Introduction to P N Gadgil Jewellers IPO
P N Gadgil Jewellers, a renowned name in India’s jewellery industry, is set to launch its Initial Public Offering (IPO) soon. Investors are keenly awaiting this opportunity to invest in one of the country’s established jewellery brands. This IPO offers a chance to participate in the growth story of a brand known for its rich heritage and strong market presence.
IPO Details
- Company Name: P N Gadgil Jewellers Limited
- IPO Type: Book Building
- Issue Size: 5,208,333 shares of ₹10 (aggregating up to ₹250.00 Cr)
- Face Value: ₹10 per share
- Price Band: ₹456 to ₹480 per share
- Market Lot: 31 Shares
- Listing At: NSE, BSE
- Promoters: Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, and SVG Business Trust are the promoters of the company.
Important Dates
- IPO Open Date: Tuesday, September 10, 2024
- IPO Close Date: Thursday, September 12, 2024
- Allotment Date: Friday, September 13, 2024
- Listing Date: Tuesday, September 17, 2024
- Refund Initiation Date: Monday, September 16, 2024
- Demat Account Transfer Date: Monday, September 16, 2024
P N Gadgil Jewellers Company Overview
Founded in 2013, P N Gadgil Jewellers has been a trusted name in the jewellery sector, known for its quality craftsmanship, innovative designs, and strong customer base. With a wide network of retail stores across India, the company offers a diverse range of gold, diamond, and silver jewellery catering to traditional and modern preferences.
Purpose of the IPO
The funds raised from the IPO will be utilized for:
- Expansion of retail outlets
- Working capital requirements
- Repayment of debt
- General corporate purposes
Financial Performance
P N Gadgil Jewellers has reported steady revenue growth over the past few years, with strong profitability and a promising outlook. The IPO will enable further expansion and solidify its market presence. Key financial figures include:
- Total Revenue (FY 2023): INR 4,559.31 crores
- Net Profit (FY 2023): INR 93.7 crores
- PAT Margin (%): 2.53
Investment Opportunities
Investors are advised to carefully consider the strengths of P N Gadgil Jewellers, such as its strong brand recognition, diverse product offerings, and loyal customer base. The IPO provides a chance to invest in a stable and growing segment within India’s jewellery industry.
Allotment and Listing Information
Once the IPO is closed, investors can check their allotment status through official registrars or stock exchanges. Ensure your Demat account details are updated to receive your shares seamlessly.
How to Apply for the IPO
Investors can apply for the P N Gadgil Jewellers IPO through online platforms such as ASBA (Application Supported by Blocked Amount) or through brokers offering IPO services.
Conclusion
The P N Gadgil Jewellers IPO presents a promising opportunity for investors looking to diversify their portfolio with a strong, established brand in the jewellery industry. Make sure to review the company’s financials, growth plans, and market trends before making your investment decision.
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