Early this May, Pune based PN Gadgil & Sons had filed its DRHP (Draft Red Herring Prospectus). As per the prospectus, the fresh issue of shares is worth Rs 500 Cr. PN Gadgil & Sons is one of the oldest jewellery houses in Maharashtra known for having loyal clientele over the years.

One of the biggest jewellery firms to go public was PC Jeweller whose transaction was worth Rs 609 Cr in December 2012.

Tanishq is also a market leader whose total market share is worth Rs 85,100. Warburg Pincus funded Kalyan Jewellers had also made an announcement about going public but the exact date is yet to be declared.

The IPO of PN Gadgil & Sons is being managed by merchant banks HDFC Bank and Yes Securities (India).