P N Gadgil Jewellers Limited

P N Gadgil Jewellers Limited

P N Gadgil Jewellers Limited
listed
₹14,136Min. investment
  1. Bid start
    10 Sep
  2. Bid end
    12 Sep
  3. Allotment
    12 Sep
  4. Release of funds
    16 Sep
  5. Demat transfer
    13 Sep
  6. Listing
    17 Sep

About P N Gadgil Jewellers Limited

Price range₹456 – ₹480
IPO type
Regular
Lot size31 shares
Issue size₹1,100Cr

About  P N Gadgil Jewellers Limited

Incorporated in 2013, P N Gadgil Jewellers Limited is the second largest prominent organised jewellery player in Maharashtra in terms of the number of stores as of January 2024. It is also the fastest growing jewellery brand amongst the key organised jewellery players in India between FY22 and FY24.
It has eight sub-brands that cater to gold jewellery, two sub brands which cater to diamond jewellery and two sub brands which cater to platinum jewellery as of 31 July 2024.
It operates 39 stores across 21 cities in Maharashtra and Goa and one in the USA. 28 of these stores are owned by the company and 11 are franchise stores as of 31 July 2024. It operates on a franchisee owned and company operated (FOCO) model. It also plans on opening 12 new stores in Maharashtra by FY26.
The manufacturing of all its jewellery is carried out by 75+ experienced and skilled artisans in and outside Maharashtra.
It uses different marketing techniques such as location-based marketing, event-focused campaigns, engaging brand ambassadors and digital marketing.
Between FY22 and FY24, it saw a CAGR rise of 33% in its revenue from operations and 30% in its profit. Moreover, the Indian jewellery market is expected to reach ~USD 145 billion by FY28 which could benefit the company.
And now, P N Gadgil Jewellers Limited is coming out with its initial public offer (IPO). The total IPO issue size is ₹1,100 crore, comprising fresh issue, aggregating to ₹850 crore, as well as an offer for sale, aggregating to ₹250 crore. The money raised from the fresh issue will be utilised to repay borrowings, set up 12 new stores and for general corporate purposes. Its shares will be listed on the NSE and BSE.
Here are key details about the P N Gadgil Jewellers IPO:
Company NameP N Gadgil Jewellers Limited Company TypePrivate
Company Established On2013

Financial snapshot

ParticularsFY22FY23FY24
Revenue₹ 2,555 crore₹ 4,507 crore₹ 6,110 crore
Net Profit₹ 69.5 crore₹ 93.7 crore₹ 154  crore

Here’s a quick look at P N Gadgil Jewellers Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. A well established and trusted legacy brand in Maharashtra as it has been selling only hallmarked gold jewellery since 2007. 
  2. Well positioned as the second largest organised jewellery player in Maharashtra, which is the largest market for BIS-registered outlets in India.
  3. Has the second highest EBITDA growth among the key organised jewellery players in India at 39% between FY22 and FY24.
  4. Diversified product portfolio with 10,000+ SKUs in gold, 1,200+ SKUs in silver, 2,700+ SKUs in platinum and 24,000+ SKUs in diamond jewellery designs as of FY24.
  5. Strong historical financial results as its revenue per square feet in FY24 was the highest among the key organised jewellery players in India.

Risks and threats

  1. Business is primarily concentrated in Maharashtra, especially Pune as it comprised 64% of its revenue from operations in FY24.
  2. Requires significant amount of working capital and has total outstanding borrowings of ₹348 crore as of 31 July 2024.
  3. Operates in a fragmented and largely unorganised industry, primarily on a brick and mortar business model and might face challenges competing in the future. 
  4. Dependent on third-party artisans for the production and manufacturing of all its products who do not exclusively work for them.
  5. Sales are subject to seasonal fluctuations, which has a disproportionate effect on the results of operations. 
  6. Volatility in the market price of gold, silver and diamonds can affect its profitability.

P N Gadgil Jewellers Limited IPO details

**** P N Gadgil Jewellers Limited IPO date

According to the offer document filed by the company with the SEBI, the P N Gadgil Jewellers IPO’s opening date – in other words, the P N Gadgil Jewellers IPO launch date – will be 10th September 2024. The P N Gadgil Jewellers IPO closing date is 12th September 2024. After this, investors will be updated about the allotment status on 13th September 2024.
Investors who have been allotted shares can expect them to be credited to their demat account on 17th September 2024. The P N Gadgil Jewellers IPO listing date is 18th September 2024. The listing date is the date on which a company's shares are listed on the bourses—NSE and BSE.

**** P N Gadgil Jewellers Limited IPO Price Band

The IPO is a fresh issue and an offer for sale. The P N Gadgil Jewellers IPO price band has been set between ₹456 and ₹480 per share. Interested investors can choose a price within this band to apply for the IPO.
The P N Gadgil Jewellers IPO listing price will be determined on 18th September 2024. The listing price is the price at which a company’s shares debut on the stock exchanges.
**** P N Gadgil Jewellers Limited IPO Lot size
The P N Gadgil Jewellers IPO details have been declared. The P N Gadgil Jewellers IPO lot size is set at 31 shares, and an investor can apply for a minimum of 1 lot. Meanwhile, the P N Gadgil Jewellers IPO issue size is approx ₹1,100 crore.

How to pre-apply for the P N Gadgil Jewellers Limited IPO?

You can pre-apply for the P N Gadgil Jewellers Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘P N Gadgil Jewellers Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

How to apply for the P N Gadgil Jewellers Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the P N Gadgil Jewellers Limited IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the P N Gadgil Jewellers Limited IPO on Upstox:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘P N Gadgil Jewellers Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

How to check the P N Gadgil Jewellers Limited IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the P N Gadgil Jewellers Limited IPO allotment status:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your P N Gadgil Jewellers Limited IPO allotment status will be mentioned
Check Allotment Status

Open a demat account with Upstox to apply for the P N Gadgil Jewellers Limited IPO

To apply for the P N Gadgil Jewellers Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number.
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Open Demat Account

Upstox – trading app to apply for the P N Gadgil Jewellers Limited IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the P N Gadgil Jewellers Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of P N Gadgil Jewellers Limited ?

The issue size of the P N Gadgil Jewellers Limited is 1100 Cr.

What is 'pre-apply' for P N Gadgil Jewellers Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will P N Gadgil Jewellers Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.