jewellery with BIS hallmarking

P N Gadgil and Sons Thinks Beyond 25 Stores : Leading Indian jewellery entity P. N. Gadgil and Sons Limited is ambitious to launch 15 stores at 15 sites in and around Maharashtra and conclude FY2019 with 29 stores and FY2020 with 40. It currently has 23 outlets in Maharashtra, 1 in Gujarat and 1 in Karnataka and manages and operates all of them. Its store count in Maharashtra positions it at No.2. The close to Rs. 256 crore investment aligned for this expansion will be derived from the net proceeds of its Rs. 500 crore IPO. P. N. Gadgil and Sons Thinks Beyond 25 Stores Leading P. N. Gadgil and Sons Thinks Beyond 25 Stores are a mix bag of sizes. The current total built up area is over 1,000 to 2,200 sq. ft. across three zones - Pune-zone, Nashik-zone and Solapur-zone. Its 11 large stores are above 3,500 sq. ft. of built up area. Two stores with 6,000 sq. ft. of built up area and capex of Rs. 5.3 crore per store are planned Its six mid-sized stores are between 2,200 sq. ft. to 3,500 sq. ft. of built up area and some stores of 2,850 sq. ft. of built up area and capex of Rs. 1.81 crore per store will open in Pune suburbs and Badlapur/ Dombivali. Nine stores of 1,600 sq. ft. of built up area will entail a capex of Rs. 1.12 crore per store. Smaller ones with capex of Rs. 1.12 crore per store will be in Shirdi and Phaltan. Expenses towards repayment/ prepayments and corporate needs will be met with Rs. 112 crore. Stock at the new stores is planned to be at an average of what is at the current 25 stores (Rs. 381.999 crore with each store holding around Rs. 15.28 crore worth of stock) entailing an estimated total cost of Rs. 229.2 crore. P. N. Gadgil and Sons Thinks Beyond 25 Stores P N Gadgil and Sons Thinks Beyond 25 Stores Limited is conscious on quality, and sells gold jewellery with BIS hallmarking and for up to 22 karats and IGI certified diamond jewellery and GIA certified loose diamonds. Quality is adhered also in manufacturing and designing processes. The product portfolio is sensitive to customer centric demands with concepts like ‘Light Weight Beauty’, ‘Love again and again’ for diamond lovers, ‘Saptapadi Bridal’ jewellery, the ‘Lantern Collection’ meant for the spiritual; hearted. HDFC Bank Limited and YES Securities (India) Limited are the Book Running Lead Managers (“BRLMs”) for the company and the Equity Shares are offered with the Red Herring Prospectus The shares are proposed for being listed on the stock exchanges both BSE and NSE. P.N. Gadgil and Sons Thinks Beyond 25 Stores Fiscal 2014 to fiscal 2018 saw total revenue rise at CAGR of 12.20 percent (Rs. 1159.19 crore to Rs. 1,836.752 crore, respectively). EBITDA rose at a CAGR of 18.76 percent from Rs. 57.238 crore to Rs. 113.87 crore and PAT was up at a CAGR of 24.84 percent from Rs. 23.697 crore to Rs. 57.558 crore. P.N. Gadgil and Sons Thinks Beyond 25 Store Limited has an online sales channel at www.onlinepng.com.

Tag: jewellery with BIS hallmarking

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