PNGS Gargi Fashion Jewellery lists on BSE's SME platform

By

Isabelle Crossley

Published
Dec 21, 2022

On December 20, PNGS Gargi Fashion Jewellery Limited has listed on the Bombay Stock Exchange’s small and medium enterprise platform as the 409th company to do so. The business had completed its public issue on December 13.

PNGS Gargi Fashion Jewellery’s initial public offering of featured 2,600,000 equity shares at Rs 10 each for an offer price of Rs 30 per share, the business announced in a press release on December 20. The business’ IPO aggregated to Rs 7.8 crore and the lead manager for its BSE SME listing was Maharashtra-based Shreni Shares Private Limited. 
 
The Maharashtra-based company’s registered office is located in Pune. PNGS Gargi Fashion Jewellery specialises in earrings, necklaces, pendants, chains, finger rings, bracelets, anklets, nose pins, mangal sutra, pendant sets, and bangles among others in materials including brass and silver. Targeting a predominantly female audience, the brand offers designs for both every day and occasion wear. 

The BSE launched its SME platform to enable small businesses to grow. As of December 19 this year, the companies listed on the BSE SME platform have raised Rs 4,502 crore from the market. The total market capitalisation of the 408 companies which were registered on the platform as of December 19 was Rs 65,000 crore.