The PNGS Reva Diamond Jewellery IPO will open on February 24, 2026, and close on February 26, 2026. The PNGS Reva Diamond Jewellery IPO is a book-building issue. The company will raise approximately ₹380 crore through the IPO (GMP), which includes a fresh issue of ₹380 crore and an offer for sale of up to [.] equity shares of face value ₹10.
The PNGS Reva Diamond Jewellery IPO GMP price band is ₹[.] to ₹[.] per share. The retail quota is 10%, QIB 75%, and HNI 15%. The PNGS Reva Diamond Jewellery IPO will be listed on the BSE and NSE on March 3, 2026. The allotment date for the PNGS Reva Diamond Jewellery IPO is February 27, 2026.
The company reported revenue of ₹259.11 crore in 2025, compared to ₹196.24 crore in 2024. According to financials, IPO investors should apply for the IPO for the long term.
About PNGS Reva Diamond Jewellery IPO Details
PNGS (P. N. Gadgil & Sons) Reva Diamond Jewellery, incorporated in the 2004, operates in the jewelry business. The company sells a wide range of diamond jewelry and precious and semi-precious stone jewelry set in gold and platinum. To offer affordable yet stylish diamond jewelry, it also launched a diamond-focused sub-brand, Reva, in February 2025.
Its product portfolio includes diamond rings, diamond earrings, diamond bracelets, diamond sets, and diamond necklace sets. The firm decided to launch the Reva Collection before Valentine's Day in 2025 to meet festive demand and attract customers for gift options. Its Reva Collection is designed with pure diamond values and modern designs, starting at ₹10,000. As of March 31, 2025, the firm has a total of 33 stores in 25 cities.
PNGS Reva Diamond IPO Details
| IPO Open Date | February 24, 2026 |
| IPO Close Date | February 26, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹380 Crores |
| Fresh Issue | Approx ₹380 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | . |
| RHP Draft Prospectus | . |
PNGS Reva Diamond IPO Market Lot
The PNGS Reva Diamond Jewellery IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
PNGS Reva Diamond Jewellery IPO Anchor Investors
| Anchor Bidding Date | February 23, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | March 29, 2026 |
| lock-in period end date 50% shares (90 Days) | May 28, 2026 |
PNGS Reva Diamond IPO Dates
The PNGS Reva Diamond Jewellery IPO date is February 24, and the close date is February 26. The PNGS Reva Diamond IPO allotment will be finalized on February 2,7 and the IPO listing on March 3.
| IPO Open Date: | February 24, 2026 |
| IPO Close Date: | February 26, 2026 |
| Basis of Allotment: | February 27, 2026 |
| Refunds: | March 2, 2026 |
| Credit to Demat Account: | March 2, 2026 |
| IPO Listing Date: | March 3, 2026 |
| IPO Bidding Cut-off Time: | February 26, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are P.N. Gadgil & Sons Limited, Govind Vishwanath Gadgil And Renu Govind Gadgil.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | – | -% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding expenditure towards setting-up of 15 New Stores | ₹286.56 |
| Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of our flagship brand, “Reva”, in their respective areas | ₹35.40 |
| General Corporate Purpose | ₹- |
PNGS Reva Diamond Jewellery IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹199.35 | ₹130.17 | ₹51.75 | ₹123.93 |
| 2024 | ₹196.24 | ₹139.56 | ₹42.40 | ₹158.33 |
| 2025 | ₹259.11 | ₹179.90 | ₹59.81 | ₹226.84 |
PNGS Reva Diamond Jewellery IPO Valuation – FY2025
Check PNGS Reva Diamond Jewellery IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | 23.04% |
| Debt to equity ratio: | 0.37 |
| Earning Per Share (EPS): | ₹35.21 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 59.36% |
| Net Asset Value (NAV): | ₹45.82 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Tribhovandas Bhimji Zaveri Limited | 8.16 | 23.58 | 9.05% | 90.14 | 2298.94 Cr. |
| Thangamayil Jewellery Limited | 44.91 | 41.24 | 24.99% | 179.74 | 3826.78 Cr. |
| Senco Gold Limited | 24.06 | 14.48 | 13.26% | 175.74 | 5241.44 Cr. |
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Private Limited
Company Address
PNGS Reva Diamond Jewellery Limited.
Abhiruchi Mall, 59/1 C, Sinhgad Road,
Wadgaon Budruk,
Pune – 411041,
Maharashtra, India
E-mail: investor@revabypng.com
Phone: +91 020-29980704
Website: https://www.revabypng.com/
IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
PNGS Reva Diamond Jewellery IPO – FAQs
Q1. What is PNGS Reva Diamond Jewellery IPO?
Ans: PNGS Reva IPO is a ₹380 crore fresh issue public offering by PNGS Reva Diamond Jewellery Limited.
Q2. When will the PNGS Reva IPO open and close?
Ans: The IPO opens on 24 February 2026 and closes on 26 February 2026.
Q3. What is the IPO size of PNGS Reva?
Ans: The total issue size of the IPO is approximately ₹380 crore.
Q4. What type of IPO is PNGS Reva?
Ans: It is a fresh issue of equity shares.
Q5. Where will PNGS Reva IPO be listed?
Ans: The shares will be listed on NSE and BSE.
Q6. What does PNGS Reva Diamond Jewellery Limited do?
Ans: The company sells diamond, gold, and precious stone jewellery under the “Reva” brand.
Q7. How many stores does PNGS Reva operate?
Ans: The company operates around 33 retail stores across India.
Q8. What is the objective of the IPO?
Ans: The IPO proceeds will be used for opening new stores, marketing expenses, and general corporate purposes.
Q9. Who is the lead manager of the IPO?
Ans: Smart Horizon Capital Advisors is the book-running lead manager.
Q10. Should investors apply for PNGS Reva IPO?
Ans: Investors should evaluate company fundamentals, valuation, and risk factors before making an investment decision.
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