Upcoming IPO: P N Gadgil-promoted Reva Diamond Jewellery files DRHP to SEBI for ?450 crore IPO

P N Gadgil-promoted, Reva Diamond Jewellery has filed its DRHP (Draft Red Herring Prospectus) with the Securities and Exchange Board of India (SEBI) for a ?450 crore IPO on June 17, 2025.?

IPO Structure and Details

• The proposed issue is entirely a fresh issue of ?450 crore with no Offer For Sale component.?
• The issue structure looks like
• Qualified Institutional Investors (QIBs): Not less than 75% of the Net Issue
• Non-Institutional Investors: Not more than 15% of the Net Issue
• Retail Investors: Not more than 10% of the Net Issue
• The equity shares are proposed to be listed on both NSE and BSE.?
• Smart Horizon Capital Advisors is the book-running lead manager, while Bigshare Services Private Limited is the registrar for the issue.?

Utilisation of Funds

The net proceeds from the fresh issue will be used towards:?

• Set up 15 new brand-exclusive stores across India’s Tier-I cities, Tier-2 cities in Maharashtra and other metro cities.?
• Marketing and promotional activities to promote 15 new stores.?
• General corporate purposes??

Click here to explore other Upcoming IPOs

Financial Performance

On the financial front, the company's revenue from operations has experienced fluctuations over the past three financial years.?

It declined marginally from ?198.85 crore in Fiscal 2023 to ?195.63 crore in Fiscal 2024. However, revenue rebounded significantly in Fiscal 2025, reaching ?258.18 crore. This represents a compound annual growth rate (CAGR) of 13.95% over the period. Additionally, PAT (Profit After Tax) for fiscal 2025 stood at ?59.47 crore.?

Company Profile

Reva Diamond Jewellery is a retail-focused jewellery brand engaged in the sale of a diverse range of fine jewellery featuring diamonds and precious and semi-precious stones, set in gold and platinum. Additionally, the company’s portfolio also includes platinum pieces, including rings, bracelets, and chains.

Click here to check out newly Listed IPOs

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here