IPO Issue Details
Issue Price / Price Band₹30 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size26,00,000 shares (aggregating up to ₹7.80 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 08 Dec 2022
Subscription CloseTue, 13 Dec 2022
Anchor AllotmentWed, 07 Dec 2022
Basis of AllotmentFri, 16 Dec 2022
Initiation of RefundsMon, 19 Dec 2022
Credit of Shares to DematTue, 20 Dec 2022
Listing DateTue, 20 Dec 2022
UPI Mandate Deadline2022-12-13
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 4,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 8,000 shares
P/E Ratio (Pre-IPO)6.77x
Net Offer to Public24,64,000 shares (aggregating up to ₹7.39 Cr)
Reserved for Market Maker1,36,000 shares (aggregating up to ₹0.4080 Cr)
Pre-IPO Promoter Holding70,28,003 shares
Post-IPO Promoter Holding96,28,003 shares
About PNGS Gargi Fashion Jewellery Ltd.
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:Long history, established and existing brand name of "P.N. Gadgil & Sons".Extensive product list.Hybrid Shopping model.Experienced Promoters and a well-trained employee base.Effective internal control and processes.
Objects of the Issue
PNGS Gargi Fashion Jewellery Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding working capital requirement
5.50
2
2 General Corporate Purpose
1.77
Shareholding & Lock-in
Pre-IPO Promoter Holding
70,28,003 shares
Post-IPO Promoter Holding
96,28,003 shares