PNGS Gargi Fashion Jewellery Limited IPO Detail
Incorporated in 2009, PNGS Gargi Fashion Jewellery Limited is engaged in the retail business of costume and fashion jewellery under the brand name "Gargi by P. N. Gadgil & Sons" launched in 2021 under the artificial jewellery segment.
The company deals in 92.5% certified sterling silver jewellery and brass jewellery, idols and other silverware and related gift items. PNGS Gargi Fashion Jewellery Limited offer a wide range of products from artificial jewellery segment for special occasions such as weddings and festivals to daily-wear jewellery for all ages, genders and across various price points.
The company have an extensive product list which includes earrings, necklaces, pendants, chains, finger rings, bracelets, anklets, nose pins, mangal sutra, pendant sets, bangles in brass or silver for females of age groups as well as male accessories such as rings, cufflinks, button set, that cater to our customers taste, preference, choice and the ever-changing trends in the chain and jewellery designs.
The company has an agreement with P.N. Gadgil & Sons Limited and P. N. Gadgil Art & Culture Foundation includes providing with security guards to all the stores, 24 hours a day where our POS Counters are present.
Competitive Strengths:
- Long history, established and existing brand name of "P.N. Gadgil & Sons".
- Extensive product list.
- Hybrid Shopping model.
- Experienced Promoters and a well-trained employee base.
- Effective internal control and processes.
Company Promoters
Mr. Govind Vishwanath Gadgil and Ms. Renu Govind Gadgil are the compny promoters.IPO Details
IPO Opening Date | Dec 08, 2022 |
IPO Closing Date | Dec 13, 2022 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹30 per equity share |
Market Lot | 4000 Shares |
Min Order Quantity | 4000 Shares |
Listing At | BSE SME |
Issue Size | ₹7.80 Cr |
Fresh Issue | 2,600,000 shares of ₹10 (aggregating up to ₹7.80 Cr) |
Offer for Sale | - |
Retail Portion | 50% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | - | - | 0.81x | 5.58x | 3.20x | |
Day 2 | - | - | 4.53x | 19.63x | 12.08x | |
Day 3 | - | - | 12.25x | 63.93x | 38.09x | |
Day 4 | - | - | 213.21x | 248.68x | 230.94x | |
Day 5 | 1.10x | - | - | 151.03x | 217.06x | 99.26x |
IPO Tentative Timetable
The PNGS Gargi Fashion Jewellery Limited IPO open date is Dec 08, 2022, and the close date is Dec 13, 2022. The issue may list on Dec 21, 2022.
IPO Open Date | Dec 08, 2022 |
IPO Close Date | Dec 13, 2022 |
Basis of Allotment Date | Dec 16, 2022 |
Initiation of Refunds | Dec 19, 2022 |
Credit of Shares to Demat Account | Dec 20, 2022 |
IPO Listing Date | Dec 21, 2022 |
IPO Lot Size
The PNGS Gargi Fashion Jewellery Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 4000 | ₹120000 |
Maximum | 1 | 4000 | ₹120000 |
IPO Promoter Holding
Pre Issue Share Holding | 100% |
Post Issue Share Holding | 73% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 2.64 | 0.63 | 0.35 |
31-Mar-22 | 836.2 | 593.94 | 110.53 |
30-Sep-22 | 1247.77 | 1189.18 | 213.17 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
PNGS Gargi Fashion Jewellery Limited IPO Registrar:
Bigshare Services Pvt Ltd
PNGS Gargi Fashion Jewellery Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED
Company Contact Information:
PNGS Gargi Fashion Jewellery Limited
S. No. 37/1 & 37/2, Near Lokmat New Paper, Wadgaon
Khurd
Pune