PNGS Reva Diamond Jewellery IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 24 to Feb 26 2026
Price Band
₹367 - 386
Current GMP
₹375 (-2.85%)
Subscription
1.30 times
IPO Details
| IPO Date | 24 to 26 Feb, 2026 |
| Listing Date | Wed, Mar 4, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹367 to ₹386 |
| Issue Price | ₹386 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 98,44,559 shares (agg. up to ₹ 380 Cr) |
| Share Holding Pre Issue | 2,18,66,400 shares |
| Share Holding Post Issue | 3,17,10,959 shares |
| BSE Script Code / NSE Symbol | 544718 / PNGSREVA |
| ISIN | INE1RDG01013 |
IPO Date
24 to 26 Feb, 2026
Listing Date
Wed, Mar 4, 2026
Face Value
₹ 10 per share
Price Band
₹367 to ₹386
Issue Price
₹386 per share
Lot Size
32 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
98,44,559 shares (agg. up to ₹ 380 Cr)
Share Holding Pre Issue
2,18,66,400 shares
Share Holding Post Issue
3,17,10,959 shares
BSE Script Code / NSE Symbol
544718 / PNGSREVA
ISIN
INE1RDG01013
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 1.10 |
| NII | 1.62 |
| bNII (> ₹10L) | 1.71 |
| sNII (< ₹10L) | 1.44 |
| Retail | 1.37 |
| Employees | 7.08 |
| Total ** | 1.30 |
Anchor
1
QIB (Ex Anchor)
1.10
NII
1.62
bNII (> ₹10L)
1.71
sNII (< ₹10L)
1.44
Retail
1.37
Employees
7.08
Total **
1.30
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Feb 2 4 (Day 1) | 0.96 | 0.07 | 0.06 | 0.10 | 0.42 | 4.04 | 0.63 |
| Feb 2 5 (Day 2) | 1.01 | 0.69 | 0.86 | 0.33 | 0.72 | 5.02 | 0.88 |
| Feb 2 6 (Day 3) | 1.10 | 1.62 | 1.71 | 1.44 | 1.37 | 7.08 | 1.30 |
DayFeb 2
4 (Day 1)
QIB (Ex Anchor)0.96
NII0.07
NII (> ₹10L)0.06
NII (< ₹10L)0.10
Retail0.42
EMP4.04
Total0.63
DayFeb 2
5 (Day 2)
QIB (Ex Anchor)1.01
NII0.69
NII (> ₹10L)0.86
NII (< ₹10L)0.33
Retail0.72
EMP5.02
Total0.88
DayFeb 2
6 (Day 3)
QIB (Ex Anchor)1.10
NII1.62
NII (> ₹10L)1.71
NII (< ₹10L)1.44
Retail1.37
EMP7.08
Total1.30
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 04-03-2026 | 386.00 | -20(-5.18%) | 366 |
| 03-03-2026 | 386.00 | -20(-5.18%) | 366 |
| 02-03-2026 | 386.00 | -21(-5.44%) | 365 |
| 01-03-2026 | 386.00 | -11(-2.85%) | 375 |
| 28-02-2026 | 386.00 | -11(-2.85%) | 375 |
| 27-02-2026 | 386.00 | -2(-0.52%) | 384 |
| 26-02-2026 | 386.00 | -1(-0.26%) | 385 |
| 25-02-2026 | 386.00 | -1(-0.26%) | 385 |
| 24-02-2026 | 386.00 | 1.5(0.39%) | 387.5 |
| 23-02-2026 | 386.00 | 9(2.33%) | 395 |
| 22-02-2026 | 386.00 | 17(4.40%) | 403 |
| 21-02-2026 | 386.00 | 17(4.40%) | 403 |
| 20-02-2026 | 386.00 | 16(4.15%) | 402 |
| 19-02-2026 | 386.00 | 18(4.66%) | 404 |
| 18-02-2026 | 386.00 | 21(5.44%) | 407 |
| 17-02-2026 | 386.00 | 18(4.66%) | 404 |
| 16-02-2026 | 386.00 | 20(5.18%) | 406 |
| 15-02-2026 | 386.00 | 20(5.18%) | 406 |
| 14-02-2026 | 386.00 | 20(5.18%) | 406 |
| 13-02-2026 | 386.00 | 20(5.18%) | 406 |
| 12-02-2026 | 0 | 20(0.00%) | 20 |
| 11-02-2026 | 0 | 20(0.00%) | 20 |
Date04-03-2026
Price386.00
GMP-20(-5.18%)
Estimate List Price366
Date03-03-2026
Price386.00
GMP-20(-5.18%)
Estimate List Price366
Date02-03-2026
Price386.00
GMP-21(-5.44%)
Estimate List Price365
Date01-03-2026
Price386.00
GMP-11(-2.85%)
Estimate List Price375
Date28-02-2026
Price386.00
GMP-11(-2.85%)
Estimate List Price375
Date27-02-2026
Price386.00
GMP-2(-0.52%)
Estimate List Price384
Date26-02-2026
Price386.00
GMP-1(-0.26%)
Estimate List Price385
Date25-02-2026
Price386.00
GMP-1(-0.26%)
Estimate List Price385
Date24-02-2026
Price386.00
GMP1.5(0.39%)
Estimate List Price387.5
Date23-02-2026
Price386.00
GMP9(2.33%)
Estimate List Price395
Date22-02-2026
Price386.00
GMP17(4.40%)
Estimate List Price403
Date21-02-2026
Price386.00
GMP17(4.40%)
Estimate List Price403
Date20-02-2026
Price386.00
GMP16(4.15%)
Estimate List Price402
Date19-02-2026
Price386.00
GMP18(4.66%)
Estimate List Price404
Date18-02-2026
Price386.00
GMP21(5.44%)
Estimate List Price407
Date17-02-2026
Price386.00
GMP18(4.66%)
Estimate List Price404
Date16-02-2026
Price386.00
GMP20(5.18%)
Estimate List Price406
Date15-02-2026
Price386.00
GMP20(5.18%)
Estimate List Price406
Date14-02-2026
Price386.00
GMP20(5.18%)
Estimate List Price406
Date13-02-2026
Price386.00
GMP20(5.18%)
Estimate List Price406
Date12-02-2026
Price0
GMP20(0.00%)
Estimate List Price20
Date11-02-2026
Price0
GMP20(0.00%)
Estimate List Price20
IPO Important Dates
| IPO Open | Tue, Feb 24, 2026 |
| IPO Close | Thu, Feb 26, 2026 |
| Allotment | Fri, Feb 27, 2026 |
| Refund | Mon, Mar 2, 2026 |
| Credit of Shares | Mon, Mar 2, 2026 |
| Listing | Wed, Mar 4, 2026 |
IPO Open
Tue, Feb 24, 2026
IPO Close
Thu, Feb 26, 2026
Allotment
Fri, Feb 27, 2026
Refund
Mon, Mar 2, 2026
Credit of Shares
Mon, Mar 2, 2026
Listing
Wed, Mar 4, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹12,352 |
| Retail (Max) | 16 | 512 | ₹1,97,632 |
| S-HNI (Min) | 17 | 544 | ₹2,09,984 |
| S-HNI (Max) | 80 | 2,560 | ₹9,88,160 |
| B-HNI (Min) | 81 | 2,592 | ₹10,00,512 |
ApplicationRetail (Min)
Lots1
Shares32
Amount₹12,352
ApplicationRetail (Max)
Lots16
Shares512
Amount₹1,97,632
ApplicationS-HNI (Min)
Lots17
Shares544
Amount₹2,09,984
ApplicationS-HNI (Max)
Lots80
Shares2,560
Amount₹9,88,160
ApplicationB-HNI (Min)
Lots81
Shares2,592
Amount₹10,00,512
Key Performance Indicator
| ROE | 18.3% |
| ROCE | 25.2% |
| Debt/Equity | 1.10 |
| RoNW | 16.73% |
| PAT Margin | 12.85% |
| EBITDA Margin | 19.65% |
| Price to Book Value |
ROE
18.3%
ROCE
25.2%
Debt/Equity
1.10
RoNW
16.73%
PAT Margin
12.85%
EBITDA Margin
19.65%
Price to Book Value
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| PNGS REVA DIAMOND JEWELLERY LIMITED | 35.21 | 35.21 | 45.82 | 59.36 | ||
| Tribhovandas Bhimji Zaveri Ltd. | 10.25 | 10.25 | 98.49 | 15.74 | 10.41 | 1.64 |
| Thangamayil Jewellery Ltd | 42.00 | 42.00 | 390.03 | 80.96 | 10.77 | 8.72 |
| Senco Gold Limited | 10.09 | 10.08 | 120.37 | 33.00 | 8.09 | 2.77 |
Company NamePNGS REVA DIAMOND JEWELLERY LIMITED
EPS (Basic)35.21
EPS (Diluted)35.21
NAV (₹ per share)45.82
P/E (x)
RoNW (%)59.36
P/BV Ratio
Company NameTribhovandas Bhimji Zaveri Ltd.
EPS (Basic)10.25
EPS (Diluted)10.25
NAV (₹ per share)98.49
P/E (x)15.74
RoNW (%)10.41
P/BV Ratio1.64
Company NameThangamayil Jewellery Ltd
EPS (Basic)42.00
EPS (Diluted)42.00
NAV (₹ per share)390.03
P/E (x)80.96
RoNW (%)10.77
P/BV Ratio8.72
Company NameSenco Gold Limited
EPS (Basic)10.09
EPS (Diluted)10.08
NAV (₹ per share)120.37
P/E (x)33.00
RoNW (%)8.09
P/BV Ratio2.77
IPO Reservation
| QIB Shares Offered | 73,75,919 (74.92%) |
| − Anchor Investor Shares Offered | 44,19,200 (44.89%) |
| − QIB (Ex. Anchor) Shares Offered | 29,56,719 (30.03%) |
| NII (HNI) Shares Offered | 14,75,184 (14.98%) |
| − bNII > ₹10L | 9,83,456 (9.99%) |
| − sNII < ₹10L | 4,91,728 (4.99%) |
| Retail Shares Offered | 9,83,456 (9.99%) |
| Employee Shares Offered | 10,000 (0.10%) |
| Total Shares Offered | 98,44,559 (100.00%) |
QIB Shares Offered
73,75,919 (74.92%)
− Anchor Investor Shares Offered
44,19,200 (44.89%)
− QIB (Ex. Anchor) Shares Offered
29,56,719 (30.03%)
NII (HNI) Shares Offered
14,75,184 (14.98%)
− bNII > ₹10L
9,83,456 (9.99%)
− sNII < ₹10L
4,91,728 (4.99%)
Retail Shares Offered
9,83,456 (9.99%)
Employee Shares Offered
10,000 (0.10%)
Total Shares Offered
98,44,559 (100.00%)
Information about company
Incorporated in 2004, PNGS Reva Diamond Jewellery is engaged in the jewellery business. The company offers different types of jewellery made using diamonds and precious and semi-precious stones, which are studded into precious metals such as gold and platinum. All products are offered under the brand name, "Reva".
The company offers a wide range of products, including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains to cater to diverse customer segments and
occasions. As of September 30, 2025, it has 13 distinct jewellery collections, includes in-house design team and curated selections from our third-party manufacturers
and Karigars.
As on the date of RHP, the company had 34 Stores across 25 cities in the states of Maharashtra, Gujarat, and Karnataka, aggregating across an area of 647.15 Running Feet.
Its stores are operated under Franchise owned and company operated (FOCO), franchise owned and franchise operated (“FOFO”), and
company owned and company operated (“COCO”) model.
Competitive Strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding expenditure towards setting-up of 15 New Stores 286.56 2 Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of the flagship brand, “Reva”, in their respective areas 35.40 3 General corporate purposes 27.16 Total 349.12
Disclaimer
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