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PNGS Gargi Fashion Jewellery IPO is a fixed price issue of Rs 7.80 crores. The issue is entirely a fresh issue of 26 lakh shares.
PNGS Gargi Fashion Jewellery IPO bidding started from December 8, 2022 and ended on December 13, 2022. The allotment for PNGS Gargi Fashion Jewellery IPO was finalized on Friday, December 16, 2022. The shares got listed on BSE SME on December 20, 2022.
PNGS Gargi Fashion Jewellery IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹240,000.
Shreni Shares Limited is the book running lead manager of the PNGS Gargi Fashion Jewellery IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for PNGS Gargi Fashion Jewellery IPO is Shreni Shares.
Refer to PNGS Gargi Fashion Jewellery IPO RHP for detailed information.
| IPO Date | December 8, 2022 to December 13, 2022 |
| Listing Date | December 20, 2022 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,600,000 shares (aggregating up to ₹7.80 Cr) |
| Fresh Issue | 2,600,000 shares (aggregating up to ₹7.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,028,003 |
| Share holding post issue | 9,628,003 |
| Market Maker portion | 136,000 shares Shreni Shares |
PNGS Gargi Fashion Jewellery IPO offers 2,600,000 shares. 1,232,000 (47.38%) to NII, 1,232,000 (47.38%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 136,000 (5.23%) |
| Other Shares Offered | 1,232,000 (47.38%) |
| Retail Shares Offered | 1,232,000 (47.38%) |
| Total Shares Offered | 2,600,000 (100%) |
PNGS Gargi Fashion Jewellery IPO opens on December 8, 2022, and closes on December 13, 2022.
| IPO Open Date | Thursday, December 8, 2022 |
| IPO Close Date | Tuesday, December 13, 2022 |
| Basis of Allotment | Friday, December 16, 2022 |
| Initiation of Refunds | Monday, December 19, 2022 |
| Credit of Shares to Demat | Tuesday, December 20, 2022 |
| Listing Date | Tuesday, December 20, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2022 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Govind Vishwanath Gadgil and Ms. Renu Govind Gadgil are the compny promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73% |
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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2.93 | 0 | 0.1 | 1.28 | 0.36 |
| 31-Mar-21 | 2.64 | 0.63 | 0.35 | 1.62 | 0.36 |
| 31-Mar-22 | 836.2 | 593.94 | 110.53 | 109.5 | 531.28 |
| 30-Sep-22 | 1247.77 | 1189.18 | 213.17 | 1072.71 | |
| Amount in ₹ Lakhs | |||||
The market capitalization of PNGS Gargi Fashion Jewellery IPO is Rs 28.88 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 6.77 |
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.
[Dilip Davda] PNGSG is operating in a highly competitive and fragmented segment. The sustainability of margins reported for the last 18 months raises concern. The issue is attractively priced on the basis of its recent super earnings but maintaining such performance going forward holds the key. Well-informed, cash surplus/risk seekers may consider investing in this IPO. Read detail review...
The PNGS Gargi Fashion Jewellery IPO is subscribed 230.94 times on December 13, 2022 6:57:00 PM. The public issue subscribed 248.68 times in the retail category, times in the QIB category, and 213.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 213.21 |
| Retail | 248.68 |
| Total | 230.94 |
| Listing Date | December 20, 2022 |
| BSE Script Code | 543709 |
| NSE Symbol | |
| ISIN | INE0NT601018 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹57.00 |
| ₹57.00 |
| ₹59.85 |
| ₹59.85 |
PNGS Gargi Fashion Jewellery Limited
S. No. 37/1 & 37/2,
Near Lokmat New Paper,
Wadgaon, Khurd, Pune – 411 041
Phone: 020 – 2991 1980
Email: info@gargibypng.com
Website: https://www.gargibypng.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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PNGS Gargi Fashion Jewellery IPO is a SME IPO of 2,600,000 equity shares of the face value of ₹10 aggregating up to ₹7.80 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on December 8, 2022, and closes on December 13, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in PNGS Gargi Fashion Jewellery IPO using UPI as a payment gateway. Zerodha customers can apply in PNGS Gargi Fashion Jewellery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PNGS Gargi Fashion Jewellery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PNGS Gargi Fashion Jewellery IPO opens on December 8, 2022 and closes on December 13, 2022.
PNGS Gargi Fashion Jewellery IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in PNGS Gargi Fashion Jewellery IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for PNGS Gargi Fashion Jewellery IPO will be done on Friday, December 16, 2022, and the allotted shares will be credited to your demat account by Tuesday, December 20, 2022. Check the PNGS Gargi Fashion Jewellery IPO allotment status.
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