Jewellery Company Sets ₹456-₹480 Price for ₹1,100 Cr IPO; Opening Soon!

PN Gadgil Jewellers IPO: The initial public offering (IPO) of retail jewelry company- P N Gadgil Jewellers will open on September 10 and close on September 12. 

In preparation for this IPO, the company has decided to set an amount of 456 to 480 rupees for each share. Concerning the gray market price, it’s 180 rupees. In this sense, the stock can be listed at Rs 660. 

This shows a premium of 37.50%. The estimated listing of the IPO will be on 17 September 2024. Let us inform the world that this IPO is worth 1100 crore.

Details Of IPO

The IPO for the Maharashtra-based firm consists of an issue of equity shares of up to 850 crore rupees, as well as the offering for sale (OFS) of equity shares of around 250 crore rupees offered by the promoter SVG Business Trust.

Currently, SVG Business Trust holds a 99.9 percent stake in P N Gadgil Jewellers. The company said that it will use the funds raised from this for expansion plans and debt repayment. 

Brokerage firms have estimated that their clients’ market capitalization to be higher than 6,500 crore rupees following the announcement.

Information About The Business

Let us inform you that this business was founded in the year 2013. P N Gadgil Jewellers offers a chain of precious metal or jewelry products. 

It’s a collection of silver, gold platinum, diamonds, and jewelry in various pricing categories and designs under the brand name, ‘PNG’.

The company, based in Pune, provides its clients with the possibility of creating jewelry that is custom-made to fit.

The Company Has 33 Stores

The company operates 33 stores, with 32 stores spread across 18 cities in Maharashtra Maharashtra, and Goa along with one location located in the US. Each store is run and controlled by the company.

23 stores are owned by the company as well as 10 franchisee-owned stores using the FOCO (franchisee-owned and operated by the company) model.

Quick Fact

Company name: P N Gadgil Jewellers

Company nameP N Gadgil Jewellers
IPO DateSeptember 10 – September 12, 2024
Price Per Share₹456 to ₹480
Gray Market Price₹180
Possible Listing Price₹660
Possible Listing Premium37.50%
IPO Listing DateSeptember 17, 2024
IPO Size₹1100 crore
Equity Issue₹850 crore
Offer For Sale₹250 crore
PromoterSVG Business Trust
Promoter Stake99.9%
Planned Fund UseExpansion, Debt Repayment
Expected Market CapMore than ₹6,500 crore
Founded Year2013
Main ProductsSilver, Gold, Platinum, Diamonds, Jewelry
Custom-Made OptionYes
Number of Stores33
Store Locations32 in Maharashtra & Goa, 1 in the US
Store Ownership Model23 Company-owned, 10 Franchisee-owned

Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.

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