P N Gadgil Jewellers Limited IPO: Lot size and details

Known for its rich heritage and strong market presence, P N Gadgil Jewellers is now offering investors a chance to own a part of this prestigious company. The P N Gadgil Jewellers Limited IPO opens today, September 10, 2024, and will close on September 12, 2024. This IPO is a book-built issue, aiming to raise a total of ₹1,100 crore. 

With a well-established reputation in the jewellery industry and a solid financial track record, this IPO is among the upcoming IPOs to invest in.

P N Gadgil Jewellers Limited IPO synopsis

It consists of a fresh issue worth ₹850 crore and an offer for sale of ₹250 crore. The IPO price band is set between ₹456 to ₹480 per share, and the minimum lot size for retail investors is 31 shares, amounting to an investment of ₹14,880 at the lower end of the price band.

P N Gadgil Jewellers Limited IPO details

The IPO details, including the price band, lot size, and key financial figures, are crucial for potential investors looking to make informed decisions.

P N Gadgil Jewellers Limited IPO dates

The key dates for P N Gadgil Jewellers Limited IPO are crucial for investors to stay informed and plan their investments accordingly.

About P N Gadgil Jewellers Limited

P N Gadgil Jewellers is a name synonymous with trust and luxury in the Indian jewellery market. Incorporated in 2013, offers a wide range of gold, silver, platinum, and diamond jewellery, catering to different price segments and customer needs. 

It operates through a combination of company-owned and franchise-operated stores, with a total of 39 outlets as of 2024, including one in California, USA. The funds raised from the IPO will be used to open new stores in Maharashtra, repay or pre-pay existing borrowings, and for general corporate purposes.

P N Gadgil Jewellers IPO lot size

The P N Gadgil Jewellers IPO lot size defines the minimum and maximum number of shares investors can bid for. They are as follows:

Financials of P N Gadgil Jewellers Limited

P N Gadgil Jewellers has demonstrated robust growth in recent years. The company’s revenue from operations grew at a CAGR of 54.63% from FY22 to FY24, increasing from ₹25,586 million in FY22 to ₹61,119 million in FY24. The strong financial performance reflects the company's ability to capture market share and expand its business rapidly.

P N Gadgil Jewellers Limited IPO strengths

The strengths of P N Gadgil Jewellers Limited IPO are as follows:

1. Strong brand legacy: With a history dating back to 1832, P N Gadgil Jewellers has built a strong brand reputation in the jewellery sector. Its deep-rooted trust among customers is a significant competitive advantage.
2. Diversified product portfolio: The company offers a wide range of products, including gold, diamond, platinum, and silver jewellery. This diversity helps it cater to various market segments.
3. Strong financial performance: The company's financials have shown consistent growth, with revenue and profits increasing significantly over the past few years.
4. Robust market position: P N Gadgil Jewellers is one of the leading players in Maharashtra's organised jewellery market, making it well-positioned to capture future growth opportunities.

P N Gadgil Jewellers Limited IPO challenges

The challenges of P N Gadgil Jewellers Limited IPO are as follows:

1. Highly competitive market: The jewellery industry in India is highly competitive, with numerous organised and unorganised players. P N Gadgil Jewellers faces intense competition from other established brands.
2. Dependence on gold prices: The company’s financial performance is closely tied to the volatility of gold prices. Any significant fluctuation in gold prices could impact the company’s profitability.
3. Geographical concentration: The company’s operations are primarily concentrated in Maharashtra. Although it plans to expand, this concentration could limit its growth potential if the region faces economic challenges.

Should you invest in the P N Gadgil Jewellers Limited IPO?

P N Gadgil Jewellers Limited IPO’s review is that investors looking to invest in IPOs should consider it due to its strong brand presence, robust financials, and expansion plans. The company's well-established reputation and the growing demand for organised jewellery in India make it a promising investment opportunity. However, investors should also weigh the risks associated with market competition and gold price volatility. 

Invest safely

The P N Gadgil Jewellers Limited IPO presents a unique opportunity for investors to become part of a historic and growing jewellery brand. The company's strong financial track record, ambitious expansion plans, and deep-rooted brand reputation make it one of the most promising upcoming IPOs to invest in. 

Frequently asked questions

1. What are the important dates for the P N Gadgil Jewellers Limited IPO?

The P N Gadgil Jewellers Limited IPO opened for subscription on September 10, 2024, and will remain open until Thursday, September 12, 2024. The basis of the allotment will be finalised on Friday, September 13, 2024. 

2. What is the price band of the P N Gadgil Jewellers Limited IPO?

The price band for the P N Gadgil Jewellers Limited IPO has been set between ₹456 and ₹480 per share. Investors can bid within this range, but the final issue price will be determined through a book-building process. 

3. What is the minimum lot size for retail investors in the P N Gadgil Jewellers Limited IPO?

For retail investors, the minimum lot size is 31 shares, which amounts to an investment of approximately ₹14,880 at the lower end of the price band (₹456 per share) or ₹14,880 at the upper end (₹480 per share). Investors can apply in multiples of this lot size, which means the minimum number of shares you can bid for is 31.