PNGS Reva Diamond Jewellery Ltd. IPO Details, Dates, Price Band, Financials & Review

PNGS Reva Diamond Jewellery IPO is a book-built issue worth ₹380.00 crores. The issue is entirely a fresh issue of 0.98 crore shares aggregating to ₹380.00 crores.

PNGS Reva Diamond Jewellery IPO opens for subscription on February 24, 2026, and closes on February 26, 2026. The allotment is expected to be finalized on February 27, 2026. The IPO will list on BSE and NSE with a tentative listing date fixed as March 4, 2026.

The IPO price band is set at ₹367 to ₹386 per share, with a minimum investment of ₹12,352 for retail investors.

Let us understand the PNGS Reva Diamond Jewellery IPO in detail.

PNGS Reva Diamond Jewellery IPO – Key Details

The following are some of the important and key details about the IPO.

PNGS Reva Diamond Jewellery IPO Timeline

The following table explains the tentative IPO schedule.

PNGS Reva Diamond Jewellery IPO Lot Size & Investment

The following table shows the minimum and maximum investment required.

About PNGS Reva Diamond Jewellery Ltd. Business Operations

Incorporated in 2004, PNGS Reva Diamond Jewellery Ltd. operates in the jewellery business.

The company offers jewellery made using diamonds and precious and semi-precious stones studded in gold and platinum, marketed under the brand name “Reva.”

Its product portfolio includes:

• Rings
• Earrings
• Necklaces
• Pendants
• Solitaires
• Bangles & Bracelets
• Mangalsutra
• Nose Rings
• Chains

As of September 30, 2025, the company had 13 distinct jewellery collections, supported by an in-house design team along with curated designs from third-party manufacturers and karigars.

Retail Presence & Store Network

Here are a few key details about the retail presence and store network of PNGS Reva Diamond Jewellery Ltd.

As on the date of RHP:

• 34 Stores across 25 cities
• Presence in Maharashtra, Gujarat, and Karnataka
• Aggregate retail area of 647.15 Running Feet

Store operating models include:

• FOCO – Franchise Owned Company Operated
• FOFO – Franchise Owned Franchise Operated
• COCO – Company Owned Company Operated
• Competitive Strengths of PNGS Reva Diamond Jewellery

The following are the key strengths of the company:

• Brand legacy and promoter-driven market trust
• Experienced Board across finance, retail, and jewellery
• Strong regional expertise across Tier-1, Tier-2, and Tier-3 cities
• Diversified product portfolio across price points
• Community trust and regional brand recall

PNGS Reva Diamond Jewellery – Financial Performance

Key Insight:

The company has demonstrated revenue scale-up with consistent profitability across reported periods.

Key Performance Indicators (KPI)

Note: Return on Net Worth (RONW) includes capital reserve and partners’ capital.

Objects of the Issue

Fresh proceeds will be utilized primarily for retail expansion and brand visibility initiatives.

Valuation Snapshot

Market Capitalisation: ₹1,224.04 Cr

Promoter Holding:

• Pre-IPO: 87.45%
• Post-IPO: 60.31%

Promoters of PNGS Reva Diamond Jewellery Ltd.

The promoters of the company are:

• P.N. Gadgil & Sons Limited
• Govind Vishwanath Gadgil
• Renu Govind Gadgil

IPO Reservation

Risks to Consider

Investors should be aware of the following risks:

• Dependence on jewellery demand cycles
• Precious metal and diamond price volatility
• Retail expansion execution risk
• Competitive branded jewellery market

Summary

PNGS Reva Diamond Jewellery Ltd. operates in the branded diamond jewellery segment under the “Reva” brand, offering a wide portfolio of studded jewellery products.

The company has an established regional retail presence with multiple operating store formats and expansion plans through IPO proceeds.

Fresh issue funds are primarily allocated toward opening new stores and supporting marketing initiatives aimed at strengthening brand visibility and retail footprint.

Also, we have a dedicated article on upcoming IPOs in february 2026, wherein you can check all the IPOs that were launched in february 2026.

Disclaimer

This content is for informational and educational purposes only and does not constitute investment advice. Readers should conduct their own research and consult qualified professionals before investing. The IPO is expected to list on March 4, 2026, on BSE and NSE.

Frequently Asked Questions

What is the PNGS Reva Diamond Jewellery IPO?

It is a main-board IPO of 98,44,559 equity shares aggregating up to ₹380 crores, priced at ₹367 to ₹386 per share.

When does the IPO open?

The IPO opens on February 24, 2026, and closes on February 26, 2026.

What is the lot size of PNGS Reva Diamond Jewellery IPO?

The minimum lot size is 32 shares.

When is the allotment date?

Allotment is expected to be finalized on February 27, 2026.

When is the listing date?

The tentative listing date is March 4, 2026.

Who are the promoters of the company?

P.N. Gadgil & Sons Limited, Govind Vishwanath Gadgil, and Renu Govind Gadgil are the promoters.

What does PNGS Reva Diamond Jewellery Ltd. do?

The company manufactures and retails diamond and studded jewellery under the “Reva” brand.

Author: Diwakar Singh

Diwakar Kumar Singh is a BFSI specialist and finance writer with over 7 years of hands-on experience in financial research, content creation, and analysis.

 

A Gold Medalist in MBA (Marketing) from IMT, he combines deep analytical skills with practical insights gained from evaluating companies, IPOs, unlisted shares, financial ratios, and investment opportunities. Diwakar has personally analysed hundreds of financial instruments and market scenarios, which he uses to break down complex topics into clear, actionable advice.

He has authored numerous in-depth finance articles, published multiple books internationally, and contributed to research publications. His work focuses on helping everyday investors and readers make better-informed financial decisions through well-researched, evidence-based explanations that are always grounded in real-world application rather than theory alone.