PNGS Reva Diamond Jewellery IPO Price: ₹367 to ₹386 per share
IPO Dates: 24th February 2026 – 26th February 2026
Company Overview
Incorporated in 2004, PNGS Reva Diamond Jewellery operates in the jewellery business, offering a wide range of diamond-studded jewellery crafted using precious and semi-precious stones set in gold and platinum. All its products are sold under the brand name “Reva”.
The company caters to diverse customer segments and occasions with products such as rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains. As of September 30, 2025, it has developed 13 distinct jewellery collections, supported by an in-house design team along with curated selections from third-party manufacturers and skilled karigars.
Retail Presence
As per the RHP date, the company operates 34 stores across 25 cities in Maharashtra, Gujarat, and Karnataka, with a total retail footprint of 647.15 running feet.
Business Model
The stores operate under a mix of models, including Franchise Owned Company Operated (FOCO), Franchise Owned Franchise Operated (FOFO), and Company Owned Company Operated (COCO). This structure helps the company expand efficiently while maintaining operational control and flexibility.
Competitive Strengths
- The company benefits from strong brand value and the legacy of its promoters, which strengthens customer trust, enhances market positioning, and supports operational stability.
- Its experienced Board of Directors brings expertise across finance, retail, business, and jewellery, contributing to better strategic decisions and long-term growth.
- A strong regional presence across Tier-1, Tier-2, and Tier-3 cities in Maharashtra, Gujarat, and Karnataka improves operational efficiency while building customer loyalty and brand reputation.
- A diversified product portfolio across multiple categories and price points allows the company to adapt to changing consumer preferences and maintain a competitive edge.
Bidding Starts In
PNGS Reva Diamond Jewellery IPO Specifics:
| IPO Date | 24 to 26 Feb, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹367 to ₹386 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 98,44,559 shares (agg. up to ₹380 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,18,66,400 shares |
| Share Holding Post Issue | 3,17,10,959 shares |
PNGS Reva Diamond Jewellery IPO Timetable (Important Dates)
| IPO Open Date | Tue, Feb 24, 2026 |
| IPO Close Date | Thu, Feb 26, 2026 |
| Tentative Allotment | Fri, Feb 27, 2026 |
| Initiation of Refunds | Mon, Mar 2, 2026 |
| Credit of Shares to Demat | Mon, Mar 2, 2026 |
| Listing Date | Wed, Mar 4, 2026 |
PNGS Reva Diamond Jewellery IPO Lot Size
Bidders have the opportunity to bid for a minimum of 32 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
PNGS Reva Diamond Jewellery IPO Reservation
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
PNGS Reva Diamond Jewellery IPO Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 352.70 | 226.84 | 158.33 | 123.93 |
| Total Income | 157.12 | 259.11 | 196.24 | 199.35 |
| Profit After Tax | 20.13 | 59.47 | 42.41 | 51.74 |
| 30.79 | 79.60 | 56.14 | 68.73 | |
| NET Worth | 120.31 | 100.19 | -28.50 | -50.02 |
| Reserves and Surplus | 98.44 | 95.33 | -37.64 | -60.74 |
| Total Borrowing | 130.25 | 90.65 |
Key Performance Indicator – PNGS Reva Diamond Jewellery IPO
| KPI | Values |
|---|---|
| ROE | 165.9% |
| ROCE | 79.8% |
| Debt/Equity | 0.90 |
| RoNW | 59.36% |
| PAT Margin | 23.04% |
| EBITDA Margin | 41.81% |
| Price to Book Value | 8.42 |
| EPS Rs | 27.20 |
| P/E (x) | 14.19 |
| Promoter Holding | 87.45% |
| Market Cap | ₹1,224.04 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
PNGS Reva Diamond Jewellery IPO DRHP
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