PN GADGIL JEWELLERS
Akshaya Tritiya sees tepid demand on gold price surge
Gold demand during India's Akshaya Tritiya festival remained subdued as record prices curbed jewellery purchases, despite a slight increase in investment demand. Consumers shifted towards gold coins, with overall buying volume lower, though value spending was higher due to elevated prices. This reflects a changing trend of price-sensitive buyers purchasing throughout the year.
Akshaya Tritiya 2026: Gold stocks soar up to 25% in a month! Will rally soften after auspicious festival?
Jewellery stocks have emerged as standout performers despite broader market volatility triggered by geopolitical tensions and rising oil prices. Shares of companies like Kalyan Jewellers, Titan, and PC Jeweller have surged up to 25% in a month, far outpacing the Nifty’s gains.
Come wedding season and jewellery stocks do the Jig
Jewellery company shares have seen significant gains. Strong demand from weddings and festivals is driving sales. Consumers are spending despite high gold prices. Same-store sales are showing sharp improvements. Companies are expanding their store networks. International operations are also performing well. This positive trend is expected to continue.
Strong Q3 sales and rising gold demand lift jewellery stocks
Gold jewellery stocks surged on Wednesday. Titan Company, Kalyan Jewellers India, and Senco Gold reported strong third-quarter sales. This positive market sentiment is expected to continue. Analysts point to rising gold prices and consistent sales growth as key drivers. Titan's jewellery business grew 41% year-on-year. Senco's revenue was up 51%. Kalyan Jewellers saw consolidated revenue growth of approximately 42%.
Traders pick jewellery again, hope gold's sparkle rubs on
Listed jewellery companies including Titan Company, Kalyan Jewellers, PN Gadgil Jewellers, Thangamayil Jewellery, and Senco Gold have gained 2-20% over the past week compared with 4-40% drop over a three-month period.
PN Gadgil Jewellers Q3 Results: Profit surges 49% to Rs 86 crore, revenue jumps 23%
PN Gadgil Jewellers Q3 Results: P N Gadgil Jewellers reported a 49.4% YoY profit growth in Q3 FY25, reaching ₹86 crore. Revenue rose 23.5% to ₹2,435.7 crore, driven by strong retail, e-commerce, and franchise performance, alongside aggressive showroom expansion.
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India's newest billionaire was a RBI intern and national level chess player. Meet Saurabh Gadgil of PNG Jewellers
PN Gadgil Jewellers has experienced significant share value gains following its IPO in September. CEO Saurabh Gadgil's strategic leadership has driven the brand's growth, resulting in his net worth approaching $1 billion. PNG Jewellers continues to thrive, with Q1 FY25 revenue reaching Rs 1,668 crore.
PN Gadgil Jewellers shares hit 10% upper circuit on expansion plans
PN Gadgil Jewellers shares surged 10% after announcing plans to open 9 new stores during Navratri. The stock debuted with a 74% premium. The company is the second-largest organized jewellery player in Maharashtra.
PN Gadgil Jewellers stock debuts at a premium of 72.9% on NSE
The offer was a fresh issue of ₹850 crore and an offer for sale of ₹250 crore. The company had a market capitalization of ₹10,692.5 crore at close on Tuesday.
PN Gadgil Jewellers shares list at 74% premium over IPO price
PN Gadgil Jewellers Share Price: Ahead of its listing, the company's shares traded with a 63% premium over the issue price. The IPO, featuring a fresh equity sale of 1.77 crore shares and OFS of 52.08 lakh shares, was met with robust investor interest, closing with an overall subscription of over 50 times. Prior to the opening, PN Gadgil Jewellers secured Rs 330 crore from anchor investors by allotting 68.74 lakh shares to 25 investors. The IPO proceeds are intended for setting up 12 new stores in Maharashtra, repaying debt, and other general corporate purposes.
PN Gadgil Jewellers IPO share allotment expected today. Here's how you can check status
PN Gadgil Jewellers IPO Allotment Date: The share allotment of PN Gadgil Jewellers IPO is expected to be finalised today. Investors can check their allotment status on the BSE or registrar's website. The company's shares are set to list on September 17 with a premium of 70% in the unlisted market. The IPO received an overall subscription of 59 times.
PN Gadgil Jewellers IPO subscribed over 12 times so far on Day 3, GMP rises to 56%. Check details
PN Gadgil Jewellers' IPO was 12.3 times subscribed, with high demand from retail and non-institutional investors. The GMP is Rs 268, indicating a 56% premium. The issue price band is Rs 456-480.
PN Gadgil Jewellers IPO subscribed 6.9 times as on Day 2. GMP rises to 54%
PN Gadgil Jewellers IPO: By around 12 pm, the retail portion had been subscribed 4.22 times, while the non-institutional investors' (NIIs’) portion saw the highest demand, with 6.80 times subscription. Meanwhile, the qualified institutional buyers' (QIBs) quota was subscribed at 3%, with 1,20,714 consolidated share bids received against 48,24,560 shares available for subscription.
PN Gadgil Jewellers IPO sails through on Day 1. Check GMP, review, other details
PN Gadgil Jewellers' IPO, which opened for subscription and will close on September 12, saw strong demand on its first day. The company aims to raise funds for new stores, debt repayment, and other corporate purposes.
PN Gadgil Jewellers IPO opens with strong GMP. Should you bid?
PN Gadgil Jewellers IPO GMP: PN Gadgil Jewellers' IPO opened for subscription, offering up to 1.7 crore fresh shares and 52 lakh shares through an offer for sale. The funds will be used for new stores, debt repayment, and corporate purposes. Analysts recommend subscribing due to the company's strong market presence and growth potential.
PN Gadgil Jewellers raises Rs 330 crore from anchor investors ahead of IPO
PN Gadgil Jewellers Ltd has raised Rs 330 crore from anchor investors ahead of its IPO opening. The IPO, valued at Rs 1,100 crore, includes a fresh issue of shares worth Rs 850 crore and an offer for sale of Rs 250 crore. The funds will be used for new stores, debt repayment, and corporate purposes.
PN Gadgil Jewellers IPO set to open: Price band, GMP among 10 things to know before subscribing
The initial public offering (IPO) of PN Gadgil Jewellers will open for subscription on September 10. The issue closes on September 12. Through the public offer, the company plans to raise nearly Rs 1100 crore.
PN Gadgil Jewellers IPO: Top brass on 'Peshwa route' and how it became a legacy jeweller in Maharashtra
ET Markets, in an exclusive episode of IPO TALK, spoke with Saurabh Gadgil, Managing Director of PN Gadgil Jewellers, to understand how well the company is positioned at this point and what are the prospects.
PN Gadgil Jewellers announces Rs 456-480 price band for Rs 1,100 crore IPO. Check details
PN Gadgil Jewellers has set a price band of Rs 456-480 per share for its Rs 1,100-crore IPO, opening on September 10. The funds will be used for new stores, debt repayment, and corporate purposes. The company is expanding rapidly with significant revenue growth and profitability improvements.
PN Gadgil Jewellers IPO to open on September 10. Check details
PN Gadgil Jewellers, Maharashtra's second largest organised jewellery player, will launch its IPO on September 10, aiming to raise Rs 1100 crore. The funds will be used for opening new stores, debt repayment, and general corporate purposes. The company has shown significant growth in revenue and profit over recent years.
Sebi returns IPO papers of Vishal Mega Mart, Avanse Fin and 2 others, approves 4 issues
Capital markets regulator Sebi approved IPOs for PN Gadgil Jewellers, KRN Heat Exchanger, Ecos India Mobility, and Premier Energies. The funds raised will be used for corporate expansions and debt repayment. Sebi also returned the draft prospectus documents of Vishal Mega Mart, Avanse Financial Services, Sai Life Sciences, and BMW Ventures.
PN Gadgil Jewellers files DRHP with Sebi for Rs 1,100-crore IPO
The IPO includes a fresh equity issue of Rs 850 crore and an offer for sale of Rs 250 crore. Promoter SVG Business Trust is supposed to offload part equity.
Heat effect: Jewellers plan to extend business hours to 10 pm to help buyers
India consumes 950-1000 tonnes of gold annually, and rural India accounts for 60% of this. “Extreme heat wave has resulted in less footfalls in stores.
Large number of jewellers from Maharashtra call off strike
In fact, jewellers from Maharashtra have missed the Gudi Padwa day when lot of gold buying takes place in India. They lost business of around Rs 2,000 crore.
Pune-based PN Gadgil Jewellers to set up 'try-on kiosks' at 19 stores
The customers can create their own profile, sign-in and access it from anywhere over the internet.
Jewellers promote EMI schemes to revive low rural demand hit by bad weather
Jewellrs are scaling down inventory at the rural outlets, showcasing lightweight jewellery and promoting EMI schemes to push sales.
Branded jewellers like Gitanjali and Tara tie up with Amazon, Snapdeal to sell cheaper products online
These jewellers are tying up with etailers like Amazon, Snapdeal, Flipkart to sell smaller items that cost anything between Rs25,000 and Rs40,000.
PN Gadgil Jewellers rope in Salman Khan, Madhuri Dixit for global endorsements
The company plans to launch operations in Gulf and US market, where both Salman Khan and Madhuri Dixit are popular among Indian and Pakistani expatriate community.
Indian jewellers step up operations in West Asia
A new entrant like Kalyan Jewellers claims to have already bagged a customer base of more than one lakh among the South Asian diaspora.
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