P N GADGIL JEWELLERS LIMITED INITIAL PUBLIC OFFERING TO OPEN ON SEPTEMBER 10, 2024

• Price Band fixed at ₹ 456 per equity share to ₹ 480 per Equity Share of face value of ₹10 each of P N Gadgil Jewellers Limited (“Equity Shares”)
• Anchor Investor Bidding Date: Monday, September 09, 2024
• Bid /Offer Opening Date: Tuesday, September 10, 2024
• Bid/Offer Closing Date: Thursday, September 12, 2024
• Bids can be made for a minimum of 31 Equity Shares and in multiples of 31 Equity Shares thereafter
• The Floor Price is 46.60 times and the Cap Price is 48 times the face value of the Equity Shares.

IPO Details and Timeline

P N GADGIL JEWELLERS LIMITED (the “Company”) proposes to open its initial public offering (“Offer”) on Tuesday, September 10, 2024. Bid/Offer Closing Date will be Thursday, September 12, 2024. Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, that is, Monday, September 09, 2024.

Price Band and Equity Shares

The Price Band of the Offer has been fixed from ₹456 per Equity Share to ₹480 per Equity Share. Bids can be made for a minimum of 31 Equity Shares and in multiples of 31 Equity Shares thereafter.

Offer Size and Structure

The Company’s initial public offering comprises a fresh issue of equity shares of face value of ₹ 10 each aggregating up to ₹ 8,500 million and an offer for sale of equity shares of face value of ₹ 10 each aggregating up to ₹ 2,500 million. The total offer size comprises of equity shares of face value of ₹ 10 each aggregating up to ₹ 11,000 million. The offer for sale comprises of equity shares of face value of ₹ 10 each aggregating up to ₹ 2,500 million by SVG Business Trust (Promoter Selling Shareholder).

Utilization of Funds

The funds raised through the IPO are proposed to be utilized for:

• The funding of expenditure towards setting-up of 12 new stores in Maharashtra;
• Repayment or pre-payment, in full or part, of certain borrowings availed by the Company; and
• General corporate purposes.

Offer Process and Regulations

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations.

Allocation of Offer

• Not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”).
• The Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the “Anchor Investor Portion”).
• One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids received.
• In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion.
• 5% of the Net QIB Portion shall be available for allocation to Mutual Funds only, and the remainder shall be available to all QIBs, including Mutual Funds.
• Not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders.
• Not less than 35% of the Offer shall be available for allocation to the Retail Individual Portion.

Participation Mechanism

All Bidders (except Anchor Investors) shall mandatorily participate in the Offer only through the Application Supported by Blocked Amount (“ASBA”) process and provide details of their respective bank accounts.

Listing on BSE and NSE

The Equity Shares being offered are proposed to be listed on BSE and NSE. The Company has received in-principle approvals from BSE and NSE for listing of the Equity Shares pursuant to their letters each dated July 3, 2024.

Book Running Lead Managers

Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), and BOB Capital Markets Limited are the book running lead managers (“BRLMs”) to the Offer.