P N Gadgil Jewellers Limited
- Minimum Investment₹14,136
- Price Range₹456 - ₹480
- Issue Size₹1,100.00 Cr
- Lot Size31 shares
Proceeds of this IPO to be used for
Funding expenditure towards setting-up of 12 new stores in Maharashtra.
Repayment or pre-payment, in full or part, of certain borrowings availed by the company.
General corporate purposes.
Strengths & Weaknesses of P N Gadgil Jewellers Limited
Trusted brand
The legacy of the ‘PNG’ brand has allowed the company to be well positioned in Maharashtra. By leveraging the heritage of the ‘PNG’ brand, it has created a contemporary brand which offers a wide spectrum of designs and products for different occasions and purpose
Diversified product portfolio
As of FY24, its product portfolio comprises over 10,000 SKUs in gold, over 1,200 SKUs in silver, over 2,700 SKUs in platinum and over 24,000 SKUs in diamond jewellery designs, including a wide range of gold, diamond, silver and platinum products across different price points
Second largest retail player
The company is second largest among the prominent organised jewellery players in Maharashtra, based on number of stores in Maharashtra as on January, 2024
Geographically concentrated
The company's business is primarily concentrated in Maharashtra and it is significantly dependent on top five of its stores located in Maharashtra for revenue generation. Any adverse development affecting such region or stores may have an adverse effect on the business
Working capital
As on July 31, 2024, the company had total outstanding borrowings of Rs 349 crore. Its inability to meet its working capital requirements, on commercially acceptable terms, may have an adverse impact on its business
High competition
Competition in the Indian retail jewellery industry is significant. Company operates in highly competitive and fragmented markets, and competition in these markets is based primarily on market trends, pricing and customer preferences
Financials
Earnings Per Share
Balance Sheet
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Total Debt to Equity | -- |
Cash Flow
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Net Cash Flow | -- |
About P N Gadgil Jewellers Limited
- PromoterSaurabh Vidyadhar Gadgil
- PromoterRadhika Saurabh Gadgil
- PromoterSVG Business Trust