PNGS Reva Diamond Jewellery IPO
PNGS Reva Diamond Jewellery IPO
Overview
PNGS Reva Diamond Jewellery IPO is a book build issue of ₹380.00 crores. The issue is entirely a fresh issue of 0.98 crore shares of ₹380.00 crore. PNGS Reva Diamond Jewellery IPO opens for subscription on Feb 24, 2026 and closes on Feb 26, 2026. The allotment for the PNGS Reva Diamond Jewellery IPO is expected to be finalized on Feb 27, 2026. PNGS Reva Diamond Jewellery IPO will list on BSE, NSE with a tentative listing date fixed as Mar 4, 2026. PNGS Reva Diamond Jewellery IPO price band is set at ₹367 to ₹386 per share. The lot size for an application is 32. The minimum amount of investment required by an retail is ₹12,352 (32 shares) (based on upper price). The lot size investment for sNII is 17 lots (544 shares), amounting to ₹2,09,984, and for bNII, it is 81 lots (2,592 shares), amounting to ₹10,00,512. Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Total Shares
98,44,559
Issue Size
₹380 Cr
Price Band
₹367 – ₹386
Lot Size
32 shares
Min. Investment
₹12,352
Max. Investment
₹1,97,632
Open Date
24 Feb, 2026
Close Date
26 Feb, 2026
Allotment
27 Feb, 2026
Listing
04 Mar, 2026
Max. Investment
₹1,97,632
Announced
24 Feb, 2026
Opening Date
24 Feb, 2026
Closing Date
26 Feb, 2026
Basis of Allotment
27 Feb, 2026
Initiation of Refunds
02 Mar, 2026
Credit of Shares
02 Mar, 2026
Listing Date
04 Mar, 2026
Live GMP
Est. Listing: ₹385
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About PNGS Reva Diamond Jewellery IPO
Incorporated in 2004, PNGS Reva Diamond Jewellery is engaged in the jewellery business. The company offers different types of jewellery made using diamonds and precious and semi-precious stones, which are studded into precious metals such as gold and platinum. All products are offered under the brand name, \Reva\.
The company offers a wide range of products, including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains to cater to di
PNGS Reva Diamond Jewellery IPO Share Price
Issue Breakdown
Shareholding
Dilution: 45.0% increase in shares
PNGS Reva Diamond Jewellery IPO Financial Health
PNGS Reva Diamond Jewellery IPO Lot Size
Investors can bid for a minimum of 32 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹12,352 |
| Retail (Max) | 16 | 512 | ₹1,97,632 |
| S-HNI (Min) | 17 | 544 | ₹2,09,984 |
| S-HNI (Max) | 80 | 2560 | ₹9,88,160 |
| B-HNI (Min) | 81 | 2592 | ₹10,00,512 |
(All values in CR)
PNGS Reva Diamond Jewellery IPO Valuations
| Metric | Value |
|---|---|
| ROE | 18.3 |
| ROCE | 25.2 |
| Debt/Equity | 1.10 |
| RoNW | 16.73 |
| PAT Margin | 12.85 |
| EBITDA Margin | 19.65 |
(All values in CR)
PNGS Reva Diamond Jewellery IPO Strength & Risk
PNGS Reva Diamond Jewellery IPO — Strengths:
Branded diamond jewellery player focused on the organised retail segment
Benefits from promoter group legacy and established customer trust
Presence in a category with steady cultural and wedding-driven demand
Focus on design, branding and premium positioning
IPO proceeds aimed at store expansion and brand building to support growth
PNGS Reva Diamond Jewellery IPO — Risks:
Profitability sensitive to gold and diamond price fluctuations
Highly competitive jewellery market with many organised and unorganised players
Store expansion plans carry execution and cost-management risks
Demand can be affected by economic slowdowns and discretionary spending trends
Brand appeal must keep pace with changing consumer tastes and designs
PNGS Reva Diamond Jewellery IPO Subscriptions Status
PNGS Reva Diamond Jewellery IPO subscribed 1.30 times. The public issue subscribed 1.37 times in the retail category, 1.10 times in QIB (Ex Anchor), and 1.62 times in the NII category by February 26, 2026 6:49:33 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 44,19,200 | 44,19,200 | 170.581 |
| QIB (Ex Anchor) | 1.10 | 29,56,719 | 32,42,304 | 125.153 |
| NII | 1.62 | 14,75,184 | 23,88,224 | 92.185 |
| bNII (> ₹10L) | 1.71 | 9,83,456 | 16,77,887 | 64.766 |
| sNII (< ₹10L) | 1.44 | 4,91,728 | 7,10,336 | 27.419 |
| Retail | 1.37 | 9,83,456 | 13,42,592 | 51.824 |
| Employees | 7.08 | 10,000 | 70,848 | 2.735 |
| Total | 1.30 | 54,25,359 | 70,43,968 | 271.897 |
PNGS Reva Diamond Jewellery IPO GMP
The GMP for PNGS Reva Diamond Jewellery IPO shows the discounted price. The cap price for PNGS Reva Diamond Jewellery IPO is 386.00.The estimated listing price for PNGS Reva Diamond Jewellery IPO at the current GMP is ₹385. The lowest GMP is ₹-1.00, while the highest GMP is ₹21.00.
Last updated 26 Feb, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 26 Feb, 2026 | 20 | ₹-1 | - | ₹385 (-0.26%) | 32 | 26 Feb, 2026 |
| 25 Feb, 2026 | 20 | ₹-1▼ | - | ₹385 (-0.26%) | 32 | 25 Feb, 2026 |
| 24 Feb, 2026 | 20 | ₹1.5▼ | - | ₹387.5 (0.39%) | 48 | 24 Feb, 2026 |
| 23 Feb, 2026 | 20 | ₹9▼ | 200/3400 | ₹395 (2.33%) | 288 | 23 Feb, 2026 |
| 22 Feb, 2026 | 20 | ₹17 | 400/6800 | ₹403 (4.40%) | 544 | 22 Feb, 2026 |
| 21 Feb, 2026 | 20 | ₹17▲ | 400/6800 | ₹403 (4.40%) | 544 | 21 Feb, 2026 |
| 20 Feb, 2026 | 20 | ₹16▼ | 400/6800 | ₹402 (4.15%) | 512 | 20 Feb, 2026 |
| 19 Feb, 2026 | 20 | ₹18▼ | 400/6800 | ₹404 (4.66%) | 576 | 19 Feb, 2026 |
| 18 Feb, 2026 | 20 | ₹21▲ | 500/8500 | ₹407 (5.44%) | 672 | 18 Feb, 2026 |
| 17 Feb, 2026 | 20 | ₹18▼ | 400/6800 | ₹404 (4.66%) | 576 | 17 Feb, 2026 |
| 16 Feb, 2026 | 20 | ₹20 | 500/8500 | ₹406 (5.18%) | 640 | 16 Feb, 2026 |
| 15 Feb, 2026 | 20 | ₹20 | 500/8500 | ₹406 (5.18%) | 640 | 15 Feb, 2026 |
| 14 Feb, 2026 | 20 | ₹20 | 500/8500 | ₹406 (5.18%) | 640 | 14 Feb, 2026 |
| 13 Feb, 2026 | 20 | ₹20 | 500/8500 | ₹406 (5.18%) | 640 | 13 Feb, 2026 |
| 12 Feb, 2026 | 20 | ₹20 | - | ₹20 (0.00%) | - | 12 Feb, 2026 |
| 11 Feb, 2026 | 20 | ₹20 | - | ₹20 (0.00%) | - | 11 Feb, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for PNGS Reva Diamond Jewellery IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find PNGS Reva Diamond Jewellery IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.