PNGS Reva Diamond Jewellery
CLOSEDIPO Date: 24 Feb - 26 Feb 2026
Listing Date: 4 Mar 2026
Price Range
Rs.367 - Rs.386
Issue Size
380 Cr
Min Investment
₹11,744
Lot Size
32 Shares
Schedule of PNGS Reva Diamond Jewellery
Issue open date
24 Feb 2026
Issue close date
26 Feb 2026
UPI mandate deadline
26 Feb 2026 (5 PM)
Allotment finalization
27 Feb 2026
Share credit
2 Mar 2026
Listing date
4 Mar 2026
Mandate end date
13 Mar 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 380 Cr |
| Fresh Issue | 380 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 27 Feb 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 3 Mar 2026 | ₹386 | ₹-20 | ₹366 (-5.18%) |
| 2 Mar 2026 | ₹386 | ₹-21 | ₹365 (-5.44%) |
| 1 Mar 2026 | ₹386 | ₹-11 | ₹375 (-2.85%) |
| 28 Feb 2026 | ₹386 | ₹-11 | ₹375 (-2.85%) |
| 25 Feb 2026 | ₹386 | ₹-1 | ₹385 (-0.26%) |
| 23 Feb 2026 | ₹386 | ₹9 | ₹395 (2.33%) |
| 22 Feb 2026 | ₹386 | ₹17 | ₹403 (4.4%) |
| 21 Feb 2026 | ₹386 | ₹17 | ₹403 (4.4%) |
| 20 Feb 2026 | ₹386 | ₹16 | ₹402 (4.15%) |
| 19 Feb 2026 | ₹386 | ₹18 | ₹404 (4.66%) |
| 18 Feb 2026 | ₹386 | ₹21 | ₹407 (5.44%) |
| 17 Feb 2026 | ₹386 | ₹18 | ₹404 (4.66%) |
| 16 Feb 2026 | ₹386 | ₹20 | ₹406 (5.18%) |
| 15 Feb 2026 | ₹386 | ₹20 | ₹406 (5.18%) |
| 14 Feb 2026 | ₹386 | ₹20 | ₹406 (5.18%) |
| 13 Feb 2026 | ₹386 | ₹20 | ₹406 (5.18%) |
| 12 Feb 2026 | ₹386 | ₹0 | ₹386 (0%) |
| 11 Feb 2026 | ₹386 | ₹0 | ₹386 (0%) |
Performance PNGS Reva Diamond Jewellery
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.367 - Rs.386 | .... | ₹ 351.65 | -8.90% |
About PNGS Reva Diamond Jewellery
PNGS Reva Diamond Jewellery Limited is a retail-focused jewellery company engaged in the sale of diamond jewellery set in gold and platinum. The company offers a range of products made using diamonds and precious and semi-precious stones studded in gold and platinum. It also retails plain platinum jewellery, including rings, bracelets, and chains. Its products are sold under the “Reva” brand. The company operates under a franchise agreement dated February 1, 2025, with P. N. Gadgil & Sons Limited, through which it uses retail space, logistics, electricity, furniture, security, and billing software provided by its corporate promoter. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding expenditure for setting up 15 new stores — Rs 286.56 crore. Marketing and promotional expenses related to the launch of the 15 new stores — Rs 35.4 crore. General corporate purposes.
| Founded in | 2004 |
| Managing director | Mr Govind Vishwanath Gadgil |
| Parent organization |
Financial Overview
Strengths
- Backed by a strong promoter legacy of P. N. Gadgil & Sons Limited.
- Focused retail model specialising in diamond jewellery under the “Reva” brand.
- Asset-light shop-in-shop format leveraging promoter infrastructure.
- Presence across multiple cities with an expanding retail footprint
- Design-led product portfolio catering to a diverse range of price segments.
Risks
- Heavy revenue dependence on the Maharashtra market.
- Brand reputation risk linked to Corporate Promoter.
- Rising competition from lab-grown and synthetic diamonds.
- High reliance on top suppliers for inventory sourcing.
- Execution risk in scaling and operating new stores successfully.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.04 |
| Non-Institutional Investors (NIIs) | 1.53 |
| Retail Individual Investors (RIIs) | 1.2 |
| Employee | N/A |
| Total | 1.21 |