The PNGS Reva Diamond Jewellery IPO will open for subscription on February 24. The total size of the IPO is ₹380 crore. The company will issue 9.8 million fresh shares through this public issue.
This IPO consists entirely of fresh shares, which means existing investors will not sell any of their shares. The company announced its price band today (Monday).
Retail investors can apply for the IPO until February 26.
Price Band and Minimum Investment Details
The price band for the PNGS Reva Diamond Jewellery IPO has been fixed at ₹367 to ₹386 per share.
The company has set one lot size of 32 shares. Therefore, investors will need to invest at least ₹12,352 to apply for one lot.
Share Allocation in the IPO
At least 75% of the shares are reserved for Qualified Institutional Buyers (QIBs).
Up to 10% of the shares are reserved for retail investors.
Up to 15% of the shares are reserved for Non-Institutional Investors (NIIs).
This is a mainboard IPO and the company’s shares will be listed on both the BSE and NSE.
Smart Horizon Capital Advisors Private Limited has been appointed as the Book Running Lead Manager for the IPO. Bigshare Services Private Limited will act as the Registrar.
About the Company
PNGS Reva Diamond Jewellery was founded in 2004 and operates in the jewellery business. It sells its products under the brand name “Reva.”
The company manufactures bracelets, earrings, rings, and mangalsutras in various designs. According to data available up to September 2025, the company operates across 13 districts.
Use of IPO Funds
The company plans to use the money raised from the IPO mainly for expansion and promotion.
₹286.56 crore will be used to open 15 new stores.
₹35.40 crore will be spent on marketing and promotional activities.
GMP Update
There is good news for investors who are planning to invest in the PNGS Reva Diamond Jewellery IPO. The company’s Grey Market Premium (GMP) has increased.
According to a report by Investors Gain, the IPO is currently trading at a premium of ₹35 in the grey market. This indicates a possible listing gain of around 9.07%. At present, the IPO is considered to be in a strong position in the grey market.
