PNGS Reva Diamond Jewellery is entering the public markets through Mainboard IPO with an issue size of ₹380.00 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on NSE & BSE.
The IPO subscription window opens on February 24, 2026 and will remain open until February 26, 2026. The company plans to list its shares on March 4, 2026. Since this is a Mainboard IPO, participation is expected from a wide range of investors.
PNGS Reva Diamond Jewellery Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of PNGS Reva Diamond Jewellery that investors generally review before applying.
IPO Details at a Glance
| Company Name | PNGS Reva Diamond Jewellery |
|---|---|
| IPO Segment | Mainboard |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹367 – ₹386 Per Share |
| Lot Size | 32 Shares |
| Face Value | ₹10 Per Share |
| Exchange | NSE & BSE |
IPO Documents
| RHP | DRHP |
|---|---|
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PNGS Reva Diamond Jewellery IPO Important Dates
The following table highlights the key dates for the PNGS Reva Diamond Jewellery IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 24 Feb 2026 |
|---|---|
| IPO Closing Date | 26 Feb 2026 |
| Allotment Finalization | 27 Feb 2026 |
| Initiation of Refunds | 02 Mar 2026 |
| Credit of Shares | 02 Mar 2026 |
| IPO Listing Date | 04 Mar 2026 |
PNGS Reva Diamond Jewellery IPO Size & Structure
| Total IPO Size | ₹380.00 Crore |
|---|---|
| Fresh Issue | ₹380.00 Crore |
PNGS Reva Diamond Jewellery IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the PNGS Reva Diamond Jewellery IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹367 to ₹386 per share.
Investors can apply for the IPO with a minimum of 32 shares. Applications must be made in multiples of 32 shares.
- Retail investors can apply from 1 lot to 16 lots.
- Small HNI (SHNI) investors must apply for at least 17 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 81 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹386 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹386 | ₹12,352 |
| Retail (Max) | 16 | 512 | ₹386 | ₹197,632 |
| S-HNI (Min) | 17 | 544 | ₹386 | ₹209,984 |
| S-HNI (Max) | 80 | 2,560 | ₹386 | ₹988,160 |
| B-HNI | 81 | 2,592 | ₹386 | ₹1,000,512 |
PNGS Reva Diamond Jewellery IPO GMP (Grey Market Premium)
The latest PNGS Reva Diamond Jewellery IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current PNGS Reva Diamond Jewellery IPO GMP is ₹-2 (-0.52%), compared to the IPO issue price of ₹386. Based on the current GMP, the expected listing price is around ₹384. The Lowest GMP was ₹-2 on 28 Feb 2026, while the highest GMP reached ₹35 on 16 Feb 2026.
PNGS Reva Diamond Jewellery IPO was listed on the stock exchange on 04 Mar 2026. The IPO was subscribed 1.22 times. The first reported GMP was ₹5 (1.3%), while the latest recorded GMP stood at ₹-2 (-0.52%).Listing Details:
- Issue Price: ₹386 per share.
- Listing Price: ₹372.00 (approx. 3.63% discount)
- Listing Date: 04 Mar 2026
PNGS Reva Diamond Jewellery IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 28 Feb 2026 | ₹386 | ▼ ₹-2 | ▼ -0.52% | ₹384 | ₹-64 |
| 27 Feb 2026 | ₹386 | ₹-1 | -0.26% | ₹385 | ₹-32 |
| 26 Feb 2026 | ₹386 | ▼ ₹-1 | ▼ -0.26% | ₹385 | ₹-32 |
| 25 Feb 2026 | ₹386 | ▼ ₹2 | ▼ 0.52% | ₹388 | ₹64 |
| 24 Feb 2026 | ₹386 | ▼ ₹9 | ▼ 2.33% | ₹395 | ₹288 |
| 23 Feb 2026 | ₹386 | ▲ ₹18 | ▲ 4.66% | ₹404 | ₹576 |
| 21 Feb 2026 | ₹386 | ▼ ₹17 | ▼ 4.4% | ₹403 | ₹544 |
| 20 Feb 2026 | ₹386 | ▲ ₹18 | ▲ 4.66% | ₹404 | ₹576 |
| 19 Feb 2026 | ₹386 | ▼ ₹15 | ▼ 3.89% | ₹401 | ₹480 |
| 18 Feb 2026 | ₹386 | ▼ ₹18 | ▼ 4.66% | ₹404 | ₹576 |
| 17 Feb 2026 | ₹386 | ▼ ₹20 | ▼ 5.18% | ₹406 | ₹640 |
| 16 Feb 2026 | ₹386 | ▲ ₹35 | ▲ 9.07% | ₹421 | ₹1,120 |
| 14 Feb 2026 | ₹386 | ▼ ₹20 | ▼ 5.18% | ₹406 | ₹640 |
| 13 Feb 2026 | ₹386 | ▲ ₹25 | ▲ 6.48% | ₹411 | ₹800 |
| 12 Feb 2026 | ₹386 | ▲ ₹20 | ▲ 5.18% | ₹406 | ₹640 |
| 11 Feb 2026 | ₹386 | ▲ ₹5 | ▲ 1.3% | ₹391 | ₹160 |
PNGS Reva Diamond Jewellery IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at PNGS Reva Diamond Jewellery fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the PNGS Reva Diamond Jewellery IPO.
PNGS Reva Diamond Jewellery IPO Subscription Status
PNGS Reva Diamond Jewellery IPO was subscribed 1.22 times overall on the final day of bidding (as of 26 Feb 2026).The subscription opened on 24 Feb 2026. The Retail portion was subscribed 1.22 times, while QIB and NII categories were subscribed 1.04 times and 1.53 times respectively. The Employee category was subscribed 6.51 times, reflecting broad investor interest across segments.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 24 Feb 2026 | 0.92x | 0.07x | 0.38x | 3.78x | 0.59x |
| 25 Feb 2026 | 0.96x | 0.65x | 0.66x | 4.74x | 0.83x |
| 26 Feb 2026 | 1.04x | 1.53x | 1.22x | 6.51x | 1.22x |
The PNGS Reva Diamond Jewellery IPO opened with a steady response on Day-1, supported mainly by early interest from Employee investors.
On Day-2, the PNGS Reva Diamond Jewellery IPO witnessed better demand, led by increased participation from Employee, followed by QIB investors.
By the end of the bidding period, the IPO was subscribed 1.22x overall, reflecting strong demand from key investor categories, led by Employee, followed by NII and Retail investors. Overall subscription for the PNGS Reva Diamond Jewellery IPO increased from 0.59x on Day-1 to 1.22x by the final day.
PNGS Reva Diamond Jewellery IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 1.04x |
| Non-Institutional Investors (NII) | 1.54x |
| Retail Investors | 1.27x |
| Employee | 6.68x |
| Total | 1.23x |
PNGS Reva Diamond Jewellery IPO Allotment Status
The PNGS Reva Diamond Jewellery IPO allotment status was released on 27 Feb 2026. Investors who applied for the IPO can now check their PNGS Reva Diamond Jewellery allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 27 Feb 2026
- 📈 Listing Date: 04 Mar 2026
How to Check PNGS Reva Diamond Jewellery IPO Allotment Status Online?
Investors can check the PNGS Reva Diamond Jewellery IPO allotment status online through BigShare Services Private Limited, NSE and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
BigShare Services
to know more about the IPO registrar.
Check on BigShare Services Private Limited (IPO Registrar)
- Visit → BigShare Services Private Limited
- Select PNGS Reva Diamond Jewellery
- Select Application No / CAF No / Beneficiary ID / PAN Number
- Enter the relevant details and CAPTCHA to proceed further
- Click Search to view allotment status
Check on NSE (National Stock Exchange) Website
- Go to → NSE Website
- Select Equity & SME IPO Bid Details.
- Choose PNGS Reva Diamond Jewellery IPO.
- Enter your PAN & Application Number.
- Click on Submit button.
The National Stock Exchange (NSE) provides an online facility to check the PNGS Reva Diamond Jewellery IPO allotment status.
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose PNGS Reva Diamond Jewellery IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the PNGS Reva Diamond Jewellery IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for PNGS Reva Diamond Jewellery IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
PNGS Reva Diamond Jewellery IPO Listing Analysis
Below is a quick summary of the PNGS Reva Diamond Jewellery IPO issue price, listing price, and listing gain on BSE and NSE.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed (BSE) | ₹386 | ₹372 | ▼ -3.63% |
| Listed (NSE) | ₹386 | ₹375 | ▼ -2.85% |
PNGS Reva Diamond Jewellery was listed at ₹372, which was -₹14 lower (-3.63%) than its IPO issue price of ₹386, indicating weak sentiment. The stock recovered to ₹413.95, marking a +11.28% gain. It stood +₹28 higher (+7.24%). The investment increased to ₹13,246. Investors earned a profit of +₹894 per lot.
📌 IPO Issue Price and Lot Size
The IPO of PNGS Reva Diamond Jewellery was offered in the price band of ₹367 to ₹386 per share.
- The final issue price was fixed at ₹386.
- One lot consisted of 32 shares.
- Minimum investment: ₹386 × 32 = ₹12,352
- Investment after Day-1: ₹413.95 × 32 = ₹13,246
- By the end of the listing session, investors made a profit of +₹894 per lot.
📌 IPO Subscription Analysis
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0.92x | 0.07x | 0.38x | 0.59x |
| Day 2 | 0.96x | 0.65x | 0.66x | 0.83x |
| Day 3 | 1.04x | 1.53x | 1.22x | 1.22x |
📌 Final Assessment
Overall Outcome: Average IPO
- Subscription Phase: Weak investor participation
- Listing Phase: Neutral listing performance
- Investor Experience: Mild positive returns for investors
About PNGS Reva Diamond Jewellery Limited
Incorporated in 2004, PNGS Reva Diamond Jewellery is engaged in the jewellery business. The company offers different types of jewellery made using diamonds and precious and semi-precious stones, which are studded into precious metals such as gold and platinum. All products are offered under the brand name, “Reva”.
The company offers a wide range of products, including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains to cater to diverse customer segments and occasions. As of September 30, 2025, it has 13 distinct jewellery collections, includes in-house design team and curated selections from our third-party manufacturers and Karigars.
IPO Financial Summary
- Total Assets changed by 43.27% in FY 2024-2025.
- Total Revenue changed by 32.04% in FY 2024-2025.
- Profit After Tax changed by 40.23% in FY 2024-2025.
- Reserves & Surplus turned positive in FY 2025 at 95.33.
- Total Borrowings turned positive in FY 2025 at 90.65.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 352.70 | 226.84 | 158.33 | 123.93 |
| Total Revenue (₹ Cr) | 157.12 | 259.11 | 196.24 | 199.35 |
| Profit After Tax (₹ Cr) | 20.13 | 59.47 | 42.41 | 51.75 |
| Reserves & Surplus (₹ Cr) | 98.44 | 95.33 | -37.64 | -60.74 |
| Total Borrowings (₹ Cr) | 130.25 | 90.65 | 0.00 | 0.00 |
PNGS Reva Diamond Jewellery Peer Comparison
The following table helps investors compare PNGS Reva Diamond Jewellery IPO with its listed peers based on important financial and valuation parameters as of March 31, 2025.
| # | Company Name | EPS (₹) | P/E (x) | NAV (₹) | P/BV (x) | RoNW (%) |
|---|---|---|---|---|---|---|
| 1 | PNGS REVA DIAMOND JEWELLERY LIMITED | 35.21 | - | 45.82 | - | 59.36 |
| 2 | Tribhovandas Bhimji Zaveri Limited | 10.25 | 15.74 | 98.49 | 1.64 | 10.41 |
| 3 | Thangamayil Jewellery Limited | 42.00 | 80.96 | 390.03 | 8.72 | 10.77 |
| 4 | Senco Gold Limited | 10.09 | 33.00 | 120.37 | 2.77 | 8.09 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹321.96 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Funding expenditure towards setting-up of 15 New Stores | 286.56 | 89.00% |
| 2 | Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of our flagship brand, “Reva”, in their respective areas | 35.40 | 11.00% |
| Total | 321.96 | 100% | |
PNGS Reva Diamond Jewellery IPO Promoter Holding
| Promoter(s) | P.N. Gadgil & Sons Limited, Govind Vishwanath Gadgil and Renu Govind Gadgil |
|---|---|
| Pre-Issue Holding | 87.45% |
| Post-Issue Holding | 60.31% |
PNGS Reva Diamond Jewellery IPO FAQs
The PNGS Reva Diamond Jewellery IPO is a Mainboard Bookbuilding IPO with a total issue size of ₹380.00 crore. The issue consists of a fresh issue of ₹380.00 crore.
The IPO will open for subscription on Tue, 24 Feb 2026 and will close on Thu, 26 Feb 2026.
The shares are being offered at a price band of ₹367 to ₹386 per equity share.
Investors can apply for the IPO with a minimum lot size of 32 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹12,352.
The shares of PNGS Reva Diamond Jewellery are expected to be listed on NSE & BSE on Wed, 04 Mar 2026.
The Grey Market Premium (GMP) of PNGS Reva Diamond Jewellery IPO is ₹-2.
The expected listing price of PNGS Reva Diamond Jewellery IPO is around ₹384 based on current GMP. This indicates a potential return of approximately -0.52% , with an estimated profit of ₹-64 per lot, subject to market conditions.
The PNGS Reva Diamond Jewellery IPO was subscribed 1.23 times on the final day of subscription.
The retail portion is subscribed 1.22 times as of 26 Feb 2026.
The QIB portion is subscribed 1.04 times and the NII portion is subscribed 1.53 times .
The IPO registrar of PNGS Reva Diamond Jewellery is BigShare Services Private Limited. BigShare is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Fri, 27 Feb 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Fri, 27 Feb 2026 on the registrar or exchange website.
Shares are expected to be credited by Mon, 02 Mar 2026.
Refunds for unsuccessful applicants will be initiated on Mon, 02 Mar 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Listing details for PNGS Reva Diamond Jewellery Limited are not available.
The latest share price of PNGS Reva Diamond Jewellery Limited is currently not available.
Recent price movement data for PNGS Reva Diamond Jewellery Limited is currently not available.
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