IPO Detail
PNGS Reva Diamond Jewellery Limited
MAINBOARDNot investment advice. Read RHP before applying.
Price Band
₹367 – ₹386
GMP (Indicative)
₹-15
Unofficial · not guaranteed
Lot Size
—
Status
Closed
Open Date
2026-02-24
Close Date
2026-02-26
Listing Date
2026-03-04
Min. Investment
—
Overview
About the Company
PNGS Reva Diamond Jewellery Limited is a Pune-based retail jewellery company promoted by the well-known PN Gadgil group. The company operates under the “Reva” brand and specializes in diamond, gold, platinum and studded jewellery across various price segments. It follows a retail-focused expansion strategy with stores across multiple Indian cities and aims to strengthen its brand presence through new showroom launches and marketing initiatives.
New to IPO analysis? You may review our structured guides on how IPO allotment works and IPO subscription meaning to better understand demand and allocation mechanics.
Financials
Key Financial Metrics
EPS Pre IPO
—
EPS Post IPO
—
P/E Pre
10.96
P/E Post
—
ROCE
—
Debt / Equity
0.9
PAT Margin
—
Market Cap
—
Financial figures sourced from official offer documents. Always verify with the RHP.
Issue
IPO Issue Details
Issue Price
₹367 – ₹386
Face Value
₹10
Issue Size
₹380.00 Cr
Fresh Issue
₹380.00 Cr
Listing At
BSE, NSE
Lead Manager
Smart Horizon Capital Advisors Pvt. Ltd.
Registrar
Bigshare Services Pvt. Ltd.
Lot Size
—
For category-wise quota breakdown such as QIB, HNI, and Retail allocation, refer to our IPO quota structure explanation.
GMP (Grey Market Premium)
GMP Overview
₹-15
Updated 32 days ago
-3.9% below issue price
GMP is unofficial and indicative only. It does not guarantee listing price or returns.
GMP is unofficial and indicative. To understand interpretation logic and limitations, read our IPO Grey Market Guide or begin with what IPO GMP means.
Trend
GMP Trend
Investment
Market Lot Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | 12352 |
| Retail (Max) | 16 | 512 | 197632 |
| sNII (Min) | 17 | 544 | — |
| bNII (Min) | 81 | — | — |
| sNII (Max) | — | — | — |
| bNII (Max) | — | — | — |
Investors can bid in multiples of the lot size. Final investment depends on the cutoff price.
Valuation
IPO Valuation Metrics
EPS Pre IPO
—
EPS Post IPO
—
P/E Pre
10.96
P/E Post
—
ROCE
—
Debt/Equity
0.9
RoNW
—
PAT Margin
—
Market Cap
—
Contacts
Company & Registrar Details
Company Address: Abhiruchi Mall, 59/1 C, Sinhgad Road, Wadgaon Budruk, Pune, – 411041
Phone: +91 020-29980704
Email: investor@revabypng.com
Website: https://www.revabypng.com
Registrar: Bigshare Services Pvt. Ltd.
Registrar Phone: +91-22-6263 8200
Registrar Email: ipo@bigshareonline.com
Registrar Website: https://ipo.bigshareonline.com/IPO_Status.html
Issue Summary
Objectives of Issue
Funding setup of 15 new stores (~₹286.56 Cr) Marketing & branding expenses (~₹35.40 Cr) General corporate purposes
Ownership
Promoter Holdings
Pre Issue
—
Post Issue
—
Allocation
Reservation Details
QIB
30.06
NII
15
RII
35
Employee
0.1
Documents
Important Links
Qualitative Factors
Strengths & Risks
Company Strengths
Strong brand association with PN Gadgil legacy Established retail presence in Tier-1, Tier-2 and Tier-3 cities Diversified jewellery portfolio across price segments Experienced management and board expertise Customised high-value jewellery capability Growing demand for branded jewellery in India These factors support operational efficiency and customer loyalty.
Company Risks
High geographic concentration in Maharashtra region Dependence on brand reputation and promoter group Jewellery demand sensitive to gold prices and economic cycles Competition from organised and unorganised jewellery players Rising popularity of lab-grown diamonds may impact demand
Schedule
Timeline
Open Date
2026-02-24
Close Date
2026-02-26
Allotment Date
—
Refund Date
—
Listing Date
2026-03-04
Legal Disclaimer
Information is sourced from publicly available exchange filings and company offer documents. GMP is unofficial and indicative. IPOCraft does not provide investment advice.
Subscription
Live Subscription Details
| Day | QIB | NII | sNII (< ₹10L) | bNII (> ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| 26/02/2026 | —x | —x | —x | —x | —x | —x |
Subscription Progress
Subscription data sourced from exchange updates. Values represent times subscribed (x).
Learn how subscription categories are allocated by reading our guide on QIB, HNI and Retail IPO quota structure.
If you are tracking GMP alongside subscription demand, see our grey market premium guide for a structured comparison framework.
Application
How to Apply
UPI Method (ASBA)
Log in to your broker's app or net banking, navigate to the IPO section, select this IPO, enter lot quantity, and authorise via UPI mandate. Funds are blocked, not debited, until allotment.
ASBA via Net Banking
Log in to your bank's net banking portal, go to the IPO / ASBA section, fill in the bid details, and submit. Your bank will block the required amount automatically.
Allotment & Refund
Allotment status is typically available within 6 days of the IPO close date. Refunds for unallotted bids are credited within 2 working days post allotment.
You may also review the complete IPO allotment process explanation to understand lottery mechanics and refund timelines.
Risk Disclosure
Investments in IPOs are subject to market risks. Grey Market Premium (GMP) is unofficial and indicative only — it does not guarantee listing price or returns. Read the official offer documents (DRHP / RHP) and consult a SEBI-registered financial advisor before applying. IPOCraft does not provide investment advice.
Research Before You Apply