collections that are specifically designed for special occasions, such as weddings, engagements, anniversaries and festivals, as well as everyday wear jewellery.

 

Our products are primarily sold under our flagship brand, ‘PNG’, and various sub – brands, through multiple channels, including our 33 retail stores (as on December 31, 2023) and various online marketplaces, including our website. we had expanded to 33 stores, which includes 32 stores across 18 cities in Maharashtra and Goa and one store in the U.S. with an aggregate retail area of approximately 95,885 sq. ft.

 

All our stores are operated and managed by us with 23 being owned stores and 10 franchisee stores, on a franchisee owned and company operated (“FOCO”) model. We believe that the Company operated model allows us to exercise control over the quality of our products and ensure that our customers receive consistent experience and service across all our stores.

 

Of these stores, 19 stores are large format stores (with an area of 2,500 sq. ft. or more), 11 stores are medium format stores (with an area between 1,000 sq. ft. to 2,500 sq.
ft.) and 3 stores are small format stores (with an area of less than 1,000 sq. ft.). We plan to further expand our stores network by opening 12 new stores in Maharashtra by Fiscal 2026,

 

OBJECTS OF OFFER

  1.  Funding expenditure towards setting-up of 12 new stores in Maharashtra (“New Stores”);
  2.  Repayment or pre-payment, in full or part, of certain borrowings availed by our Company; and
  3.  General corporate purposes.

 

Qualitative Factors

  • Well established and trusted legacy brand in Maharashtra.
  • Second largest organised retail jewellery player and one of the fastest growing brand in Maharashtra.
  • Diversified product portfolio across categories and price points.
  • Experienced Promoter and management team with proven execution capabilities.
  • Strong historical financial results.

OUR COMPANY PROMOTER

  • Saurabh Vidyadhar Gadgil
  • Radhika Saurabh Gadgil

 

PN GADGIL JEWELLERS COMPANY CONTACT DETAILS

694, Narayan Peth
Pune –411030
Maharashtra, India
Contact Person: Hiranyamai Kulkarni
Telephone: +912024478474
Email: secretarial@pngadgil.com
Website: www.pngjewellers.com

 

PN GADGIL JEWELLERS IPO REGISTAR

Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri East, Mumbai –400093,
Telephone: 022 62638200
E-mail: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact person: Vinayak Morbale

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