PNGS Reva Diamond Jewellery IPO, a mainboard issue, will raise ₹380.00 crore fresh capital through 98,44,559 Equity Shares, at face value ₹10/share, through book-building.
PNGS Reva Diamond Jewellery IPO starts the bid period on 24 February 2026 and ends on 26 February 2026. PNGS Reva Diamond Jewellery Limited has finalised to allot the IPO shares on 27 February 2026 and list on BSE and NSE, as of 4 March 2026.
PNGS Reva Diamond Jewellery IPO shares’ price band is fixed at ₹367/share – ₹386/share. The lot size for the IPO is 32 shares/lot, which brings the minimum retail investment to ₹12,352 (at the upper price band).
PNGS Reva Diamond Jewellery IPO: Details
| IPO Open On | 24 February 2026 |
| IPO Close On | 26 February 2026 |
| Face value | ₹10/share |
| Price Band | ₹367/share–₹386/share |
| IPO Lot Size | 32 shares |
| Offer for sale | – |
| Fresh issue | 98,44,559 Equity Shares (₹380.00 crore) |
| Issue Type | Book-built |
| Listing | BSE & NSE |
| Total Issue Size (₹ Crore) | ₹380.00 crore (98,44,559 Equity Shares) |
| Minimum Retail Investment | ₹12,352 |
PNGS Reva Diamond Jewellery IPO Timeline
| Bid Opening Date | 24 February 2026 |
| Bid Closing Date | 26 February 2026 |
| Allotment | 27 February 2026 |
| Refunds Initiated | 2 March 2026 |
| Share Credit Date | 2 March 2026 |
| Listing Date | 4 March 2026 |
| UPI mandate Cut-off time | 26 February 2026 (5 PM) |
PNGS Reva Diamond Jewellery Key Performance Indicators (KPIs)
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 34.08 | 52.09 | 149.14 |
| ROCE (%) | 60 | -201.9 | 79.8 |
| Debt-Equity Ratio (in times) | 0.37 | – | – |
| RoNW (%) | 59.36 | -148.84 | -99.48 |
| PAT Margin (%) | 23.04 | 21.68 | 26.02 |
| EBITDA Margin (%) | 30.83 | 28.7 | 34.56 |
PNGS Reva Diamond Jewellery Limited: Financial Information
| 2025 (in ₹ crore) | 2024 (in ₹ crore) | 2023 (in ₹ crore) | |
| Revenue | 258.18 | 195.63 | 198.85 |
| Assets | 226.84 | 158.33 | 123.93 |
| Profit After Tax | 59.47 | 42.41 | 51.75 |
Subscription Status: PNGS Reva Diamond Jewellery IPO
PNGS Reva Diamond Jewellery IPO subscription details will be available after the bidding starts.
Subscription starts at 10:00 AM and remains open until 5:00 PM on the designated issue dates.
PNGS Reva Diamond Jewellery IPO GMP
The PNGS Reva Diamond Jewellery IPO GMP, as of 16 February 2026, is ₹35. The listing price is estimated at around ₹421, which is above the upper price band. This takes the expected profit to 9.07%.
The recent trend reflects a steady upward movement in the premium. Check here for the latest information!
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 16 February 2026 | ₹35 | ₹421 | ₹1,120 (9.07%) | ⬆️Increasing |
| 15 February 2026 | ₹20 | ₹406 | ₹640 (5.18%) | ⬆️Increasing |
| 14 February 2026 | ₹20 | ₹406 | ₹640 (5.18%) | ⬆️Increasing |
| 13 February 2026 | ₹20 | ₹406 | ₹640 (5.18%) | ⬆️Increasing |
Note: GMP figures remain unofficial and may vary with shifts in market sentiment, trading activity, and subscription demand.
PNGS Reva Diamond Jewellery IPO Reservation
Check how the PNGS Reva Diamond Jewellery IPO shares are reserved for different investor categories!
| Category | Shares offered |
| QIBs | Min 75% |
| Retail Investors | Max 10% |
| NII shares offered (HNI) | Max 15% |
| Total | 100% |
Lot Size for the PNGS Reva Diamond Jewellery IPO
Applicants are required to place bids for a minimum of 32 shares, with further applications permitted in multiples of this quantity.
| Application | Lot Size | Shares | Amount(in ₹) |
| Retail Investors Minimum Application | 1 | 32 | ₹12,352 |
| Retail Investors Maximum Application | 16 | 512 | ₹1,97,632 |
| S-HNI Minimum Application | 17 | 544 | ₹2,09,984 |
| S-HNI Maximum Application | 80 | 2,560 | ₹9,88,160 |
| B-HNI Minimum Application | 81 | 2,592 | ₹10,00,512 |
Anchor Investors Details for the PNGS Reva Diamond Jewellery IPO
| Bidding Opens On | 23 February 2026 |
| Shares to be Offered | – |
| Issue Size | – |
| 30 days expiry date for lock-in(50% shares) | 29 March 2026 |
| 90 days expiry date for lock-in(Remaining shares) | 28 May 2026 |
PNGS Reva Diamond Jewellery IPO Prospectus
About PNGS Reva Diamond Jewellery Limited
PNGS Reva Diamond Jewellery Limited, incorporated on 26 July 2004, is operating under the guidance of the company’s Chairman and non-executive director Govind Vishwanath Gadgil.
The company operates as a retail jewellery enterprise engaged in the sale of an extensive assortment of diamond jewellery and ornaments set with precious and semi-precious stones, mounted in precious metals, mostly gold and platinum. In addition, the company also offers platinum jewellery.
| Book Running Lead Managers (BRLM) | Smart Horizon Capital Advisors Pvt Ltd |
| IPO Registrar | Bigshare Services Pvt Ltd |
Objectives of PNGS Reva Diamond Jewellery
| Particulars | Amount (in ₹ crore) |
| Expenditure towards setting-up new stores | 286.56 |
| Marketing and promotional expenses | 35.40 |
| Corporate requirements | – |
Strengths Of PNGS Reva Diamond Jewellery
- Brand legacy & market credibility: The established value of the ‘Reva’ brand, supported by promoter legacy and industry relationships, reinforces market presence, customer confidence, and operational resilience.
- Experienced leadership & governance: The company’s accomplished Board, with over four decades of industry experience, strengthens strategic decision-making and long-term value creation.
- Regional presence in western India: The company maintains stores in different tier cities, across Maharashtra, Gujarat, and Karnataka, which strengthens operational coordination and cultivates sustained customer confidence within these markets.
- Wide product range and pricing strategy: The company’s wide product portfolio across categories and price segments enables responsiveness to evolving consumer preferences and changing jewellery design trends.
Risks of PNGS Reva Diamond Jewellery
- Geographical revenue concentration risk: The company generates a substantial share of revenue from stores in Maharashtra, which makes financial performance vulnerable to regional developments or localized disruptions.
- Brand dependence risk: The company’s performance is closely linked to the reputation and recognition of its brand, Reva, and any decline in brand perception may materially affect revenues and profitability.
- Inflation & margin pressure risk: If the domestic inflation rises, it may limit the company’s ability to proportionately revise product prices, thereby compressing operating margins.
- Exposure to global economic conditions: The fluctuations in international economic stability may influence the company’s demand patterns and financial outcomes, potentially affecting overall business performance and results.
PNGS Reva Diamond Jewellery IPO Review
The PNGS Reva Diamond Jewellery IPO represents a retail-oriented jewellery company that reflects measurable improvement in financial performance. However, a major portion of its revenue is derived from Maharashtra, which increases regional risk. The company’s performance is also closely linked to the strength of its brand. The IPO’s GMP trends suggest positive sentiment, but long-term outcomes will depend on effective expansion and stable consumer demand.
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PNGS Reva Diamond Jewellery IPO FAQs
The PNGS Reva Diamond Jewellery IPO is a book-built mainboard issue aiming to raise ₹380.00 crore through a fresh issue of 98,44,559 equity shares. The price band is fixed between ₹367 and ₹386 per share.
Investors can apply for the PNGS Reva Diamond Jewellery IPO through ASBA via their bank account or through a registered broker using UPI. Applications must be placed within the bidding window and in multiples of the prescribed lot size.
PNGS Reva Diamond Jewellery Limited shows improving revenue, healthy margins, and strong return ratios. However, geographical concentration and brand dependence are notable risks. Investment suitability depends on risk appetite and investment horizon.
Based on the latest GMP of ₹35, the PNGS Reva Diamond Jewellery IPO, with an estimated listing price of ₹421, indicates a potential gain of approximately 9.07% over the upper price band, subject to market conditions.
The PNGS Reva Diamond Jewellery IPO opens for subscription on 24 February 2026 and closes on 26 February 2026. The bidding remains available from 10:00 AM to 5:00 PM on the issue dates.
The PNGS Reva Diamond Jewellery IPO lot size is 32 shares. At the upper price band of ₹386 per share, the minimum retail investment amounts to ₹12,352.
The PNGS Reva Diamond Jewellery IPO allotment is scheduled to be finalised on 27 February 2026. Refunds and share credit are expected on 2 March 2026.
The shares of PNGS Reva Diamond Jewellery are proposed to be listed on BSE and NSE on 4 March 2026, subject to regulatory approvals and completion of formalities.
