PNGS Reva Diamond Jewellery IPO Day 2: Check GMP, Subscription Status & Key Highlights
The PNGS Reva Diamond Jewellery IPO enters its second day of subscription today, 25 February 2026. By the end of the first day, the issue was subscribed 63%. The bidding window is scheduled to close on February 26, 2026.
PNGS Reva Diamond Jewellery IPO: Issue Details
Issue Type: The PNGS Reva Diamond Jewellery IPO is a book-building issue of ?380 crores, comprising an entirely fresh issue of 0.98 crore shares.???
Price Band: The price band is set at ?367-?386 per share.
Lot Size & Minimum Investment: The lot size for an application is 32 shares, and the minimum investment required is ?12,352 (for retail investors).?
Allotment Date: The basis of allotment will be finalised by February 27, 2026
Listing Date: The tentative listing date on NSE and BSE is March 4, 2026.?
Book-running Lead Managers: Smart Horizon Capital Advisors Private Limited
Registrar: Bigshare Services Private Limited
PNGS Reva Diamond Jewellery IPO Day 2 Subscription Status
[25-February-2026 10:45:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.92 |
|
Non-Institutional Investors |
0.10 |
|
Retail Individual Investors (RIIs) |
0.48 |
|
Employees |
4.10 |
|
Total |
0.62 |
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 the flagship brand, “Reva”
- General corporate purposes
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PNGS Reva Diamond Jewellery IPO GMP
According to media reports, the Grey Market Premium (GMP) of the PNGS Reva Diamond Jewellery IPO is reported at ?1.5 over the IPO price.?
PNGS Reva Diamond Jewellery IPO Business Overview
PNGS Reva Diamond Jewellery Limited specialises in diamond-studded ornaments crafted in gold and platinum. The brand offers an extensive portfolio that includes jewellery set with diamonds, precious stones, and semi-precious gemstones, as well as a curated range of plain platinum products, such as rings, chains, and bracelets.
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