P N Gadgil Jewellers Limited was established in 2013 and offers a wide range of precious metal/jewelry products including gold, silver, platinum, and diamond jewelry under its brand name “PNG” in various price ranges and designs.
As of December 31, 2023, the Company has 8 sub-brands offering gold jewelry collections for various occasions, namely Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Litestyle, Pratha and Yoddha, two sub-brands offering diamond jewelry collections, namely Eiina and PNG Solitaire, and two sub-brands offering platinum jewelry collections, namely Men of Platinum and Evergreen Love. The company also offers its customers the option of having jewelry made to measure.
As of December 31, 2023, the Company had grown to 33 stores, including 32 stores across 18 cities in Maharashtra and Goa and one store in the US with a total retail space of approximately 95,885 sq. ft. All stores are operated and managed by the company, with 23 stores owned by the company and 10 stores operated by franchisees under the FOCO (franchisee-owned and company-operated) model. Of these stores, 19 are large format (2,500 sq. ft. or more), 11 are medium format (between 1,000 sq. ft. to 2,500 sq.ft.) and 3 are small format (less than 1,000 sq. ft.).
P N Gadgil Jewellers Limited’s revenue increased by 34% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 1,464.98 | 1,062.55 | 1,110.24 | |||||||||||||||||||||||||||
| Revenue | 6,119.1 | 4,559.31 | 2,586.31 | |||||||||||||||||||||||||||
| Profit After Tax | 154.34 | 93.7 | 69.52 | |||||||||||||||||||||||||||
| Net Worth | 534.38 | 365.73 | 282.01 | |||||||||||||||||||||||||||
| Reserves and Surplus | 255.53 | 191.22 | ||||||||||||||||||||||||||||
| Total Borrowing | 396.5 | 283.21 | 294.93 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The market capitalization of P N Gadgil Jewellers IPO is Rs 6514 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 28.88% |
| ROCE | 27.31% |
| Debt/Equity | 0.74 |
| RoNW | 28.88% |
| P/BV | 10.6 |
| PAT Margin (%) | 2.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.08 | 11.37 |
| P/E (x) | 36.7 | 42.2 |
| IPO Date | September 10, 2024 to September 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹456 to ₹480 per share |
| Lot Size | 31 Shares |
| Total Issue Size | 22,916,667 shares (aggregating up to ₹1,100.00 Cr) |
| Fresh Issue | 17,708,334 shares (aggregating up to ₹850.00 Cr) |
| Offer for Sale | 5,208,333 shares of ₹10 (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 118,000,000 |
| Share holding post issue | 135,708,334 |
Saurabh Vidyadhar Gadgil, Radhika Saurabh Gadgil, and SVG Business Trust are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
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