P N Gadgil Jewellers IPO vs Western Carriers (India) IPO

Comparision between P N Gadgil Jewellers IPO and Western Carriers (India) IPO.

IPO Details

P N Gadgil Jewellers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	P N Gadgil Jewellers IPO	Western Carriers (India) IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Motilal Oswal Investment Advisors Limited Nuvama Wealth Management Limited Bob Capital Markets Limited	Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of P N Gadgil Jewellers IPO is up to ₹1,100.00 Cr whereas the issue size of the Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of P N Gadgil Jewellers IPO is ₹480.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

	P N Gadgil Jewellers IPO	Western Carriers (India) IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹456.00 per share	₹163.00 per share
Issue Price (Upper)	₹480.00 per share	₹172.00 per share
Issue Price (Final)	₹480.00 per share	₹172.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	31 shares	87 shares
Fresh Issue Size	1,77,08,334 shares	2,32,55,813 shares
Fresh Issue Size (Amount)	up to ₹850.00 Cr	up to ₹400.00 Cr
OFS Issue Size	52,08,333 shares	54,00,000 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹92.88 Cr
Issue Size Total	2,29,16,667 shares	2,86,55,813 shares
Issue Size Total (Amount)	up to ₹1,100.00 Cr	up to ₹492.88 Cr

IPO Timetable

P N Gadgil Jewellers IPO opens on Sep 10, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of P N Gadgil Jewellers IPO and Western Carriers (India) IPO is Sep 12, 2024, and Sep 19, 2024, respectively.

	P N Gadgil Jewellers IPO	Western Carriers (India) IPO
Anchor Bid Date	Sep 09, 2024	Sep 12, 2024
Issue Open	Sep 10, 2024	Sep 13, 2024
Issue Close	Sep 12, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 13, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 16, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 16, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 17, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 13, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 12, 2024	Dec 18, 2024

Financials

P N Gadgil Jewellers IPO P/E ratio is 36.7, as compared to Western Carriers (India) IPO P/E ratio of 16.85.

P N Gadgil Jewellers IPO

Western Carriers (India) IPO

Financial

P N Gadgil Jewellers Limited Financial Information (Restated Consolidated)

P N Gadgil Jewellers Limited's revenue increased by 34% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,464.98	1,062.55	1,110.24
Revenue	6,119.1	4,559.31	2,586.31
Profit After Tax	154.34	93.7	69.52
Net Worth	534.38	365.73	282.01
Reserves and Surplus		255.53	191.22
Total Borrowing	396.5	283.21	294.93
Amount in ₹ Crore

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	754.01	604.14	490.33
Revenue	1,691.41	1,637.84	1,475.79
Profit After Tax	80.35	71.57	61.13
Net Worth	398.36	318.61	257.58
Reserves and Surplus	359.01	279.08	157.12
Total Borrowing	266	210.47	150.4
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

99.99%

Promoter Shareholding (Post-Issue)

83.11 %

71.89%

P/E Ratio

36.7

16.85

Market Cap

₹6514.00 Cr.

₹1753.63 Cr.

ROE

28.88%%

22.41%%

ROCE

27.31%%

29.23%%

Debt/Equity

0.74

0.67

EPS

₹13.08

₹10.21

RoNW

28.88%%

20.17%%

Shares Offered

In the P N Gadgil Jewellers IPO retail investors (RII) are offered 84,42,983 shares while in Western Carriers (India) IPO retail investors are offered 84,42,983 shares. Qualified institutional buyers (QIB) are offered 48,24,560 shares in P N Gadgil Jewellers IPO and 57,31,163 shares in Western Carriers (India) IPO.

	P N Gadgil Jewellers IPO	Western Carriers (India) IPO
Anchor Investor Reserveration	68,74,999 shares	85,96,743 shares
Market Maker Reserveration
QIB	48,24,560 shares	57,31,163 shares
NII	36,18,421 shares	42,98,372 shares
RII	84,42,983 shares	1,00,29,535 shares
Employee	0 shares	0 shares
Others
Total	1,68,85,964 shares	2,00,59,070 shares

Bids Received (Subscription)

P N Gadgil Jewellers IPO subscribed 59.41x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

	P N Gadgil Jewellers IPO	Western Carriers (India) IPO
QIB (times)	136.85x	28.81x
NII (times)	56.08x	46.68x
Big NII (times)	59.11x	41.65x
Small NII (times)	50.03x	56.73x
RII (times)	16.58x	26.92x
Employee (times)
Other (times)
Total (times)	59.41x	31.69x

Compare with others

P N Gadgil Jewellers IPO	Western Carriers (India) IPO
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KRN Heat Exchanger IPO	Manba Finance IPO
Northern Arc Capital IPO	KRN Heat Exchanger IPO
Arkade Developers IPO	Northern Arc Capital IPO
Western Carriers (India) IPO	Arkade Developers IPO
Kross IPO	P N Gadgil Jewellers IPO
Tolins Tyres IPO	Kross IPO
Shree Tirupati Balajee IPO	Tolins Tyres IPO
Gala Precision Engineering IPO	Shree Tirupati Balajee IPO
Baazar Style Retail IPO	Gala Precision Engineering IPO

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