PNGS Reva Diamond Jewellery IPO vs Sudeep Pharma IPO

Comparison between PNGS Reva Diamond Jewellery IPO and Sudeep Pharma IPO.

IPO Details

PNGS Reva Diamond Jewellery IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sudeep Pharma IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of PNGS Reva Diamond Jewellery IPO is up to ₹379.52 Cr whereas the issue size of the Sudeep Pharma IPO is up to ₹895.00 Cr. The final issue price of PNGS Reva Diamond Jewellery IPO is ₹386.00 per share and of Sudeep Pharma IPO is ₹593.00 per share.

 PNGS Reva Diamond Jewellery IPOSudeep Pharma IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹367.00 per share₹563.00 per share
Issue Price (Upper)₹386.00 per share₹593.00 per share
Issue Price (Final)₹386.00 per share₹593.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size32 shares25 shares
Fresh Issue Size98,32,000 shares16,02,023 shares
Fresh Issue Size (Amount)up to ₹379.52 Crup to ₹95.00 Cr
OFS Issue Size0 shares1,34,90,726 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹800.00 Cr
Issue Size Total98,32,000 shares1,50,92,749 shares
Issue Size Total (Amount)up to ₹379.52 Crup to ₹895.00 Cr

IPO Timetable

PNGS Reva Diamond Jewellery IPO opens on Feb 24, 2026, while Sudeep Pharma IPO opens on Nov 21, 2025. The closing date of PNGS Reva Diamond Jewellery IPO and Sudeep Pharma IPO is Feb 26, 2026, and Nov 25, 2025, respectively.

 PNGS Reva Diamond Jewellery IPOSudeep Pharma IPO
Anchor Bid DateFeb 23, 2026Nov 20, 2025
Issue OpenFeb 24, 2026Nov 21, 2025
Issue CloseFeb 26, 2026Nov 25, 2025
Basis Of Allotment (Tentative)Feb 27, 2026Nov 26, 2025
Initiation of Refunds (Tentative)Mar 02, 2026Nov 27, 2025
Credit of Share (Tentative)Mar 02, 2026Nov 27, 2025
Listing date (Tentative)Mar 04, 2026Nov 28, 2025
Anchor Lockin End date 1Mar 28, 2026Dec 26, 2025
Anchor Lockin End date 2May 27, 2026Feb 24, 2026

Financials & KPIs

PNGS Reva Diamond Jewellery IPO P/E ratio is 10.96, as compared to Sudeep Pharma IPO P/E ratio of 47.61.

 PNGS Reva Diamond Jewellery IPOSudeep Pharma IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets352.70226.84158.33123.93
Total Income157.12259.11196.24199.35
Profit After Tax20.1359.4742.4151.75
EBITDA30.7979.6156.1468.73
NET Worth120.31100.19-28.50-52.02
Reserves and Surplus98.4495.33-37.64-60.74
Total Borrowing130.2590.65
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Sudeep Pharma Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets922.26717.17513.87420.11
Total Income130.08511.33465.38438.26
Profit After Tax31.27138.69133.1562.32
EBITDA48.57199.28187.7698.64
NET Worth688.32497.53359.07226.29
Reserves and Surplus668.52481.11354.59221.88
Total Borrowing135.97135.2575.0382.26
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)87.4589.37
Promoter Shareholding (Post-Issue)60.3176.15
P/E Ratio10.9647.61
Market Cap₹1224.04 Cr.₹6697.85 Cr.
ROE165.9%
ROCE79.8%
Debt/Equity0.900.20
EPS₹35.21₹12.46
RoNW59.36%27.88%

Shares Offered

In the PNGS Reva Diamond Jewellery IPO Retail Individual Investors (RII) are offered 9,77,216 shares while in Sudeep Pharma IPO retail investors are offered 9,77,216 shares. Qualified Institutional Buyers (QIB) are offered 29,69,600 shares in PNGS Reva Diamond Jewellery IPO and 30,18,550 shares in Sudeep Pharma IPO.

 PNGS Reva Diamond Jewellery IPOSudeep Pharma IPO
Anchor Investor Reservation44,19,200 shares45,27,823 shares
Market Maker Reservation0 shares0 shares
QIB29,69,600 shares30,18,550 shares
NII14,56,000 shares22,63,913 shares
RII9,77,216 shares52,82,463 shares
Employee9,984 shares0 shares
Others
Total98,32,000 shares1,50,92,749 shares

Bids Received (Subscription)

PNGS Reva Diamond Jewellery IPO subscribed 1.30x in total, whereas Sudeep Pharma IPO subscribed 93.71x.

 PNGS Reva Diamond Jewellery IPOSudeep Pharma IPO
QIB (times)1.10x213.08x
NII (times)1.62x116.72x
Big NII (times)1.71x134.91x
Small NII (times)1.44x80.33x
RII (times)1.37x15.65x
Employee (times)7.08x
Other (times)
Total (times)1.30x93.71x

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