Bookbuilding IPO | ₹380 Cr | Listed at BSE, NSE | Tue, Feb 24, 2026 - Thu, Feb 26, 2026
PNGS Reva Diamond Jewellery IPO is a book build issue of ₹379.52 crores. The issue is entirely a fresh issue of 0.98 crore shares of ₹379.52 crore.
PNGS Reva Diamond Jewellery IPO bidding started from Feb 24, 2026 and ended on Feb 26, 2026. The allotment for PNGS Reva Diamond Jewellery IPO was finalized on Feb 27, 2026. The shares got listed on BSE, NSE on Mar 4, 2026.
PNGS Reva Diamond Jewellery IPO price band is set at ₹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
Issue Price
₹386 per share
Market Cap (Pre-IPO)
₹1,224.04 Cr
| IPO Date | 24 to 26 Feb, 2026 |
| Listed on | Wed, Mar 4, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹367 to ₹386 |
| Issue Price | ₹386 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 98,32,000 shares (agg. up to ₹380 Cr) |
| Fresh Issue | 98,32,000 shares (agg. up to ₹380 Cr) |
| Share Holding Pre Issue | 2,18,66,400 shares |
| Share Holding Post Issue | 3,16,98,400 shares |
| BSE Script Code / NSE Symbol | 544718 / PNGSREVA |
| ISIN | INE1RDG01013 |
PNGS Reva Diamond Jewellery IPO offers total 98,32,000 shares. Out of which 73,88,800 (75.15%) allocated to QIB, 29,69,600 (30.20%) allocated to QIB (Ex- Anchor), 14,56,000 (14.81%) allocated to NII 9,77,216 (9.94%) allocated to RII and 44,19,200 (44.95%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 73,88,800 (75.15%) | NA |
| − Anchor Investor Shares Offered | 44,19,200 (44.95%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 29,69,600 (30.20%) | NA |
| NII (HNI) Shares Offered | 14,56,000 (14.81%) | NA |
| − bNII > ₹10L | 9,70,667 (9.87%) | 1,784 |
| − sNII < ₹10L | 4,85,333 (4.94%) | 892 |
| Retail Shares Offered | 9,77,216 (9.94%) | 30,538 |
| Employee Shares Offered | 9,984 (0.10%) | NA |
| Total Shares Offered | 98,32,000 (100.00%) |
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 |
PNGS Reva Diamond Jewellery IPO raises ₹170.58 crore from anchor investors. PNGS Reva Diamond Jewellery IPO Anchor bid date is February 23, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Feb 23, 2026 |
| Shares Offered | 44,19,200 |
| Anchor Portion (₹ Cr.) | 170.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Mar 28, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, May 27, 2026 |
| 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 the flagship brand, “Reva”, in their respective areas | 35.40 |
| 3 | General corporate purposes | 27.16 |
| Total | 349.12 |
| 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 (₹) | 35.21 | |
| P/E (x) | 10.96 | |
| Promoter Holding | 87.45% | 60.31% |
| Market Cap | ₹1,224.04 Cr. |
The PNGS Reva Diamond Jewellery IPO is subscribed 1.30 times on February 26, 2026 6:54:33 PM (Day 3). The public issue subscribed 1.37 times in the retail category, 1.10 times in the QIB category, and 1.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 1.10 | 29,56,719 | 32,42,304 |
| NII | 1.62 | 14,75,184 | 23,88,224 |
| bNII (> ₹10L) | 1.71 | 9,83,456 | 16,77,888 |
| sNII (< ₹10L) | 1.44 | 4,91,728 | 7,10,336 |
| Retail | 1.37 | 9,83,456 | 13,42,592 |
| Employee | 7.08 | 10,000 | 70,848 |
| Total | 1.30 | 54,25,359 | 70,43,968 |
Total Applications: 33,973
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager’s fees | 21.98 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.44 |
| 3 | Fees payable to the Registrar to the Issue | 0.02 |
| 4 | Fees payable to the other advisors to the Issue | 0.77 |
| 5 | Statutory Auditors, for issuing the Restated Financial Information, for providing the statement of special direct and indirect tax benefits available to our Company and to our Shareholders and to verify the details and provided certifications with respect to certain information included in the RHP | 0.67 |
| 6 | Industry Report provider for preparing the industry report, commissioned and paid for by our Company | 0.13 |
| 7 | Others | 6.38 |
| 8 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 1.77 |
| 9 | Printing and distribution of issue stationery | 0.11 |
| 10 | Advertising and marketing expenses | 0.34 |
| 11 | Fee payable to legal counsel | 2.35 |
| 12 | Insurance in connection with the Issue | 0.07 |
| 13 | Miscellaneous | 1.74 |
| Total | 36.77 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹386.00 | ₹386.00 |
| Open | ₹372.00 | ₹375.00 |
| Low | ₹359.60 | ₹360.00 |
| High | ₹433.55 | ₹433.00 |
| Last Trade | ₹413.95 | ₹411.70 |
Lead Manager Reports
PNGS Reva Diamond Jewellery IPO is a main-board IPO of 98,32,000 equity shares of the face value of ₹10 aggregating up to ₹380 Crores. The issue is priced at ₹386 per share. 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 on Wed, Mar 4, 2026.
