
Consumer Discretionary · BSE
Incorporated in 2009, PNGS Gargi Fashion Jewellery Limited operates in the retail business of costume and fashion jewellery under the brand “Gargi by P. N. Gadgil & Sons,” introduced in 2021 in the artificial jewellery segment. The company offers 92.5% certified sterling silver jewellery, brass jewellery, idols, silverware, and gift items, covering a wide range of products suitable for weddings, festivals, and daily wear across all age groups and genders. Its extensive portfolio includes earrings, necklaces, pendants, chains, rings, bracelets, anklets, nose pins, mangalsutra, pendant sets, and bangles, along with men’s accessories such as rings, cufflinks, and button sets to match evolving trends and customer preferences. The company also has an agreement with P. N. Gadgil & Sons Limited and P. N. Gadgil Art & Culture Foundation to provide 24×7 security guards at all store locations where its POS counters operate.
Price Band
₹30
Issue Size
₹7.80 Cr
Lot Size
4000 shares
GMP
+106.7%
Est. Listing
₹62
at current GMP
Subscribed
230.82x
overall
Open
8 Dec 2022
Close
13 Dec 2022
Allotment
16 Dec 2022
Refund
17 Dec 2022
Demat Credit
18 Dec 2022
Listing
20 Dec 2022
Designated Registrar: Bigshare Services Private Limited
Allotment Date
16 Dec 2022
Basis finalization
Refunds Initiate
17 Dec 2022
Mandate release
Demat Credit
18 Dec 2022
Shares in demat
Listing Debut
20 Dec 2022
Trading begins
PNGS Gargi Fashion Jewellery Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹7.8 Crores. The shares are offered at a price band of ₹30 to ₹30 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2022-12-13, the basis of allotment is scheduled to be finalized on 2022-12-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.