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PNGS Gargi Fashion Jewellery Limited IPO Detail

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 DateDec 08, 2022
IPO Closing DateDec 13, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹30 per equity share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME
Issue Size₹7.80 Cr
Fresh Issue2,600,000 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 DateDec 08, 2022
IPO Close DateDec 13, 2022
Basis of Allotment DateDec 16, 2022
Initiation of RefundsDec 19, 2022
Credit of Shares to Demat AccountDec 20, 2022
IPO Listing DateDec 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹120000
Maximum14000₹120000

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73%

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