The P N Gadgil Jewellers IPO is generating significant interest among investors. With a strong presence in Maharashtra and Goa, the company is set to raise approximately ₹1,100 crores through this IPO. If you are considering investing in this IPO, this blog will provide you with all the details, including the P N Gadgil Jewellers IPO Grey Market Premium (GMP), subscription process, and expected returns.
Overview of P N Gadgil Jewellers
P N Gadgil Jewellers Limited is one of the largest organized players in the jewelry market in Maharashtra, India. The company offers a wide range of gold, silver, platinum, and diamond jewelry. With 33 outlets spread across 18 locations in Maharashtra, Goa, and one in the USA, P N Gadgil Jewellers is a well-established brand in the market. The company operates under a franchisee-owned and company-operated model, ensuring consistent quality and customer experience across all its stores.
IPO Details
The P N Gadgil Jewellers IPO will be a Book Built Issue, with a face value of ₹10 per equity share. The company aims to raise ₹1,100 crores, comprising a fresh issue of ₹850 crores and an offer for sale of up to ₹250 crores. The IPO is expected to be listed on both the BSE and NSE.
- IPO Open Date: 2024
- IPO Close Date: 2024
- IPO Listing Date: 2024
- IPO Price Band: ₹[.] to ₹[.] per share
- Market Lot: [.] shares
- Retail Quota: 35%
- QIB Quota: 50%
- HNI Quota: 15%
Financial Performance
P N Gadgil Jewellers has shown steady growth over the years. In 2023, the company reported a revenue of ₹4,559.31 crores, up from ₹2,586.31 crores in 2022. The profit for the same period also increased to ₹93.7 crores from ₹69.52 crores in 2022. This growth highlights the company’s strong market position and the potential for long-term investors.
- Revenue (2023): ₹4,559.31 crores
- Profit (2023): ₹93.7 crores
- Return on Equity (ROE): 10.28%
- Return on Capital Employed (ROCE): 10.71%
- Earnings Per Share (EPS): ₹16.97 (Basic)
Peer Comparison
To help investors make an informed decision, it’s essential to compare P N Gadgil Jewellers with its peers:
| Company Name | EPS | PE Ratio | RoNW (%) | NAV | Income (Cr.) |
|---|---|---|---|---|---|
| Kalyan Jewellers India Limited | 4.20 | 91.71 | 11.88 | 35.28 | 14,071.45 |
| Senco Gold Limited | 22.93 | 33.88 | 16.76 | 169.30 | 4,077.40 |
| Thangamayil Jewellery Limited | 58.13 | 20.79 | 20.51 | 283.38 | 3,152.55 |
Objects of the IPO
The funds raised from the P N Gadgil Jewellers IPO will be used for the following purposes:
- Expansion: Setting up 12 new stores in Maharashtra.
- Debt Repayment: Repayment or pre-payment of certain borrowings.
- General Corporate Purposes: Supporting the overall business growth and operations.
IPO Subscription Details
The P N Gadgil Jewellers IPO is expected to attract significant interest from all categories of investors. Here’s a breakdown of the subscription details:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NIIs): 15%
To know more about how to subscribe to the IPO, check out our detailed guide on the IPO Subscription Process.
P N Gadgil Jewellers IPO Grey Market Premium (GMP)
The P N Gadgil Jewellers IPO Grey Market Premium (GMP) is an important indicator of the IPO’s performance. The GMP reflects the premium at which the shares are being traded in the grey market before they are officially listed. Stay updated with the latest P N Gadgil Jewellers IPO GMP Today on our dedicated page.
How to Apply for the IPO
Investors can apply for the P N Gadgil Jewellers IPO through the ASBA process via their bank account or UPI through stock brokers. You can also apply offline by filling out the application form. For a step-by-step guide, visit our How to Invest in IPOs page.
Expected Returns and Listing Gains
Based on the company’s strong financials and market position, analysts predict a favorable listing for the P N Gadgil Jewellers IPO. Investors can expect good returns, particularly in the long term. However, it’s essential to consider the P N Gadgil Jewellers IPO Kostak Rates and P N Gadgil Jewellers IPO Subject to Sauda before making a final decision.
P N Gadgil Jewellers IPO Review
The IPO has received positive reviews from various financial experts. Given the company’s robust financial performance and growth potential, it is considered a good investment for long-term gains. To read a detailed analysis, visit our IPO Review page.
FAQs About P N Gadgil Jewellers IPO
1. What is the P N Gadgil Jewellers IPO?
The P N Gadgil Jewellers IPO is a main-board IPO aimed at raising ₹1,100 crores through a mix of fresh issue and offer for sale. The shares will be listed on BSE and NSE.
2. When will the P N Gadgil Jewellers IPO open for subscription?
The IPO is expected to open for subscription in 2024 for QIBs, NIIs, and retail investors.
3. What is the price band for the P N Gadgil Jewellers IPO?
The price band for the IPO is expected to be between ₹[.] to ₹[.] per share.
4. How can I apply for the P N Gadgil Jewellers IPO?
You can apply through the ASBA process via your bank account or UPI through stock brokers. Offline applications are also accepted.
5. What are the expected returns from the P N Gadgil Jewellers IPO?
The IPO is expected to deliver good returns, particularly in the long term, based on the company’s strong financials and growth potential.
6. What is the grey market premium for P N Gadgil Jewellers IPO?
The grey market premium (GMP) is an indicator of the IPO’s performance in the unofficial market. Stay updated with the latest P N Gadgil Jewellers IPO GMP on our site.
7. When is the listing date for P N Gadgil Jewellers IPO?
The IPO is expected to be listed on BSE and NSE in 2024.
Conclusion
The P N Gadgil Jewellers IPO presents a promising opportunity for investors looking for long-term gains. With its strong market position, steady financial growth, and expansion plans, the company is poised to deliver good returns. Make sure to stay updated with the latest P N Gadgil Jewellers IPO Grey Market Premium and IPO Expected Returns Analysis on our website.
For more information on upcoming IPOs, visit our Upcoming IPO page. If you’re interested in SME IPOs, check out our SME IPO Investment Tips.
By staying informed and understanding the market trends, you can make better investment decisions. Happy investing!
