P. N. Gadgil Jewellers - Wikipedia - Recent changes [en]

=== Formal separation and IPO (2012–present) ===

=== Formal separation and IPO (2012–present) ===

The two branches were formally separated in 2012, with the Pune branch operating as P. N. Gadgil & Company.<ref name=":3">{{cite book |title=Bulletin of the Institution of Engineers (India). |date=1979 |publisher=[[Institution of Engineers (India)]] |location=[[University of Illinois at Urbana-Champaign]] |page=13 |language=en |quote=P N Gadgil & Co, Jewellers of Poona}}</ref> Dajikaka Gadgil died in 2014, and few stores of Pune branch of the company was inherited by his son and grandson, Saurabh V. Gadgil<ref name="et3">{{cite news |date=26 February 2021 |title=PNG & Sons: A gem among luxury jewellers |url=https://economictimes.indiatimes.com/magazines/panache/png-sons-a-gem-among-luxury-jewellers/articleshow/81221157.cms |work=[[The Economic Times]] |language=en}}</ref><ref>{{cite news |date=11 January 2014 |title=P N Gadgil Jewellers founder 'Dajikaka' dead |url=https://indianexpress.com/article/cities/pune/p-n-gadgil-jewellers-founder-dajikaka-dead/ |work=[[The Indian Express]] |language=en |quote=Three founders of the P N Gadgil Jewellers are dead. others branches are owned by Akshay and Rohan, grandsons of Laxman and Ajit, son of Vishwanath.}}</ref><ref>{{cite book |last1=Pahwa |first1=Saloni |title=Haute Brides & Honeymoons |date=January 2016 |publisher=Pioneer Book Co. Pvt. Ltd. |page=71 |language=en}}</ref> who joined the business in 2000 after completing his MBA and currently serves as the chairman and managing director of PNG Jewellers. Under his leadership, the company transitioned from a family-run business to a corporate entity.<ref name="bw2024">{{Cite news |last=Palepu |first=Advait |date=17 October 2024 |title=Jeweler Becomes Billionaire After 192-Year-Old Indian Firm's IPO |url=https://www.bloomberg.com/news/articles/2024-10-17/heir-to-192-year-old-indian-jewelry-empire-becomes-billionaire |publisher=Bloomberg News}}</ref>

In 2012, the Pune and Sangli branches formally separated, with the Pune operations continuing under the name P. N. Gadgil & Company.<ref name=":3" /> After Anant Gadgil's death in 2014, his son and grandson, including Saurabh Gadgil, inherited a portion of the business.<ref>{{cite news |date=11 January 2014 |title=P N Gadgil Jewellers founder 'Dajikaka' dead |url=https://indianexpress.com/article/cities/pune/p-n-gadgil-jewellers-founder-dajikaka-dead/ |work=[[The Indian Express]] |language=en |quote=Three founders of the P N Gadgil Jewellers are dead. others branches are owned by Akshay and Rohan, grandsons of Laxman and Ajit, son of Vishwanath.}}</ref><ref>{{cite book |last1=Pahwa |first1=Saloni |title=Haute Brides & Honeymoons |date=January 2016 |publisher=Pioneer Book Co. Pvt. Ltd. |page=71 |language=en}}</ref> Saurabh Gadgil, who had joined the company in 2000, later became its chairman and managing director. During his tenure, the company was restructured as a corporate entity.<ref name="bw2024" /> In September 2024, the company held an [[Initial public offering|IPO]] that raised approximately ₹1,100 crore. It was subsequently listed on the [[Bombay Stock Exchange]] and the [[National Stock Exchange of India|National Stock Exchange]].<ref>{{Cite web |title=PN Gadgil Jewellers IPO: What GMP signals ahead of share listing date |url=https://www.livemint.com/market/ipo/pn-gadgil-jewellers-ipo-what-gmp-signals-ahead-of-share-listing-date-11726478817052.html}}</ref><ref>{{Cite web |title=PN Gadgil Jewellers IPO listing date today. GMP, experts indicate strong debut of shares on BSE, NSE |url=https://www.livemint.com/market/ipo/pn-gadgil-jewellers-ipo-listing-date-today-gmp-experts-indicate-strong-debut-of-shares-on-bse-nse-11726539144080.html |website=Live Mint}}</ref> Following the IPO, the Gadgil family retained a majority ownership stake in the firm.<ref name="bw2024" />

In September 2024, the company launched its [[initial public offering]] (IPO) with a total issue size of ₹1,100 crore (US$130 million) and was subsequently listed on the [[Bombay Stock Exchange]] (BSE) and the [[National Stock Exchange of India|National Stock Exchange]] (NSE).<ref>{{Cite web |title=PN Gadgil Jewellers IPO: What GMP signals ahead of share listing date |url=https://www.livemint.com/market/ipo/pn-gadgil-jewellers-ipo-what-gmp-signals-ahead-of-share-listing-date-11726478817052.html}}</ref><ref>{{Cite web |title=PN Gadgil Jewellers IPO listing date today. GMP, experts indicate strong debut of shares on BSE, NSE |url=https://www.livemint.com/market/ipo/pn-gadgil-jewellers-ipo-listing-date-today-gmp-experts-indicate-strong-debut-of-shares-on-bse-nse-11726539144080.html |website=Live Mint}}</ref> Following the IPO, the Gadgil family retained an 83% stake in the company.<ref name="bw2024" />

== Operations ==

== Operations ==