PNGS Reva Diamond Jewelery IPO: An Overview
The Indian stock market is abuzz with the upcoming initial public offering (IPO) of PNGS Reva Diamond Jewelery, a prominent player in the jewelery industry. The company is set to raise Rs 380 crore through its maiden public issue, which will open on February 24 and close on February 26.
IPO Details
The price band for the IPO has been fixed at Rs 367-386 per share, with a lot size of 32 shares. The issue will consist of 98 lakh new shares, and there will be no offer for sale. The allotment of shares is expected to be finalized on February 27, and the company will be listed on the BSE and NSE on March 4.
About PNGS Reva Diamond Jewelery
PNGS Reva Diamond Jewelery is the diamond business of PN Gadgil & Sons, a well-established company in the jewelery industry. The company offers a wide range of products, including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutras, nose studs, and chains. All products are available under the brand name ‘Reva’.
The company has a strong presence in 25 cities across the states of Maharashtra, Gujarat, and Karnataka, with 13 different jewelery collections as of September 30, 2025. The company’s products cater to different customer classes and occasions, making it a popular choice among jewelery enthusiasts.
Reserve Share in IPO
In this public issue, 75 percent of the shares are reserved for qualified institutional buyers, while 10 percent has been reserved for retail investors and 15 percent for non-institutional investors. Additionally, 38.6 lakh shares are reserved for employees of the company.
The money raised from the public issue will be used for opening 15 new stores, marketing and promotional expenses related to these stores, and for general corporate purposes. This expansion plan is expected to increase the company’s presence in the market and drive growth.
Financial Position of PNGS Reva Diamond Jewelery
The total revenue of the company during April-September 2025 was Rs 157.12 crore, with a net profit of Rs 20.13 crore. Meanwhile, the company had a debt of Rs 130.25 crore. The company’s total revenue during FY2025 was Rs 259.11 crore, compared to Rs 196.24 crore a year ago. Net profit was Rs 59.47 crore, compared to Rs 42.41 crore in FY24.
Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager for the IPO, and BigShare Services Pvt. Ltd. is the registrar. The company’s financial performance and growth plans make it an attractive investment opportunity for investors.
Gray Market Premium
In the gray market, PNGS Reva Diamond Jewellery’s IPO shares are trading at a premium of 5.18 percent over the upper price band of 386. This indicates a positive sentiment among investors and a strong demand for the company’s shares.
Should You Invest in PNGS Reva Diamond Jewelery IPO?
Investing in the stock market involves potential risk, and it’s essential to consult your financial advisor or market expert before making any investment decisions. However, with its strong financial performance, growth plans, and positive sentiment in the gray market, PNGS Reva Diamond Jewelery’s IPO is definitely worth considering.
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