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PN Gadgil Jewellers

Founded in 1832, P N Gadgil Jewellers has a rich legacy and has seen substantial growth, with a 52.82% revenue increase from Fiscal 2021 to Fiscal 2023. The company operates 33 stores in Maharashtra, Goa, and the U.S., offering a wide range of gold, silver, platinum, and diamond jewelry. These products are primarily marketed under its flagship brand, ‘PNG.’ Of the 33 stores, 23 are company-owned, while 10 operate under a franchisee-owned and company-operated (FOCO) model.

As of December 31, 2023, P N Gadgil Jewellers has developed eight sub-brands focused on gold jewelry collections for various occasions. These include Saptam, Swarajya, Rings of Love, The Golden Katha of Craftsmanship, Flip, Lifestyle, Pratha, and Yoddha. In the diamond jewelry category, the company offers two sub-brands: Eiina and PNG Solitaire. Additionally, for platinum jewelry, the sub-brands Men of Platinum and Evergreen Love cater to different tastes. The company also provides custom-made, made-to-measure jewelry to meet individual customer preferences

PN Gadgil Jewellers IPO Details

Signature Global IPO Details
PN Gadgil Jewellers IPO Dates
10 – 12 September 2024
PN Gadgil Jewellers Issue Price
INR 456 – 480 per share
Fresh issue
INR 850 crore
Offer For Sale
INR 250 crore
Total IPO Size
INR 1,100 crore
Minimum bid (size)
31 shares (INR 14,880)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

PN Gadgil Jewellers Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

H1 FY 2024

Revenue

1,930.06

2,555.63

4,507.52

2,627.85

Expenses

1,937.79

2,501.27

4,441.23

2,570.91

Net income

(6.58)

69.57

93.69

43.63

Margin (%)

(0.34)

2.72

2.08

1.66

Figures in INR Crore unless specified otherwise

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