GJ Town India

  Jewellers files DRHP with market regulator   P N Gadgil Jewellers Limited (PNG), the second largest among the prominent organised jewellery players in Maharashtra, in terms of the number of stores as on January, 2024, which is the largest market for BIS- registered outlets in India has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).   The Company’s initial public offering comprises a fresh issue of equity shares of face value of Rs 10 each aggregating up to Rs 8,500 million and an offer for sale of equity shares of face value of Rs 10 each aggregating up to Rs 2,500 million. The total offer size comprises of equity shares of face value of Rs 10 each aggregating up to Rs 11,000 million. The offer for sale comprises of equity shares of face value of Rs 10 each aggregating up to Rs 2,500 million by SVG Business Trust (Promoter Selling Shareholder). The funds raised through the IPO are proposed to be ut...

Many jewellers & segments fetch over 15% sales YoY This Dhanteras remain a classic case of demand & supply. Initially no jewellers had expected any growth at the festive. Later all of the sudden market sentiments get changed and many leading had expected the Dhanteras to grow over 20% by adding wedding season advantage! Yet over all the Dhanteras grew over 7% only pan India YoY.   Mr Nitin Khandelwal, Chairman, All India Gem and Jewellery Domestic Council (GJC): “This Dhanteras has been better than our expectation. The sales have seen a positive figure as compared to last year and we have experience over 7-10 percent higher jewellery sales compared to last year Dhanteras. This festive season followed by a long wedding season is going to contribute substantially in sales. The consumers are witnessing new promotions and attractive schemes across India by Jewellers, thus giving a win-win situation for both.” Mr Saurabh Gadgil, Chairman and Managing Direct...