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PNGS Reva Diamond Jewellery IPO Subscription Status

PNGS Reva Diamond Jewellery IPO Discussion

IPO Guru Community · 2026-02-11T12:24:41+05:30

PNGS Reva Diamond Jewellery IPO opened from 24 Feb to 26 Feb 2026 and listed on 04 Mar 2026 at ₹375 — a loss of -2.85% over the issue price of ₹386.

The PNGS Reva Diamond Jewellery IPO has been subscribed 1.23x times overall. Retail investors have shown interest with bids for 1.29x the shares available. The Non-Institutional Investor (NII) category has been subscribed 1.54x. Within NII, Big HNI (B-HNI) subscribed 1.62x and Small HNI (S-HNI) subscribed 1.37x. Qualified Institutional Buyers (QIBs) have subscribed 1.04x. Data last updated on 20 May, 12:05 PM.

The IPO subscription period has ended. The issue opened on 24 Feb, 2026 and closes on 26 Feb, 2026. The shares are expected to list on stock exchanges on 04 Mar, 2026.

Full Details Check GMP

Live Subscription Data
Day-wise Subscription History
Allotment Probability
What Does This Subscription Data Mean?
Frequently Asked Questions

Total Subscription

1.23 x

QIB 1.04x

BHNI 1.62x

SHNI 1.37x

Retail 1.29x

Employee 6.74x

Live Bidding

Category	Offered	Applied	Amount (Cr)	Bid Details	TIMES
QIB	31,09,793	32,42,304	125.15 Cr	32,42,304 of 31,09,793 125.15 Cr	1.04x
FII		10,36,224	40.00 Cr	10,36,224 40.00 Cr
Mutual Funds		1,29,504	5.00 Cr	1,29,504 5.00 Cr
Others		20,76,576	80.16 Cr	20,76,576 80.16 Cr
NII	15,51,555	23,88,224	92.19 Cr	23,88,224 of 15,51,555 92.19 Cr	1.54x
Big NII	10,34,370	16,77,888	64.77 Cr	16,77,888 64.77 Cr	1.62
Small NII	5,17,185	7,10,336	27.42 Cr	7,10,336 27.42 Cr	1.37
Retail	10,34,370	13,30,400	51.35 Cr	13,30,400 of 10,34,370 51.35 Cr	1.29x
Employee	10,517	70,848	2.73 Cr	70,848 of 10,517 2.73 Cr	6.74x
TOTAL	57,06,235	70,31,776	271.43 Cr	70,31,776 271.43 Cr	1.23x

Last Updated: 20 May 2026, 12:05 PM

Subscription Insights

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 77.5% for a single lot.

Caution Advised

The stock is trading at a discount (-5%) in the grey market, signaling potential listing at or below the issue price.

Day-wise Subscription History

Subscription trends over the last 3 days

Date	Total	QIB	BHNI	SHNI	Retail	Employee
26 Feb 2026 DAY 3	1.30x	1.10x	1.62x	1.37x	1.37x	6.74x
QIB 1.10x BHNI 1.62x SHNI 1.37x Retail 1.37x Employee 6.74x
25 Feb 2026 DAY 2	0.83x	0.96x	0.82x	0.32x	0.66x	4.74x
QIB 0.96x BHNI 0.82x SHNI 0.32x Retail 0.66x Employee 4.74x
24 Feb 2026 DAY 1	0.59x	0.92x	0.06x	0.1x	0.37x	3.68x
QIB 0.92x BHNI 0.06x SHNI 0.1x Retail 0.37x Employee 3.68x

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Anchor Investor Allocation

Breakdown of shares allotted to anchor investors before the IPO opening

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	TATA INDIA CONSUMER FUND	TATA MUTUAL FUND	1036288	₹40.00 Cr	23.45%%	10.53%%
2	GROWW LARGE CAP FUND	GROWW MUTUAL FUND	23328	₹0.90 Cr	0.53%%	0.24%%
3	GROWW MULTICAP FUND	GROWW MUTUAL FUND	85504	₹3.30 Cr	1.93%%	0.87%%
4	GROWW SMALL CAP FUND	GROWW MUTUAL FUND	46624	₹1.80 Cr	1.06%%	0.47%%
5	SAGEONE-FLAGSHIP GROWTH OE FUND	SAGEONE-FLAGSHIP GROWTH OE FUND	518144	₹20.00 Cr	11.72%%	5.26%%
6	CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD.	CITIGROUP	259072	₹10.00 Cr	5.86%%	2.63%%
7	SOCIETE GENERALE	SOCIETE GENERALE	466336	₹18.00 Cr	10.55%%	4.74%%
8	TIGER STRATEGIES FUND 1	TIGER STRATEGIES	621920	₹24.01 Cr	14.07%%	6.32%%
9	K-THREE ALTERNATIVE INVESTMENT TRUST FUND I	-	129536	₹5.00 Cr	2.93%%	1.32%%
10	INNOVATIVE VISION FUND	INNOVATIVE VISION	129536	₹5.00 Cr	2.93%%	1.32%%
11	VISIONARY VALUE FUND	VISIONARY VALUE FUND	129536	₹5.00 Cr	2.93%%	1.32%%
12	ASTORNE CAPITAL VCC-ARVEN	ASTORNE CAPITAL	455232	₹17.57 Cr	10.30%%	4.62%%
13	HOLANI VENTURE CAPITAL FUND-HOLANI VENTURE CAPITAL FUND I	HOLANI VENTURE	129536	₹5.00 Cr	2.93%%	1.32%%
14	VINEY GROWTH FUND	VINEY	129536	₹5.00 Cr	2.93%%	1.32%%
15	TATTVAM AIF TRUST-Aanjay Ageless AIF Fund	TATTVAM	129536	₹5.00 Cr	2.93%%	1.32%%
16	RAJASTHAN GLOBAL SECURITIES PVT.LTD.	RAJASTHAN GLOBAL SECURITIES	129536	₹5.00 Cr	2.93%%	1.32%%
	Total		4,419,200	₹170.58 Cr	99.98%

PNGS Reva Diamond Jewellery IPO Allotment Probability

Retail

1 in 2

Lottery — ~77.5% chance per application

NII / HNI

1.54x

Proportionate allotment applies

QIB

1.04x

Moderate institutional demand

Allotment probability is calculated based on current subscription multiples. Retail allotment is by lottery when oversubscribed; NII allotment is proportionate. Final numbers may change until subscription closes. This is not investment advice.

What Does This Subscription Data Mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.

Frequently Asked Questions

What is the current subscription status of PNGS Reva Diamond Jewellery IPO?

As of IPO close date (26 Feb, 2026), the PNGS Reva Diamond Jewellery IPO is subscribed 1.23x times. Retail category is 1.29x, and NII is 1.54x subscribed.

When is the allotment date for PNGS Reva Diamond Jewellery IPO?

The allotment for PNGS Reva Diamond Jewellery IPO is expected to be finalized on 27 February, 2026.

What is the GMP of PNGS Reva Diamond Jewellery?

The Grey Market Premium (GMP) for PNGS Reva Diamond Jewellery is currently ₹-18, indicating a potential listing gain of -5%.

When will PNGS Reva Diamond Jewellery IPO list on the stock market?

PNGS Reva Diamond Jewellery is scheduled to list on BSE and NSE on 04 March, 2026.

What are the chances of getting allotment in PNGS Reva Diamond Jewellery IPO?

The retail category is oversubscribed at 1.29x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 1.04x mean for PNGS Reva Diamond Jewellery IPO?

Moderate — QIBs have subscribed 1.04x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check PNGS Reva Diamond Jewellery IPO allotment status?

After the allotment date (27 Feb, 2026), you can check your PNGS Reva Diamond Jewellery IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.