Bookbuilding IPO | ₹380 Cr | Listing at BSE, NSE
PNGS Reva Diamond Jewellery IPO is a book build issue of ₹380.00 crores. The issue is entirely a fresh issue of 0.98 crore shares of ₹380.00 crore.
PNGS Reva Diamond Jewellery IPO opens for subscription on Feb 24, 2026 and closes on Feb 26, 2026. The allotment for the PNGS Reva Diamond Jewellery IPO is expected to be finalized on Feb 27, 2026. PNGS Reva Diamond Jewellery IPO will list on BSE, NSE with a tentative listing date fixed as Mar 4, 2026.
PNGS Reva Diamond Jewellery IPO price band is set at ₹367 to ₹386 per share. The lot size for an application is 32. The minimum amount of investment required by an retail is ₹12,352 (32 shares) (based on upper price). The lot size investment for sNII is 17 lots (544 shares), amounting to ₹2,09,984, and for bNII, it is 81 lots (2,592 shares), amounting to ₹10,00,512.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to PNGS Reva Diamond Jewellery IPO RHP for detailed Information.
IPO Open
Tue, Feb 24, 2026
IPO Close
Thu, Feb 26, 2026
Price Band
₹367 to ₹386
Market Cap (Pre-IPO)
₹1,224.04 Cr
| IPO Date | 24 to 26 Feb, 2026 |
| Listing Date | Wed, Mar 4, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹367 to ₹386 |
| Lot Size | 32 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 98,44,559 shares (agg. up to ₹380 Cr) |
| Share Holding Pre Issue | 2,18,66,400 shares |
| Share Holding Post Issue | 3,17,10,959 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
Investors can bid for a minimum of 32 shares and in multiples thereof.
| 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 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
As on the date of RHP, the company had 34 Stores across 25 cities in the states of Maharashtra, Gujarat, and Karnataka, aggregating across an area of 647.15 Running Feet.
Its stores are operated under Franchise owned and company operated (FOCO), franchise owned and franchise operated (“FOFO”), and company owned and company operated (“COCO”) model.
Competitive Strengths:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 352.70 | 226.84 | 158.33 | 123.93 |
| Total Income | 157.12 | 259.11 | 196.24 | 199.35 |
| Profit After Tax | 20.13 | 59.47 | 42.41 | 51.75 |
| EBITDA | 30.79 | 79.61 | 56.14 | 68.73 |
| NET Worth | 120.31 | 100.19 | -28.50 | -52.02 |
| Reserves and Surplus | 98.44 | 95.33 | -37.64 | -60.74 |
| Total Borrowing | 130.25 | 90.65 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding expenditure towards setting-up of 15 New Stores | 286.56 |
| 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 |
| 3 | General corporate purposes |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 18.3% | 165.9% |
| ROCE | 25.2% | 79.8% |
| Debt/Equity | 1.10 | 0.90 |
| RoNW | 16.73% | 59.36% |
| PAT Margin | 12.85% | 23.04% |
| EBITDA Margin | 19.65% | 41.81% |
| Price to Book Value | 8.42 |
Notes:
Return on net worth (RONW) includes capital reserve and partners’ capital.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 35.21 | |
| P/E (x) | 10.96 | |
| Promoter Holding | 87.45% | 60.31% |
| Market Cap | ₹1,224.04 Cr. |
Lead Manager Reports
PNGS Reva Diamond Jewellery IPO is a main-board IPO of 98,44,559 equity shares of the face value of ₹10 aggregating up to ₹380 Crores. The issue is priced at ₹367 to ₹386. The minimum order quantity is 32.
The IPO opens on Tue, Feb 24, 2026, and closes on Thu, Feb 26, 2026.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in PNGS Reva Diamond Jewellery IPO using UPI as a payment gateway. Zerodha customers can apply in PNGS Reva Diamond Jewellery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PNGS Reva Diamond Jewellery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PNGS Reva Diamond Jewellery IPO opens on Tue, Feb 24, 2026 and closes on Thu, Feb 26, 2026.
PNGS Reva Diamond Jewellery IPO lot size is 32, and the minimum amount required for application is ₹12,352.
You can apply in PNGS Reva Diamond Jewellery IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for PNGS Reva Diamond Jewellery IPO will be done on Friday, February 27, 2026, and the allotted shares will be credited to your demat account by Mon, Mar 2, 2026. Check the PNGS Reva Diamond Jewellery IPO allotment status.
The PNGS Reva Diamond Jewellery IPO listing date is not yet announced. The tentative date of listing is Wed, Mar 4, 2026.
