PN Gadgil & Sons the retail gems and jewellery company have received markets regulator Sebi's go ahead to float their initial public offering. The Pune-based retail jewellery chain PN Gadgil & Sons approached the capital markets regulator SEBI with IPO papers in May.
PN Gadgil & Sons public issue will see sale of shares to the tune of Rs 500 crore, as per the IPO papers.
The shares of the company will be listed on the BSE and NSE.
HDFC Bank Limited and Yes Securities (India) Limited are the Book Running Lead Managers (“BRLMs”) and Link Intime India Private Limited are the Registrar to the Issue.
The product offerings at P N Gadgil & Sons include gold jewellery, silver jewellery, idols and other silverware, diamonds and diamond jewellery and other gemstones jewellery and related gift items. We have the ability to create localised product mixes in our stores to suit regional tastes.
The company caters to a variety of customers across high-end market, mid-market and value market segments and their products are designed by their in-house team of creative designers allowing to manage a large and diverse portfolio of designs. The company has a dedicated design team, focused on developing new products and designs that meet customers’ requirements.
The company have 23 stores in Maharashtra and one each at Gujarat and Karnataka.