PN Gadgil Jewellers IPO Details Today, GMP Price, Date, Review

PN Gadgil Jewellers IPO details Today : PN Gadgil Jewellers IPO details Today is Open on 10 Sep 2024 and Close on 12 Sep 2024. PN Gadgil Jewellers IPO to Raise 22,916,667 shares (Approx ₹1,100.00 Cr) via IPO. The Fresh issue of 17,708,334 shares (Approx ₹850.00 Cr) and The Offer For Sale is 5,208,333 shares of ₹10 (Approx ₹250.00 Cr).

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.

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.

We regularly interact with a team of designers deployed at theKarigars’facilitiesfor introducing new and innovative design for our jewelleries. Our design team also helps customize jewellery catering to individual requirements in terms of design, size, polish and weight. The manufacturing of all our jewellery is carried out by more than 75 experienced and skilled artisans in and outside Maharashtra (Karigars).

Our brand presence and stores in Maharashtra has helped us gaining access to, and maintaining a long-standing relationship with, the Karigars, who have been working with our Company for several years.To enhance brand awareness and strengthen the brand recall for our brands and sub-brands, we utilise a diverse array of promotional and marketing strategies, including location based marketing, event focused campaigns, engaging brand ambassadors and digital marketing.

PN Gadgil Jewellers IPO Date & Price Band Details

PN Gadgil Jewellers IPO Market Lot Details

Object of the Issue

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.

PN Gadgil Jewellers IPO Allotment & Listings (Details)

PN Gadgil Jewellers Financial Reports

Our Company Promoters

• Saurabh Vidyadhar Gadgil
• Radhika Saurabh Gadgil

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.

Comparison of Accounting Ratios with Listed Peer Group Companies

Also Read: Kross Limited IPO

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 Lead Manager

Motilal Oswal Tower, Rahimtullah, Sayani
Road, Opposite Parel ST Depot, Prabhadevi
Mumbai –400 025, Maharashtra, India.
Telephone: + 91 22 7193 4380
E-mail: png.ipo@motilaloswal.com
Investor Grievance E-mail:moiaplredressal@motilaloswal.com
Website: www.motilaloswalgroup.com
Contact person: Kunal Thakkar/ Sankita Ajinkya

Nuvama Wealth Management Limited
801 -804 Wing A Building No 3 Inspire BKC G Block
Bandra Kurla ComplexBandra East, Mumbai 400 051
Maharashtra, India.
Telephone: + 91 22 4009 4400
E-mail: png.ipo@nuvama.com
Website: www.nuvama.com
Investor grievance E-mail: customerservice.mb@nuvama.com
Contact person: Manish Tejwani

BOB Capital Markets Limited
1704, B Wing, 17thFloor Parinee Crescenzo, Plot No. C –38/39
G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051
Maharashtra, India.
Telephone: +91 22 6138 9353
E-mail: png.ipo@bobcaps.in
Investor Grievance E-mail: investorgrievance@bobcaps.in
Website: www.bobcaps.in
Contact person: Nivedika Chavan

PN Gadgil Jewellers IPO Registrar

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