PNGS Reva Diamond Jewellery IPO
PNGS Reva Diamond Jewellery IPO — date, price band, GMP & allotment 2026
PNGS Reva Diamond Jewellery IPO opens on 24 February 2026, closing 26 February, with listing on 4 March on BSE and NSE. Founded in July 2004 as a partnership firm and converted to public limited company in December 2024, it spun off from listed P.N. Gadgil & Sons via slump sale. The business model focuses on affordable diamond-studded gold and platinum jewellery under the Reva brand, using asset-light shop-in-shop, FOCO, FOFO formats with custom designs targeting mass premium buyers. Main presence spans 34 stores across 25 cities in Maharashtra, Gujarat, Karnataka.
Stock price
PNGS Reva Diamond Jewellery is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 24 Feb 2026
- Close 26 Feb 2026
- Allotment 27 Feb 2026
- Refund/credit 02 Mar 2026
- Listing 04 Mar 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 26 Feb, 2026 |
|---|---|
| Price Band | ₹367 – ₹386 |
| Face Value | ₹10 |
| Lot Size | 32 Shares |
| Issue Size | ₹380 Cr |
| Sale Type | Fresh Capital |
| Listing On | NSE & BSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 12,352 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 32 shares at the ₹386 cut-off. Drag to size your application.
| 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 | 2,560 | ₹9,88,160 |
| B-HNI (min) | 81 | 2,592 | ₹10,00,512 |
Three years of numbers
All figures in ₹ crore, as reported in the PNGS Reva Diamond Jewellery offer document.
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | 157.12 | 259.11 | 196.24 | 199.35 |
| OPM % | 12.85% | 23.04% | 21.68% | 26.02% |
| EBITDA | 30.79 | 79.61 | 56.14 | 68.73 |
| Net Profit | 20.13 | 59.47 | 42.41 | 51.75 |
| Debt | 130.25 | 90.65 | - | - |
| Assets | 352.70 | 226.84 | 158.33 | 123.93 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the PNGS Reva Diamond Jewellery RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
PNGS Reva Diamond Jewellery IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹27.20 |
| P/E Ratio (x) | 14.19 |
| Market Cap at Offer Price (₹ Cr) | ₹285.67 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹386 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹321.96 Cr of the issue is earmarked to named objects.
PNGS Reva Diamond Jewellery IPO Anchor Investors
16 anchor investors across 14 fund houses committed ₹170.58 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The company specialises in designing and retailing a wide range of diamond-studded jewellery, including rings, necklaces, earrings, bangles, and bridal collections. It follows a retail-led business model supported by a mix of exclusive showrooms and franchise outlets, along with a growing online presence. By focusing on quality, certified diamonds, and design innovation, PNGS Reva aims to attract younger buyers and premium customers, while maintaining strong brand trust and long-term customer relationships.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
+91 020-29980704
The bankers & the filings
Who is running the book, and the documents this page is built from.
PNGS Reva Diamond Jewellery IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Smart Horizon Capital Advisors Pvt.Ltd.
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average 0%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of PNGS Reva Diamond Jewellery?
The current Grey Market Premium is ₹-18, or -5% over the issue price.
What is the PNGS Reva Diamond Jewellery IPO price band?
₹367 to ₹386, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 February 2026, with listing on 4 March 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
