Saurabh Gadgil, MD, P N Gadgil Jewellers On IPO, Financials, Debt & Expansion Plans

The P N Gadgil Jewellers IPO is set to raise ₹1,100 crores through the IPO. This includes a fresh issue of ₹850 crores and an offer for sale amounting to ₹250 crores. The IPO will be open for subscription from September 10, 2024, to September 12, 2024, with its shares likely to list on both the BSE and NSE, tentatively scheduled for September 17, 2024. The price band for the IPO is set between ₹456 and ₹480 per share. Retail investors will need a minimum investment of ₹14,880, while the minimum lot size for small and medium investors (sNII) is 14 lots, totaling ₹208,320. Established in 2013, P N Gadgil Jewellers offers an extensive range of precious metals and jewellery, including gold, silver, platinum, and diamond pieces under the "PNG" brand. As of December 31, 2023, the company operates 33 stores, with 32 located across 18 cities in Maharashtra and Goa and one in the United States. In an exclusive interview with Business Today TV, Saurabh Gadgil, MD of P N Gadgil Jewellers, discusses the IPO’s objectives, financials, debt situation, and future expansion plans. Don’t miss this insightful conversation.