31 Mar 2022
Assets1,110.24
Total Income2,586.31
Profit After Tax69.52
NET Worth282.01
Reserves and Surplus191.22
Total Borrowing294.93
At a glance
Updated 2026-09-13The shares listed at ₹830.00, a 72.92% move from the issue price. P N Gadgil Jewellers is a Mainboard IPO with an issue size of ₹1,100.00 crore, proposed for listing on BSE, NSE. The offer opens on 10th Sep 2024 and closes on 12th Sep 2024. The issue structure includes a fresh issue of ₹850.00 crore and an offer-for-sale component of ₹250.00 crore. The current listing schedule points to 17th Sep 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹1,100.00 Cr
Fresh issue₹850.00 Cr
Offer for sale₹250.00 Cr
Face value₹10
Price band₹456.00–₹480.00
Allotment13th Sep 2024
Listing17th Sep 2024
Listing performance
Full performance ↗Issue price₹480.00
Listing price₹830.00
Current price—
Listing gain72.92%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹303.50
GMP / upper price63.23%
Est. listing₹783.50
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens10th Sep 2024
Closes12th Sep 2024
Allotment13th Sep 2024
Refund16th Sep 2024
Demat16th Sep 2024
Listing17th Sep 2024
Subscription demand
Full bidding ↗Total62.53×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 31 | ₹14,880 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding expenditure towards setting up of 12 new stores in Maharashtra (New Stores) | ₹392.57 Cr |
| Repayment or pre-payment, in full or part, of certain borrowings availed by the Company | ₹300.00 Cr |
| General Corporate Purposes | ₹109.15 Cr |
| Total | ₹801.72 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue6,119.10₹ Cr · +34.2% vs prior year
PAT154.34₹ Cr · +64.7% vs prior year
Assets1,464.98₹ Cr · +37.9% vs prior year
Net Worth534.38₹ Cr · +46.1% vs prior year
Borrowing396.50₹ Cr · +40.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets1,062.55
Total Income4,559.31
Profit After Tax93.70
NET Worth365.73
Reserves and Surplus255.53
Total Borrowing283.21
31 Mar 2024
Assets1,464.98
Total Income6,119.10
Profit After Tax154.34
NET Worth534.38
Total Borrowing396.50
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 28.88% |
| ROCE | 27.31% |
| Debt / Equity | 0.74% |
| RoNW | 28.88% |
| PAT Margin | 2.53% |
| Price to Book Value | 10.6 |
Valuation & shareholding
Pre-IPO EPS13.08
Post-IPO EPS11.37
Pre-IPO P/E36.7
Post-IPO P/E42.2
Promoter holding pre100%
Promoter holding post83.11%
Market cap₹6514.00 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| P N Gadgil Jewellers IPO | — | 42.20 x | — | — |
| Deepa Jewellers IPO | — | 16.23 x | — | — |
| Priority jewels IPO | — | 13.90 x | — | — |
| Augmont Enterprises IPO | — | 20.67 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| BRLMs' fees and commissions (including underwriting commission, brokerage and selling commission) | ₹26.12 Cr |
| Selling commission/processing fee for SCSBs, Banker(s) to the Offer, Sponsor Bank(s) and fee payable to the Sponsor Bank(s) for Bids made by RIBs(2)(3)(7) | ₹0.09 Cr |
| Bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs(4)(5)(6)(7) | ₹1.17 Cr |
| Fees payable to the Registrar to the Offer | ₹0.46 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | ₹4.76 Cr |
| Printing and stationery | ₹1.21 Cr |
| Advertising and marketing expenses | ₹9.15 Cr |
| Fee payable to legal counsel | ₹1.29 Cr |
| Fee payable to statutory auditors | ₹0.12 Cr |
| Fee payable to architect | ₹0.84 Cr |
| Miscellaneous | ₹3.08 Cr |
| Total | ₹48.28 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Motilal Oswal Investment Advisors...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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