PNGS Gargi Fashion Jewellery Limited

Company Profile
Company Name PNGS Gargi Fashion Jewellery Limited
Open Date 08-12-2022
Close Date 13-12-2022
Exchange BSE SME
Lot Size 4000 Shares
Issue Price ₹30 per share
Issue Size 26,00,000 Equity Shares
Application Amount ₹ 1,20,000
Recommendation Avoid
Company 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. Company offers wide range of fashion jewellery that includes 92.5% sterling silver jewellery and brass jewellery, idols and other silverware, related gift items and also fashion jewellery segment for special occasions such as weddings and festivals to daily-wear jewellery for all ages, genders and across various price points. Company’s portfolio offers variety of traditional, Indo-western, & modern design and jewellery. Company primarily source finished jewellery from third party manufacturing vendors located across India and also outsource the work of making costume jewellery to various artisans. Company have point of sales (POS) counters at 30 showrooms across the states of Maharashtra, Gujarat and Karnataka and also sell products through online platform at
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Summary of Financials (All financials in Lakh)

For the Period Ended Sep-22 Mar-22 Mar-21
Total Assets 1,247.77 836.20 2.64
Net Assets 1,074.83 111.98 1.62
Total Borrowings - 531.28 0.36
Total Revenue 1,189.17 593.93 0.63
Profit After Tax 213.17 110.53 0.35

Tentative Timeline

Opening Date 08-12-2022
Closing Date 13-12-2022
Basis of Allotment 16-11-2022
Initiation of Refunds 19-11-2022
Credit of Shares to Demat 20-11-2022
Listing Date 20-11-2022

Objects of the Issue

Funding working capital requirements.
General corporate purposes.

Contact Information

Registered Office PNGS Gargi Fashion Jewellery Limited S. No. 37/1 & 37/2, Near Lokmat New Paper, Wadgaon, Khurd, Pune – 411 041
Phone 020 – 2991 1980

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Market Maker Shares Offered 1,36,000 (5.23%)
Other Shares Offered 12,32,000 (47.38%)
Retail Shares Offered 12,32,000 (47.38%)
Total Shares Offered 26,00,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.00%

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