PNGS Reva Diamond Jewellery
Open MainLineCurrent GMP
₹-20 (-5.18%)
Price Band
₹ 367 – 386
Lot Size
32
Issue Size
₹380 Cr
Minimum Investment
₹12352 (32 Shares)
Listing Date
04 March 2026
Subscription
1.23x
About the Company
PNGS Reva Diamond Jewellery Limited, incorporated in 2004, is engaged in the business of designing, retailing, and marketing diamond and gemstone-studded jewellery under the brand name “Reva.”
Business Overview
The company offers a wide range of jewellery crafted using diamonds and precious and semi-precious stones set in precious metals such as gold and platinum. Its product portfolio caters to diverse customer segments and occasions, including:
- Rings
- Earrings
- Necklaces
- Pendants
- Solitaires
- Bangles
- Bracelets
- Mangalsutras
- Nose rings
- Chains
As of September 30, 2025, the company had 13 distinct jewellery collections. Its product offerings are supported by an in-house design team and curated selections sourced from third-party manufacturers and skilled karigars.
Retail Network
As on the date of the Red Herring Prospectus (RHP), PNGS Reva Diamond Jewellery operated 34 stores across 25 cities in the states of Maharashtra, Gujarat, and Karnataka. The total retail area aggregated to 647.15 running feet.
Business Model
The company operates its stores under multiple models, including:
- FOCO (Franchise Owned, Company Operated)
- FOFO (Franchise Owned, Franchise Operated)
- COCO (Company Owned, Company Operated)
Through its diversified product portfolio and flexible retail operating models, the company aims to expand its presence in key regional markets while maintaining brand consistency and operational efficiency.
Promoters
- P.N. Gadgil & Sons Limited
- Govind Vishwanath Gadgil
- Renu Govind Gadgil
Promoters Holding
Holding Pre Issue
87.45%
Holding Post Issue
60.31%
Objects of the Issue
The Company PNGS Reva IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding expenditure towards setting-up of 15 New Stores
- 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
- General corporate purposes
Address / Contact Info
PNGS Reva Diamond Jewellery Ltd.
Abhiruchi Mall,59/1 C,
Sinhgad Road, Wadgaon Budruk,
Pune, Maharashtra, 411041
Phone: +91 020-29980704
Email: investor@revabypng.com
Website: https://www.revabypng.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 24 February 2026
IPO Close Date
Thursday, 26 February 2026
Basis of Allotment
Friday, 27 February 2026
Initiation of Refunds
Monday, 02 March 2026
Credit of Shares to Demat
Monday, 02 March 2026
Listing Date
Wednesday, 04 March 2026 — NSE & BSE
Important Dates
Open Date
24 February 2026
Close Date
26 February 2026
Basis Of Allotment
27 February 2026
Listing Date
04 March 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 352.7 | 226.84 | 158.33 | 123.93 |
| Revenue | 157.12 | 259.11 | 196.24 | 199.35 |
| Profit After Tax | 20.13 | 59.47 | 42.41 | 51.75 |
| Net Worth | 120.31 | 100.19 | -28.5 | -52.02 |
| Reserve & Surplus | 98.44 | 95.33 | -37.64 | -60.74 |
| Total Borrowings | 130.25 | 90.65 | 0 | 0 |
EPS Pre
35.21%
EPS Post
0.00%
P/E Pre
10.96
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 18.3 | 165.9 | -105.4 | -99.5 |
| ROCE % | 25.2 | 79.8 | -201.9 | 60 |
| Debt / Equity | 1.1 | 0.9 | 0 | 0 |
| RoNW % | 16.73 | 59.36 | -148.84 | -99.48 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 12.85 | 23.04 | 21.68 | 26.02 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 3109793 | 54.5 | 0 |
| Non-Institutional | 1551555 | 27.19 | 0 |
| BNII | 1034370 | 18.13 | 0 |
| SNII | 517185 | 9.06 | 0 |
| Retail Investors | 1034370 | 18.13 | 0 |
| Employees | 10517 | 0.18 | 0 |
| Total | 5706235 | 100 | 0 |
Subscription Status ( Thu, 26 Feb 26 01:56 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3109793 | 3242304 | 1.04x |
| Non-Institutional | 1551555 | 2388224 | 1.54x |
| BNII | 1034370 | 1677888 | 1.62x |
| SNII | 517185 | 710336 | 1.37x |
| Retail Investors | 1034370 | 1330400 | 1.29x |
| Employees | 10517 | 70848 | 6.74x |
| Total | 5706235 | 7031776 | 1.23x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| PNGS Reva Diamond Jewellery Ltd | 10 | 0.00 | 35.21 | 35.21 | 59.36 | 45.82 |
| Tribhovandas Bhimji Zaveri Ltd | 10 | 15.74 | 10.25 | 10.25 | 10.41 | 98.49 |
| Thangamayil Jewellery Ltd | 10 | 80.96 | 42.00 | 42.00 | 10.77 | 390.03 |
| Senco Gold Ltd | 10 | 33.00 | 10.09 | 10.08 | 8.09 | 120.37 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 32 | 12,352.00 |
| Retail (Max) | 16 | 512 | 197,632.00 |
| S-HNI (Min) | 17 | 544 | 209,984.00 |
| S-HNI (Max) | 80 | 2,560 | 988,160.00 |
| B-HNI (Min) | 81 | 2,592 | 1,000,512.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
PNGS Reva Diamond Jewellery is a Book-building IPO worth ₹380 crores. The price band is ₹367 to 386 per share. The IPO opens on Tue, Feb 24, 2026 and closes on Thu, Feb 26, 2026. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The PNGS Reva Diamond Jewellery opens on Tue, Feb 24, 2026 and closes on Thu, Feb 26, 2026
PNGS Reva Diamond Jewellery Price Band is ₹367 to 386.
PNGS Reva Diamond Jewellery lot size is 32, and the minimum amount required for application is ₹12352.
The minimum investment for PNGS Reva Diamond Jewellery is approximately ₹12352 based on the upper price band.
To apply for the PNGS Reva Diamond Jewellery, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Feb 26, 2026. After submission, funds are blocked until the basis of allotment of PNGS Reva Diamond Jewellery is finalised.
PNGS Reva Diamond Jewellery issue size is ₹380 crores.
PNGS Reva Diamond Jewellery allotment date is Sat, Jun 27, 2026.
The registrar for PNGS Reva Diamond Jewellery is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to PNGS Reva Diamond Jewellery through their official website or helpline.
The PNGS Reva Diamond Jewellery GMP (Grey Market Premium) is ₹-20 as of Wed, Mar 4, 2026. Based on the upper price band of ₹386 per share, the estimated PNGS Reva Diamond Jewellery listing price is ₹366, indicating a potential listing gain of approximately 31% over the issue price.