P N Gadgil Jewellers IPO Review,Analysis
Main Points
Company Nmae : P N Gadgil Jewellers Limited
Company Founded : October 2013
About
Business/Work : All Jewellery, Diamond, Silver, Gold, Platinum
Stores : 32 Stores in India & 1 Store in USA
23 stores are company owned, while 10 stores follow a Franchisee Owned and Company Operated
Company Employees : 1152
Company Brands
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.
IPO Timeline
Opening from September 10 to 12
Allotment date: September 13.
Shares Credits or allocation: September 16.
listing date: September 17.
Lot Details
Retail Minimum : 31 shares, 1 lots at ₹14,136.
Retail Maximum : 403 Shares, 13 lots at ₹193,440
S HNI small category – 14 lots, 434 shares = ₹208,320
S HNI big category – 67 lots, 2077 shares = ₹996,960
QIB shares offered = 50%
Retail shares offered = 35%
HNI shares offered = 15%
IPO Size
Issue size: ₹1,100 crores.
Fresh issue: ₹480 crores; Offer for sale: ₹250 crores.
face Value : ₹10 per share
Price Band : ₹456 to ₹480 per share
Financial Performance
Assest : [ 31 March 2024. 1,464 Crores ] { 31 March 2023. 1,062 Crores ] [ 31 March 2022. 1,110 Crores ]
Revenue : [ 31 March 2024. 6,119 crores ] [ 31 March 2023. 4,559 crores ] [ 31 march 2022. 2,586 crores ]
Profit after tax : [ 31 march 2024. 154,34 crores ] [ 31 march 2023. 93.7 crores] [ 31 march 2022. 69.52 crores ]
Net Worth : [ 31 march 2024. 534,38 crores ] [ 31 march 2023. 365.73 crores] [ 31 march 2022. 282.01 crores ]
Total borrowing : [ 31 march 2024. 396.5 crores ] [ 31 march 2023. 283.21 crores] [ 31 march 2022. 294.93 crores ]
Important Points
Return On Equity[ ROE ] 28.88%
Return On Capital Employed[ ROCE ] 27.31%
Debt/Equity : 0.74%
RoNW : 28.88%
Price To Book Value [P/BV] 10.6%
PAT Margin 2.53%
Expectation
Listing Gain : 25% to 40%
Around 25 to 30 time over subscription
Peer Comparison
1 : Titan Company Ltd
2 : Kalyan Jewellers Ind
3 : Senco Gold Ltd
4 : Rajesh Exports Ltd
5 : PC Jeweller Ltd
Shariah Compliant
P N Gadgil Jewellers Limited IPO is Non shariah compliant as per Islamicly Shariah Board Criteria
