P N Gadgil Jewellers Limited
694,Narayan Peth, Pune - 411 030
Phone: +912024478474
Email: secretarial@pngadgil.com
Website: https://www.pngjewellers.com/
Last updated on 12-Sep-2024 18:59:23
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 4583333 | 660226623 | 144.05 |
| HNIs | 3437500 | 202940043 | 59.04 |
| HNIs 10+ | 2291666 | 142591227 | 62.22 |
| HNIs 2+ | 1145834 | 60348816 | 52.67 |
| Retail | 8020834 | 139986607 | 17.45 |
| Total | 16041667 | 1003153273 | 62.53 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 5280 | 65084 | 12.33 |
| HNIs (2-10L) | 2640 | 130704 | 49.51 |
| Retail | 258736 | 3791982 | 14.66 |
| Total Applications: 3987770 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 220 | 31690.88 | 144.05 |
| FIIs | - | 10684.56 | - |
| DIIs | - | 15897.44 | - |
| Mutual funds | - | 2087.36 | - |
| Others | - | 2512.8 | - |
| HNIs | 165 | 9741.12 | 59.04 |
| HNIs 10+ | 110 | 6844.38 | 62.22 |
| HNIs 2+ | 55 | 2896.74 | 52.67 |
| Retail | 385 | 6719.36 | 17.45 |
| Total | 770 | 48151.36 | 62.53 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹92.82 | @8% ₹106.08 | @9% ₹119.34 | @10% ₹132.6 | @11% ₹145.87 | @12% ₹159.13 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 31 | 14880 | 258736 |
| sHNI | 14 | 434 | 208320 | 2640 |
| bHNI | 68 | 2108 | 1011840 | 5280 |
P N Gadgil Jewellers IPO Details
| Total Issue Size | [22,916,667] shares (aggregating up to ₹1,100.00 Cr) |
| Fresh Issue | [17,708,334] shares (aggregating up to ₹850.00 Cr) |
| Offer for Sale | [5,208,333] shares of ₹10 (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 118,000,000 |
| Share holding post issue | 135,708,334 |
P N Gadgil Jewellers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Key Perforamnce Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 28.88% | 25.09% | 22.48% |
| ROCE | 27.31% | 23.29% | 19.89% |
| RONW | 28.88% | 25.09% | 22.48% |
| D/E | 0.74 | 0.78 | 1.05 |
| EPS (Diluted) | 13.08 | 7.94 | 5.89 |
| P/E Pre IPO | 36.7 | ||
| P/E Post IPO | 42.2 |
Financial Statement (Restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 1,464.98 | 1,062.55 | 1,110.24 |
| Revenue | 6,119.10 | 4,559.31 | 2,586.31 |
| Profit After Tax | 154.34 | 93.7 | 69.52 |
| Net Worth | 534.38 | 365.73 | 282.01 |
| Reserves and Surplus | 255.53 | 191.22 | |
| Total Borrowing | 396.5 | 283.21 | 294.93 |
| Amount in Crore | |||
About Company
P N Gadgil Jewellers Limited, established in 2013, offers a diverse range of jewelry products, including gold, silver, platinum, and diamond collections under its renowned brand "PNG." By December 31, 2023, the company had expanded to 33 stores, with 32 across 18 cities in Maharashtra and Goa, and one in the US, covering a total retail space of 95,885 sq. ft. Operating both company-owned and FOCO models, the stores include large, medium, and small formats. The company features 8 gold jewelry sub-brands, 2 diamond collections, and 2 platinum collections, and also offers customized jewelry services. As of September 30, 2023, P N Gadgil Jewellers employed 1,152 staff members.
Strength
Established Legacy: A well-trusted and recognized brand in Maharashtra with deep roots in the region.
Market Leadership: The second-largest organized retail jewelry player, showing rapid growth.
Diverse Portfolio: Offers a wide range of jewelry across categories and price points, catering to various customer needs.
Weakness
Brand Reputation: Any damage to the brand’s reputation could negatively affect financial performance and customer footfall.
Marketing Effectiveness: Failure to market products effectively or a decline in public perception could harm business operations and cash flows.
Inventory Management: Inaccurate market trend predictions and improper inventory levels may disrupt operations and profitability.