PNGS Gargi Fashion Jewellery Limited IPO : Company Details and More

PNGS Gargi Fashion Jewellery Limited initiated its business operations in 2009. The company is involved in costume and fashion jewellery under the brand name P.N. Gadgil Sons which is launched into its artificial jewellery segment in 2021. The company offers a wide range of products under 4 categories.

The first category is Brass jewellery. Under this it offers Earrings, Pendants, Finger Rings, Men’s Accessories, Bracelets, Anklets, Necklace, Chains etc.

The Second category is Silver Jewellery. Under this it offers Mangalsutra, Bracelets, Tops, Nose Pins, Bangles, Men’s accessories, Earrings, Pendant sets, Necklaces, Anklets, Pendants etc.

The third category is Signature Collection. PNGS Gargi Fashion Offers Signature Collection under Bracelet, Earring, Necklace, Tops, Pendants, Finger Rings etc.

The final category at PNGS is known as WOWORNA. It sells Bracelets, Tops, Finger Rings, Earrings, necklaces etc.

IPO DETAILS

PNGS Gargi Fashion Jewellery Limited IPO is set to launch on 8 Dec., 2022. The subscription timeline extends till 13 Dec., 2022. The size for the IPO is 7.80 Crore Rs.. Shares issued through fresh issues are worth 7.80 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 4000 shares and the price is 30 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a fixed price issue. The registrar for the company is BigShare Services Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	8 Dec., 2022
CLOSING DATE FOR IPO	13 Dec., 2022
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	30 Rs.
LOT SIZE	4000 shares
MINIMUM ORDER QUANTITY	4000 shares
ISSUE SIZE	7.80 Crore Rs.
OFFER FOR SALE	No shares Issued
FRESH ISSUE	33.97 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	21 Dec., 2022

IMPORTANT DATES

IPO OPENING DATE	8 Dec., 2022
CLOSING DATE FOR IPO	13 Dec., 2022
IPO ALLOTMENT DATE	16 Dec., 2022
REFUNDS	19 Dec., 2022
DEMAT A/C CREDITED ON	20 Dec., 2022
IPO LISTING DATE	21 Dec., 2022

PNGS Gargi Fashion Jewellery Limited IPO begins for subscription from 8 Dec., 2022. The IPO subscription would continue till 13 Dec., 2022. The allotment status for the shareholders who applied would come on 16 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 19 Dec., 2022. The DEMAT accounts of shareholders would be credited on 20 Dec., 2022. The listing of the company would be accompanied on 21 Dec., 2022.

Lead Managers

The lead managers are :

• BigShare Services Private Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to  120000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	4000 shares	120000 Rs.
Maximum	8000 shares	240000 Rs.

OBJECTIVES FOR THE IPO

• For General corporate purposes.
• The funds can be used for working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	836	2.6	2.9
Revenue	594	0.63	0
PAT	110	0.35	0.1

PNGS Gargi Fashion Jewellery Limited has an asset base of 836 Lakh Rs in 2022. The same was 2.6 lakh Rs in 2021 and 2.9 Lakh Rs in 2020. The revenue of the company was 0.63 Lakh Rs in 2021 which boosted to 594 Lakh Rs in 2022. Thus the company is progressing well recently and the same is noticed in the asset base and revenue generation. On the other hand the company is also generating a high amount of profit in recent years. The profitability of the company was 0.1 Lakh Rs in 2020 which increased to 0.35 Lakh Rs in 2021 and this went on to 110 Lakh Rs in 2022.

PROS

• PNGS Gargi Fashion Jewellery Limited sells its products under 4 categories. They are Brass Jewellery, Silver Jewellery, WOWORNA and Signature Collection.

CONS

• The company’s financials are improving but yet have a smaller profit margin than it should be getting in comparison to the revenue generated and assets held.
• The company works in a highly competitive segment.

PNGS Gargi Fashion Jewellery Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the PNGS Gargi Fashion Jewellery Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.