The upcoming initial public offering(IPO) is-
PNGS Gargi Fashion Jewellery Limited-
PNGS Gargi Fashion Jewellery Limited is engaged in the retail business of costume and fashion jewellery, launched in 2021 under the artificial jewellery segment. It deals in 92.5% certified sterling silver and brass jewellery, idols and other silverware and related gift items. It offers products under the artificial jewellery segment for occasions like weddings and festivals, to daily wear jewellery for all ages. The products of the company include earrings, necklaces, chains, finger rings, bracelets, anklets, nose pins, mangal sutra, pendant sets, bangles in brass or silver for females; and male accessories like rings, cufflinks, button set that caters to the customers’ taste and preferences. The portfolio of the company consists of a variety of traditional, indo-western and modern designs and jewellery.
PNGS Gargi Fashion jewellery limited sources finished jewellery from third-party manufacturing vendors located across India which includes jewellery made of silver and brass. It also outsources the work of making costume jewellery to the artisans with whom it has developed strong relationships. The company offers a variety of costume jewellery which is designed and manufactured in-house in close collaboration with skilled craftsmen across the country. In addition to selling products at the POS counters, the company also sells its products through its online platform www.gargi.shop which is mainly for younger and more digitally savvy customers and is delivered to their homes.
The promoters of the company are Mr Govind Vishwanath Gadgil and Mrs Renu Govind Gadgil. The objectives of the offer are to meet the working capital requirements and general corporate purpose. Listing would enhance the visibility and brand image of the company.
The company had revenues of Rs 0.63 lakh with a profit of 0.35 lakhs (Year ended March 31, 2021) and revenues of Rs. 5.93 crores with a profit of Rs. 1.11 crore (Year ended March 31, 2022).
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