P N Gadgil Jewellers launches QIP at Rs 640.69 floor price
The jewellery retailer has opened a qualified institutional placement with a floor price of Rs 640.69 per share and may offer up to a 5% discount, following strong Q1 growth in revenue, profit and margins.
Indian jewellery retailer P N Gadgil Jewellers launched a QIP with a Rs 640.69 floor price and potential 5% discount. The capital raise follows strong Q1 FY2026-27 performance, with profit up 52%, revenue up 40.7% and EBITDA margin expansion.
Why this matters
The QIP follows P N Gadgil’s reported Q4 profit jump of 46% to ₹90 crore and FY26 revenue above ₹10,000 crore, after PNG Jewellers’ Q4 revenue tripled to ₹3,544 crore while EBITDA margin contracted 217 bps.
Retail-company signals are accelerating, up 254540% quarter over quarter.