PN Gadgil Jewellers Ltd. IPO

PN Gadgil Jewellers Limited is a leading jewellery brand in India with a strong presence in Maharashtra. The company offers a wide range of gold, silver, platinum, and diamond jewellery, catering to various customer needs and preferences. With a rich heritage dating back to 1832, PNG has built a strong brand recall and customer loyalty. The company operates through a network of retail stores and online platforms, providing both in-store and digital shopping experiences. PNG's focus on quality, customer service, and innovative designs has contributed to its growth and success in the Indian jewellery market.

PN Gadgil Jewellers Ltd. IPO Details

Check out the issue details for PN Gadgil Jewellers Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 480

Price Band

₹ 456 - 480

Issue Size

1100 Cr.

Issue Type

Book Built

Open

2024-09-10

Close

2024-09-12

Listingprice

₹ 830

ListingGain

72.92%

Listing Date

2024-09-17

CMP

₹ 628.15

Current Return

30.86%

PN Gadgil Jewellers Ltd. News

PN Gadgil Jewellers - Quaterly Results13 Nov 2025, 12:00AM P N Gadgil Jewellers informs about press release30 Sep 2025, 10:47AM P N Gadgil Jewellers inaugurates new store in Kanpur 29 Sep 2025, 9:39AM P N Gadgil Jewellers unveils LiteStyle shop-in-shop in Nashik26 Sep 2025, 4:30PM P N Gadgil Jewellers launches new shop-in-shop counter in Solapur store 25 Sep 2025, 12:50PM P N Gadgil Jewellers informs about store opening24 Sep 2025, 4:50PM P N Gadgil Jewellers informs about press release24 Sep 2025, 4:33PM P N Gadgil Jewellers forays into Kolhapur market24 Sep 2025, 12:50PM P N Gadgil Jewellers opens new store in Pune23 Sep 2025, 9:59AM P N Gadgil Jewellers informs about press release22 Sep 2025, 9:38AM P N Gadgil Jewellers opens new store in Madhya Pradesh25 Aug 2025, 10:11AM PN Gadgil Jewellers - Quaterly Results12 Aug 2025, 1:45PM PN Gadgil Jewellers - Quaterly Results12 Aug 2025, 1:45PM PN Gadgil Jewellers - Quaterly Results12 Aug 2025, 1:45PM P N Gadgil Jewellers gets nod to raise funds up to Rs 1000 crore3 Jul 2025, 4:30PM P N Gadgil Jewellers opens two new stores in Pune23 Jun 2025, 11:59AM PN Gadgil Jewellers launches sub-brand ‘Litestyle by PNG’17 Jun 2025, 2:42PM P N Gadgil Jewellers informs about press release17 Jun 2025, 2:40PM PN Gadgil Jewellers - Quaterly Results15 May 2025, 6:46PM PN Gadgil Jewellers - Quaterly Results15 May 2025, 6:46PM

Company Financials

You can get the following financial statements of PN Gadgil Jewellers Ltd. as of now.

Exchange

NSE: PNGJL BSE: 544256

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the P N Gadgil Jewellers IPO (PNG Jewellers IPO) are as:

  • The issue size of the IPO is 1100 Cr.
  • The price band for P N Gadgil Jewellers IPO (PNG Jewellers IPO) is Rs 456 to Rs 480.
  • The shares of P N Gadgil Jewellers IPO (PNG Jewellers IPO) will list on 17th September 2024.
  • The latest tentative GMP of P N Gadgil Jewellers IPO (PNG Jewellers IPO) is Rs 330.
  • The shares of P N Gadgil Jewellers IPO (PNG Jewellers IPO) are subscribed 59.41 Times as of 12th September 2024.

 

P N Gadgil Jewellers IPO (PNG Jewellers IPO) Valuation

The approx valuation of P N Gadgil Jewellers IPO (PNG Jewellers IPO) based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 480
Existing Shares (Qty) 11.80 Cr
Fresh Issue 850 Cr
Market Cap 6514 Cr
EPS (FY24) Rs 21.59
PE Ratio 22.23x
Industry PE 63.31x

 

P N Gadgil Jewellers IPO (PNG Jewellers IPO) Issue Size

P N Gadgil Jewellers IPO (PNG Jewellers IPO) issue size is 1100 Cr. 

Issue Amount
Fresh Issue 850 Cr
Offer For Sale 250 Cr

 

P N Gadgil Jewellers IPO (PNG Jewellers IPO) Market Lot

An Individual can apply for a minimum 1 lot of 31 shares and a maximum of 13 lots of 403 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 31 Rs 14,880
 Maximum 13 403 Rs 1,93,440

 

P N Gadgil Jewellers IPO (PNG Jewellers IPO) share offer

The shares of P N Gadgil Jewellers IPO (PNG Jewellers IPO) are subscribed 59.41 Times as of 12th September 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 136.85 Times
Non-Institutional Minimum 15% 56.08 Times
Retail Individual Minimum 35% 16.58 Times
Total   59.41 Times

Find below the dates for P N Gadgil Jewellers IPO (PNG Jewellers IPO):

Schedule Date
Basis of Allotment 13 September 2024
Refunds 16 September 2024
Credit to Demat Account 16 September 2024
IPO Listing Date 17 September 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 1801.51 2464.59 4398.11 6032 7630.55
Total Expenditure 1745.86 2367.24 4272.58 5763.67 7296.5
Operating Profit 55.65 97.35 125.53 268.33 334.05
Other Income 22.71 9.45 5.63 5.7 29.84
Interest 33.86 31.53 32.88 44.4 41.59
Depreciation 23.68 19.36 18.89 21.2 32.78
Exceptional Items 0 0 0 0 0
Profit Before Tax 20.82 55.92 79.39 208.43 289.53
Provision for Tax 13.32 15.88 24.1 54.24 74.65
Net Profit 7.49 40.04 55.29 154.19 214.88
Adjusted EPS (Rs.) 0.14 0.73 1 1.31 1.58

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 118 118 118 118 135.71
Total Reserves 186.93 227.02 282.31 433.89 1432.88
Borrowings 37.51 69.33 95.61 84.16 0.02
Other N/C liabilities 49.44 61.16 36.32 51.88 95.12
Current liabilities 655.33 666.29 567.83 819.12 1588.03
Total Liabilities 1047.21 1141.8 1100.07 1507.04 3251.76
Assets
Net Block 183.56 177.87 173.41 199.42 280.06
Capital WIP 3.52 3.59 3.52 3.52 3.52
Intangible WIP 0 0 0 0 0
Investments 56.65 56.51 46.34 46.14 53.8
Loans & Advances 27.51 32.99 7 7.18 41.82
Other N/C Assets 0 0 3.64 3.79 100.37
Current Assets 775.98 870.84 866.16 1247 2772.2
Total Assets 1047.21 1141.8 1100.07 1507.04 3251.76
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Other Income 5.44 7.74 14.83 12.84 35.74
Profit Before Tax 43.16 114.18 84.96 91.42 109.55
Tax 10.76 28.95 22.57 23.3 29.84
Profit After Tax 32.39 85.23 62.39 68.11 79.7
Adjusted EPS (Rs) 2.39 6.28 4.6 5.02 5.87

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2025 83.11 0
Jun 2025 83.11 0
Mar 2025 83.11 0
Dec 2024 83.11 0
Sep 2024 83.11 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 20.82 55.92 79.39 208.43 289.53
Adjustment 51.63 46.02 100.45 64.91 57.65
Changes in Assets & Liabilities 47.88 -63.59 -37.05 -238.74 -952.62
Tax Paid -7.03 -9.64 -36.29 -37.95 -83.22
Operating Cash Flow 113.31 28.71 106.49 -3.36 -688.67
Investing Cash Flow -30.07 -18.18 -58.84 -38.66 -417.39
Financing Cash Flow -87.79 -5.89 -47.13 52.02 1171.61
Net Cash Flow -4.55 4.64 0.53 10.01 65.55
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