PNGS Reva Diamond Jewellery IPO Day 1: Check Latest GMP, Subscription Status, Key Highlights, and More
Retail-focused jewellery brand PNGS Reva Diamond Jewellery is launching its IPO for public subscription today, 24 February 2026. Ahead of the IPO opening, the company raised ?171 crore from anchor investors on 23 February 2026.?
PNGS Reva Diamond Jewellery IPO: Issue Details
Issue Type: The IPO is a book-build issue of ?380 crores, consisting entirely of a fresh issue of 0.98 crore shares.
Lot Size: 32 shares
Price Band: ?367-?386 per share
Minimum Investment: ?12,352 (for retail investors)
IPO Closing Date: February 26, 2026
Allotment Date: The basis of allotment will be finalised by February 27, 2026.
Listing Date: The tentative listing date on BSE and NSE is March 4, 2026.?
Book Running Lead Manager: Smart Horizon Capital Advisors Private Limited
Registrar: Bigshare Services Private Limited
PNGS Reva Diamond Jewellery IPO Day 1 Subscription Status
[24-February-2026 11:24:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
0.01 |
|
Retail Individual Investors (RIIs) |
0.18 |
|
Employees |
1.66 |
|
Total |
0.04 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund the expenses towards the following objectives:
- Set up of 15 new brand-exclusive stores across India in Tier-1 cities and selectively Tier-2 cities in Maharashtra and other metro cities in India
- Marketing and promotional activities to enhance local brand awareness and visibility of flagship brand, “Reva”
- General corporate purposes
Explore other Upcoming IPOs on BSE and NSE.
PNGS Reva Diamond Jewellery IPO GMP
As per media reports, the Grey Market Premium (GMP) of PNGS Reva Diamond Jewellery is reported at ?17 over the IPO price.?
PNGS Reva Diamond Jewellery Business Overview
PNGS Reva Diamond Jewellery specialises in diamond-studded ornaments crafted in gold and platinum. The brand offers an extensive portfolio that includes jewellery embedded with diamonds, precious stones, and semi-precious gemstones, along with a curated range of plain platinum products such as rings, chains, and bracelets.
The company’s revenue from operations has fluctuated over the past three fiscal years, decreasing from ?198.85 crore in FY 2023 to ?195.63 crore in FY 2024 and subsequently increasing to ?258.18 crore in FY 2025, reflecting a CAGR of 13.95%.
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