P N Gadgil Jewellers Limited IPO Overview
Company Background:
Established in 2013, P N Gadgil Jewellers Limited is a leading retailer of precious metal and jewellery products under the brand "PNG." The company offers a diverse range of jewellery in gold, silver, platinum, and diamonds, with multiple price points and designs. Their portfolio includes eight sub-brands for gold jewellery, two sub-brands for diamond jewellery, and two sub-brands for platinum jewellery.
Retail Footprint:
As of December 31, 2023, P N Gadgil Jewellers operated 33 stores across 18 cities in Maharashtra and Goa, along with one international store in the United States. These outlets cover a total retail space of approximately 95,885 sq. ft., comprising 23 company-owned stores and 10 franchisee-operated stores under the FOCO (Franchise Owned, Company Operated) model. Store Formats:
The company’s retail outlets are categorized into three formats:
Large-format stores: 19 locations
Medium-format stores: 11 locations
Small-format stores: 3 locations
Each store format is designed to cater to varied customer preferences and shopping experiences.
Objectives of the Issue:
Capital expenditure for opening new stores
Repayment of borrowings
General corporate purposes
P N Gadgil Jewellers IPO: Key Details
IPO Dates: 10 to 12 September, 2024
Price Band : ₹456 to ₹480 per share
Lot Size: 31 shares
Total Issue size: ₹1100 Crores
Retail Quota: 35%
GMP: 65% (For Informational purposes only)
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