The Rs 380 crore PNGS Reva Diamond Jewelery IPO will open on February 24 in the mainboard segment. It will close on February 26. For this, the price band has been fixed at Rs 367-386 per share. Lot size is 32 shares. 98 lakh new shares will be issued in the IPO. There will be no offer for sale. After the closing of the issue, the allotment is expected to be finalized on February 27. The company is going to be listed on BSE, NSE on March 4. Anchor investors will be able to bid in the issue on February 23.
PNGS Reva Diamond Jewelery is the diamond business of PN Gadgil & Sons. The company submitted its draft IPO to SEBI in June 2025. It was approved in October 2025. PNGS Reva Diamond Jewelery offers a wide variety of jewelery including diamonds set in gold and platinum and precious and semi-precious stones. All products are available under the brand name “Reva”.
The company offers a wide range of products including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutras, nose studs and chains to suit different customer classes and occasions. As of September 30, 2025, she had 13 different jewelery collections. The company has stores in 25 cities across the states of Maharashtra, Gujarat and Karnataka.
Reserve share in IPO
In this public issue, 75 percent of the shares are reserved for qualified institutional buyers. While 10 percent has been reserved for retail investors and 15 percent for non-institutional investors. 38.6 lakh shares are reserved for employees of the company. The money raised from the public issue will be used for opening 15 new stores, marketing and promotional expenses related to these stores and for general corporate purposes. Currently, in the gray market, PNGS Reva Diamond Jewellery's IPO shares are trading at Rs. It is trading at a premium of 5.18 percent over the upper price band of 386.
Financial Position of PNGS Reva Diamond Jewellery
The total revenue of the company during April-September 2025 was Rs 157.12 crore. The net profit was Rs 20.13 crore. Meanwhile, the company had a debt of Rs 130.25 crore. The company's total revenue during FY2025 was Rs 259.11 crore, compared to Rs 196.24 crore a year ago. Net profit was Rs 59.47 crore, compared to Rs 42.41 crore in FY24. Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager for the IPO. BigShare Services Pvt. Ltd. is the registrar.
Note: The information provided here is for information only. TV9 Gujarati does not advise investing or selling in shares or IPOs in any way. Investing in the stock market involves potential risk. Always consult your financial advisor or market expert before investing.
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