
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
Overall Subscription
230.82x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 1,300,000 | — | 0.00x |
| Non-Institutional (NII / HNI) | 390,000 | — | 0.00x |
| Retail Individual (RII) | 910,000 | — | 0.00x |
| Total | 2,600,000 | 0 | 230.82x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 228 | 52,627 | 230.82x |
| HNIs (10L +) | 1 | 231 | 231.00x |
| HNIs (2-10L) | 7 | 1,616 | 230.86x |
| Total Applications | 236 | 54,474 | 230.82x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for PNGS Gargi Fashion Jewellery Limited IPO is ₹32 per equity share. Based on the upper price band of ₹30 to ₹30 per equity share, the estimated listing price is ₹62 (+106.7% expected listing gain).
With a lot size of 4000 shares and current GMP of ₹32, the expected profit per application lot is approx ₹1,28,000 (+106.7% gain). Minimum application cost is approx ₹1,20,000.
The PNGS Gargi Fashion Jewellery Limited IPO aggregate issue size is ₹7.8 Crores with an equity price band set at ₹30 to ₹30 per equity share. The retail lot size is 4000 shares requiring a minimum capital outlay of approx. ₹1,20,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 230.82x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2022-12-16. Investors can verify status using PAN card or application number.
PNGS Gargi Fashion Jewellery Limited shares are scheduled to list on BSE on 2022-12-20.