
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
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹30
Band: ₹30
Estimated Listing Price
₹62
Upper price + GMP
Lot Size
4000 shares
Min investment ₹1,20,000
Estimated Profit / Lot
₹1,28,000
4000 × ₹32
Grey Market Premium trend
+₹32
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹32 | 106.7% | ₹62 |
| 30 Oct 2026 | +₹32 | 106.7% | ₹62 |
| 29 Oct 2026 | +₹29 | 96.0% | ₹59 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for PNGS Gargi Fashion Jewellery Limited IPO is ₹32, which indicates an expected listing price of ₹62.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.