The PNGS Reva Diamond Jewellery IPO will open for subscription on February 24. The total issue size of the IPO is ₹380 crore. The company will issue 9.8 million fresh shares, and the entire issue consists only of new shares.
This means that existing investors will not sell any of their shares in this IPO.
The company announced the IPO price band on Monday.
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Price Band and Investment Details
The price band for the PNGS Reva Diamond Jewellery IPO has been fixed at ₹367 to ₹386 per share. One lot consists of 32 shares, so the minimum investment required for investors is ₹12,352.
Retail investors can apply for the IPO until February 26.
Reservation and Listing Information
In this IPO, at least 75% of shares are reserved for Qualified Institutional Buyers (QIBs). Up to 10% is reserved for retail investors, and up to 15% for Non-Institutional Investors (NIIs).
This is a mainboard IPO and the shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Smart Horizon Capital Advisors Private Limited is the Book Running Lead Manager, while Bigshare Services Private Limited is the Registrar for the issue.
About the Company
PNGS Reva Diamond Jewellery was founded in 2004 and operates in the jewellery business under the brand name “Reva.” The company manufactures bracelets, earrings, rings, and mangalsutras in various designs.
As of September 2025, the company operates across 13 districts.
Use of IPO Proceeds
The company plans to use the funds raised from the IPO mainly for business expansion. About ₹286.56 crore will be used to open 15 new stores. Around ₹35.40 crore will be spent on marketing and promotional activities.
GMP (Grey Market Premium) Update
There is positive news for investors considering the PNGS Reva Diamond Jewellery IPO. The Grey Market Premium (GMP) of the IPO has increased.
According to Investors Gain data, the IPO is currently trading at a premium of ₹35 in the grey market.
This indicates a possible listing gain of about 9.07%. At present, the IPO is considered to be in a strong position in the grey market.