P N Gadgil Jewellers Limited IPO: Analysis, GMP & Subscription Status
Introduction
P N Gadgil Jewellers Limited, a household name in the Indian jewelry retail market, is set to launch its Initial Public Offering (IPO) on Tuesday, September 10, 2024. This family-owned business has been a trusted brand for over 190 years, offering a wide range of gold, silver, platinum, and diamond jewelry. With a focus on maintaining quality and craftsmanship, P N Gadgil Jewellers has successfully expanded its footprint across India and is looking to leverage the funds raised from the IPO to support its growth plans.
Key IPO Details
- IPO Date: September 10, 2024, to September 12, 2024
- Price Band: ₹456 to ₹480 per share
- Face Value: ₹10 per share
- Lot Size: 31 Shares
- Total Issue Size: 22,916,667 shares, aggregating up to ₹1,100.00 Crores
- Fresh Issue: 17,708,334 shares, aggregating up to ₹850.00 Crores
- Offer for Sale: 5,208,333 shares, aggregating up to ₹250.00 Crores
- Listing At: BSE, NSE
- Shareholding Pre-Issue: 118,000,000 shares
- Shareholding Post-Issue: 135,708,334 shares
Important Dates for P N Gadgil Jewellers Limited IPO
- IPO Open Date: Tuesday, September 10, 2024
- IPO Close Date: Thursday, September 12, 2024
- Basis of Allotment: Friday, September 13, 2024
- Initiation of Refunds: Monday, September 16, 2024
- Credit of Shares to Demat: Monday, September 16, 2024
- Listing Date: Tuesday, September 17, 2024
- Cut-off Time for UPI Mandate Confirmation: 5 PM on September 12, 2024
Financial Performance of P N Gadgil Jewellers Limited
Here is a detailed look at P N Gadgil Jewellers’ financial performance over the last three fiscal years:
| Particulars |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
| Assets |
₹1,464.98 Cr |
₹1,062.55 Cr |
₹1,110.24 Cr |
| Revenue |
₹6,119.1 Cr |
₹4,559.31 Cr |
₹2,586.31 Cr |
| Profit After Tax |
₹154.34 Cr |
₹93.7 Cr |
₹69.52 Cr |
| Net Worth |
₹534.38 Cr |
₹365.73 Cr |
₹282.01 Cr |
| Reserves and Surplus |
₹255.53 Cr |
₹191.22 Cr |
₹191.22 Cr |
| Total Borrowing |
₹396.5 Cr |
₹283.21 Cr |
₹294.93 Cr |
The company has shown consistent growth across key financial indicators, reflecting its robust market presence and efficient operations in the jewelry retail space.
Objectives of the IPO
The funds raised from the IPO will be utilized for:
- Expanding retail stores across India.
- Investment in marketing and promotional activities.
- General corporate purposes.
Grey Market Premium (GMP) and Subscription Stats
IPO Grey Market Premium (GMP)
| Date |
GMP (₹ per share) |
| September 10, 2024 |
₹245 |
| September 11, 2024 |
₹258 |
| September 12, 2024 |
₹308 |
The Grey Market Premium (GMP) will be updated as data becomes available, reflecting investor sentiment in the unofficial market.
Subscription Stats
| Date |
QIB Subscription |
NII Subscription |
Retail Subscription |
Total Subscription |
| Day 1 (Sept 10) |
0.01 |
3.29 |
2.71 |
2.06 |
| Day 2 (Sept 11) |
0.10 |
16.09 |
7.28 |
7.11 |
| Day 3 (Sept 12) |
136.85 |
56.08 |
16.57 |
59.40 |
Risks to Consider
As with any investment, there are risks involved in the P N Gadgil Jewellers IPO. Factors such as fluctuating gold prices, competition in the jewelry market, and changes in consumer demand could impact the company’s future performance. Investors are advised to thoroughly read the Draft Red Herring Prospectus (DRHP) before making any investment decisions.
How to Apply for the IPO
Investors can apply for the P N Gadgil Jewellers IPO through the ASBA (Application Supported by Blocked Amount) method via their bank accounts or through UPI (Unified Payments Interface). The minimum lot size is 31 shares, and applications can be made in multiples of the lot size.
Conclusion
The P N Gadgil Jewellers Limited IPO presents a significant opportunity for investors looking to invest in a trusted jewelry brand with a rich heritage. With strong financials and clear growth objectives, this IPO is poised to generate interest from both retail and institutional investors.
Headlines
- P N Gadgil Jewellers Limited IPO 2024: Key Dates, Financials, and How to Apply
- Investing in P N Gadgil Jewellers IPO: Grey Market Premium (GMP) and Subscription Stats
- Complete Guide to P N Gadgil Jewellers Limited IPO: Financial Performance and Key Details
- How to Apply for P N Gadgil Jewellers Limited IPO: Lot Size, Price Band, and Dates
- P N Gadgil Jewellers Limited IPO: Detailed Financial Overview and Growth Prospects
- P N Gadgil Jewellers Limited IPO 2024: What Investors Need to Know
- 2024 IPOs: Should You Invest in P N Gadgil Jewellers Limited IPO?
- P N Gadgil Jewellers Limited IPO: A Trusted Jewelry Brand’s Expansion Plan