P N Gadgil Jewellers IPO Details, Financials, Valuation & Peers
Get everything you need to know about the P N Gadgil Jewellers IPO. Explore P N Gadgil Jewellers IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
P N Gadgil Jewellers Limited (PNG) is the second-largest organized jewellery retailer in Maharashtra, with a significant presence across the state and beyond. Founded in 1832, PNG has a rich heritage and a century-long legacy. The brand has grown rapidly, establishing itself as one of the fastest-growing jewellery companies in India, with a revenue CAGR of 54.63% between Fiscal 2022 and Fiscal 2024. It operates 39 retail stores, including one in the United States, spread over 21 cities, with a focus on maintaining high standards of quality and customer service. PNG offers a diverse range of jewellery collections, including gold, diamond, platinum, and silver pieces.
Key Points:
- Market Position: PNG is the second-largest organized jewellery retailer in Maharashtra and one of the fastest-growing jewellery brands in India, with a revenue CAGR of 54.63% between Fiscal 2022 and Fiscal 2024.
- Store Network: PNG operates 39 stores, including 38 in Maharashtra and Goa, and one in the U.S. Stores are managed through a mix of owned and franchisee-owned (FOCO) models, ensuring consistent customer service across locations.
- Diverse Product Range: PNG offers a wide range of jewellery collections, including gold, diamond, platinum, and silver pieces. Sub-brands like Swarajya, Saptam, and Eiina cater to specific occasions and customer needs, ranging from weddings to daily wear.
- Digital Presence: The company complements its retail stores with a strong digital presence, including a mobile app and online marketplaces, to enhance customer engagement and accessibility.
- Expansion Plans: PNG aims to open 12 new stores by Fiscal 2026 to further its growth and brand presence in the jewellery market.
Objects of the Issue
- Funding expenditure towards setting-up of 12 new stores in Maharashtra
- Repayment or pre-payment, in full or part, of certain borrowings availed by the Company
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 10 Sep - 12 Sep 2024 |
| IPO Price Band | ₹456 - ₹480 per share |
| Fresh Issue | ₹850 crore |
| Offer For Sale | ₹250 crore |
| Total IPO Size | ₹1100 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 10 Sep 2024 |
| IPO Closing Date | 12 Sep 2024 |
| Basis Of Allotment | 13 Sep 2024 |
| Refunds | 16 Sep 2024 |
| Demat Transfer | 16 Sep 2024 |
| IPO Listing Date | 17 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 1,944.44 | 2,586.31 | 4,559.31 | 6,119.10 |
| Total Expenses | 1,937.79 | 2,501.28 | 4,441.23 | 5,910.74 |
| Net Profit/Loss | -6.71 | 69.52 | 93.70 | 154.34 |
| NPM (*) | -0.35 | 2.72 | 2.08 | 2.53 |
| Total Assets | 1,014.15 | 1,110.24 | 1,062.55 | 1,464.98 |
| Total Liabilities | 800.17 | 828.23 | 696.82 | 930.60 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | -1.17 | 5.89 | 7.94 | 13.08 |
| ROE (%) | -2.65 | 22.48 | 25.09 | 28.88 |
| ROCE (%) | 8.08 | 19.89 | 23.29 | 27.31 |
| D/E Ratio | 1.40 | 1.05 | 0.78 | 0.74 |
| Current Ratio | 1.06 | 1.22 | 1.50 | 1.55 |
| EBITDA MARGIN (%) | 3.69 | 5.56 | 3.87 | 4.54 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| P N Gadgil Jewellers Limited | 6,110.95 | 36.70 | 13.08 | 28.88 | 45.29 |
| Kalyan Jewellers India Limited | 18,548.29 | 101.53 | 5.80 | 14.23 | 40.67 |
| Senco Gold Limited | 5,241.44 | 45.50 | 23.98 | 13.26 | 175.74 |
| Thangamayil Jewellery Limited | 3,826.78 | 42.89 | 44.91 | 24.99 | 179.74 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 136.85 |
| Non-Institutional Investor (NII/HNI) | 56.08 |
| Retail Individual Investor (RII) | 16.58 |
| Total | 59.41 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- SAURABH VIDYADHAR GADGIL
- RADHIKA SAURABH GADGIL
- SVG BUSINESS TRUST
Lead Managers
- Motilal Oswal Investment Advisors Limited
- Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited)
- BOB Capital Markets Limited
Company Address
P N Gadgil Jewellers Limited
694, Narayan Peth, Pune, Maharashtra, India – 411 030
Phone: +91 20 2447 8474
Email: secretarial@pngadgil.com
Website: www.pngjewellers.com
FAQs
- What is the issue size of the P N Gadgil Jewellers IPO?The P N Gadgil Jewellers IPO has an issue size of ₹1100 crore. This includes a fresh issue of ₹850 crore and an offer for sale (OFS) of ₹250 crore.
- What is the price band of the P N Gadgil Jewellers IPO?The price band for the P N Gadgil Jewellers IPO is ₹456 - ₹480 per share.
- What are the bidding dates for the P N Gadgil Jewellers IPO?The P N Gadgil Jewellers IPO will open for bidding on 10 Sep 2024 and close on 12 Sep 2024.
- What is the allotment date for the P N Gadgil Jewellers IPO?The allotment date for the P N Gadgil Jewellers IPO is 13 Sep 2024.
- What is the listing date for the P N Gadgil Jewellers IPO?The listing date for the P N Gadgil Jewellers IPO is 17 Sep 2024.
- What is the P N Gadgil Jewellers IPO grey market premium?The grey market premium (GMP) for the P N Gadgil Jewellers IPO is currently at ₹303.5, with an expected listing gain of approximately 63.23%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.