Gargi by PNGS Sparkles with ₹109 Cr Fundraise via Preferential Share Issue

Image Source: IPO Watch

PNGS Gargi Fashion Jewellery Ltd has approved a preferential allotment of up to 112,500 equity shares at a premium price of ₹970 per share, aggregating to ₹109.1 million (₹10.91 crore). The move is aimed at strengthening the company’s balance sheet and fueling its next phase of retail and digital expansion.

Issue Details:

Total shares: 112,500
Issue price: ₹970 per share (well above current market price of ~₹893)
Total consideration: ₹10.91 crore
Allotment to be made to select investors on a preferential basis under SEBI regulations

Strategic Use of Funds:

Capital to be deployed for store expansion, inventory enhancement, and digital platform upgrades
Supports FY26 roadmap of launching 12–15 new stores and a dedicated mobile app

Valuation Signal:

The premium pricing reflects strong investor confidence in PNGS Gargi’s brand equity and growth trajectory
The company has delivered 147% YoY revenue growth in FY25, with net profit surging to ₹28.8 crore

Governance & Compliance:

The board has approved the issuance in accordance with Companies Act, 2013 and SEBI ICDR Regulations
Shareholder approval will be sought at the upcoming AGM

This capital infusion not only boosts PNGS Gargi’s war chest but also signals its intent to scale up as a panIndia fashion jewellery powerhouse—blending heritage with highgrowth ambition.

Source: Screener, Moneycontrol, Business Standard