PNGS Reva Diamond Jewellery Limited IPO

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Gems, Jewellery And Watches

Listed On: Mar 4, 2026 at ₹ 375.0(NSE)

₹ 12352 /32 Shares

Check Allotment

24 Feb, 2026

Open Date

26 Feb, 2026

Close Date

27 Feb, 2026

Allotment Date

04 Mar, 2026

Listing Date

Price Summary

Last Closing

395.00 (2.33%)

52 Week High

433.00

52 Week Low

360.00

Last Update

12-Mar-2026 3:30 PM

Expected Premium

₹ -14 - -15 (-4%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

PNGS Reva Diamond Jewellery IPO Live Subscription Details

View Subscription Details

QIB 1.10x

Retail 1.35x

NIIs 1.62x

BHNI 1.71x

SHNI 1.44x

Retail 1.35x

EMP 7.08x

Total 1.30x

Last updated: 26 Feb 2026, 05:57 PM

PNGS Reva Diamond Jewellery IPO Issue Details

Issue Price ₹367-386 per equity share
Face Value ₹10 Per Equity Share
Total Issue Size 98,44,560 shares(aggregating up to ₹380 crore)
Fresh Share 98,44,560 shares(aggregating up to ₹380 crore)
Listing at BSE, NSE
List Price 375.0(NSE)
Listing Date 2026-03-04
Lead Manager Smart Horizon Capital Advisors Pvt.Ltd
Registrar Bigshare Services Pvt.Ltd

Market Lot Size

Investors can bid for a minimum of 32 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	32	₹12,352
Retail(max)	16	512	₹1,97,632
SHNI(min)	17	544	₹2,09,984
SHNI(max)	80	2,560	₹9,88,160
BHNI(min)	81	2,592	₹10,00,512

PNGS Reva Diamond Jewellery IPO Reservation

PNGS Reva Diamond Jewellery IPO offers total 9834560 shares. Out of which 2956719 (30.06%) allocated to QIB, 1475184 (15%) allocated to NII,983456 (35%) allocated to RII, 10000 (0.1%) allocated to employees and 4419200 (44.94%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	4419200 (44.94%)
QIB Shares Offered	2956719 (30.06%)
NII (HNI) Shares Offered	1475184 (15%)
bNII > ₹10L	983456 (10%)
sNII < ₹10L	491728 (5%)
Retail Shares Offered	983456 (35%)
Employee Shares Offered	10000 (0.1%)
Total Shares Offered	9834560 (100%)

PNGS Reva Diamond Jewellery IPO Documents

DRHP

RHP

ANCHOR

PNGS Reva Diamond Jewellery IPO Details

PNGS Reva Diamond Jewellery IPO is a book-built issue of ₹380 crores, The total issue size is ₹380 crores. The IPO of PNGS Reva Diamond Jewellery is priced at ₹367-386 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Feb 24, 2026 and ends on Feb 26, 2026. The allotment for PNGS Reva Diamond Jewellery IPO will be finalized on Feb 27, 2026. PNGS Reva Diamond Jewellery IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 4, 2026. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt.Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 32 shares, extendable to 12,352. S-HNIs will be able to bid for 544 shares at ₹2,09,984, while B-HNIs can also apply for a bid of 2,592 shares at ₹10,00,512. The book-running lead manager for the IPO is/are Smart Horizon Capital Advisors Pvt.Ltd.

The total issue ₹380 crore, comprising a fresh issue of 98,44,560 shares ₹380 crore
The PNGS Reva Diamond Jewellery IPO sets its price band at 367-386 for each share. A single application for PNGS Reva Diamond Jewellery Limited IPO must contain at least 32 shares. Sentiment investors need to invest a minimum of 32 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹12,352 In order to participate in the sNII, investors must purchase at least 17 lots of 544 shares for ₹2,09,984, while the bNII requires 81 lots of 2,592 shares for an investment of ₹10,00,512.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	29,56,719	14,75,184 9,83,456 4,91,728	9,83,456	54,25,359
Day 1 24-02-26 05:00 PM	0.96 x	0.07 x 0.06 x 0.10 x	0.40 x	0.63 x
Day 2 25-02-26 05:00 PM	1.01 x	0.69 x 0.86 x 0.33 x	0.70 x	0.87 x
Day 3 26-02-26 05:00 PM	1.10 x	1.62 x 1.71 x 1.44 x	1.35 x	1.30 x

Total No of Applications

34,511

Subscription on the basis of Applications

Retail:1.03x BHNI:0.14x SHNI:1.35x

PNGS Reva Diamond Jewellery Valuations

EPS Pre IPO ₹35.21/-

EPS Post IPO ₹/-

P/E Pre IPO 10.96

ROE 165.9%

ROCE 79.8%

Debt/Equity 0.90

RoNW 59.36%

PAT Margin 23.04%

Price to Book Value 8.42

Market Cap. 1,224.04 Cr.

PNGS Reva Diamond Jewellery Company Financials

In Crs.

In Cr.

	30-Sep-25	31-Mar-25	31-Mar-24	31-Mar-23
Assets	352.70	226.84	158.33	123.93
Revenue	157.12	259.11	196.24	199.35
Profit After Tax	20.13	59.81	42.40	51.75
Net Worth	120.31	100.19	-28.50	-52.02
Reserves & Surplus	98.44	95.33	-37.64	-60.74
Total Borrowing	130.25	90.65	N/A	N/A

About PNGS Reva Diamond Jewellery Company

Incorporated in 2004, PNGS, an abbreviation for P N Gadgil & Sons is a jewellery business.
Company focused jewellery brand dealing in the business of sale of varied variety of jewellery prepared by using diamond and precious and semi-precious stones which are studded in precious metals including gold and platinum.
All products are available under the brand name: 'Reva'.

The wide range of products offered by the company also includes rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutras, nosepins, and chains, etc., which cater to various kinds of customers and their needs. The company has offered 13 different kinds of jewelry collections till September 30, 2025, which include their own design team as well as third-party design teams.
It had, as on Feb 2026, 34 stores across 25 cities in the states of Maharashtra, Gujarat, and Karnataka.

PNGS Reva Diamond Jewellery - Promoter(s)

P.N. Gadgil & Sons Limited

Govind Vishwanath Gadgil

Renu Govind Gadgil

Pre Issue Share Holding : 87.45%

Post Issue Share Holding : 60.31%

PNGS Reva Diamond Jewellery IPO - Issue Objectives

Funding expenditure towards setting-up of 15 New Stores - ₹286.56 Cr

Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of our flagship brand, 'Reva', in their respective areas - ₹35.40 Cr

General corporate purposes

PNGS Reva Diamond Jewellery IPO - Anchor Investors

Reva Diamonds mobilises Rs 171 crore from 16 anchor investors, Rs 380-crore IPO.

Tata India Consumer Fund is the largest investor among them, buying 10.36 lakh shares of Reva Diamonds for Rs 40 crore, followed by Tiger Strategies Fund, and SageOne Flagship Growth Fund, which acquired 6.21 lakh shares, and 5.18 lakh shares of the company for Rs 24 crore, and Rs 20 crore, respectively.
Out of the total allocation to anchor investors, 11.91 lakh shares were allocated to 2 domestic mutual funds - Tata Mutual Fund, and Groww Mutual Fund.
Citigroup Global, Societe Generale, K-Three Alternative Investment Trust Fund, Innovative Vision Fund, Visionary Value Fund, and Astrone Capital were also part in the anchor book.

PNGS Reva Diamond Jewellery IPO - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Revenue(in Cr.)
PNGS Reva Diamond	N/A	N/A	59.36%	258
Tribhovandas Bhimji Zaveri	1.64	15.74	10.41%	2620
Thangamayil Jewellery	8.72	80.9	10.77%	4910
Senco Gold	2.77	33.0	8.09%	6328

Strength

Strong legacy brand value through the presence of a group of established promoters.

Experienced leadership team with expertise in retail, jewellery, finance, and operations.

Regional leadership in Western India, especially in Tier-1, Tier-2, and Tier-3 cities, generating brand loyalty at the local level.

Weakness

Risk of high geographic concentration risk with circa ~97% of revenue generation from Maharashtra.

Brand dependency risk, as business success is linked to how the 'Reva' brand is perceived in the market.

Promoter brand reliance, where damage to the corporate promoter’s brand would affect footfall to the store and revenue generated.

Contact Details

PNGS Reva Diamond Jewellery

Abhiruchi Mall, 59/1 C, Sinhgad Road, Wadgaon Budruk, Pune, Maharashtra, 411041

+91 020-29980704

investor@revabypng.com

https://www.revabypng.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html

PNGS Reva Diamond Jewellery IPO - FAQs

Ans. PNGS Reva Diamond Jewellery Limited IPO is a Mainboard IPO. The issue is priced at ₹367-386 per equity share. The minimum order quantity is 32 Shares. The IPO opens on Feb 24, 2026, and closes on Feb 26, 2026. Bigshare Services Pvt.Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The PNGS Reva Diamond Jewellery Limited IPO opens on Feb 24, 2026 and closes on Feb 26, 2026.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of PNGS Reva Diamond Jewellery Limited IPO is 98,44,560 shares aggregating up to ₹380 Cr..

Ans. The PNGS Reva Diamond Jewellery Limited IPO price band is set between ₹367-386 per equity share.

Ans. To apply for PNGS Reva Diamond Jewellery Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find PNGS Reva Diamond Jewellery Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of PNGS Reva Diamond Jewellery Limited IPO is Feb 27, 2026.

Ans. The PNGS Reva Diamond Jewellery Limited IPO will be listed on Mar 4, 2026.

Ans. Follow the steps to check the PNGS Reva Diamond Jewellery Limited IPO allotment status online.